Elkhart RV and Motor Home Hall of Fame pays off one loan - Fox 28: South Bend, Elkhart IN News, Weather, Sports

Elkhart RV and Motor Home Hall of Fame pays off one loan

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The RV Hall of Fame in Elkhart was able to burn a bank note Tuesday. This means the hall of fame was able to pay off one of its three bank loans.

It was made possible with the help of private donors helping to raise $150,000...

which qualified the Hall for a single $50,000 donation.

The hall's president says people stepped us because they knew the money was being spent wisely.

"They certainly did not want to see it fail," said Hall of Fame President Darryl Searer. "But they also did not want to throw good money after bad.So now that its being run in a much more economical way and much more businesslike way they're stepping forward and saying we'll contribute."

The hall's current debt is now $2.6 million.

That's down from $5.5 million from just one year ago.

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