The interior of The National Museum of American Jewish History in Philadelphia, on November 10, 2010. (AP Photo/Matt Rourke, File)
PHILADELPHIA, Pennsylvania — The National Museum of American Jewish History in Philadelphia filed for bankruptcy protection Monday.
It is seeking relief from debt brought by construction efforts.
Phil Darivoff, chair of the museum’s board, told The Philadelphia Inquirer that the museum has been carrying millions of dollars in debt since it opened its 100,000-square-foot location at Independence Mall in 2010.
The $150 million terra cotta and glass facility replaced a small brick building about a block away.
An exterior view of the National Museum of American Jewish History in Philadelphia, on November 9, 2020. (Charles Fox/The Philadelphia Inquirer via AP)
The museum owes a little over $30 million to bondholders and about $500,000 to unsecured creditors, according to court documents.
Get The Times of Israel's Daily Editionby email and never miss our top stories
“It is a weight on our shoulders that we have to get rid of,” Darivoff said.
Museum officials said the bankruptcy proceedings will not affect museum operations or staffing.
Advertisement
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you, David Horovitz, Founding Editor of The Times of Israel