Towson Swim Club Needs More Members To Secure Loan
According to the Towson Swim Club's board, the club needs more than 100 members by the end of February or the project could be terminated.
Towson Swim Club needs 135 new members to stay afloat.
That was the message the pool's board delivered to its membership last week, as the swim club charts a rough course to a May 2013 opening.
"We will terminate the project, finally and fatally, if by Feb. 29 we haven't hit our goal," said Josh Glikin, a West Towson resident and member of the swim club's board, in an interview.
The project has hit several financial and logistic snags in the past. In 2010, several residents in nearby Southland Hills protested the club's since-aborted plans to level an adjacent wooded area. Once planned to open for Memorial Day 2011, the swim club will either be ready for the start of pool season in 2013 or be terminated.
The swim club is slated to be built on the corner of Bosley Avenue and Towsontown Boulevard on land leased from Baltimore County.
Why the rush for the end of next month? The swim club needs to pay $30,000 for an engineering contract, then file for wastewater management and other environmental permits. That process, Glikin said, can take four to six months.
The board told members on Jan. 26 that to secure one of two loans, the financial institutions want the club to have the backing of at least 315 members by Feb. 29 for either a $400,000 or $484,000 loan.
"If we have 315 members signed up ... we feel very confident that we can make this project work," Glikin said.
In 2010, the project looked like it was headed for relatively smooth sailing, when a private investor stepped up to fund the project. That investor backed out due to a management shakeup that had nothing to do with the pool, Glikin said. The swim club then spent much of 2011 reassessing the loan climate and finally got the loan offers in December.
The presentation given to members last week is attached to this story.
The swim club currently has $318,000 in member funds in an escrow account, that will not be touched until the engineering contract is paid. The money will be refunded if the pool does not move forward. The $68,000 spent so far on legal fees, design and other expenses have come out of the 17 board members' own pockets.
And even with the money raised through memberships and the loan, the board would likely need to raise $150,000 to cover the rest of the pool's $1.4 million construction costs through donations and other financing.
A membership drive in 2009 gained the club nearly 200 members. It has 180 remaining now. Glikin said that with enough help from the current members, the club can reach the goal.
"We've had a lot of members who are really enthusiastic and realize how good this can be for the community," Glikin said.
Joining the pool costs a total of $2,500, plus membership fees, when the pool opens. Glikin said all the the swim club needs is to see that enough residents have paid the application fee.
"Everybody (who is already a member) should find at least a person to sign up to become a member and there are a number of benefits that someone could get by being a member," Glikin said, including the ability to transfer a membership when you sell your home.
To sign up, visit the swim club's website.
Southland Hills Mom
9:51 pm on Monday, January 30, 2012
Nothing ventured, nothing gained! I was at the Pool meeting last week and still can not believe that there are not enough families in Towson to make the Towson Swim Club a reality. 100 more members! With 100 more members, there is plenty of money for construction of this community asset we can enjoy for years to come. Pools bring neighborhoods together, give our children a wonderful safe place to gather and play all summer, and improve our community and home values. $2500 invested in TSC now gives you a membership that transfers with your house, returning your investment many times over if and when you decide to sell. If the pool does not go forward, your money is returned. It is truly now or never. C'mon Towson, JUMP IN!
Beth Krahl
9:48 am on Tuesday, January 31, 2012
I think $2500 to join a pool is an outrageous amount. I live less than a mile from the proposed location and was really looking forward to becoming a member when I first heard of this project. There are other local pools that cost a lot less that I will look into for my family. BK
mr southland
9:44 am on Friday, February 24, 2012
The outrageous amount will be the annual dues, not the initial investment that conveys with your home. Living less than a mile, you'd still drive to the pool, like many others, and fill the small side streets surrounding the pool with traffic...weekdays and particularly weekends....along with the noise flow from adults and children.
Bart
10:02 am on Tuesday, January 31, 2012
I hope you can all get enough members to get this project off the ground. It would be good for the families of Southland Hills.
It is disturbing, however when I remember that the public land for this was given to the community for $1. Other communities were incensed with the deal, and suspected a dirty plot, to the excusion of the public from what should have been public land. It just seems like somebody didn't do their homework at the time.
If you can't get 100 people to fork over $2500 in the next 29 days, I guess the land might just go green, instead of concrete and chlorine.
A new county park might just be a better idea.
Josh Glikin
10:53 am on Tuesday, January 31, 2012
Bart, the pool land is being leased for more than $6,500 a year, not $1. Actually, the swim club operated by community members who are all volunteers didn't' get much of a better deal in terms of rent and had many more requirements and restrictions built into their lease, than does the lease between the County and the commercial company that operates the remaining jail building converted into offices.
