Reports: Ingram Helps Save Symphony Center - NewsChannel5.com | Nashville News, Weather & Sports

Reports: Ingram Helps Save Symphony Center

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NASHVILLE, Tenn. -- One of Nashville's most prominent citizens may have played a large part in saving the Schermerhorn Symphony Center from the auction block.

According to the Nashville Business Journal, businesswoman and philanthropist Martha Ingram is contributing to a settlement to save the center. The Nashville Symphony and its lenders are expected to close a deal Monday.

Mrs. Ingram has long played a prominent role with the Symphony and was the driving force behind the construction of the Schermerhorn back in 2005.

The Center is $80 million dollars in debt. It was announced Friday that it's creditors have agreed to restructure the organization's debt and avoid a foreclosure. 

 

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