AUBURN, Ind. (AP) — A classic car collector has bought an unused auto museum in northeastern Indiana that was put up for sale under an agreement to keep open a neighboring military museum that faced foreclosure.
The building owned by the Dean Kruse Foundation in Auburn was sold during an auction Sunday for $995,000.
Buyer DeWayne Keiper, a Sioux Falls, S.D., businessman, said he has numerous collector cars and much memorabilia he plans to display at the museum. He also plans to use the building as a sales showroom.
Money from the sale will go toward the $2.9 million the Kruse Foundation owes for what had been planned as a museum for the memorabilia of auto racing icon Andy Granatelli. He changed his mind about using the Auburn location.
"The location, it's really got a car feel that carries the whole theme with what I'm doing," Keiper told WPTA-TV of Fort Wayne. "There's a lot of synergies I think can be created with the museum. There's nine museums in the area so I think that will work out really well."
The building sale coincided with classic car auctions being held as part of the annual Auburn Cord Duesenberg Festival during Labor Day weekend.
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