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Bright Future for the Neillsville American Legion
Wednesday, October 24th, 2012 -- 12:22 pm
Posted by Riley Hebert-News Director
-The American Legion Hall here in Neillsville has been providing five years of service to the community.
The facility has held numerous events for the community and is run by the hard working volunteers of the American Legion.
Since its opening however, the long term debt has been an issue for the facility. The original plan in 2006 was to have the project financed by contributions and proceeds from the sale of the old building. But the cost of construction exceeded the money raised and so a bank mortgage was the result.
The American Legion Faculty board took the challenge head on to make sure the facility would continue to serve. An investor LLC was formed for the purpose of holding the long term debt of the facility so the Legion and its volunteers could focus on operations.
Through a mutual effort the LLC and the banks came to an agreement on the sale of the mortgage to the LLC.
The LLC intends to acquire the debt with Regional Planning and is working on the part to be concluded in the near future which will assure that the hall continues to serve the community.
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