Geppi’s Entertainment Museum, founded in September 2006 by Diamond Comic Distributors CEO Steve Geppi, is more than $700,000 in debt.
Maryland’s Daily Record reports the Baltimore pop-culture museum has accrued about $622,500 in unpaid rent to the Maryland Stadium Authority, and owes more than $77,000 in late fees and unpaid electric bills dating back to February 2007.
According to the newspaper, the stadium authority has worked out an agreement with the museum so the outstanding rent will be paid off by the end of the year.
The museum, located in the upper floors of Camden Station, began having financial problems shortly after its high-profile opening. The Daily Record notes Geppi’s began missing rent payments two months after it opened, and a legislative audit of the stadium authority criticized some expenditures.
The 16,000-square-foot museum is home to several permanent exhibits, including displays of rare comics, early 20th-century collectibles, and a look at changing American pop culture in the ’60s.