Museum staff announced in January that the Met was closing abruptly because of financial troubles.
The city owns the downtown building after putting up the $15 million to cover overruns after the museum's $28 million renovation went over budget.
A grand jury report says Fresno city leaders took unnecessary risks with taxpayer money by granting the now-defunct Fresno Metropolitan Museum a $15 million loan.
The report issued Tuesday says the city showed poor judgment in putting up the loan.
It found that city officials were so eager to approve the project they didn't follow policies requiring background checks on applicants seeking financial help.
Former City Council Member Brian Calhoun says despite the risks, the council made the right decision.
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Information from: The Fresno Bee, www.fresnobee.com
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/03/17/state/n152311D53.DTL&type=business
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