Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Why Have Mutual Funds Exited EaseMyTrip?
    • Sharp outflows in March: Vallum Capital explains shift from liquid mutual funds to equities
    • High-Potential Mutual Funds to Invest in 2026
    • Bonds, Cash Remain Top Sources of Ballast for Equity Investors
    • Fidelity’s Most Underrated ETF Has Been Right About Bonds Longer Than Most Analysts
    • What Are Value Mutual Funds? How They Work, Know Top Funds | Markets News
    • Reeves considers using war bonds to fund defence spending push to avoid Labour row over cutting benefits
    • 3 International ETFs Worth Considering as the Iran War Ceasefire Leaves Global Valuations in Flux
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Ottawa waiting on FEMA funds for purchase, demolition of old YMCA – Shaw Local
    Funds

    Ottawa waiting on FEMA funds for purchase, demolition of old YMCA – Shaw Local

    August 13, 2024


    While the city of Ottawa is pleased to have its brand new YMCA up and running so well, it hasn’t forgotten about its predecessor, the building that has served the community for many years and still is serving it.

    The old YMCA building located at 201 E. Jackson St. is in limited use, hosting on weekdays near 350 children – what YMCA executive director Joe Capece said are “our biggest numbers ever” – for the Y’s summer day camp.

    But that usefulness soon will come to an end as the area’s presence within the flood plain around the Fox River will require likely that the entire building be demolished, ultimately being turned into another city park, into parking and entrance to Fox River Park or more parking for the downtown area.

    That future depends on the specifications in a pending Federal Emergency Management Agency flood plain grant that will provide a reported $2.34 million in funding for the city to purchase the property from the YMCA and demolish any structures on the land because of the potential for flood damage in that plain.

    “We’ve been told it’s going to be awarded and we’re moving forward with that notion,” Ottawa Mayor Robb Hasty said. “The grant is in a long and drawn-out process, in part because it is a FEMA buyout, just like when we had to use FEMA money in the flats where Fox River Park is now.

    “Part of that is the demolition of the building. We’re waiting to get more information from the grant to know whether or not that means the entire building. We also need to clarify if that includes some nice parking lot area we’re hoping to keep because that would make a good entrance into the river pathway to Fox River Park.

    “But we’re moving forward with the understanding that we’re going to have to tear the whole thing down and it will be owned by the city of Ottawa once that’s done.”

    Should the city be allowed to keep part of the building, Hasty said there still is a cap on how much the city can put into maintaining it, based on the value of the structure.

    For now, there is no timetable for the FEMA process, despite how eager the city and the new YMCA area to get the matter closed.

    “In the past, I’ve been told that these things two to three years to complete and we’re knocking on about two years at this point,” Hasty said. “I know that the Y is hoping so, too. Every once in a while, we get an email saying, ‘Where are we on that?’

    “At the end of the day, if FEMA says it all has to go, we’re not going to ask any questions. We’ll move forward and take it as a win for us, a win for the Y and a win for the community with nice riverfront access for everyone.”

    Old Ottawa YMCA

    That future of the former YMCA in Ottawa depends on the specifications in a pending Federal Emergency Management Agency flood plain grant that will provide a reported $2.34 million in funding for the city to purchase the property from the YMCA and demolish any structures on the land because of the potential for flood damage in that plain. (Derek Barichello)



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    High-Potential Mutual Funds to Invest in 2026

    April 19, 2026

    Closed-End Funds: Looking For Infrastructure Opportunities With AI Driving Them Higher

    April 17, 2026

    Bet on value funds when the chips are down – Market News

    April 17, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    Why Have Mutual Funds Exited EaseMyTrip?

    April 20, 2026
    Don't Miss
    Mutual Funds

    Why Have Mutual Funds Exited EaseMyTrip?

    April 20, 2026

    From its listing price of ₹212 on the NSE in 2021 to now trading at…

    Sharp outflows in March: Vallum Capital explains shift from liquid mutual funds to equities

    April 20, 2026

    High-Potential Mutual Funds to Invest in 2026

    April 19, 2026

    Bonds, Cash Remain Top Sources of Ballast for Equity Investors

    April 19, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Nvidia’s Big Test: 5 ETFs That Could Soar—Or Sink—On Earnings – NVIDIA (NASDAQ:NVDA), ARK Innovation ETF (BATS:ARKK)

    August 27, 2025

    Gold ETFs: After 27% surge in 3 months and sudden slide, what’s next for investors?

    October 25, 2025

    16 equity mutual funds deliver over 30% CAGR in 3 years

    October 30, 2024
    Our Picks

    Why Have Mutual Funds Exited EaseMyTrip?

    April 20, 2026

    Sharp outflows in March: Vallum Capital explains shift from liquid mutual funds to equities

    April 20, 2026

    High-Potential Mutual Funds to Invest in 2026

    April 19, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips

    April 16, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.