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Plan allows Childrens Museum to work-off Debt
A remedy is in the works for a debt owed by the Children’s Museum to the city of Lexington. The ‘Explorium’ owes the city about 194-thousand dollars. Lexington Finance Commissioner Bill Omara says the proposed remedy has the museum organizing 24 community events a year until the debt is paid off.
“We’re trying to come up with a work out where both parties are beneficial. We don’t want to erode their revenue generating events, so instead we’re talking about doing road show, if you will, projects that come to an already established parks and recreation event,” said Omara.
Lexington Vice Mayor Linda Gorton says it sounds like a workable solution. Gorton says the events could give the museum additional exposure.
“It would give the Explorium maybe some more high profile in the community, if their helping put on some of these events, which would be a good thing for them,” added Gorton.
As one example, Omara says the children’s museum could offer summertime activities at Jacobson Park. The city will also erase one fifth of the debt each year as these special museum events occur. Then, he says the debt could be worked-off within five years.