lab: The Board of Directors of the Tecumseh Recreation and Wellness Center regretfully announces that the Center was unable to raise enough funds to pay off its debt and resume operations. The fundraising shortfall combined with a drastic decline in membership has made our efforts to reopen the facility as the Tecumseh Recreation and Wellness Center financially unsustainable. Since the board was unable raise enough funds to reach an agreement with PNC Bank, it will not attempt to collect the pledges made to the Save the Y campaign. The board sincerely thanks everyone in the community who pledged support for the campaign.
The board is currently working with PNC Bank and the Turner Foundation to find a buyer for the facility who will continue many of the services the community has come to expect.
PNC Bank went to extraordinary lengths to negotiate a fair resolution to save the Center and help the New Carlisle community. But due to the severe economic downturn, the necessary financial resources were not available to allow the Tecumseh Recreation and Wellness Center to reopen as a viable, self-sustaining institution with a strong financial foundation. The board wishes to thank PNC Bank and the Turner Foundation for their tireless efforts to come to a financial resolution that would have allowed the center to continue.
The board deeply regrets that it was forced to make the decision to close this facility, which has served the residents of western Clark County and the surrounding area for the past 30 years. The board commends the outstanding staff of the Tecumseh Recreation and Wellness Center for their selfless dedication to saving this facility and for their unfaltering support through the years. The board of directors sincerely thanks PNC, the Turner Foundation and everyone in the community who supported the Save the Y campaign and for their valiant efforts to preserve this valuable community resource.