And there were no dirty plots or inside tricks. There were many months of public commentary and hearings, many plans submitted, etc. about it. Everything was considered and yes, there was opposition. But why shouldn't the communities have a chance to put something nice on land that used to house a women's jail for decades?
Also, there's a requirement that the pool serve a public benefit, including giving Seniors at BYKOTA access, providing rec council swim lesson opportunities, providing a handicap access area (which I'm pretty sure no other area pools have) for the county's physically challenged students to enjoy the water, and the like.
But the overwhelming community support was for this pool. The space will not remain green if the pool isn't built. I believe that everyone from Towson U to various commercial enterprises have already expressed interest in that site, and I doubt that the county would choose to keep it 'green' and maintain it, over cash.
(fyi, $2500 isn't due in 29 days. $250 is.)
Bart
10:59 am on Tuesday, January 31, 2012
As I said, I hope you make it. I have my wishes for the space, but I think you're right. the land will be snatched up by other commercial interests.
Josh Glikin
11:13 am on Tuesday, January 31, 2012
Thanks! I hope so, too. We really do think it'll make a great area all the better.
JDStuts
11:21 am on Tuesday, January 31, 2012
Developer talk is the likely candidate will be a 24hr gas station/ convenience mart. The nearest fuel is at Bosley and York while the market's potential foot traffic from TU's dorms across the street makes site prime. Plus oil companies can self finance new construction.
Josh Glikin
11:39 am on Tuesday, January 31, 2012
Talk about completely "uglifying" a corner. I have no idea whether what you say is likely or true, but just that possibility alone should be motivation enough for at least 135 people to pay $250 to join this month, shouldn't it? How awful would it be for that entire area if something that ugly is on that corner, and what would it potentially do to the surrounding area & community? As opposed to a top-notch swim club facility that has memberships that get passed onto successive homeowners?
mr southland
9:50 am on Friday, February 24, 2012
Josh,
You know from the early meetings that there are 3 options for this "corner". The pool, rec center/basketball court or a small county park that had funding in place to create a park. Since the pool is not going to happen, move on with the park.
All the talk about gas stations, etc is rumor and not based on facts.
You should have approached the existing families to add an extra $1000 to get it built already....we would have. For several years, the membership has been stuck and constant...same old story from the board...if/when they responded or attempted to communicate with ALL residents in Southland and surrounding areas.
The ravine also became a point of contention and caused a lot of tension among residents closer to the pool. Politics and cliques exist within our community and until those who "hold themselves higher" recognize this, the pool idea will be a distant memory.
Buzz Beeler
11:49 am on Tuesday, January 31, 2012
There are a lot of private clubs struggling to - no pun intended - to keep their heads above water. At Sparrows Point CC, we have one of the largest in-ground pools in the county, along with 27 beautiful holes of golf and a marina, a piece of heaven if you will, and we to are facing some serious issues in membership vs liabilities.
Let's hope we all we survive these tough economic times.
Bill McAllen
12:44 pm on Wednesday, February 1, 2012
You are so right Buzz.
So many private club right now are closing or on the brink
Bart
11:52 am on Tuesday, January 31, 2012
I cannot imagine a gas station to be built in that location. No way would it be allowed.
JDStuts
12:16 pm on Tuesday, January 31, 2012
Sorry about that but it is not that much a leap and on paper it looks so good.
There is already a county fuel depot operating safely across the street. The site has access from two directions and is located at the base of a major commuting hub while being adjacent to a sizable walkable population. It really is an prime commercial opportunity.
Bart
12:24 pm on Tuesday, January 31, 2012
JD, you're talking apples and oranges. The county fuel depot is small, and landscaped with shrubs and trees, not outwardly visible to the passing traffic. A gas station and convenience store is a totally different thing. I'm not from that area of Towson, but I'd be the first in line to protest any such plans.
JDStuts
1:12 pm on Tuesday, January 31, 2012
The depot was a commercial gas station, I believe an Esso (maybe not), before the county took over the site. They later landscaped it to dissuade public confusion.
Columbia has gas stations nestled in its residential grid quite nicely so it can be done. It won't work for a restaurant and office space is too plentiful to get financing. You need a structure with a small back end footprint and lots of traffic. That's carry out, package goods, pharmacies and convenience marts. If the new pharmacy/mart wasn't going in on York by Safeway and CVS that would have been a natural fit. But that market is full and there is a big gap for fuel in the area. Whether or not it's the most desirable outcome is debatable but the location is perfect and that's why there are rough draft site plans floating around.
johnny towson
2:39 pm on Tuesday, January 31, 2012
JD, plans for a CVS or a gas station?
