FV is delighted to announce that the loan taken out to finance the establishment of the State Fencing Centre at Arden Street has been fully paid out, thanks to an extraordinary donation from a generous benefactor.
This is a significant development for the sport in Victoria. It secures our future in Arden Street for the remainder of the 21 year lease and frees up funds from our operational budget (which will now be reviewed for our August council meeting) that would otherwise be required to repay the loan.
The positive impact on our finances is substantial and of course, will ultimately be reflected in the services provided to the fencing community. We have been asked not to disclose the source of the donation, but on behalf of all Victorian clubs and fencers we wish to record our sincere thanks for this most generous contribution to Victorian fencing.
Last Modified on 21/06/2014 13:15