Detroit Masonic Temple not facing bankruptcy representative says

**Zacha341** · July-04-13, 09:07 AM

Read more: http://www.myfoxdetroit.com/story/22...#ixzz2Y5N9OHRk

**Johnnny5** · July-04-13, 10:14 AM

Originally Posted by Zacha341

Read more: http://www.myfoxdetroit.com/story/22...#ixzz2Y5N9OHRk

I'd like to believe that, but considering the fact that they only avoided a tax foreclosure because of White's gift I would have to believe that they were/are teetering on the edge. I mean 140k should really be nothing for a venue that size and if they did not have the cash or the credit line to come up with that, they have some serious issues. If that's the case, it's only going to take one unexpected repair or other expense to put them over the edge.

**Wesley Mouch** · July-04-13, 12:50 PM

Originally Posted by Johnnny5

I'd like to believe that, but considering the fact that they only avoided a tax foreclosure because of White's gift I would have to believe that they were/are teetering on the edge. I mean 140k should really be nothing for a venue that size and if they did not have the cash or the credit line to come up with that, they have some serious issues. If that's the case, it's only going to take one unexpected repair or other expense to put them over the edge.

So they're close to the edge. That's not news. They've been there for a decade. And they've managed to survive so far. So why the doom and gloom?

The Masonic is a proven survivor, and I think they'll be just fine.