With a bankruptcy judge’s signature, the Chapter 11 exit plan for the Great Platte River Road Archway has canceled the 13-year-old museum’s promise to pay back more than $19 million worth of bonds that were used to construct it, the Wall Street Journal reported today. The pioneer-honoring museum—a 1,500-ton structure that sits atop beams that straddle Interstate 80—intends to pay back those investors a total of $50,000, according to the plan filed with the U.S. Bankruptcy Court in Lincoln, Neb. Officials said that the museum’s heavy debt burden made it tough to rally donations. If it managed to clear those debts through bankruptcy, they said that the attraction would be able to pay for its operations using donations and tickets sales.
