DETROIT-The Metro Detroit YMCA will be issuing a second bond issue in the next 60days to finish the financing of a $70 million building project for fivecenters in Southeast Michigan.The funds will be used to build three new YMCA facilities in downtownDetroit, Auburn Hills and Milford, though the Detroit project has beenreduced.

Reid Thebault, president and CEO of the Metro Detroitchapter, says Detroit’s facility has been lowered from five stories to three.

The proposal had consisted of the construction of a 100,000-sf, five-levelYMCA facility on 1.4 acres of land currently developed as a city-ownedsurface parking lot on property bounded by Broadway, John R., Farmer andGrand River roads. The Broadway People Mover station was to be incorporatedinto the new building, Thebault says.

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