The city of Minnetonka is among the parties exploring purchase of the Marsh, the longtime wellness center that the YMCA of the North is closing next week.
When Y officials announced in October they would close the Marsh on Dec. 31, they said the Minnetonka center wasn't financially viable following the significant loss of members during the COVID-19 pandemic.
Since this fall, the Minnetonka City Council has met twice in closed-door sessions to develop an offer to purchase the property. City leaders declined this week to release any details, citing ongoing negotiations.
The Y has received 16 proposals to purchase the building and hopes to make a decision in the next few months, spokeswoman Joan Schimml said in a statement.
"The Y is thoroughly reviewing each proposal and determining the best fit to maintain the integrity of the facility and property and serve the community," she said.
The center, which opened nearly four decades ago alongside marshland off Minnetonka Boulevard just west of Interstate 494, was developed by Deephaven philanthropist Ruth Stricker and her husband, Bruce Dayton, the late retail executive who built Target Corp. and father of former Gov. Mark Dayton.
Before it was trendy to pair physical fitness with mental and spiritual health, Stricker — a former YWCA instructor — championed the approach. She and Dayton called the Marsh "a Center for balance and fitness" and blended Eastern and Western practices, from tai chi to treadmills. The center today includes a restaurant, therapeutic pool, spa, physical therapy and a fitness center.

Stricker's family donated the Marsh to the Y after she died in 2020. Y officials said most of the Marsh's operations will move to the Ridgedale YMCA and that proceeds from the sale will be invested in well-being initiatives to honor Stricker's legacy.