Italian American Sports Hall of Fame, under financial cloud, to be sold

Jul 26, 2013 1427

By David Roeder and Fran Spielman


The National Italian American Sports Hall of Fame, operating under a financial cloud, is in line to be sold. Whether the deal assures the museum's future remains to be seen. Mayor Rahm Emanuel's administration has a part of the transaction, and its goal is to keep the place open.

The museum's pending sale was revealed in an ordinance that tears up a 1998 redevelopment agreement that included city-donated land for the museum at 1431 W. Taylor St. For a $375,000 payment to the city, the hall of fame will settle allegations that it never completed some required improvements to the property. It also will settle a complaint that it could never demonstrate it met standards for hiring minority and women contractors for its construction.

Read more

Source: http://www.suntimes.com

You may be interested