DERBY ó An indoor community recreation center in northern Vermont has closed due to financial problems.
Community National Bank has taken over Indoor Recreation of Orleans known as IROC in Derby on Sunday after the facility failed to pay its mortgage for months.
The chairman of the board and executive director said he hopes that the facility can be purchased and continue serving the entire community.
The center has a pool, skating rink, gym and offered fitness and recreation programs, as well as basketball, volleyball and soccer leagues.
The Caledonia Record reported that IROCís board of directors could not raise enough money to secure a low-interest loan to pay off about $1 million in debt. The facility also needed $150,000 in maintenance.
- Most Popular
- Most Emailed
- TODAY'S WEATHER MINUTE: Tibetans' ability to breathe and absorb oxygen at high altitude might have been inherited from their ancient ancestors, our new pals, the Denisovans, more dominant in their day than anybody can remember.
- TOMORROW'S HEADLINES TODAY: Rutland Herald Editor Rob Mitchell and staff writer Bryanna Allen discuss conflict at Open Door Mission, MSJ's new principal, teens carve marble in West Rutland.
- TODAY'S WEATHER MINUTE: Researchers find new species of hominid, the Denisovans, and follow genetic evidence that place them across a wide swath of the globe before extinction 40,000 years ago.
- TOMORROW'S HEADLINES TODAY: Proctor estate sale hits serious legal speed bump, Rutland Town wraps up solar project regulations, Patty Minichiello interviews visiting sculptor in West Rutland and Castleton Crackers honored with national award.
- RICHARD'S POOR ALMANACK: Tamerlane, in 1401 on this day, lays waste to Baghdad; 'Rock Around The Clock' hits No. 1 on Billboard chart in 1955, stays there for eight weeks.
- TODAY'S WEATHER MINUTE: Rutland Herald content editor Rich Alcott shares local weather information and easily digestible news tidbits: Texas towns, shaken by earthquakes linked to fracking for gas and oil, are fed up and scared, want to ban the practice,