I received this from MAC today, and it is wonderful news. They have managed to eliminate a whopping $6.2 million dollars in debt through several actions, including acceleration of a pledge payment by Beth Ann Morean, a discount on a loan by Dale Chilhuly, another accelerated donor pledge.
This is great news, bringing much longed-for increased financial stability and a viable future for the MAC. Congratulations to everyone at the MAC for pulling off this mission impossible move.
Ps. The MAC is having a public meeting on Sept 20th.