Having spoken to a number of members over the last week, one question that keeps on popping up is, "Why does the Club have to close down for 6 months?"
Why does the Owner/Management not build in phases? If they build the new glass building first, move the members over, and then renovate the existing building -
1) Then we, the members, would know what we are getting. We may even like it. But at this point, artist impressions, powerpoint presentations, and gym equipment just don't do it - at all. They hardly make up for the fact that we are getting kicked out of our Club for at least 6 months, with no where else to go and no say whatsoever,
2) Then the Management would be lowering their overall cost as well. For example, during this 6 month glass house construction period, the 1,200 members would still be paying subscription fees. If the average sub fee is $100, then the management would still be collecting $720,000. With additional F&B revenue from members and the public, the revenue should total at least between $1.5 to $2.0 million. This is money that they are never getting back; this is mostly services revenue and can't be stored away for 6 months to sell later.
3) Then the staff would keep their jobs during these hard times, and there would be continuity in the operations of the club.
Shutting down the Club for 6 months may be convenient for the Management and Owner, but they have completely disregarded their obligations to the Members, the Staff, the Public, AND the EngWah shareholders.
I. Just. Don't. Get. It.
Monday, October 13, 2008
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