From 1969 to 1988, the original campus was a high-security storage facility operated by the
Federal Reserve Board, referred to colloquially as "Mt. Pony". With the approval of the
United States Congress in 1997, it was purchased by the
David and Lucile Packard Foundation from the
Federal Reserve Bank of Richmond via a $5.5 million grant, done on behalf of the
Library of Congress. With a further $150 million from the
Packard Humanities Institute and $82.1 million from Congress, the facility was transformed into the National Audio-Visual Conservation Center, which completed construction in mid-2007, and after transfer of the bulk of archives, opened for free public movie screenings on most weekends in the fall 2008. The campus offered, for the first time, a single site to store all 6.3 million pieces of the Library's movie, television, and sound collection. Technically, the Packard Campus (PCAVC) is just the largest part of the whole National Audio-Visual Conservation Center (NAVCC), which also consists of the Library of Congress's Motion Picture and Television Division and Recorded Sound Division reference centers on
Capitol Hill, the
Mary Pickford Theater, and any other Library of Congress audio-visual storage facilities that remain outside the Packard Campus. The PCAVC design, named Best of 2007 by
Mid-Atlantic Construction Magazine, involved upgrading the existing bunker and creating an entirely new, below-ground entry building that also includes a large screening room, office space and research facilities. Designers BAR Architects, project-architect
SmithGroup and landscape designers SWA Group, along with DPR Construction, Inc., collaborated in what is now the largest green-roofed commercial facility in the eastern United States, blending into the surrounding environment and ecosystem. ==Federal Reserve bunker==