Kewaunee Health and Fitness sold to members
The members of Kewaunee Health and Fitness Inc. Tuesday night voted to purchase the land and building for $250,000 from Dr. Marcus Steele, who owns a chiropractic business in Kewaunee, said Sarah Schiller, president of the newly elected Kewaunee Health and Fitness Inc. board of directors.
Located at 160 Terraqua Drive in Kewaunee, the facility has been burdened with more than $1 million in debt since it was built 15 years ago, Schiller said.
Members had formed a not-for-profit, Kewaunee Health and Fitness Inc. to operate the facility in 2008 and had been responsible for the facility’s operating costs since then, said Schiller.
Schiller praised Dr. Steele for working with the not-for-profit board to complete the purchase and said that it was a “very positive” meeting with approximately 40 members attending.
“He has worked very hard along with a dedicated team of board members to keep the facility open … through some challenging circumstances,’ she said.
The facility also has been burdened by property taxes for the building, which is assessed at $1,283,500.
The facility will continue to work with the same employees and offer the same classes, Schiller said.
She said that the many members had volunteered to work on various task forces to assess long-term needs and opportunities, including a possible capital campaign to fund improvements to the facility.
The funds to purchase the facility were raised by the group’s 370 members, primarily through some large anonymous donations, she said.
She said that she expected the purchase to close in the next two weeks.
Other members elected to the board include Doug Busch, Fred Brusda (treasurer), Margo Mastalir, George Orr, Art Schiller (secretary) and Stephanie Shikoski.
This article originally appeared on Green Bay Press Gazette: Kewaunee Health and Fitness sold to members