It’s been pretty common knowledge that Bearspaw has been in some financial troubles with its clubhouse renovation. My friend who is a member just told me he received an email today stating that the club was ceasing operations. It sounds like the membership is refusing any more cash calls.
Sounds like an ugly situation. Apparently the contract for the clubhouse and additional renovations was estimated around 20 million and costs to date are in the neighbourhood of 40. The contract was originally awarded to one of the clubs members.
This is all word of mouth so take it as you will. 20 million sure seems like a large sum of money for a new clubhouse....
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