Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

YMCA Closes Sale of Penn Hills Branch

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

YMCA Closes Sale of Penn Hills Branch

Article excerpt

The Penn Hills branch of the YMCA of Greater Pittsburgh has been sold to the Monroeville Assembly of God church.

The church paid $1.1 million for the facility, which had an asking price of $1.8 million.

The branch was one of several the YMCA closed last summer as part of a downsizing and restructuring of its operations. The 31,000-square-foot facility occupies 7 acres on Frankstown Road.

Proceeds from the sale will be used to pay down debt, the YMCA said.

The YMCA said it continues to offer after-school and youth sports programs for the Penn Hills area.

The nonprofit filed for Chapter 11 bankruptcy in May saying it was running an annual deficit of about $1 million. It emerged from bankruptcy protection in July after striking a deal to pay off the landlord at its Downtown Pittsburgh branch. …

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