Civic San Diego Closes $23 Million Deal for New YMCA Facility in City Heights
Funds will help finance construction of a state-of-the-art family-oriented facility
SAN DIEGO — Last week, Civic San Diego provided funding through a New Market Tax Credit loan to the YMCA of San Diego County, for the construction of a new, state-of-the-art YMCA facility in City Heights.
Civic San Diego was able to combine this funding with state and federal grants and charitable contributions previously raised by the YMCA, including Price Charities’ donation of the land, to make the long-planned project a reality. The sheer number of funding sources demonstrates the challenges in financing a community facility in a low-income neighborhood.
The new Copley-Price Family YMCA, at the corner of Fairmount Avenue and El Cajon Boulevard, will be an important addition to the City Heights community. The 53,000-square-foot facility will feature an aquatics center, a fitness center, group exercise studios, a teen center, a gymnasium, a soccer arena, a computer lab, a child-care center, a demonstration kitchen as well as a community meeting room.
“This is a fantastic example of how multiple groups can collaborate to create benefit in San Diego’s most underserved communities,” said Interim Mayor Todd Gloria. “I applaud the effort by all parties that made this project come together.”
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CivicSD is the public, nonprofit corporation created by the City of San Diego in 1975 to staff, plan and implement downtown’s redevelopment on behalf of the City of San Diego. CivicSD offices are located in the Wells Fargo Plaza Building, 401 B Street, Suite 400, in downtown San Diego.
Last modified: March 23, 2017