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Group launches campaign to save imperiled Ozaukee YMCA in peril PDF Print E-mail
Written by KRISTYN HALBIG ZIEHM   
Wednesday, 20 August 2014 19:35

Keep the Feith organizers scramble to raise $1 million in time for Sept. 29 auction

    With a court-ordered auction set for Sept. 29, organizers of a Keep the Feith Family Ozaukee YMCA fundraising campaign are scrambling to raise $1 million to support the Kettle Moraine YMCA’s $2 million offer to purchase the facility.

    A bankruptcy court judge on Tuesday set forth procedures for the auction of both the Feith Family Ozaukee and the Waukesha YMCAs, with a closing date for the sales set for Oct. 15.

    The Keep the Feith campaign on Tuesday announced its first major gift, a $100,000 challenge grant from the Charter Manufacturing Co. Foundation.

    “That’s an incredible first gift,” said Rob Johnson, executive director of the Kettle Moraine YMCA, which has offered to buy the Saukville facility for $2 million.

    “Helping to save the YMCA 15 years after they invested in the Y the first time around shows the level of commitment they have to the community.”

    With the auction for the Feith Family YMCA set, Kettle Moraine has just more than a month to raise not just the $500,000 it pledged for the purchase — it will borrow the remaining $1.5 million — but a total of $1 million so it is in a position to try to outbid others seeking to buy the facility.

    Kettle Moraine’s $2 million offer will be the base price for the auction.

Last Updated on Wednesday, 20 August 2014 19:37
 
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