Forestville RSL Club is the latest to lodge plans for a $77 million redevelopment as a move to diversify revenue streams away from gaming.
Under the proposed plans, the club would undertake a two-stage redevelopment of the clubhouse and build 55 independent living units. As part of the new clubhouse, there’ll be a cafe that will be open to both club patrons and residents. Meanwhile, residents will also have access to other communal amenities including a fire pit, players terrace, and barbeque terrace.
Earlier this year, in his CEO report, Ian Thomson, highlighted the plans will ensure the club’s financial, operational and sustainable future, and that they’re not alone in making this move.
“Interestingly two more local clubs, Dee Why RSL Club and the Builders Club Dee Why, have both recently announced new property developments where new ILU’s are the focus,” he wrote.
“Dee Why RSL have flagged a new development that will add significantly to their existing Independent Living complex, where they have a ‘wait list’ of over 200 people.
“The Builders Club development will see a new club and approximately 50ILU’s built on their existing landholding in Dee Why.
“These clubs join many other NSW Clubs who have embarked on, or who are currently navigating, similar business propositions as clubs seek to diversify their revenue streams away from a dependence on gaming.”
Look out for Club Management Summer 2024 where there’ll be a feature about how clubs are tapping into retirement living.