LORAIN – The bailout of the financially hemorrhaging St. Joseph Community Center was unanimously approved tonight by City Council members.
Under the plan, which needs to be approved Wednesday by Lorain County commissioners, Lorain and the county would each pay $425,000 as part of a $1.35 million state taxpayer loan for the center with the state forgiving the remainder.
Mayor Chase Ritenauer called approval “a critical first step” in bringing in a developer to take over the aging center on West 20th Street, which has suffered from heating and cooling problems and a lack of tenants. Council members also approved spending $120,000 from Mercy Regional Medical Center to keep the center running. The Mercy money is matching money to a state taxpayer grant.
See Tuesday’s Chronicle-Telegram for the full story.