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Jewish History Museum’s $66 Million Property Valuation Upheld

April 7, 2021, 4:14 PM

The National Museum of American Jewish History’s property is worth $66 million and not the $10.5 million that the museum claimed, a federal district court ruled.

The ruling, which upholds a bankruptcy court’s decision, will require the museum to follow through on a Chapter 11 plan that reflects the higher valuation. The case stems from the museum’s conflict with its bondholders over the property’s valuation, which helps determine what creditors receive under the plan.

The bankruptcy court correctly found that the museum’s property should be appraised based on “the price a willing buyer in the debtor’s trade, business, or situation...

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