Black People : National Slavery Museum files for bankruptcy with debts of $3million after being dogged by years of

RAPTOR

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....$3million after being dogged by years of controversy


By LAURIE WHITWELL
Last updated at 4:19 PM on 23rd September 2011

The blighted U.S. National Slavery Museum, founded by former Virginia governor Doug Wilder and with a board including actor Bill Cosby, has filed for bankruptcy.

According to court documents filed in U.S. Federal Court, the museum which was to be built in Fredericksburg, Virginia, owes nine creditors across the country more than $3million.

In the filing, the museum indicated that after bankruptcy proceedings, no funds would be available to creditors, the Richmond Times-Dispatch reported.

The project now appears rudderless, with no one stepping forward to comment, and the city's treasurer doubts it will even happen.

In July, Fredericksburg ordered Mr Wilder, the first African American to be elected governor of the state, to hand over more than $215,000 after the museum stopped paying taxes on the property more than a year ago.

Fredericksburg's Treasurer Jim Haney said the city gave the museum 30 days to pay the bill under threat of selling the property. It was not met, Mr Haney said, so the city listed the land, 38 acres along the Rappahannock River, for sale in August.

Read more: http://www.dailymail.co.uk/news/article-2041058/National-Slavery-Museum-Virginia-files-bankruptcy-debts-3m.html#ixzz1Yp5djjlK
 

Ankhur

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for a people that spent a trillion dollars last year, what does that tell you?
 

Proverbs31Woman

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....$3million after being dogged by years of controversy

By LAURIE WHITWELL
Last updated at 4:19 PM on 23rd September 2011

The blighted U.S. National Slavery Museum, founded by former Virginia governor Doug Wilder and with a board including actor Bill Cosby, has filed for bankruptcy.

According to court documents filed in U.S. Federal Court, the museum which was to be built in Fredericksburg, Virginia, owes nine creditors across the country more than $3million.

In the filing, the museum indicated that after bankruptcy proceedings, no funds would be available to creditors, the Richmond Times-Dispatch reported.

The project now appears rudderless, with no one stepping forward to comment, and the city's treasurer doubts it will even happen.

In July, Fredericksburg ordered Mr Wilder, the first African American to be elected governor of the state, to hand over more than $215,000 after the museum stopped paying taxes on the property more than a year ago.

Fredericksburg's Treasurer Jim Haney said the city gave the museum 30 days to pay the bill under threat of selling the property. It was not met, Mr Haney said, so the city listed the land, 38 acres along the Rappahannock River, for sale in August.

Read more: [URL='http://www.dailymail.co.uk/news/article-2041058/National-Slavery-Museum-Virginia-files-bankruptcy-debts-3m.html#ixzz1Yp5djjlK[/quote']http://www.dailymail.co.uk/news/article-2041058/National-Slavery-Museum-Virginia-files-bankruptcy-debts-3m.html#ixzz1Yp5djjlK[/URL]

What's interesting about this story is that no one is stepping up to explain away where the dollars went. Considering that it's tied to the state's governor raises my brow. Is this a power struggle, shady business on the contractor's part...the guesses can go on.
 

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