NY's Sports Museum of America Shuts Down

Back in mid-December of last year, we briefly reported on the Sports Museum of America‘s financial woes, with the organization instituting layoffs and only opening during peak hours. Unfortunately, their efforts weren’t enough to save the nine month old museum and they have closed their doors for good. This, we believe, is the first major for-profit museum to go under, following the financial collapse of late last year. Here’s a bit:

Founder and Chief Executive Philip Schwalb is reported to be seeking a buyer and may be forced to liquidate if none is found.

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