Capital One makes big contribution to downtown YMCA renovation

YOUNGSTOWN — Capital One bought $2 million in federal and state tax credits for the $5 million renovation of the Central YMCA.

The credits, awarded by the Development Fund of the Western Reserve, will allow the YMCA project to proceed as well as create 50 construction jobs and 19 full-time permanent jobs at the Y. Also, the 55 full-time workers there will maintain their jobs.

The award is earmarked for the YMCA’s renovation of nearly 20,000 square feet of the 100-year-old downtown facility on North Champion Street.

“Forming a strong partnership with the community development entity and the federal government allowed the Y to receive these credits,” stated Tim Hilk, the YMCA of Youngstown’s chief executive officer.