ALBANY, GA (WALB) - At its meeting Monday afternoon, the Albany City Commission has approved a resolution to help the Albany Museum of Art obtain a $1.5 million line of credit.
The resolution said that the Albany Finance Director is authorized to work with the Downtown Development Authority to develop the line of credit for the benefit of the museum.
The city's action increases the chance that the museum could be granted a $1.7 million federal tax credit.
"This is such an opportunity for Albany, in that we can really be a cultural hub and really keep this momentum moving, with downtown moving forward," said Paula Williams, Executive Director of Albany Museum of Art.
The museum hopes to move downtown, into the former Belk Building.