Content Preview
Newsday 7 day/Optimum Online® subscribers click here for full access
Not a Newsday or Optimum Online® subscriber? Click here
Long Island country clubs feeling the pinch
Quick ReadLong Island country clubs are struggling, some simply because of the economy, others with the added burden of losing members who lost money to Ponzi swindler Bernard Madoff.
Photo credit: Michael E. Ach | Larry Holzberg board president and Maureen Hollenbach general manager of the Tam O'Shanter Club in Brookville. Like the overall economy, country clubs on Long Island are struggling. (November 2009)
Source: Newsday staff
The allure of the North Shore Country Club's golf course.
One country club has been sold, another fights to stay open and others have lowered dues and scrapped fees to entice new members.
The economy and imprisoned financier Bernard Madoff's $21-billion Ponzi scheme have knocked out some good times at Long Island's swanky clubs, owned by members who pay five-figure fees each year.
Some of the Island's 75 clubs have lost scores of members in...
Newsday & ExploreLI are now available at no charge to Newsday 7-day and Optimum Online® subscribers. To continue reading, please log in or register now.
