CULTURE American Jewish history museum seeks bankruptcy protection

CULTURE

American Jewish history museum seeks bankruptcy protection

AP

05:01, March 03, 2020

b5fa0643e5d743c1b637e1520ebfcebd.jpg

This is a Nov. 10, 2010, file photo showing the interior of The National Museum of American Jewish History in Philadelphia. (Photo: AP)

The National Museum of American Jewish History in Philadelphia filed for bankruptcy protection Monday, seeking relief from debt brought by construction efforts.

Phil Darivoff, chair of the museum’s board, told The Philadelphia Inquirer the museum has been carrying millions of dollars in debt since it opened its 100,000-square-foot location at Independence Mall in 2010. The $150 million terra cotta and glass facility replaced a small brick building about a block away.

The museum owes a little over $30 million to bondholders and about $500,000 to unsecured creditors, according to court documents.

“It is a weight on our shoulders that we have to get rid of,” Darivoff said.

Museum officials said the bankruptcy proceedings won’t affect museum operations or staffing.


Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue