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

• Member-owned club, established in 1954 • Financially strong • Three miles from current location • Several Prince’s Court members are already Westwood Westwood members • 500 golf members, 220 non-golf members Country Club: • Newly renovated 18-hole golf course Overview • 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

• 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. Background • 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

• 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. Outline of • Structure negotiated: Preliminary • $3.2 million to be raised by February 2021 for construction. Agreement • Westwood takes on all construction costs and all going-forward costs. • Court tennis players will be able to join Westwood.

Court Design

• 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 Court features: • 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 of Court

Court and Viewing Areas Upper level Lower level

Building Design New Tennis Building Existing Pool/Tennis Clubhouse

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 over 77% of funds already raised from D.C. sources. • September 25-October 3: Zoom introductions to the Fundraising 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.

• Essential to the junior game: D.C. produces more than a third of 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 Why Help current USCTA Executive Committee; 3 members of the USCTPF board, and the incomparable Michael Do. Washington? • 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.

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

Thank You