• Derby recreation center closed
    April 02,2013
    • Email Article
    •  
    •  Print Article
     
    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.
    • Email Article
    •  
    •  Print Article
    2 Comments
    MORE IN Vermont News
    Many Vermont dairy farms are experiencing a tough summer, receiving very low prices for their... Full Story
    MONTPELIER ó Vermontís largest Accountable Care Organization, OneCare Vermont, has struck a deal... Full Story
    PLAINFIELD ó Local officials took their next step for a plan to buy a house that they say is... Full Story
    Plainfield closer to buying endangered home
    More Articles