Museum quietly slid into insolvency; 5 years of lax oversight, mismanagement were kept out of public eye

From: The Milwaukee Journal Sentinel | Date: May 29, 2005| Author: DAVE UMHOEFER and AVRUM D. LANK | Copyright information

On March 11, leaders of the Milwaukee Public Museum were forced to turn their attention from dead pharaohs to live bankers.

Still basking in the glow of the wildly popular Egyptian "Quest for Immortality" traveling exhibit, which officials hoped would help catapult the museum into the nation's elite, the museum faced the need for $1 million to make a scheduled bond payment.

It didn't have the money.

A solution was found, however. M&I Bank, whose president is on the mus...

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