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Duluth Wants Ripley to Run Aquarium Long-Term

DULUTH, MN-The city is planning to erase more than $4 million in bond debt owed by the Great Lakes Aquarium, located here. The move is necessary to sign Ripley Entertainment as the long-term manager of the attraction, which recently went bankrupt.

By Jim McCartney | Updated on March 19, 2004

DULUTH, MN-The Duluth City Council is expected to erase about $4.4 million in Duluth Economic Development Authority bond debt. The council also is being asked to remove the development authority from any future claim on aquarium profits or involvement in the attraction.

Aquarium board members say removing the construction debt and signing a new long-term management contract with Ripley Entertainment Inc. should bring a level of stability to the attraction. In the four years since it opened, the aquarium has had to lay off staff and take out loans to stay afloat. It finally went broke, prompting the city to take it over.

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