4.27.2013

NEVERMIND: MASONIC PAYS $10K, FORECLOSURE AVERTED


Well, that was quick! After just a day's worth of intense media coverage, the Masons staved off foreclosure of the Masonic Temple, negotiating a payment plan and handing the county treasurer $10K, reports Crain's. Seems like a pretty good deal, considering their unpaid tax tab was at $152,000.

The agreement demands a second payment of $36,000 come June. It's unclear when the entire bill must be paid off, but keep in mind: the $152K is reportedly just two years of unpaid taxes and associated fees. Unless a few of the Masonic's 1,037 rooms are stuffed with cash, logic tells us the Temple needs to make some major changes if it's going to stay afloat.

Masonic Temple says it's reached agreement to avoid foreclosure [Crain's]

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