commission OKs funds for country club overhaul
Gables commissioners have approved spending up to $5 million to renovate
the Country Club of Coral Gables, simultaneously clearing the way
for Ritz-Carlton to manage it.
officials agreed to provide up to $5 million toward the cost of improving
the 1922-vintage Country Club of Coral Gables, 997 North Greenway
Drive. According to a letter of request submitted to City Manager
Jack Eads by club President Arnold Perry, the project's total cost
is estimated at $7.2 million.
will cover the $2.2 million difference in furniture and equipment
costs, Mr. Perry said.
for the project would be processed through a loan from the Sunshine
State Governmental Financing Commission over 25 years, said Donald
Nelson, Coral Gables finance director.
on an agreement in 1996, the Country Club of Coral Gables manages,
operates and maintains the facility on behalf of the city, he said.
The commission approved an amendment to this agreement allowing Ritz-Carlton
to take on the management and operation, he said.
want Ritz-Carlton to bring the facility up to a higher level in food
and service," Mr. Nelson said.
Perry's letter also states club membership has been declining due
to the club's need for renovation.
club's facilities have aged and are no longer sufficiently attractive,"
the letter states. "The club's membership has declined in numbers.
It has been very difficult to attract sufficient new members to stem
will include an interior make-over, wall re-partitioning, new electrical
and lighting fixtures, and a new patio and entranceway, Mr. Nelson
at Ritz-Carlton, he said, expect the renovations to start as early
as mid-summer and to be finished within six to nine months thereafter."