Kearney Arch bankruptcy plan wins approval; attraction may remain open
The Kearney Arch opened with great fanfare in 2000 as a unique monument to the role played by the Platte River Valley in the settlement of the West.
Posted: Wednesday, September 18, 2013 12:00 am
KEARNEY, Neb. — The Great Platte River Road Archway Monument won approval for a bankruptcy plan Wednesday that might allow the struggling attraction to remain open.
U.S. Bankruptcy Judge Thomas Saladino ordered the Archway Foundation to pay $100,000 to settle the claims of bond holders and unsecured creditors. The money to cover the payments will come mostly from pledges made by supporters of the transportation museum that spans Interstate 80 southeast of Kearney.
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Wednesday, September 18, 2013 12:00 am.