The McMinnville, Oregon, museum housing Howard Hughes’ mammoth H-4 Hercules (better known as the “Spruce Goose”) is facing financial scrutiny, and the ownership of the historic airplane is in question. The Evergreen Aviation & Space Museum is backed by Evergreen International Airlines founder Delford Smith, 83, and along with some of Smith’s other business entities, the cargo carrier is facing financial difficulty. According to reports in the Oregon Live online news source, creditors are trying to force Evergreen International Airlines into Chapter 7 bankruptcy, and the Oregon Department of Justice is investigating whether or not funds from Smith’s businesses have been illegally comingled with museum financing.
Though the popular belief is that the museum bought the Spruce Goose for $1, apparently Smith agreed to pay its previous owner $500,000 over 20 years, plus a share of the museum profits. An attorney for the Aero Club of Southern California claims the museum still owes $50,000. Museum director Larry Wood told reporters he was unaware of the debt, and Smith himself said in a telephone interview, “I had no idea that they felt we still owed them money. I thought we were free and clear on [the Spruce Goose].”
