CLC YMCA FREQUENTLY ASKED QUESTIONS
Q. WHAT DID THE MOST RECENT CAPITAL CAMPAIGN COMPLETED IN APRIL OF 2018 INCLUDE?
Details can be found in the Lincoln County News insert - however, in short, the project included a new, beautiful welcome center and lobby area, multigen and conference spaces, new Pre-K classroom, FARMS at the Y kitchen and raised beds, TRX and Cycling Center, expanded Healthy Living Center with new equipment, new locker rooms, raised track, town water and sewer, air exchange, parking, and so much more! Check out photos below.
Q. WHAT ARE THE CURRENT FINANCIAL PRIORITIES FOR THE Y?
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Recover financially from the impact of the pandemic.
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Pay down a portion of existing debt through operations and fund development.
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Address necessary building improvements at the child care facility.
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Build an endowment to ensure the sustainability of what we have invested in for the future.
Q: WHAT ABOUT AN AQUATIC FACILITY?
Until the current financial priorities are met (see above) we will not actively fundraise for an aquatic facility. First and foremost, we must take care of what has been updated and invested in.
Q: WHEN WILL AN AQUATIC FACILITY HAPPEN?
When we sustain what we've invested in and when the funds required to build and sustain an Aquatic Facility are raised.
Q: HOW MUCH IS AN AQUATIC FACILITY (INCLUDING THE FAMILY LOCKER ROOM, CORRIDOR, & ENDOWMENT TO SUSTAIN IT) GOING TO COST?
As of 2018 estimates, an aquatic facility would cost a total of $7.5M.
$4M is for the project construction (a number that will fluctuate over time) and $3.5M for an endowment to ensure sustainability upon the opening of the aquatic facility. Pools lose approximately $150,000 annually to operate, regardless of the programming taking place, so in order to account for this anticipated and expected loss, it is imperative we include an endowment in the funds raised for the aquatic facility.
Donor gifts that were gifted to the pool specifically are being held in a fund for the Aquatic Facility.
