Author	Message
publius-829s	Posted: Sat, Oct 17 2015, 11:42 pm EDT    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? There is also a "lake" in town. That's free.
anon-0493	Posted: Fri, Oct 16 2015, 10:16 pm EDT    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? CranburyB-4101 wrote: Hello and welcome to Cranbury! A lot of families either go to Waterworks in West Windsor or Nassau Swim Club in Princeton We love "Crystal Springs" in South Brunswick. It's awesome!! Big slides, tubes along the lazy river, homemade ice tea and sand... about ~15 min from Cranbury. Day passes or season memberships.
Guest3860-1qp2	Posted: Fri, Oct 16 2015, 2:44 pm EDT    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? FYI, if you do move to Cranbury (a fantastic town) and decide to put a pool in, I strongly suggest you do not contract with Anthony Sylvan. I have one of their pools. They subcontract all the work and do not stand behind the shoddy work.
Swim ?-1qp2	Posted: Fri, Oct 16 2015, 2:44 pm EDT    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? FYI, if you do move to Cranbury (a fantastic town) and decide to put a pool in, I strongly suggest you do not contract with Anthony Sylvan. I have one of their pools. They subcontract all the work and do not stand behind the shoddy work.
anon-pp98	Posted: Fri, Oct 16 2015, 12:02 pm EDT    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? CranburyB-4101 wrote: Hello and welcome to Cranbury! A lot of families either go to Waterworks in West Windsor or Nassau Swim Club in Princeton or have their own pools
CranburyB-4101	Posted: Fri, Oct 16 2015, 8:13 am EDT    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? Hello and welcome to Cranbury! A lot of families either go to Waterworks in West Windsor or Nassau Swim Club in Princeton
dgreen-n53o	Posted: Thu, Oct 15 2015, 3:24 pm EDT    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? So now that the pool is closed where are families going? We are looking to move from Metuchen (which has a town pool) and wondering where people go during the summer.
anon-sp0n	Posted: Wed, Jun 10 2015, 11:45 am EDT    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? anon-n309 wrote: I didn't see any other swim clubs in the nearby towns fail so it looks like the board did a really poor job and also had no compunction about using their neighbors' bond money instead of raising dues as they should have. At least a couple community pools in East Windsor failed only a couple years before Cranbury. The Cranberry pool even tried to recruit their former members as part of their membership drives as their finances were failing.
anon-sp0n	Posted: Wed, Jun 10 2015, 11:42 am EDT    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? Question-4670 wrote: I have not followed closely. Is an audit available that shows how money was or was not segregated? Also was any money disbursed in the months prior to its closing? If so - how. Is this information available? Nope. It just disappeared. No third party oversight.
Question-4670	Posted: Tue, Jun 9 2015, 4:38 pm EDT    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? I have not followed closely. Is an audit available that shows how money was or was not segregated? Also was any money disbursed in the months prior to its closing? If so - how. Is this information available?
anon-n309	Posted: Tue, Jun 9 2015, 3:38 pm EDT    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? anon-257q wrote: The problem wasn't the last Board, it was the Board before them who unscrupulously dipped into the bond money to subsidize ongoing operations then took out new mortgages on the property to do the same. What should have happened is if they couldn't make ends meet with annual operating revenue they needed to raise the rates or close the pool before stealing the bond money and putting the property in debt. But this way they hid the problem for a few years while enjoying use of a pool they couldn't afford and kicked the can down the street a little. I knew where this was all headed 4 years ago when I quit the club and never got my bond money back. I couldn't even get them to return my calls or email or letters. It's listed as a short sale at $249.9 K so nobody is getting his money back. They must have taken out some hefty loans but the capital improvements when I was last there 5 years ago or so didn't look that extensive. I didn't see any other swim clubs in the nearby towns fail so it looks like the board did a really poor job and also had no compunction about using their neighbors' bond money instead of raising dues as they should have.
Underwater library?-052s	Posted: Sat, Jan 31 2015, 9:05 pm EST    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? How about making it an underwater library?
anon-sp0n	Posted: Wed, Jan 28 2015, 1:00 pm EST    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? anon-0rrp wrote: Wondering if our town had considered buying the property. Would make a nice addition to the park next door. In addition to the cost to acquire the site it would take meaningful $'s to restore it (either to open space or a pool again). It frequently floods and there is a creek that runs right through it. And it's actually pretty small acreage so in terms of buying it to add to protected open space it would be a very high cost per acre.
anon-0rrp	Posted: Mon, Jan 26 2015, 1:47 pm EST    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? Wondering if our town had considered buying the property. Would make a nice addition to the park next door.
anon-257q	Posted: Sun, Jan 25 2015, 11:50 am EST    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? anon-276p wrote: Apparently just filed after no one bought the club. There is virtually no chance of bond holders getting any money back, as the by-laws defined us as shore holders who have equity in the club. Given how hard the last Board worked to save the Pool, I assume this was an action of last resort. The problem wasn't the last Board, it was the Board before them who unscrupulously dipped into the bond money to subsidize ongoing operations then took out new mortgages on the property to do the same. What should have happened is if they couldn't make ends meet with annual operating revenue they needed to raise the rates or close the pool before stealing the bond money and putting the property in debt. But this way they hid the problem for a few years while enjoying use of a pool they couldn't afford and kicked the can down the street a little. I knew where this was all headed 4 years ago when I quit the club and never got my bond money back. I couldn't even get them to return my calls or email or letters.
anon-276p	Posted: Sat, Jan 24 2015, 7:04 pm EST    Post subject: Re: Cranbury Swim Club Files for Bankruptcy? Apparently just filed after no one bought the club. There is virtually no chance of bond holders getting any money back, as the by-laws defined us as shore holders who have equity in the club. Given how hard the last Board worked to save the Pool, I assume this was an action of last resort.