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Ozaukee YMCA saved from bankruptcy auction PDF Print E-mail
Written by KRISTYN HALBIG ZIEHM   
Wednesday, 24 September 2014 17:56

Lack of bidders, Save the Feith campaign pave way for Kettle Moraine Y to purchase Saukville facility

    The Feith Family Ozaukee YMCA in Saukville won’t be auctioned next week but instead will remain a YMCA.

    No qualified bidders registered with the bankruptcy court by Monday’s deadline, resulting in the cancellation of a planned Sept. 29 auction of the Feith YMCA.

    The bankruptcy court is expected to approve the Kettle Moraine YMCA’s $2 million offer for the Saukville facility on Tuesday, Sept. 30, and set a closing date for the purchase.

    “We are extremely excited,” said Rob Johnson, executive director of the Kettle Moraine YMCA in West Bend. “We’re pretty ecstatic. This was the first hurdle we had to jump. Not having to go to auction is a tremendous relief.”

    Johnson said he was surprised no one else registered as a bidder with the court, something YMCA officials feared would start a bidding war that could result in a private fitness facility buying the Saukville Y.

    “We heard so many rumors of adult-oriented fitness facilities that had expressed interest,” he said.

Last Updated on Wednesday, 24 September 2014 18:04
 
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