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Beleaguered New Orleans African American Museum sued by creditors, including Whitney Plantation owne
Beleaguered New Orleans African American Museum sued by creditors, including Whitney Plantation ownerA group led by New Orleans attorney and real estate investor John Cummings has filed a lawsuit against the long-beleaguered New Orleans African American Museum of Art, History and Culture, contending that the Treme museum defaulted on a $1 million loan and has been allowed to fall into disrepair.
The museum at 1418 Gov. Nicholls St. has been closed since 2013 because of serious problems with its buildings.
New Orleans trumpet player Irvin Mayfield took out the loan in June 2016 while serving as president of the museum's board. The loan was made by First NBC Bank, the New Orleans-based bank that failed in April 2017.
In the aftermath of First NBC's collapse, the costliest failure of an American bank since the height of the 2008-10 financial crisis, federal banking regulators assumed control of nearly $1 billion of its loans.
Read more: https://www.theadvocate.com/new_orleans/news/article_400e5a36-8c64-11e8-822c-bbabfb343d6b.html