JDStuts
2:54 pm on Tuesday, January 31, 2012
Not a CVS. I know some developers/investors who have talked about the site, the consensus is it's a spot on fit for a gas/mart opportunity. The big plus is the existing fuel depot across the street for the past 4 decades which will help tamp down community opposition by proving there will be few environmental/safety issues. If anything new holding tanks will be cleaner and safer due to new technology.
The two street access and lack of competition is golden.
Josh Glikin
3:29 pm on Tuesday, January 31, 2012
Ugh - imagine a Sheetz there. It'll be pure lunacy if 135 people don't sign up, particularly from neighborhoods that have so much to lose if the pool isn't there.
Tim Kaiser
4:30 pm on Tuesday, January 31, 2012
I grew up in a neighborhood that had a community pool. I still have friends from those days. Many of us went to different schools, but we all met there and became life long friends. This is the kind of creative idea Towson needs!
I hope this opportunity doesn't get squandered.
Towsonite
4:51 pm on Tuesday, January 31, 2012
Very well put, Tim. One person commented (offline) that the one good thing about growing up in Columbia (which she hated) was that there was a pool within walking distance. Towson needs these kinds of amenities to compete with Howard County and keep the property values up, at least in my opinion.
Jim21236
4:43 pm on Tuesday, January 31, 2012
Isn't the $2,500 some kind of bond that you get back eventually? If you get it back in 20 years, I'd say it is a damn good investment in your community and long term property value. Especially considering Towson University is gobbling up everything around there. This Beth Krahl seems like a typical Towson whiner, I want everything but I shouldn't have to pay for what it costs to build it.
Towsonite
4:53 pm on Tuesday, January 31, 2012
Yes, or at least $1,975 of it is. That's the portion of the $2,500 that buys the actual certificate. You hold onto the certificate for as long as you want and you can:
1. Sell it back to the club after it opens;
2. Hold onto it and transfer it with your house (a good option, as most pools in the area that are this expensive and much more, have many year waiting lists, and so selling a house with an automatic membership will probably be a good advantage for the seller). Also, you don't have to pay summer dues on your membership.
You can place your certificate into "dormancy" and hold onto it to transfer with your house. Then the new owner takes it out of dormancy so they & family can immediately join their new pool, ahead of anyone on the waiting list at the time.
I know that the club is currently offering the dormancy & transferability option (and other perks like free babysitting passes, etc..) only to those who join and pay $250 before Feb. 29.
Southland Hills Mom
5:49 pm on Tuesday, January 31, 2012
To Beth: Unfortunately, building a new community pool costs real money, and in today's economy, most of it has to come from the members. This is a privately financed project, paying market rate for a land lease, that will greatly enhance our community. $2500 to "join a pool" includes the bond that will capitalize the construction of a brand new pool. As stated above, you will receive almost $2000 back when and if you decide to leave the pool club.
When Stoneleigh built their pool decades ago, forward thinking Stoneleigh residents pitched in and put up the money. Look at the return on their money over the years! Stoneleigh is a beautiful neighborhood with a central focus every summer--the pool. Their home values are consistently higher than other Towson neighborhoods without pools.
This is something today's Towson residents can do to attract families and improve our community for years to come. But you have to have vision and be willing to invest in that common future.
mr southland
9:40 am on Friday, February 24, 2012
Then why not ask the current 200 members...now 180 and dropping because of the delays, to pony up an extra $1000 and the pool could be built.
Bill McAllen
12:43 pm on Wednesday, February 1, 2012
Just wondering why a new pool at the Y would not make more sense?
Towson does need a good dog park.
JDStuts
1:01 pm on Wednesday, February 1, 2012
Ha! Towson also needs schools!
I'd like to see the local pol who blows money on a dog park in this heated economic and political climate. "When taxpayers insisted the Councilman address the serious overcrowding in neighborhood school he responded by spending his efforts on... a dog park."
Schools take money, the county needs revenue, they need a ROI on that property.
The Y is a private entity currently fundraising for a new complex including an aquatic center. They'll get there eventually.
Bill McAllen
11:38 pm on Sunday, April 29, 2012
Hey JDStuts:
If a dog park is such a stupid idea then why is it happening here?
http://www.baltimoresun.com/explore/baltimorecounty/publications/booster-reporter/ph-br-honeygo-run-dog-park-0426-20120425,0,4168183.story
johnny towson
1:40 pm on Wednesday, February 1, 2012
The Y and the county should be better partners. I imagine the Y is a bit apprehensive working with the Administration after it failed to perform on its contract to purchase the land for playing fields contributing to the Y's funding scramble over the past several months. Our society's amenities race to insolvency is not sustainable. Combining the Y's resources and community demand and desire makes all the sense in the world. Unfortunately, County politics will continue to and has ruined another chance of the right thing happening. The apathetic citizenry that we are, must stop condoning this type of governance.
