 The MBC opened in June 1987 inside the River City condominium complex at 800 S. Wells St. in Chicago, then relocated to the Chicago Cultural Center five years later, where it remained until December 2003.After eight and a half years of delays related to construction and financing, the MBC reopened in its new location at 360 N. State St. on June 13, 2012.In August 2016 DuMont announced that he planned to retire as the museum's president; however, according to the website Chicagoland Radio and Media, "Officially, DuMont is voluntarily retiring from the MBC, claiming the decision is entirely his own, although in reality, there is far more behind it," including alleged financial mismanagement and controversy surrounding his personal life.