The construction of the synagogue was financed by public and private funding.
From the State of Saxony-Anhalt financial support in the amount of 4.200.000 €, from the State capital Magdeburg the building plot was donated. Thanks to numerous donations and sponsors, especially from the Evangelical Church District of Magdeburg - the "own contribution" of 600 000 €.
Together with the state of Saxony-Anhalt, they were also able to absorb the unavoidable price increases. As a result, the construction project on the now municipally-owned land could be realized by the Company "Toepel Bauunternehmung GmbH Magdeburg" be realized as a general contractor.
On September 14, 2022 was the ceremonial laying of the foundation stone under the patronage of Minister President Dr. Reiner Haseloff and with great public participation and nationwide media coverage.