Directors of McMinnville’s Evergreen Aviation & Space Museum were surprised by the timing of last week’s bankruptcy filing by Evergreen Vintage Aircraft, a for-profit entity that owns about 25 of the aircraft on display at the museum.
Even so, the museum is operating on a “sustainable” basis and expects to continue to do so, its attorney said Tuesday.
“We’re going through what could be a very positive and significant transition,” said Salem lawyer and former legislator Kevin Mannix, one of the museum’s two lead attorneys. Mannix said the museum’s board has been thinned from about 30 members to about 15 members who met for three hours Monday in the wake of Evergreen Vintage’s Chapter 11 filing. They discussed a range of issues related to the museum’s operation, including its tax-exempt status and the bankruptcy filing.
For the complete story by Mike Francis of OregonLive.com, click here.