- Associated Press - Wednesday, September 24, 2014

WILMINGTON, Del. (AP) - The Delaware Art Museum says its $19.8 million bond debt is set to be paid off.

The board of trustees said Wednesday that the debt, issued in 2003 to pay for the museum’s expansion, will be paid on Tuesday.

The trustees voted in March to sell up to four works of art to pay the debt. The News Journal of Wilmington reports (https://delonline.us/1vcyPkv) that the sale of two works, plus funds from the museum’s investment portfolio, helped make the debt payoff possible.

The museum has one of the most significant pre-Raphaelite collections outside of the United Kingdom.


Information from: The News Journal of Wilmington, Del., https://www.delawareonline.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide