#Tampa #Bank of America #Tampa Museum #Tampa Theatre

Bank of America Invests $500,000 in Tampa's Cultural Institutions

In a significant move to enhance the cultural landscape of Tampa Bay, Bank of America has recently announced a generous $500,000 investment directed towards two prominent arts institutions: the Tampa Museum of Art and the historic Tampa Theatre. Each organization will receive $250,000 to support their respective projects that aim to enrich the community and elevate the arts in the region.

Supporting Art and Education

The grants are part of Bank of America's ongoing commitment to fostering arts and culture within the communities it serves. Michael Esposito, president of Bank of America Tampa Bay, expressed that this investment aligns with the bank’s mission to inspire, educate, and build community through the arts. He remarked, “These grants reflect our commitment to creating economic opportunities across Tampa Bay that we've served for more than 140 years.”

Expanding the Tampa Museum of Art

The Tampa Museum of Art plans to use the funds for an ambitious expansion initiative that will further facilitate its educational and exhibition programs. The transformative project includes constructing a 51,000-square-foot expansion, which will introduce a striking four-story cantilevered structure, extending the museum's footprint towards the waterfront.

This expansion is set to feature an auditorium that accommodates 150 seats, multi-functional event spaces for diverse gatherings, a stunning rooftop terrace, and areas for food services and dining. Additionally, the project aims to enhance public spaces with new art installations along the Curtis Hixon Waterfront Park and the Tampa Riverwalk. Expected to break ground in early 2026, this development will effectively double the museum’s size and enhance access to art for the community.

Dr. Michael Tomor, the Executive Director of the Tampa Museum of Art, expressed gratitude for Bank of America’s significant contribution, stating, “This partnership will help bring our vision for a more accessible, dynamic, and inspiring museum to life.” He emphasized that the support would strengthen their educational programs and improve visitor experiences, ensuring that art and culture remain a vital part of Tampa's identity for future generations.

Restoration of Tampa Theatre

On the other side, the Tampa Theatre, a cherished cultural landmark, will utilize its grant as part of a larger $28 million capital campaign aimed at restoring and modernizing the historic venue. As the theater prepares to celebrate its centennial in 2026, the initiative will focus on restoring its intricately designed auditorium and bringing technology up to date while revamping underutilized space to create a dedicated education wing.

John Bell, the President and CEO of Tampa Theatre, remarked on the bank's pivotal role in honoring their mission by supporting their restoration efforts. He stated, “This leadership gift to the Second Century Campaign will support the restoration, expansion, and transformation of this treasured historic landmark.