Judge to review National Slavery Museum’s plan to get out of debt

Posted at 7:27 AM, Jun 27, 2012
and last updated 2012-06-27 07:27:55-04

RICHMOND, Va. (WTVR) –  A U.S. Bankruptcy judge is set to review a debt recovery plan for the National Slavery Museum at a confirmation hearing being held Wednesday.

The hearing will determine if the slavery museum can emerge from bankruptcy. Last week, an attorney for the museum submitted a revised plan that would help the project, headed up by former Governor Doug Wilder, get out of debt totaling more than $7 million.

According to court documents, the museum’s debt includes about $250,000 in back taxes owed to the City of Fredericksburg.

Part of the recovery plan proposes the sale of more than half of the 38 acres of land in Fredericksburg, where the museum was slated to be built.

Lawyers for the city are pushing for the judge to dismiss the proposal, calling it “unrealistic and remote”.