The City of Greensboro will pay the final $250,000 of its loan to the International Civil Rights Museum. The city debated moving forward on this in a long session Thursday afternoon, despite concerns about the museum's finances.
The city council had the choice of letting the payment to the museum be made automatically or take action to stop it. In the end, they declined to take a vote and let the payment go forward.
According to the News and Record, City Attorney Tom Carruthers detailed for the first time publicly the museum's breach of its loan contract with the city. The breach of contract involved how the earlier loan payments were used.
Last month's review of the museum's 2014 audit raised a number of issues about the financial management of the museum. Among those, the museum has drained its operating reserve, and has no working capital and no contingency money.
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