BURLINGTON, Vt. (AP) - Leaders of the Greater Burlington YMCA say the organization has a tentative agreement to sell its building, putting it closer to plans for a new $22 million facility nearby.
YMCA’s president and CEO Kyle Dodson tells the Burlington Free Press (https://bfpne.ws/2f0ts5P ) that the YMCA has signed an agreement to sell the building to Frank von Turkovich, a Montpelier developer and lawyer.
Dodson says the variables on both sides are pretty substantial.
Von Turkovich didn’t return a call seeking comment.
Dodson says the YMCA has to raise money to build a new facility at the site of the former Ethan Allen Club.
He says about $15 million would come from donors, $4 million to $5 million from federal tax credits, and about $2 million from the sale of the existing building.
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