• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / News / Legion post faces fiscal crisis

Legion post faces fiscal crisis

November 18, 2010 By WRN Contributor

The American Legion post in a central Wisconsin community will lose their new building unless they get help. Three representatives from the Legion met with Neillsville’s Economic Development Commission Tuesday night, and spelled out the grim details. The facility opened in 2007. Construction costs skyrocketed to $1.3-million, well above initial estimates.

Wayne Short, who’s with the Legion now, but wasn’t involved when the facility was constructed, told the Commission the organization has $580,000 in bank debt and can’t make their monthly payments.

The Legion has “tapped” their members for more donations, tried to increase the number of special events and cut costs, but Short said it’s obvious they won’t be able to “earn their way” out their hole. “Without an investment by a partner, or a longterm interest-only kind of program, it’s just not going to work. I’m sure by the end of the year, we’re going to be without a bank and won’t be able to continue operations,” he said. One option would be for the city to get involved, possibly by purchasing the loan from the bank and receiving interest-only payments from the Legion. If the city doesn’t help, the Legion may try to start a member-investor group to buy the facility. If those options fail, they might lose the building. The Commission took no action. Another meeting was set for December 1st.

Paul Knoff, WCCN

Share this:

  • Facebook
  • Twitter

Filed Under: News



Featured Stories

Wisconsin Volleyball team back in NCAA National Semifinals (AUDIO)

Baseball suspends Cubs reliever for throwing at Brewers Woodruff (AUDIO)

Badger women’s soccer advances to Big Ten title game

Wisconsin volleyball advances to eighth-straight NCAA Sweet 16

Brewers place Cain on injured list

TwitterFacebook

Sports Headlines

Wisconsin Volleyball team back in NCAA National Semifinals (AUDIO)

Baseball suspends Cubs reliever for throwing at Brewers Woodruff (AUDIO)

Badger women’s soccer advances to Big Ten title game

Wisconsin volleyball advances to eighth-straight NCAA Sweet 16

Brewers place Cain on injured list

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2021 · Learfield News & Ag, LLC