HIT PAUSE ON THE PROPOSED COVE BAR RENOVATION
Representatives of the Coveleigh Board of Governors have recently announced their intention to proceed with a renovation project for the Cove bar, and have announced that no approval is required from, and no effort will be made to request approval from, the membership. A number of members have stated their objection to the project for a variety of reasons, including:
- Clear disclosure concerning the recent financial performance of, and current financial condition of, the Club and how that may be impacted by this project has not been made,
- Clear disclosure concerning the budget for the project, expected to be several hundred thousand dollars, what other “related projects” have been included or excluded from that budget, what diligence has been done to confirm the integrity of the budget and related contingencies, has not been made. In short, members are concerned about a repeat of the cost overruns of some of our other recent capital projects,
- A concern that the project is not the best use of the club’s limited capital in a way that promotes increased enjoyment of the Club for the most members, that a project of this scale was not contemplated by the membership when supporting improvements generally to the Cove and bar, and that the design is not attractive to many members.
- Objections to the assumptions used to support the proposition that the project will result in significant new net revenue to the club, and
- Other equally valid concerns.
Whatever your reason, this is an opportunity to help deliver the
message that the membership would like to stop the Cove bar renovation project,
for now, until the membership’s concerns can be addressed and informed
judgements can be made about the prudence and desirability of the project with
informed input from the membership.