Racquet Club,YMCA Deal Falls Through
The negotiations between the Brevard Racquet Club (BRC) and the Henderson County YMCA are dead in the water, according to principal parties in the deal.
Just prior to the YMCA's April 22 board meeting, BRC owner Mike Vandegrift pulled his original offer from the table and replaced it with an offer to provide an owner-financing arrangement between himself and the YMCA.
Negotiations halted at that point, as the board voted unanimously to reject Vandegrift's offer, according to YMCA Executive Director Greg Walker.
Walker said the board was simply waiting on an appraisal, which was due to take...