THEMUSEUM in downtown Kitchener to expand into bank next door

THEMUSEUM in downtown Kitchener is expected to double in size, expanding into a bank branch next door.

Period of consultation next step for THEMUSEUM expansion, CEO says

TheMuseum in downtown Kitchener is expanding, thanks to a $1M donation by the BMO Bank of Montreal and an agreement that allows them to purchase the bank branch a 2 King St. West. (Joe Pavia/CBC)

THEMUSEUM in downtown Kitchener is expected to double in size, expanding into a bank branch next door.

THEMUSEUM intends to acquire Bank of Montreal building on King Street. 

BMO Bank of Montreal offered the building as part of a sole purchaser agreement, and pledged $1 million to help offset the cost.

"What we will now do is go into a period of consultation," said THEMUSEUM CEO David Marskell.  "A very important part of the next six or seven months will be working with the arts and culture communities, the universities, Conestoga, to seek their input of what this building should be."

Marskell said the current location is at capacity, and their current funding model does not make THEMUSEUM sustainable.

He said expanding by approximately 40,000 square feet will put THEMUSEUM on a path toward sustainability.

The not-for-profit museum initially opened as a children's museum in 2003 and has since grown to almost 100,000 visitors annually.

The BMO Bank of Montreal branch location at 2 King St. West will close later this year to allow for TheMuseum's expansion. (Joe Pavia/CBC)