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Board Approves Debt Relief for Sports Museum
posted 3:05 pm Wed November 19, 2008
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ANNAPOLIS, Md. - The Maryland Board of Public Works has approved $440,000 in debt relief for the Sports Legends Museum at Camden Yards.
Mike Gibbbons, the museum's executive director, says the facility has been hindered by diminishing attendance at Baltimore Orioles (web|news) games. Gibbons says the nearby Babe Ruth Museum also could suffer without help.
Under the agreement, rent for the museum building will be reduced and the lease will be restructured from 21 years to 5 years, with an option to renew the lease for three additional five-year terms.
The museum opened in 2005 but has struggled to attract visitors.
Mike Gibbbons, the museum's executive director, says the facility has been hindered by diminishing attendance at Baltimore Orioles (web|news) games. Gibbons says the nearby Babe Ruth Museum also could suffer without help.
Under the agreement, rent for the museum building will be reduced and the lease will be restructured from 21 years to 5 years, with an option to renew the lease for three additional five-year terms.
The museum opened in 2005 but has struggled to attract visitors.
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