The parking lot at Lincoln Street and East Colfax Avenue that Gov. Jared Polis envisions for a Medal of Honor museum. The area was photographed on June 7, 2019. (Jesse Paul, The Colorado Sun)

ARLINGTON, Texas — The Dallas area and Denver have been identified as the two finalists to become the new home for the $150 million National Medal of Honor Museum.

The National Medal of Honor Museum Foundation is expected to make a final decision by October.

The museum currently is located aboard the USS Yorktown in Mount Pleasant, South Carolina, but foundation member Pat Brady tells The Dallas Morning News that the foundation wants to move it onto land.

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A planning board last year rejected a design proposal for the museum along the waterfront in Mount Pleasant.

New York City, San Diego and Washington, D.C. were among the finalists before the foundation earlier this month narrowed it to Denver and Arlington, Texas, west of Dallas.

The museum honors more than 3,500 recipients of the nation’s highest award for valor.

Colorado Gov. Jared Polis is offering state land near the Capitol as a location for the museum. Polis said the museum would be “an iconic get for Colorado” and pointed to Pueblo as the home of the most Medal of Honor recipients per capita in the nation.

“We are proud of our military heritage here in Colorado and this is a way to carry that forward — and also be yet another downtown tourist attraction with a design of architectural merit,” Polis said earlier.

The Colorado Sun contributed to this report.