End of a Run
Walter P. Chrysler Museum to Close
Larry Jewett - December 05, 2012 03:15 PM
Reports from the Detroit area say the Walter P. Chrysler Museum will close its doors to the public at the end of December. The Auburn Hills, Michigan, facility has reportedly lost money in the past two years and the closing is blamed on poor economies.
The three-story, 55,000 square foot museum opened in 1999. As Chrysler faced bankruptcy in 2007, the museum was operated by a 501 (c) (3) non-profit. Chrysler leased the building to the museum group, which operated independent of the company. The museum showed income exceeding expenses in 2008 and 2009, but the trend has reversed.
Chrysler will reportedly purchase the assets within the museum, which include 67 vehicles and special exhibits. This step was taken to prevent the collection from being fragmented in public sale. The museum will be closed and the building will be used only during special events.
The Walter P. Chrysler Museum Foundation will merge with the Chrysler Foundation.