Washington Court Tennis Project Overview Current Status Project - - PowerPoint PPT Presentation

Washington Court Tennis

Project Overview

Current Status

Project History:

• Original 22 year lease for space ended 12/31/19 (extended until 2022)
• We have known for almost a decade that the lease would likely not be renewed, and have been

planning for it throughout that time.

• We established a search committee with representatives from club leadership plus members with

real estate and transactional law expertise.

• We explored 21 sites, including stand-alone sites, city clubs, country clubs, tennis clubs, and

commercial real estate options.

• Unanimous choice: Westwood Country Club

Westwood Country Club

Westwood Country Club: Overview

• Member-owned club, established in 1954
• Financially strong
• Three miles from current location
• Several Prince’s Court members are already Westwood

members

• 500 golf members, 220 non-golf members
• Newly renovated 18-hole golf course
• 9 tennis courts, indoor and outdoor
• Olympic-size swimming pool and updated pool/tennis

clubhouse with locker rooms

• Four dining areas, with different areas to host private

functions of all sizes

The Clubhouse

Background

• Westwood had a capital development project underway

already—renovations to golf house, fitness center, and kids’ center. A second stage, including new indoor tennis structure, was planned for 2025-2030.

• In November 2019, the existing tennis bubble collapsed.

The bubble is past its usable age and is now uninsurable.

• Prince’s Court members Kris and John Motz introduced

the idea of accelerating the replacement of tennis bubble in combination with the addition of court tennis.

• The combined facility should be finished by December

2021, along with other components of the capital development project.

• Our project must be funded by February 2021.

Former Tennis bubble

New Tennis Facility—Court Tennis in Prime Spot Nearest Pool

Outline of Preliminary Agreement

• Term sheet near final and expected to be signed by early

October, followed by definitive documents.

• Membership of Westwood approved the deal on

September 22, with 84% voting in favor of the project despite the large capital outlay by Westwood.

• Structure negotiated:
• $3.2 million to be raised by February 2021 for

construction.

• Westwood takes on all construction costs and all

going-forward costs.

• Court tennis players will be able to join Westwood.

Court Design

Court features:

• We have established a court construction committee

containing D.C. players with local construction experience and advisors from recent court projects in England.

• Court features will include:
• Solid mainwall (not glass)
• Deep royal dedans and over-dedans viewing area
• Wrap-around glass viewing above dedans penthouse

and around service side penthouse on service side, allowing unparalleled viewing without affecting play

• Bar-side viewing looking over court tennis on one

side and lawn tennis on the other.

• 30’ ceiling to allow wide range of serves
• Acoustical ceiling for sound reduction

Court and Gallery Renderings

Cross Section

• f Court

Upper level Lower level

Court and Viewing Areas

Existing Pool/Tennis Clubhouse New Tennis Building

Building Design

Fundraising

Project cost: $3.4 million ($3.2 million for construction costs + projected operating expenses during the interval). Fundraising timeline:

• September 23, 2019: Campaign entered public phase with
• ver 77% of funds already raised from D.C. sources.
• September 25-October 3: Zoom introductions to the

project (game wide). These will be followed by presentations to clubs, associations, and individuals

• February 2021: Fundraising must be completed

Recognition

• Donor Categories:
• Over $1,000,000

World Champion

• $500,000-$999,999

National Champion

• $250,000 to $499,999

Club Champion

• $100,000 to $249,999

Founder

• $75,000 to $99,999

Patron

• $50,000 to $74,999

Benefactor

• $25,000 to $49,999

Steward

• $15,000 to $24,999

Sponsor

• $10,000 to $14,999

Advocate

• $5,000 to $9,999

Booster

• $1,000 to $4,999

Contributor

• Up to $999

Donor

• A limited number of naming opportunities are available

starting at $25,000. Approximately half have been claimed as of late September.

Why Help Washington?

• Essential to the junior game: D.C. produces more than a third
• f the top juniors in the US. It has won 39 US Junior Open Titles

since 2005. Four of the five USCTA junior awards were awarded to Prince’s Court members.

• Contributions to the game: Washington has consistently

produced outstanding volunteers and contributors to the game, including Ryan Carey (Cherry Blossom, streaming); Steve Hufford (Emcee of widely acclaimed World Masters); 3 members of the current USCTA Executive Committee; 3 members of the USCTPF board, and the incomparable Michael Do.

• Generosity to the Game outside of D.C.:
• D.C. was a major source of funding for Boston roof project;
• It remains a major source of funding for junior game
• More than half of adult members have given to Charleston

despite the need to raise money for D.C.

• D.C. will be there again in the future but needs help now.
• Loss of D.C. would be devastating to the US game.
• One of only 8 active clubs in the US
• Source of many of the game’s young players
• We face the loss of many USCTA members, future members,

and friends.

How to give:

• Credit Card/Paypal: Visit

www.washingtoncourttennis.com or

https://usctpf.org/give/.

• Check: Made payable to the USCTPF, mailed to

USCTPF, P.O. Box 194, Jamestown, RI 02835, memo field: “Washington”

• Contact washingtoncourttennis@gmail.com for questions

regarding:

• Gifts of appreciated securities
• Wire transfers
• International donations
• Recognition and naming opportunities
• U.S. donatations through USCTPF are tax-deductible

Thank You