City Club taps its members
Here's an interesting item in light of the continued revival of downtown Greensboro:
The Greensboro City Club, atop the Jefferson Pilot Building, is turning to its members for a cash infusion.
Biz Buzz has a copy of a letter sent to members last week saying that the club is assessing them to help pay back a $100,000 line of credit it tapped recently to meet its cash demands.
The letter, from club president Michael Bumpass, says that $30,000 has already been repaid.
Overall membership is increasing, he says, but he puts out the call to current members to use the club more because "sales to members and nonmembers are still below what they need to be."
Bumpass makes a pitch for members to use the club for receptions, social dinners and occasions beyond business luncheons.
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