NoVo Foundation buys Kingston's The Metro
Paul Kirby is reporting for the Daily Freeman the NoVo Foundation has finalized a purchase agreement for The Metro building on Greenkill Avenue in Kingston, from the affordable housing agency RUPCO. The agreement "...will result in NoVo assuming full ownership of The Metro in spring 2022,” said Martin Kirk, NoVo’s senior projects coordinator. The purchase price for the 70,000-square-foot facility is $2 million. The foundation intends to turn the building into a youth facility that includes a so-called 15,000-square foot Fabrication Center where things can be made. NoVo is to partner with the Boys and Girls Club of Kingston, located across the street from The Metro, to launch a youth-led design process this summer. Megan Weiss-Rowe, NoVo’s project coordinator said, “The ‘Fab Lab’ model from which we draw inspiration was pioneered by the Fab Foundation, an initiative out of MIT, whose mission in part is to “…provide access to the tools, the knowledge and the financial means to educate, innovate and invent using technology and digital fabrication to allow anyone to make (almost) anything, and thereby creating opportunities to improve lives and livelihoods around the world." NoVo’s 2020 tax form shows that $500,000 was given to the Fab Foundation for a Fab City Kingston project. Jennifer and Peter Buffett are the co-presidents of the NoVo Foundation. They also co-chair its Board of Directors. Peter Buffett is the youngest son of investor Warren Buffett. The foundation has distributed tens of millions of dollars to various organizations, governments, colleges, and not-for-profit agencies, among others, throughout the Mid-Hudson Valley region. Read the full story in the Daily Freeman.