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Deal reached to keep museum open
Updated: Friday, 31 Aug 2012, 9:02 AM EDT
Published : Friday, 31 Aug 2012, 9:02 AM EDT
AUBURN, Ind. (AP) - A military museum in northeastern Indiana will remain open under an agreement to end a bank's foreclosure lawsuit.
The deal announced Thursday by the Dean V. Kruse Foundation calls for it to sell the unused building on which it owes $2.9 million to Farmers State Bank of LaGrange. The foundation built it to house the memorabilia of auto racing icon Andy Granatelli who changed his mind about using the Auburn location.
The Star of Auburn and The Journal Gazette report that a DeKalb County judge had ordered the sale of the Kruse Foundation museums site, which includes the National Military History Center.
The Granatelli building will be auctioned off Sunday and some military museum items will be sold in November to help pay off the loan.
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