FINANCIAL_SERVICESAPPROVED

NYC-Trust for Cultural Resources Awards Financial Services Contract to Museum of Modern Art (June 2026)

The Trust for Cultural Resources of The City of New York approved the issuance of up to $270 million in Revenue and Refunding Bonds, Series 2026, for The Museum of Modern Art. The financing will refund prior Series 2016 bonds, repay a line of credit, and fund infrastructure and technology capital improvements at MoMA’s facilities over a term of up to 30 years.

Document date · June 15, 2026

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Scope & details

The full contract record, as filed.

Contract amount
Not in excess of $270,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Maximum 30 years from issuance; maturities in 2031, 2046, and 2056
Renewal date
2056-12-31
Renewal
Series 2026 Bonds are new revenue and refunding bonds with a term limited to 30 years under state law and stated maturity limits of 2031, 2046, and 2056. No renewal or extension options are described; bonds will amortize per final debt schedule.
Document type
Minutes
Source document
The Trust for Cultural Resources of The City of New York Minutes of Meeting of the Board of Trustees 2026-06-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by NYC-Trust for Cultural Resources?

Museum of Modern Art was awarded this financial services contract by NYC-Trust for Cultural Resources, as recorded on June 15, 2026. The contract value is Not in excess of $270,000,000.

How much is the Museum of Modern Art contract with NYC-Trust for Cultural Resources worth?

The Museum of Modern Art contract with NYC-Trust for Cultural Resources is valued at Not in excess of $270,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in The Trust for Cultural Resources of The City of New York Minutes of Meeting of the Board of Trustees 2026-06-15 (Minutes), dated June 15, 2026 from NYC-Trust for Cultural Resources. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Museum of Modern Art hold?

Museum of Modern Art may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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