Andover Townsman, Andover, MA

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January 23, 2014

YMCA close to final OK

Planning Board approves $21M expansion

(Continued)

Ives said the YMCA will continue its fundraising efforts, which currently stand at $5.7 million. The Y has a goal of $7 million to complement its $14 million in financing.

Some of the funding is likely to come in the form of naming rights, he said.

“We have naming opportunities from $25,000 up to $3 million,” he said, noting that the whole facility could be named after an individual or an organization for the higher amount.

“The opportunity is there for individuals and organizations to leave a legacy with this historic project,” he said, adding that the YMCA will also be reaching out to a broad base for giving at “any level.”

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