In the News

July 31, 2017
 
The RA has reached an agreement to sell the Rideau Tennis Club's operation and assets to the Rideau Sports Centre.  With a new strategic vision in place for our not-for profit Association, the RA has evaluated all areas of operations to determine the optimal service and product offerings for the future.  After careful consideration, it was determined that the Association needed to focus resources to accelerate this transformative strategic plan.
 
The Rideau Tennis Club has a rich and storied history that spans more than 100 years. In 2004 the Rideau Tennis Club was purchased by the RA following a devastating fire and financial difficulties.  Over the past 13 years the RA is proud of how the organization and its staff have provided service and quality programming to members and shepherded the club through its centennial and beyond. We believe the Rideau Sports Centre can support the community and offer an exciting new vision. We encourage you to join the Rideau Sports Centre in September (date to be confirmed) as they share their vision and thoughts for the future of the Rideau Tennis Club with the community.

 

FAQs

Thank you to all the members who have supported this great institution for many decades and in some cases for many generations. The following information will hopefully answer most of your questions, and we will update these FAQs as we hear more from you.

 

Why did the RA sell the Rideau Tennis Club?
This sale has been rumoured for some time, why now?

The RA has set a new strategic vision for our not-for profit Association. With this new vision in place, the RA has evaluated all areas of operations to determine the optimal service and product offerings for the future of the Association.

After careful consideration, it was determined that the Association needed to focus resources and re-imagine operations to accelerate this transformative strategic plan.

In 2004 when the RA took ownership of the Rideau Tennis Club, we invested a significant amount through a long-term mortgage in large part to re-build the clubhouse after the fire. We believe this new owner can support the Club with capital investment and an exciting new vision.

 

What are using the proceeds for?

Proceeds of the sale will be put towards retiring long-term debt.

 

How was the sale initiated and managed?
After the staff received approval from the RA Board of Directors, a real estate broker was engaged to create marketing collateral to provide to prospects.  It was determined that the best course of action was to proceed with a quiet sale, meaning no “for sale” sign on the lawn and no public disclosure of the sale.  Each prospect was required to sign a non-disclosure agreement in the interest of keeping the process confidential.

 

Overall, we met with more than two dozen prospective purchasers with varying visions and interest in the property.  We continued to have these conversations up until we had a signed purchase and sale agreement.

 

Why was the sale not made public?
 As is the nature with a transaction such as the sale of a business, there is uncertainty, numerous conversations and considerable exploration over the sales period. You don’t know for sure that you are selling until you have an agreement.  There is always the chance that you won’t sell. This process has been a year in the making. This kind of uncertainty and speculation can be very difficult on all stakeholders especially the employees causing stress. We appreciate the support our employees have provided before and during the sale period, in which they did not have any information to share.

 

In a membership affiliated association our concern was that the Rideau Tennis Club would suffer a decline from which it could not recover should a new owner not be found.

 

Why did you keep re-scheduling meetings?
Our desire to get in front of you as quickly as possible was forefront in scheduling the member meetings.  Although it has been extremely difficult, the process was never meant to be disrespectful. Having to reschedule at the last minute was necessary; despite believing that we were going to be in a position to disclose the sale, all conditions on the sale were not waived in the anticipated timeframe and we legally could not share any relevant information with members.

 

Who are the new owners and what will they be offering?

Nicki Bridgland, Founder and CEO of the Ottawa Sport & Social Club (OSSC), is thrilled to be creating the Rideau Sports Centre. The Rideau Sports Centre (RSC) is a new multi-sport and wellness facility in the heart of the city, located on the banks of the Rideau River. Formerly the Rideau Tennis Club, RSC will be a vibrant community hub open to the public, offering much needed sport opportunities for children, adults and seniors to play and connect. The revitalized clubhouse will include a new restaurant with several patios open to all. RSC will also serve as a social focal point connecting the Rideau River recreational corridor at the intersection of the new Adàwe footbridge.

