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Sit-in museum in Greensboro owes $933k in loan repayment by 2018, city says

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File photo: Marchers commemorate the sit-in movement by walking from the Greensboro Four monument on N.C. A&T’s campus to the International Civil Rights Center & Museum, where four A&T students sat at the whites-only lunch counter in 1960. (News & Record)

GREENSBORO, N.C. — The sit-in museum owes local taxpayers $933,155, according to the city’s review of $1.5 million in “forgivable” loans to keep the museum afloat, according to the Greensboro News & Record.

The news complicates the already fragile finances of the International Civil Rights Center & Museum, which has until Friday to come up with a payment plan.

On June 24, City Manager Jim Westmoreland and Mayor Nancy Vaughan sent a memo to museum officials — a bill, of sorts, that spells out the principal and interest the museum owes taxpayers.

City auditors found $612,510 in donations that count toward the $1.5 million “forgivable” loan, Westmoreland and Vaughan wrote.

But that leaves the museum with a balance of $933,155, they wrote. The money is due in three installments through February 2018.

Read full story: The Greensboro News & Record