Saturday, March 04, 2006

Cultural Center in the News

Over the past month, the Cultural Center has been the subject of several newspaper articles relating to its financial situation. Only recently have priests and laity in Detroit learned that the Archdiocese has loaned the Center $40 million, and that the Center is in a severe financial crisis. These are the articles to date:

Financially strapped archdiocese subsidizes troubled center
National Catholic Reporter - February 3, 2006 (Issue date February 10, 2006)

Maida letter details D.C. site debt
Detroit Free Press - February 4, 2006

D.C. Papal Museum Struggles For Financial Foothold, Focus
Washington Post - Sunday, February 12, 2006

Maida says JPII Center received $40 million from Detroit
National Catholic Reporter - February 17, 2006

Detroit archdiocese investment goes sour
Detroit News - February 19, 2006

D.C. Catholic center falling shy of vision

Chicago Tribune - February 20, 2006

How can Maida salvage his $75-million gamble?
Detroit Free Press - February 25, 2006

Of Business Practices and Accountability - Editorial
National Catholic Reporter - March 3, 2006


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