A reader writes to say that there’s a rumor going around town that the bankrupt YMCA is going to be sold to private interests. He included a copy of the original 1916 deed of gift from Rebecca Witherell who donated the land and built the present building. There’s a condition clause in that deed that implies that the building must be used as she intended, but I suspect a good lawyer could find a way around it.
So, is the rumour true? I’ve heard it myself and the Y is most definitely in serious trouble with its lenders. I’m aware of some work-out talks that would keep the Y the Y, but that doesn’t mean it will happen. Stay tuned.