Latest on National Slavery Museum reorganization plan

Posted at 5:46 PM, Apr 11, 2012
and last updated 2012-04-11 18:29:03-04

FREDERICKSBURG, Va. (WTVR) - If creditors agree to the reorganization plan for the U.S. National Slavery Museum, the plan could be approved by a federal bankruptcy court in June.

The decision was made during a status hearing in Richmond Wednesday afternoon.

The museum, which is the project of former Governor and Richmond Mayor Doug Wilder, was supposed to be built on a plot of land along Interstate 95 in Fredericksburg.

However, organizers were forced to declare bankruptcy last year because of nearly $7 million in debt.