WICHITA, Kan - Wichita city council members have approved up to $25 million in bond financing for two major projects of the Greater Wichita YMCA.
As a non-profit organization, the YMCA qualifies for industrial revenue bonds, which will lower borrowing costs for the two projects.
One project will build a new branch facility on the Innovation Campus at Wichita State University. It will be between 55,000 and 70,000 square feet, and the cost of construction will be around $17.5 million. The building will include a health and wellness facility, a health clinic and counseling services. There will also be space for Wesley Medical Center to develop an urgent care facility. The bonds will not be used to finance the Wesley portion of the project, according to Tim Goodpasture with the city's office of economic development.
Goodpasture told the city council Tuesday that the Innovation Campus would serve WSU students as well as families in the surrounding area. He said the YMCA has worked with Wichita State in developing after school programs for families and children, with educational and recreational programs for kids during the summer months. It's estimated that the expansion could add at least 100 full and part-time jobs when it is completed.
The other project for the YMCA will be an expansion of the East Branch facility near Douglas and Webb Road. An additional 7,000 square feet will be added to the building to expand the early learning center and family center, along with expansions and renovations for the fitness space. The project will cost around $7.5 million.