JDStuts
1:58 pm on Wednesday, February 1, 2012
johnny, anytime you reach your brink and decide to run let me know. I'll door to door for someone who has some clear long term thinking instead of what's in it for me right now.
johnny towson
2:14 pm on Wednesday, February 1, 2012
Councilman Marks seems to have picked the short straw for that assignment. He is doing a great job and deserves our help and support. In fact, I recently heard someone say "he is doing too good of a job." Amazing that there is truth in that statement. The Administration can continue to crop him out of photos and announce "Significant Development Deals" in Towson that are 10 years old, but as long as they continue to do nothing, the likelihood of their survival is quickly eroding. I hope we start supporting people over party, doers over looters and sweat equity over the "easy button."
JDStuts
2:40 pm on Wednesday, February 1, 2012
Agree on Marks and I've heard the same comments. (They're especially odd coming from others soliciting donations.) But unless he moves on to County Exec he is self term limiting (admirably so) and we're still stuck with the careerists who can't cut it elsewhere.
johnny towson
2:46 pm on Wednesday, February 1, 2012
Why is it that the County Council takes a break from fund raising and soliciting donations during the rezoning period but the County Executive does not?
David Marks
8:40 pm on Wednesday, February 1, 2012
Thank you all for your comments. Just to clarify, I know of no other development proposed for any part of the jail site; the jail itself is historic and cannot be torn down, and I have raised as part of the Comprehensive Zoning Map Process some of the land so it may be downzoned to prevent intense development. I have done my best over the past several months to see what could be done to give the Swim Club more time to secure funding. I have thought this was a fair and reasonable request and believe the swim club could be a community asset.
mr southland
9:58 am on Friday, February 24, 2012
Mr. Marks,
The county told everyone at the original community meetings several years ago that funding was in place to provide a small park, much like the one across the street. However, they were willing to lease land to the community for a pool. The other venue mentioned was a rec center/indoor basketball court becuase basketball courts were needed for rec leagues and local schools were clamping down on the use of their courts.
Since the pool is not going to happen, then where is my park as the alternative?
All talk of commercial enterprises would go against the entire community.
The leadership surrounding the pool could have done a better job of "selling it" such as asking current members to kick in $1000 more and get it built, since they have always talked of new members coming on board once ground was broken/pool built.
They also set aside nearby resident complaints about parking that would occur during the week and particularly weekends from pool members...despite all the talk of "walking" to the pool. Most people won't even walk to the local corner store of ice cream business.
Bart
10:02 pm on Friday, February 24, 2012
Thank you, Mr Southland. Finally, someone has come forward with the SAME information I heard in meetings oh so many years ago!
It has always seemed to me that the deck was stacked against the other, not so well financially blessed communities in the area. Read: not Southland Hills or West Towson, home of the attorney/shadow government of Towson..
The saying at our neighborhood was: Riderwood Hills got a Jail, Southland Hills got a pool.
If they can't come through with the bucks, let it become a total community open park; not just an exclusive "Country club" for the locals......and I don't care for their lame explanations that they will welcome "Seniors" from BYKOTA, or "underprivledged kids" from the "Y". They have set the fees so unattainably high, that not only can the residents of other Towson neighborhoods not afford to participate, but they have priced themselves out of the market.
Josh Glikin
9:52 am on Monday, February 27, 2012
Bart, that is ridiculous. Part of West Towson is actually closer to then jail than Riderwood HIlls and overlooks it. And, Southland Hills had a jail in it for more than 100-years, decades before Riderwood Hills was even on a developer's radar.
Our neighborhoods were also the forefront of the fight against the jail,and we also joined against the plan to build high-rise buildings in place of The Colony, which would have impacted your neighborhood more than West Towson. And, we have a lot of very dedicated residents who spend countless hours working to improve the entire Towson area. We want Riderwood Hills to grow and prosper just like every other neighborhood.
Finally, we did not "get a pool" - we were told we have to pay for it. And it costs a lot of money to build a pool. We've done our best to try to make it a reality but to post an "anonymous" blog trashing two communities and saying that they're getting preferential treatment, or suggesting that we've priced the pool with the intent to shut a group of people or a neighborhood out, is insulting.
So, why don't you post blogs using your true identities so we can have a real conversation? As I see it, a comment has no real value if it's posted anonymously. If you truly believe it, put your name on it.