Plans Begin Rolling For Sand Springs Pool Committee
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According to Janette Dudley, spokeswoman for the group, the recently formed committee is in the process of planning out the specifics of forming a brand-new organization, writing out a business plan and fundraising.
Dudley said the process is "long-term" but things are beginning to move forward. The group met Thursday and in an e-mail Dudley provided bullet-points of the group's progress so far.
- Pool maintenance expert has reviewed the mechanical equipment and will provide an informed estimate of operating expenses;
- Research has been conducted on membership rates and numbers of members;
- Insurance expert has provided an estimate of insurance costs;
- Pro forma projections have been fine-tuned and show a positive cash flow in all operating years;
- Research on possible tenants is underway;
- Feasibility study drafting in process;
- Fundraising roadmap under development
Current owners, Wampanaug Springs Inc., closed the pool this year after trying to sell it since 2008. An employee tried to save the pool last year by applying for money from the Community Preservation Fund. The application failed without a motion from the town panel. The price is listed as $599,000.
The committee began meeting in March with their eyes set on reopening next year.
