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| Douglas Wilder |
More about the proposed museum: "Wilder, the museum’s chairman, filed for Chapter 11 bankruptcy for the museum in September. Documents show the museum has about $7 million in debts and no cash, its only real asset the land at Celebrate Virginia. That land was donated to the museum and assessed at about $7.6 million, but the city of Fredericksburg is preparing to auction it off to pay back taxes of about $300,000 that the museum hasn’t paid. No actual museum has ever been built on the land in Fredericksburg. The museum’s ability to solicit charitable donations expired, and Wilder earlier this year said the recession had made fundraising difficult."
