YMCA of Milwaukee to Undergo Restructuring in Face of $30 Million Debt

The YMCA of Metropolitan Milwaukee is reportedly set to undergo a major restructuring that could include the closing of some of its branches. The restructuring is a result of the Y's $30 million debt.

The YMCA of Metropolitan Milwaukee is reportedly set to undergo a major restructuring that could include the closing of some of its branches.

The restructuring is a result of a $30 million debt the Y has incurred, the Milwaukee Journal Sentinel reported. The Y currently has 10 centers plus two camps. It operates a charter school that it is selling for $6 million, according to the newspaper.

"The alternative is to go out of business," Julie Tolan, who became president

Register to view the full article

Club Industry Freemium Content

This content is FREE to access as a registered user on ClubIndustry.com.


Why register for Clubindustry.com? It’s simple and free and here is a sample of what you get:
• The latest breaking news on club operators, manufacturers and vendors, including mergers and acquisitions and financial reports
• Insights from Club Industry editors
• Advice from industry experts on how to improve your business

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish