How much money is MICA trying to raise?

A:

The facility is still in the design phase and final costs will not be determined until MICA has met all of the building requirements of the City and secured the lease and necessary permits. When the final cost estimates for the project are available, MICA’s board of directors will set the capital campaign objective.  With all the information available to date, MICA expects a capital campaign amount of at least $25 million. The capital campaign amount will also include an allowance for contingencies, a $1 million operating reserve, and provisions for expected cost escalation.