Pledge Effort Update

Post Date: May 8th, 2020

On Friday, May 1st, the BOD was notified that our Bank did not accept our pledge offer to fulfill the loan. 

 

The KESC Board and Membership are addressing the future internally.

 

While we did not receive the desired outcome, we are still very grateful to all those whom offered a pledge to save the club.  Thank You!

Kingston Cares

Post Date: April 29th, 2020

The Kingston Estates Swim Club (KESC) and the Greater Kingston Civic Association (GKCA) wanted to reach out and let you know your neighbors care. In these trying COVID-19 times, know that you are not alone! Neighbors and local businesses are stepping up to help each of us navigate these difficult days. We compiled a list of official resources that may be helpful, with phone numbers for those elders or others among us with limited access to technology.   Click to open List

Holding Period

Post Date: April 6th, 2020

KESC is awaiting judgement from our bank.  Check back for updates.

In the meantime, stay safe and healthy!

Awaiting News

Post Date: February 29th, 2020 (Leap Day!)

The club is awaiting judgement.  Check back for updates!

Humble Gratitude

Post Date: February 15th, 2020

We are so overwhelmed by the generosity of  our members, previous members, neighbors, community members, lifeguards, swim clubs, local businesses, and all other pledges,  We are incredibly grateful for the support to keep KESC alive.

 

Special thanks as well to all of the volunteers dedicated to this campaign.  All the posting, walking, talking, sharing, etc. went a long way to produce the final pledge amount.

Last Day

Post Date: February 8th, 2020

A few of the Board Members will be available at the pool from 12 noon until about 1:30 on Sunday, February 9th to take the last pledges in person and/or answer any further questions.   

If you already pledged-come out and say hello!

Thank you to all whom have pledged!  We received over 130 pledges from members, past members, the Kingston neighborhood, nearby swim clubs, and the community at large.  Tomorrow the BoD will take the total pledge amount to the bank as a final offer.  

Again, sincerest thanks to all for the kind and generous support.

02/09/2020, 9 pm, Last Day!

Cherry HIll Sun Article

Post Date: February 3rd, 2020

The Cherry Hill Sun Newspaper attended our January 24th community meeting and published an article summarizing our efforts to save KESC.  

Link to Article

2020 PLEDGE: Save the Land; Save the Pool

Post Date: January 24, 2020

Dear Families and Friends in the Greater Kingston Estates area,

The Kingston Estates Swim Club (KESC) property at Deland and Princess Avenues is going to be foreclosed by TD Bank.  It is expected that TD  Bank will seize the title to KESC’s property within the next few months, and that TD Bank will auction off the property to the highest bidder at a Sheriff’s sale around June 2020.

KESC is appealing to all families and friends in the area for a  pledge of any amount to help save the property from ending up in the hands of a developer or other entity that would convert the property from a seasonal summer swim club to something that could negatively impact congestion, traffic, safety, and neighborhood home values in the area.

 

KESC owes TD Bank approximately $400,000 on the loan needed to replace the original (1957) main club building which needed extensive repairs.  A new structure was built that meets the latest building and ADA codes. KESC’s membership and revenues have dwindled to the point that it cannot service any level of debt to TD Bank. The loan has been in default for over 4 years while KESC has tried to increase membership and revenues with minimal results. We are optimistic that our aggressive recruiting and operational campaigns planned for the coming months will generate sufficiently large revenues to support the club. 

 

This is our last desperate plea for funds to settle our debt with TD Bank.  Saving KESC saves the land from unknown, future development. 

 

TD Bank may be willing to accept less than the full amount owed.  But so far, TD Bank has not been willing to negotiate a final settlement number since KESC has nothing with which to negotiate.

 

This is why we appeal for your pledge.  KESC will use these pledges to negotiate a final settlement with TD Bank.  But we must act very quickly.

Pledges can be made by completing the form below and sending to KESC.Pledge@gmail.com.  The pledge window will be open until February 9th, 2020.  Funds are not required at the time of pledging.  After February 9th, the Board of Directors will offer the total pledge amount to the bank as final settlement.  If accepted, donating parties will be asked to fulfill their pledge by March 1st.

Respectfully, 

KESC Board of Directors

 

WELCOME TO KESC

Home of the SEALS

ABOUT US

Welcome to the website of the Kingston Estates Swim Club (KESC). We are a private,  member-owned, not-for-profit, summer recreational facility located in the Greater Kingston section of Cherry Hill, New Jersey.

 

CONTACT US

116 Deland Avenue
Cherry Hill, NJ 08034

 

©2019 by Seals. Proudly created with Wix.com