A debt-free Federation is in sight
August 2, 2019
Monday evening, July 22, the Maitland City Council, in a 3-1 vote, approved the zoning change needed before the Jewish Federation could move forward with the sale of the vacant JCC building.
The way is now cleared to retire the remaining debt on the campus and will be the first time since the 1980s that the Jewish Community Campus has been debt free.
Federation Executive Director Keith Dvorchik announced that the closing on the sale of the building should be complete within the next 60 days.
Three years ago, the Federation set a goal to retire the $4.5 million debt by Jan. 1, 2020. The support and donations from the Jewish community, with the Harris Rosen Foundation and the Jewish Capital Alliance providing matching funds, have made this goal attainable by the coming new year.
“On behalf of the Jewish Federation of Greater Orlando, I thank you for helping us transform a most daunting challenge into a most rewarding triumph. Your generosity is truly awe-inspiring,” said Dvorchik. “I can’t wait to see what we accomplish together next!”