Shuttered Detroit Science Center becomes 'Michigan Science Center'
The former Detroit Science Center closed its doors in September of 2011. Earlier this year, there were reports that the Center could be liquidated so that creditors could recoup some of their losses.
$10 million was sought at the time to cover debts and operating expenses.
Today, the Center has a new name "The Michigan Science Center," and the new owners are expected to announce plans for reopening today.
The Detroit News reports the Center was rescued in July:
At a public auction in July, a former chairman of the Michigan Republican Party, Ron Weiser, agreed to buy the land, building and its contents from Citizens Bank.
In the deal, Weiser would sell the land, building and contents to the newly constituted science center for what he paid Citizens — substantially less than the total debt owed the bank — and absorb associated legal costs.
His conditions required that the science center be debt-free, that it raise money to reopen and operate and expand its educational mission.
The center's fundraisers have a $5 million goal.
The News reports the Center has received contributions from from the GM Foundation, Lear Corp., ITC Holdings, the Manoogian Fund, the DTE Energy Foundation and the Penske Corp., and the Toyota Technical Center.
The Michigan Science Center is hiring. Those interested in applying for positions can go to the Science Center's website.