From the Daily News:
The News got a sneak peek into the $23 million, 44,000-square-foot Y on Beach 73rd St. which is undergoing the final phases of construction. It’s slated to open on Feb. 14, 2014.
The facility was built as part of the Arverne-by-the-Sea urban renewal project. The funding came from the developers, city officials and private dollars.
“We’re building a community in Arverne,” said Gerry Romski, project executive for Arverne-by-the-Sea. “The Y is a very important component.”
Owners of that community will get a free one-year family membership, he said.
Correction: The funding did not come from city officials, it came from taxpayer dollars. And offering free membership to the people who can most afford it isn't elitist or anything. Funny thing is, the last we heard, this place was supposed to have opened this past June and the total cost was $25M.