(Detroit) – After years of mismanagement and decline, the Detroit Science Center closed their doors last September. Until now, the future of this venerable institution was unknown. Enter Ron Weiser, former chairman of the Republican Party and savior of the science center.
Mr. Weiser recently reached a deal with Citizens Bank to acquire the building and everything in it, and has formed a new entity called the Michigan Science Center to manage it. Details were not released, although Citizens Bank holds a $6.2 million mortgage on the facility.
The Detroit Science Center will remain as a separate non-profit entity, while the Michigan Science Center will hire new staff and be governed by a new board of directors to run the facility in a profitable manner.
If the Science Center had gone to auction it would have been lost forever, so this is a huge win for the children of Metro Detroit. An estimated 150,000 students are among the 300,000 visitors that pass through the Science Center every year. Losing the Science Center would have been particularly embarrassing for this region considering we have the highest per capita rate of engineers in the country.
Part of the new agreement ensures that the science center will have to run with a clean balance sheet, and focus on educational outreach programs.