KEARNEY (AP) — The Great Platte River Road Archway has filed for Chapter 11 bankruptcy protection so its finances can be reorganized.
Wednesday’s filing in U.S. Bankruptcy Court in Omaha said the tourist attraction owes more than $20 million to bondholders and other debtors. The filing will let the archway remain open and pay 10 staff members while the financial problems are addressed.
“We had a conversation with the bond managers about two months ago and told them we were at the end of the line,” said Joel Johnson, who leads the archway foundation’s board of directors.
The archway was built a...
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