"...“I have yet to hear from five people who support writing a check for $1.5 million and letting the museum continue being run the way it has been,” said Councilman Zack Matheny.
...Councilwoman Nancy Hoffmann expressed concern the museum’s request veered unexpectedly to a straight-up grant from an initial request for help launching a program to bring more school children to the museum as part of a new curriculum.
She could not vote for the $1.5 million request as now structured, Hoffmann said.
“Until a viable plan is in place for how the museum is going to operate without a negative cash flow, then you’re just throwing good money after bad,” she said.
...“They seem to think they know how to run a museum and I would question that based on the situation they’re in today,” said Councilwoman Nancy Vaughan, who is challenging Mayor Robbie Perkins in this fall’s municipal elections.
...Perkins said that he, like other council members, seeks a new way of facing the museum’s financial challenges that would not leave the city as “funder of last resort,” but as a partner in making the project sustainable for the long haul.
He hopes to host a meeting in the next week between city officials, museum leaders and the private investors who put money into the project four years ago to reap tax breaks associated with such investments.
“The folks that have the most to lose need to be at the table,” Perkins said of the investors, who provided more than $20 million needed to complete the restoration in time for its Feb. 1, 2010 grand opening — on the sit-ins’ 50th anniversary."
Taft
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What Taft didn't bother to mention, is my proposal to let the museum go under, let the investors and the banks take the hit, leaving behind an debt and Alston free venue;
From the City of Greensboro's Internal Audit Division; Civil Rights Museum Financial Review
http://hartzman.blogspot.com/2013/07/from-city-of-greensboros-internal-audit.html
A BB&T, wealthy investor and Carolina Bank bailout for Skip Alston's Civil Rights Museum and the Simpkins PAC
http://hartzman.blogspot.com/2013/07/a-bb-and-wealthy-investor-bailout-for.html
How Greensboro, North Carolina Works; Skip Alston, Robbie Perkins, Roy Carroll, Renaissance Center, Simkins PAC, BB&T Edition
http://hartzman.blogspot.com/2013/06/how-greensboro-north-carolina-works.html
The International Civil Rights Museum's 2011 IRS tax form 990 and what looks like a bailout for BB&T and wealthy investors, with what looks like some pretty important unanswered questions
http://hartzman.blogspot.com/2013/05/in-international-civil-rights-museums.html
1 comment:
This whole sordid mess is going to be in the next issue of the Free Press. I'll let you know when it goes online since we don't currently distribute the paper in Greensboro. Hopefully that will change in a few months if we can get more advertisers on board.
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