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County staff say 5 Oaks Museum is facing cash shortfall and could close; building may revert to Portland Community College
Summary
Commissioners were briefed that 5 Oaks Museum’s pending loss of several grants has left it with insufficient cash flow; staff said the museum could close this month, and the building and collection have reversion rules under the existing agreement.
Commissioner discussion during the Feb. 4 work session included a staff update on the nonprofit 5 Oaks Museum’s financial condition and next steps if the museum closes.
Commissioner (name in transcript: Fye) said county staff had met with 5 Oaks board members and museum leadership to review finances. Marnie Kyle and Anne Ober were named as staff leads who had met with the museum board. County administrative staff later provided additional detail.
“5 Oaks is desperately low on cash flow and do not have a clear path forward to stabilize…
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