On Friday, September 23, the Detroit Science Center unexpectedly announced that it was closing for two weeks, from September 26 through October 12, with the threat of permanent closure. One hundred employees will be laid off.
The science center defaulted last year on a $5 million real estate loan taken out to finance an expansion in 2001, and its president, Kevin Prihod, quit his $205,000-a-year job last month. The institution posted an operating deficit of about $600,000 in 2009, the last year for which complete financial statements were issued. http://www.wsws.org/articles/2011/sep2011/scie-s27.shtml
The science center defaulted last year on a $5 million real estate loan taken out to finance an expansion in 2001, and its president, Kevin Prihod, quit his $205,000-a-year job last month. The institution posted an operating deficit of about $600,000 in 2009, the last year for which complete financial statements were issued. http://www.wsws.org/articles/2011/sep2011/scie-s27.shtml
