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Civil rights center finalizes $24m for construction

By
March 7, 2013

The National Center for Civil and Human Rights has finalized key funding for its first phase.

Invest Atlanta and PNC Bank announced on Thursday the closing of a deal for $24 million in financing for the project, at Centennial Olympic Park, near the World of Coca-Cola. The center is expected to open next year.

The center will showcase the Morehouse College collection of Martin Luther King’s Papers and other artifacts and serve as a global center for advancing civil and human rights.

The $24 million consists of $11 million in New Markets Tax Credits from PNC and an additional $13 million in tax credits from Invest Atlanta, the city’s development authority. The financing arrangement was first announced in January.

“Financing for this project has taken more than five years to pull together, and we could not have completed funding prior to construction without the financial support of PNC and other public and private partners,” Doug Shipman, the center’s chief executive, said in a news release.

About the Author

J. Scott Trubey is the economy and environment editor for The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. Trubey is also a former investigative reporter, with a specialty in banking, real estate and public corruption. He joined the AJC in 2010.

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