The Museum of Broadcast Communications was founded in 1982 but didn't open until June 1987 in the River City condominium complex, located at 800 S. Wells St. It remained there until June 1992, when it moved to the Chicago Cultural Center. The MBC then left the Cultural Center in December 2003, with plans to open in a new building of its own at 360 N. State St. in 2005. Subsequently, construction of the new MBC experienced various delays and setbacks, with construction stopping in 2006 and the half-completed building slated to be sold in December 2008, which MBC founder and president Bruce DuMont blamed on a lack of $6 million in state funding that had reportedly been promised to the museum three years earlier.