Monday, January 2, 2012

Torquay surf club may drown in debt

THE future of Torquay Surf Life Saving Club is in limbo as it faces mounting debt brought on by council red tape.

The Surf Coast Shire inspected the building in September and shut down the 40-year-old building's accommodation wing, saying it had not been upgraded to meet present-day fire safety standards.

Torquay club captain Noel Dubberley said the club would have to foot a hefty $600,000 renovation bill before it could resume the leasing of rooms and is set to lose thousands of dollars in revenue over the next year.

"The bunk rooms can accommodate up to 65 beds for school and community groups, but it was shut down in November," he said. READ MORE


Resources:
equipment leasing,
start up business financing,
equipment sale leaseback,
leasing

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