Own a piece of the Maroons

Butte Central fans can now become part owners of the team.

The school unveiled “Maroon Stock” Monday during a news conference at the Maroon Activities Center. The school plans to sell 20,000 shares of stock, offering a unique way for alumni, parents, friends and supporters of Butte Central Catholic School to invest in the future of Catholic education in Butte.

The school says the stock sale is very similar to fundraising efforts conducted by the Green Bay Packers and Boise State Bronco Athletic Association. Shareholders will become members of the Butte Central Foundation, Inc., a nonprofit organization.

Shares will be sold at $100 each in hopes of raising $2 million for Butte Central Catholic Schools. The proceeds will be used to retire the debt on the Maroon Activities Center and to build endowed funds for teachers’ salaries and student scholarships.

For information about purchasing the stock, contact the Butte Central Development Office at 723-6706.

The Maroon Activities Center opened in January 2005, and the estimated cost of the construction was $5.5 million. The remaining mortgage on the facility is $1.6 million.

Since it opened, the MAC has hosted 40 Montana High School Association sanctioned tournaments, four Frontier Conference basketball tournaments, 45 weekends of youth basketball tournaments and more than 500 regular-season athletic contests.

An economist from Northwestern Energy conducted an economic impact study and estimated that the MAC generates more than $2.5 million annually for the local economy.

The MAC also hosts numbers banquets, performing arts activities, fundraising auctions, wedding receptions and senior citizen activities. The MAC provides its facilities for several nonprofit groups, including the Butte Rescue Mission, Relay for Life, Butte Cares Clothing Drive, New Hope Pregnancy Center and the Butte Catholic Community.

The MAC has hosted numerous fundraising benefits for families in medical crisis at no charge.



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