Word: profitability
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Dates: during 1980-1989
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...coalition of non-profit organizations and a community construction company with city funding had hoped to recreate a teen center there, but failed in their attempt to purchase the gym from the archdiocese, said Community Development Department Director Michael Rosenberg...
...Community Building Corporation, Inc., representing several non-profit organizations including Greenpeace, Resist and the Haymarket People's Fund, and the city-sponsored group, the Cambridge Enterprise Collaborative, both hoped to buy the gym when the parish offered it for sale, he said...
Rather than compete for the building, the two groups made an agreement. Under this agreement, the Cambridge group would use the gym for the teen center, and the non-profit groups would use the rest of the building for offices...
Council members said they doubted that the two groups could have raised the money to back up their $700,000 bid. "It might have been anticipated that the public-non-profit coalition would be the low bid," said Councillor Francis H. Duehay...
...Councillors also said last night's comments were the first they had heard of the non-profit organization's involvement with the project. "We've had meetings about this several times, and this is the first time we've ever heard of these groups," said Councillor William H. Walsh...