Kruse Foundation Pays Off $2.9 Million debt

By Ian Hoover- (21Alive)

Kruse Foundation Pays Off $2.9 Million debt

November 9, 2013 Updated Nov 10, 2013 at 10:17 AM EDT

AUBURN, Ind (21Alive) -- The Dean V. Kruse Foundation has announced that is has paid off a $2.9 million debt to the Farmer's State Bank of LaGrange, Indiana. The foundation owns and operates the Kruse Museum in Auburn, Indiana, which is one of the largest WWII museums in the country.

The $2.9 million was borrowed for the building costs of the intended Andy Granatelli Racing Museum and Hall of Fame. The facility has never been occupied since the plans for the racing museum were cancelled. The Kruse Foundation is now looking to either sell the vacant facility or find a tenant.

In concurrence with this announcement, the Kruse Foundation has also named Christin Loomis as the new operations director. The Foundation says that Ms. Loomis is looking to have programs booked every weekend in 2014 and also plans to keep a community focus on the museum.




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