7/23/11 – The city of Beaver Dam has closed on the property intended for use as a future Community and Senior Center. Mayor Tom Kennedy says the donation of the former Fullerton Lumber building at 209 South Center Street from Charles and Gail Fakes is a welcome gift to the city that will help continue efforts toward downtown revitalization. After the closing yesterday (Fr), the city signed a contract with architect Marty Sell with MSA Professional Services to proceed with the plans in developing phase one of the projects. Immediate occupancy is not expected as no city tax dollars are planned for the new facility. Senior center officials are actively fundraising for the anticipated $2.5 million cost to renovate the new building. A recent feasibility study determined that between $500,000 and $750,000 could be raised from private donations. The Senior Center currently has around $300,000 in an endowment fund.
