Phoenix Swim Club Sold for $2.1 Million -- May 12, 1999
The Phoenix Swim Club, site of the 2000 U.S. Masters Swimming Short Course National Championships and of USA Swimming Grand Prix meets in 1996, '97 and '98, has been purchased by Athletes International Ministries (AIM).
The 10 acre complex, which includes a 50 meter x 25 yd and 25m main pool, and a 25m practice pool, will be called the Boreyko/AIM Sports Complex. The swim club will continue to be called the Phoenix Swim Club.
The price includes a $1 million endowment, $150,000 to pay outstanding debts and taxes, and $1 million for renovations. Scheduled renovations include expanded locker facilities ,toilets and showers, an upgrade of the weight room, a new indoor lesson pool for children, and an enclosure for the 25 meter pool. All renovations, including a bulkhead will be ready well in advance of the 2000 Masters Nationals, according to Richard Bonney, Director of Operations.
Gary Hall, M.D. will remain as president of the Phoenix Swim Foundation, Bonney will remain as director of operations, and the entire coaching staff will remain.