By David Roeder and Fran Spielman

The National Italian American Sports Hall of Fame, operating under a financial cloud, is in line to be sold. Whether the deal assures the museum's future remains to be seen. Mayor Rahm Emanuel's administration has a part of the transaction, and its goal is to keep the place open.

The museum's pending sale was revealed in an ordinance that tears up a 1998 redevelopment agreement that included city-donated land for the museum at 1431 W. Taylor St. For a $375,000 payment to the city, the hall of fame will settle allegations that it never completed some required improvements to the property. It also will settle a complaint that it could never demonstrate it met standards for hiring minority and women contractors for its construction.

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Source: http://www.suntimes.com