Birmingham City Council decided in 1995 to relocate the museum when it was given an opportunity by the Millennium Commission to construct a new building. The former museum closed in 1997, and Thinktank opened on 29 September 2001 as part of the £114-million Millennium Point complex. It was funded by Birmingham City Council, supported by the Millennium Commission. The area adjacent to the building is designated Eastside City Park. While many objects were put on display at Thinktank, others were stored at the Birmingham Museum Collection Centre, and some were brought out of storage.