Space & Rocket Center refinances existing debt – WAFF-TV: News, Weather and Sports for Huntsville, AL

Space & Rocket Center refinances existing debt – WAFF-TV: News, Weather and Sports for Huntsville, AL.

 

This is really awesome news.  I think I’ve shown my love of the Space & Rocket Center lately, and the fact that they have managed to reduce the debt so much is awesome.  And that they’ve finally managed to zero their line of credit, also awesome.

I mentioned a past CEO that really screwed them over.  Included in that was the building of a Saturn V replica while a real Saturn V rotted in the back of the property, and he swore he had a corporation set up to put every kid in Madison County through Space Camp.  Except, he didn’t.  He was fired and ordered to repay $200,000 that he never did.  Later, he was arrested for unrelated dealings in Texas.  But ever since he was fired, the finances of the center have been shaky.  Good to see it bouncing back into shape.

 

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