Members may buy Kewaunee Health and Fitness
The membership of Kewaunee Health and Fitness will vote Tuesday night whether to assume ownership of the facility.
Located at 160 Terraqua Drive in Kewaunee, the facility has been burdened with more than $1 million in debt since it was built about 15 years ago, said Art Schiller, an adviser to the membership.
About three years after it was built, the facility began operating as a not-for-profit under the direction of Dr. Marcus Steele, who owns a chiropractic business in Kewaunee, Schiller said.
It also has been burdened by property taxes for the building, which is assessed at $1,283,500, Schiller said. Its property taxes were $22,197 in 2015, according to Steve Hanson, director of the Kewaunee County Land Information Office.
Schiller said that the membership will vote to buy the facility for $250,000, which has been raised by its approximately 200 members. There have been some large anonymous donations, and fundraising will continue to set up operating and endowment funds, he said.
The membership also will vote Tuesday to elect a new board of directors for the new not-for-profit organization, Schiller said. He said that the sale has been under negotiation for several years. The meeting is scheduled for 7 p.m. at the fitness center.
This article originally appeared on Green Bay Press Gazette: Members may buy Kewaunee Health and Fitness