December 11, 2008

Copia museum closes

Photo from a very nice panorama available at Internet Tours.
The Copia museum in Napa Valley has filed for bankruptcy, mostly because they have $70 million in bonds to pay off and only about a third of the attendance that they had projected.  If you are a glutton for punishment, here is another more detailed analysis of the finances and specific issues.  

Sorry for all the bad news. On a happier note, it looks like the Mark Twain House will pull through after national publicity about their overly-optimistic projections and cost overruns on their new building.  Here is an update.  I spoke with someone familiar with their situation yesterday and it looks like the publicity has helped them to attract additional support.

No comments: