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Unused museum sold for nearly $1M
Updated: Monday, 03 Sep 2012, 11:18 AM EDT
Published : Monday, 03 Sep 2012, 11:16 AM EDT
AUBURN, Ind. (AP) - A classic car collector has bought an unused auto museum in northeastern Indiana that was put up for sale in a deal to keep open a neighboring military museum that faced foreclosure.
The building owned by the Dean Kruse Foundation in Auburn was sold during an auction Sunday for $995,000.
Buyer DeWayne Keiper of South Dakota tells WPTA-TV he has collector cars and memorabilia he plans to display at the museum and also use it as a sales showroom.
Money from the building's sale will go toward the $2.9 million the Kruse Foundation owes for what had been planned as a museum for the memorabilia of auto racing icon Andy Granatelli.
Kruse tells The Star of Auburn that he had hoped the building would sell for $1.5 million or more.
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