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“Urban Myth” in dollar doldrums.

July 7, 2014

It’s been reasonably public knowledge, but a situation  which has been kept under wraps while Unley Council and others have tried to address the problem.

Now the news is out, courtesy of a few paragraphs buried away in the  Boomer Arts pages of “The Advertiser”.

The youth group was a financially favoured “Village Green” Council tenant for more than three decades  before moving to the Goodwood Institute, opposite the Capri Cinema on Goodwood Road, only two years ago.

Now, in due part to the loss of  a $80,000 a year Federal funding, the  company is in dire straits and has just five months to dig  itself out of the financial hole.

General manager Bec Pannell is hoping to find a corporate sponsor and benefactor to help keep UM afloat. At present the company is managing a $30,000 debt for equipment, with no cash reserves.

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