Much anticipated Questplex project stalls as funding falls throu - WSFA.com Montgomery Alabama news.

Much anticipated Questplex project stalls as funding falls through

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MONTGOMERY, AL (WSFA) -

Work on Montgomery's Questplex project has stalled. Funding has fallen through, and now board members must decide how to proceed. 

Suzanne Davidson, president of the Children's Museum board sent a letter to board members this week explaining the situation. In it, she says that Federal and State New Market Tax Credits were going to compose a large portion of the overall $22 million budget for the project. But in the fall, the Federal New Market Tax Credits were pulled from the project, leaving a large hole to fill. 

The idea behind the Questplex project was to create a well thought out, first class, hands-on science and technology museum combined with a state of the art, high tech library. 

[BACKGROUND: Montgomery kicks off campaign for Questplex (June 2013)]

The fundraising campaign for Questplex has raised about $3 million so far. Montgomery Mayor Todd Strange says "we've been talking to some of the financial institutions about how that gap might be filled, and we're expecting some answers even today."

He maintains, "We're all committed to technology, the children's museum, the library, the library of the future". But the Mayor admits some adjustments will probably have to be made. "We just have to get around the table to figure out what we can do that might be a bit less expensive."

A news conference is planned for Friday afternoon to explain the situation, and the answers provided by the financial institutions Mayor Strange mentioned. 

The Central Alabama Community Foundation, who has been holding all the donations to the Questplex project, will be sending out letters to donors explaining what happened and giving them the opportunity to have their donation refunded.

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