NORTH Albury Sports Club is asking members to support a move to sell its car park to alleviate a financial squeeze.
Members have been advised of a resolution for the car park at the rear of the licensed club to be deemed non-core property which would clear the way for a potential sell-off.
The resolution will be included on the agenda at the club’s annual meeting on October 22.
It comes against the backdrop of a slump in revenue last financial year.
Club president Rob Williams couldn’t be contacted for comment yesterday, but a circular obtained by The Border Mail has put members on notice about its poor financial position.
“Our 2012 financial report reflected the cost saving measures and plans put in place in late 2011,” Mr Williams writes.
“This resulted in 2012 being a profitable year for the North Albury Sports Club, however, trading conditions in the 2013 year have seen a decline in revenue due to tough economic conditions and reduced patronage.
“It is important that members support the North Albury Sports Club.
“There have been changes at the club and there will continue to be changes for the benefit of our members and the future of our club.”
North Albury Sports Club is located at Bunton Park.
It is affiliated with North Albury senior and junior football clubs, netball and cricket clubs.
Albury Bowling Club also uses greens located next door to the car park.
The club would still be required to provide parking for users.
It could look to develop a vacant area of land opposite the licensed club in Alamein Avenue, which is used on peak usage days such as the Ovens and Murray football and netball finals.
Cars also park on peak days near the scoreboard at the southern end of Bunton Park and vacant land on the western side near the cricket nets.
Mardross Gardens retirement village abuts the northern side of the car park.
Twelve months ago the club reported a turnaround in its financial performance with a loss of $58,000 for the previous financial year.
A year earlier the figure was $157,000 which capped a succession of major blowouts.