From Connecticut to California, city and country clubs are feeling the recession and are resorting to extraordinary steps to stay afloat. ..Now, waiting lists are one luxury many clubs no longer have. The financial picture takes shape early in the year, when members recommit or resign. For many clubs, membership tallies ebbed steadily over the past few decades — and then plunged in the past year.
By Brenda Cronin, April 9, 2009 WSJ

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