M.C. Preparatory School of Wisconsin Inc., an affiliate of Milwaukee College Prep, a K-8 public charter school, recently purchased the Northside YMCA at 1350 W. North Ave., Milwaukee, for $5 million, according to state records.
Milwaukee College Prep will take over the school at the Northside YMCA.
It will lease the fitness and recreation portion of the facility back to the YMCA of Metropolitan Milwaukee Inc., which is selling the facility to Milwaukee College Prep. The YMCA will continue to operate the fitness and recreation portion of the facility.
The YMCA of Metropolitan Milwaukee recently filed for bankruptcy and plans to sell most of its real estate assets to eliminate nearly $30 million in debt.
This will be the fourth campus for Milwaukee College Prep. The others are at: 2449 N. 36th St., 2623 N. 38th St. and 1228 W. Lloyd St. Milwaukee College Prep has an enrollment of more than 1,400 students.