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Old Colony Y To Purchase Stoughton Building With $4.6M Bond

Jun 2, 2011 | Reprints | Unlock Link | Print

The Old Colony YMCA will purchase it’s previously leased facility in Stoughton thanks to a $4.6 million tax-exempt MassDevelopment bond.

The Old Colony Y has leased the building since March 2009 for its fitness programs and family services, according to a statement. The transaction represents the third bond deal between MassDevelopment and the Old Colony Y. Rockland Trust Co. purchased the most recent bond.

"This low-cost financing will help Old Colony Y secure its future so that it can focus on what it does best: offering innovative programs to Southeastern Massachusetts young people and their families," said MassDevelopment President and CEO Marty Jones. "For nearly 125 years, Old Colony Y has been an integral part of the community, and this bond will allow its good work to continue far into the future."

Commercial & Industrial