University of Hawaii Foundation closes on purchase of YMCA property for $8M (£6.21M)
The University of Hawaii Foundation has closed on its purchase of the YMCA of Honolulu Atherton property for $8 million (£6.21 million) and plans to spend another $5 million (£3.88 million) upgrading the property.
The YMCA Atherton branch will move to space in the Queen Liliuokalani Center for Student Services building on the University of Hawaii at Manoa across from the street in order to maintain a presence in the community, the UH Foundation and the YMCA said in a joint statement.
“Having a location on the UH Manoa campus will allow the continuation and expansion of the Atherton YMCA’s programs and mission work focused on youth development, leadership and community service,” Michael Broderick, president and CEO of the YMCA of Honolulu, said in the statement. “This was an important factor in our decision to accept the offer from the University of Hawaii Foundation.”