 

You are encouraged to attend the “Rideau Sports Centre Vision Evening” for the entire community on Thursday, September 21 at 7:00pm (location to be determined, based on clubhouse renovation progress).  If you would like to receive updates about this event, please email info@rideausportscentre.com

 

 

How does the National Capital Commission (NCC) fit into this?

The NCC has been and continues to be an important partner of the RA.  As the owner of the land the NCC has agreed to assign the remaining term of the lease to the new owner.

 

What does this change of ownership mean?

The ownership transfer date is the end of day August 21, 2017.   It is business as usual until the end of day August 21, 2017. All Club programs, services and social events will continue as scheduled.  Any commitments beyond that date will be individually addressed as part of the transition planning.

 

Your tennis membership with the RA will end as of midnight August 21 and any pro-rated balance will be reimbursed to you.  You will receive a cheque for the balance of your tennis membership in the mail by the end of August. Please ensure that Member Services has your current mailing address on file by dropping by the front desk or calling Member Sevices at the RTC (613-749-6126) or at the RA (613-733-5100).

 

We appreciate that many tennis members are also active in other RA activities. You will remain an RA member until the time you no longer renew your other RA activities.

 

LifeFIT at the RTC members: Any pro-rated balance will be reimbursed to you or you may choose to transfer the balance of time remaining on your LifeFIT membership at the RTC to LifeFIT on Riverside Drive. Please ensure that Member Services has your current mailing address on file by dropping by the front desk or calling Member Sevices at the RTC (613-749-6126) or at the RA (613-733-5100).

 

RTC Pool Members: Any pro-rated balance will be reimbursed to you or you may choose to transfer the balance of time remaining on your pool membership at the RTC to the RA Outdoor Pool on Riverside Drive.  Please ensure that Member Services has your current mailing address on file by dropping by the front desk or calling Member Sevices at the RTC (613-749-6126) or at the RA (613-733-5100).   If you wish to transfer the balance of time on your pool membership, please call Member Services at the RA Centre at 613-733-5100 to make arrangements.

 

Why did you not see the summer tennis season through?
Unfortunately this was not possible under the conditions of the sale.  However, the new owner has made arrangements for current members to extend the summer tennis season onsite between August 22-September 30.

 

I have rented the Maple View Room, what will happen to my booking?
It is business as usual up to the end of business on Monday, August 21,2017.  Please contact your event coordinator to discuss any bookings beyond that date.

 

What about...

The staff and Pros?
As you can appreciate the uncertainty and the change in ownership is difficult for our employees.  While we are not able to disclose any specifics, our staff and pros are of the utmost importance to us.  We have met with staff members personally to help support the transition and we encourage you to support them as well.

 

The Junior Tennis Fund?
We will honour the intention of the fund in developing opportunities for junior players in our community. We will seek out an organization that will disperse the funds and seamlessly continue to fulfill the mandate.

 

Rideau Tennis and Squash Club Life Members
Although the RA was able to honour these life memberships in our model, these honourary memberships will not carry over in the same fashion to the new ownership group’s model.

 

Privacy of your personal information

We respect your privacy. The RA will not provide our membership list or share any of your personal information with the new owner. If you would like more information or updates about the new Rideau Sports Centre, please email info@rideausportscentre.com.

 

In compliance with the Canadian Anti-Spam Legislation (CASL) the RA may continue to communicate with you electronically for a period of up to two years to the day that your membership with the RA ceases.  If you would like to opt-out of any further electronic communication from the RA, please contact Member Services at 613-733-5100.


 


 

RA Centre  |  2451 Riverside Drive, Ottawa, ON K1H 7X7 | 613.733.5100 | racentre@racentre.com

Rideau Tennis Club  |  One Donald Street, Ottawa, ON K1K 4E6 | 613.749.6126 | rtc@rideautennisclub.com
 

The RTC is a member of the RA, a not for profit Association serving our community for over 70 years.

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