New Sheboygan museum owes $300k in unpaid mortgage
SHEBOYGAN, Wis. (AP) - The Military Heritage Museum and Education Center is having financial difficulties, owing more than $334,000 to a bank.
Sheboygan Press Media reports that court records indicate the museum currently owes Bank First National a principal sum of $316,728 in unpaid mortgage since April 2, plus more than $17,300 in interest and other fees.
The museum had its grand opening in August of last year. Bank First National's attorney filed the motion for foreclosure in June.
The museum's executive director, Larry Hinkelman, said Saturday they had "some personnel setbacks" and someone was "supposed to be raising money and it just wasn't happening."
He says they are looking for a new developmental director to help fundraise. He says he's confident they will be able to stay afloat.
Another hearing is scheduled for Monday in Sheboygan County.