March 13, 2015
On Thursday, March 12, 2015, the board of directors of the Nau Center for Texas Cultural Heritage, after consultation with Houston First and the City of Houston decided that this is not the right time for the Center to begin construction.
“We knew it would be challenging when we set out to build a state-of-the-art destination on a highly accelerated timeline. Skyrocketing construction costs and the challenge of raising $80 million within a short period simply made the project difficult to begin at this time. I believe this is the right decision for the Nau Center Foundation, the City of Houston and Houston First,” said John L. Nau, III, chairman of the board and lead donor for the project.
“John Nau, the Nau Center board and Houston First have worked very hard on this project. We all agree that it is time to hit the pause button. When the time is right, we will reconvene and determine how and when to move forward,” stated Mayor Annise Parker.
“On behalf of the board, I want to say thank you to our donors whose generous donations will be returned in full. Our thanks also to the many people who have expressed their interest and enthusiasm for the project,” Nau continued. “On a more personal note, I continue to believe the idea of a cultural heritage center for our community is a great idea, however it simply is not the right time. Residents, visitors and students of our city and region merit a destination that highlights the many great cultural and heritage assets of southeast Texas.”