Concept and development Founder Philip Schwalb Schwalb and co-founder Sameer Ahuja raised $93 million over a three-year period to finance the museum, which included the aforementioned $57 million in Liberty bonds, as well as $36 million in private funds.
Opening ceremonies Nearly 100 hall of fame athletes attended the May 7, 2008, opening, with speakers including New York City Mayor
Michael Bloomberg,
Billie Jean King (speaking on behalf of the
Women's Sports Foundation),
Tony Dorsett (speaking on behalf of the Heisman Trophy), and
New York Giants Super Bowl-winning quarterback,
Eli Manning.
Challenges Although it received some recognition, including
Nickelodeon's Parents' Pick Award for best museum in New York City for children, the museum failed to meet its projected attendance. Pre-opening projections were that one million people would visit during the first year; fewer than 125,000 actually attended. Surveys indicated that 95% of New Yorkers were unaware of its existence. In March 2009, Schwab offered to sell the museum's collection for $5 million.
HP Newquist, founder of the
National Guitar Museum — which has no permanent location — specifically cited the Sports Museum's poor showing in his decision not to locate the National Guitar Museum in New York. ==Partners==