CULTURALCENTER
PREPARED FOR
Bexar County Commissioners Court SAAACAM 3737 Broadway, Suite 300 San Antonio TX 78209 210.724.3350 | saaacam.org | admin@saaacam.org August 2026
WHY THIS PROJECT MATTERS TO BEXAR COUNTY HISTORIC PRESERVATION Nationally significant Kress-Grant Buildings African American Civil Rights landmark Adaptive reuse of an iconic downtown property ECONOMIC DEVELOPMENT 105 permanent jobs 185,000 annual visitors Boutique hotel Events and tourism EDUCATION Research library School partnerships Workforce development Future Preservationists Program COMMUNITY IMPACT Free and low-cost programming Cultural preservation Community gathering space Civic engagement The SAAACAM Cultural Center represents one of the few projects in Bexar County that simultaneously advances economic development, heritage tourism, education, and historic preservation. 2
PROJECT READINESS
3
FINANCIAL SNAPSHOT 185,000
105
$10.8 MILLION
12
$2.5 MILLION
$25 MILLION
Permanent Jobs
Projected Annual Visitors
Boutique Hotel Rooms
Projected Annual Operating Revenue
Projected Stabilized Operating Surplus (EBITDA)
Phase 1 Investment
CURRENT FUNDING STRATEGY SOURCE
STATUS
Bexar County
Initial Investment
City of San Antonio
Committed
Philanthropy
Active
Historic Tax Credits
Pending
Opportunity Zone
Eligible
2027 Bond Proposal
Pending
County partnership will leverage significant public and private investment while accelerating the completion of a transformational cultural asset for all Bexar County residents. 4
CURRENTFUNDERS
5
FIVE YEAR OPERATING PRO FORMA
This is a stabilized operating pro forma with the dollar amounts in thousands. REVENUE
Year 1
Visitors
Year 2 150,000
Year 3 170,000
Year 4 185,000
Year 5 195,000
205,000
Admissions
$ 1,280
$ 1,450
$ 1,575
$ 1,660
$ 1,745
Membership
$ 225
$ 330
$ 450
$ 540
$ 630
Museum Store
$ 180
$ 205
$ 225
$ 240
$ 255
Food & Beverage
$ 500
$ 550
$ 600
$ 650
$ 700
Boutique Hotel
$ 1,250
$ 1,450
$ 1,650
$ 1,775
$ 1,900
Events & Rentals
$ 3,200
$ 3,550
$ 3,900
$ 4,100
$ 4,300
Education & Research
$ 300
$ 375
$ 450
$ 500
$ 550
Sponsorships & Giving
$ 900
$ 1,000
$ 1,100
$ 1,200
$ 1,300
Grants
$ 850
$ 850
$ 850
$ 850
$ 850
Total Revenue
$ 8,685
$ 9,760
$ 10,800
$ 11,515
$ 12,230
OPERATING EXPENSES
Year 3 (Stabilized)
Personnel
$ 5,800
Operations
$ 1,150
Programming
$ 550
Marketing
$ 400
Administration
$ 350
Total Operating Expense
$ 8,250 6
CURRENT BOARD MEMBERS
7
NAME
OCCUPATION
ROLE
J Maurice Gibbs
Financial Advisor
Board President
Sallie Frederick
Retired Educator
Board Secretary
Tracy Watts
Alamo College District
Founding Board Member
Dr. Joseph Harrison
University of Phoenix
Board Member
Kedrick Wright
Construction Management
Board Member
Dr. Valarie White
Alamo College District
Board Member
Dr. Brandi Jones
Trinity University
Board Member
PROSPECTIVE BOARD MEMBERS Sector Finance Legal Tourism Hospitality Higher Education Corporate Construction Philanthropy
8