NSHOF Gets Three Year Lease Extension

This is great news for everyone at the National Sailing Hall of Fame (NSHOF) as they have been granted a three-year lease extension to build a new facility and also to build a home for the American sailing in Annapolis in Maryland.

The President of National Sailing Hall of Fame (NSHOF), Gary Jobson said that he and his team are very happy with the lease extension given to them. They are very grateful to the support giving to them by Governor Larry Hogan, Treasurer Nancy Kopp, and Comptroller Peter Franchot. Gary said that the new facility that is being developed will boost the education and public programming that is being developed.

The existing deal between the NSHOF and the state was about to end on February 23 and the organization pays $1 a year according to the lease agreement, according to this website. The museum had to raise about $9.5 million so that the construction could have commenced. The nonprofit organization was not able to raise the fund at the stipulated time and sought more time to raise the money to construct a building on the City Dock.

Now, the organization has planned to cut down the size of the building from 12,000 square feet to 7,000 square feet so that the building can be constructed quickly.

Jobson said that he and his team are dedicated to constructing the building and they focus on the Capital Campaign. It will be providing a lot of space for plenty of activities like the Tom Morris library, Hall of Fame gallery, a classroom for STEM sailing, a sailing center for education and outreach programs, an education fund and an operation fund.

The museum has been able to collect $4.3 million so far and 1.25 million dollars of this amount are state money. There is also a $1 million pledge and a $2 million in cash.

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