NEW: State Loans $5M to YMCA
Tuesday, July 26, 2011
The state has approved $5 million in tax-exempt bonds to the YMCA of Pawtucket, the Rhode Island Economic Development Corporation announced tonight.
The money will help fund the construction of a new year-round indoor facility at the YMCA’s MacColl field site in Lincoln. The loan will also result in 38 new jobs, according to a news release.
“The RIEDC is pleased to work with a local, community-based non-profit like the YMCA of Pawtucket to help finance a capital project that will expand much needed learning programs for children and teens and create nearly 40 new jobs,” said RIEDC Executive Director Keith Stokes.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTThe 51,800-square foot facility will host an after-school youth program and will have a teen rock climbing center, indoor swimming pool, gym, and fitness center.
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