Laconia Swim Club

[Diver Vince]

Heard that the club was finally sold. Does anyone have any updated information? Has title passed to the new owner or anticipated opening date?

[fatlazyless]

The water temperature in the pool used to be very cold.....like maybe 70-degrees......hope the new owners raise it up to 83-degrees for swimming laps......like doing the dog paddle.......woof!

[BroadHopper]

Heard that the club was finally sold. Does anyone have any updated information? Has title passed to the new owner or anticipated opening date?

There was a restriction on the title, land and building was only for YMCA use or something like that. The title is clear now.

[scubajay1153]

Hearing reports that it was bought by the same folks who own the former "Racquet Club" gym/pools on Gavin's Falls Rd in COncord. Can't find solid confirmation yet.

[broguy]

Article from the Laconia Daily Sun:

By MICHAL KITCH, LACONIA DAILY SUN

LACONIA — The Laconia Athletic and Swim Club has been acquired by Charlie Mabardy, president and chief executive officer of Mabardy Oil Inc. of Seabrook, who is a distributor of gas and diesel fuel and owns and operates a stable of service stations, convenience stores and car washes on the Seacoast as well as the Health Club of Concord.

Mabardy, doing business as 827 Main Street, LLC, purchased the once popular health club from ReadyCap Lending, LLC of Providence, New Jersey, which held the mortgage on the property, for $575,000. Mabardy is on vacation and was not available for comment.

The 24,887-square-foot building, with 18,075 square feet of usable space, including a pool, on three floors sits on a 1.15-acre lot and is assessed by the city for $1,193,100, of which $1,103,300 represents the value of the building itself.

In 1991, Tom and Lori Oakley acquired the building, which since it was built in 1962 housed the YMCA, and operated the facility very successfully for nearly a quarter of a century. However, in 2015 several factors combined to compel them to shutter the club. They were denied a federal loan for improvements to increase energy efficiency and reduce energy costs. Their primary mortgage holder filed for bankruptcy, hindering their efforts to refinance the operation. Creditors filed suit and, as the Oakley's struggled to trim costs, membership dwindled. In 2015, the day after Thanksgiving, the club closed.

After spending several months of seeking partners, the property was put up for auction in February 2016, but the auctioneer failed to appear. At a second auction in April, Optiline Enterprises of Hudson placed the only bid of $735,000, but the transaction never closed.

03-09 LASC

The Laconia Athletic and Swim Club property has sold to a Seabrook man for $575,000. (Adam Drapcho/Laconia Daily Sun)

[scubajay1153]

Thanks Broguy! That makes it official...

[laketrout]

Umm so no comment on what will be one of the old Y?

[jetskier]

Drove by today and there was a "For Lease" sign...curious.

Jetskier:cool: