Historic Argonaut Rowing Club completes $1.2 million community bond raise to fund the ARC Next club revitalization
Toronto, ON, September 16 – The Argonaut Rowing Club, announced that their $1.2 million-dollar community bond campaign goal has been achieved. As a part of the club’s 5-year revitalization project called ARC Next, the club’s volunteer board of directors worked with Tapestry Community Capital to launch the bond campaign in March 2019, with a goal of raising the funds by September 15, 2019. The bond raise was well received by potential investors, with interest in purchasing bonds, exceeding the amount of bonds available. The bond raise goal was reached on September 13, 2o19.
When complete, the ARC Next club revitalization will support the next generation of rowers by offering a fully accessible space with a renovated event venue, new elevator, extended docks, new change rooms, enlarged weight room and an increased capacity for both membership and youth programming.
A celebration for club members and investors is being planned for early October.
About the Argonaut Rowing Club (ARC)
Founded in 1872 and located on the Western Beaches of Toronto, the Argonaut Rowing Club (ARC) is one of Canada’s oldest and largest clubs with a history of supporting Olympic and Paralympic champions. ARC provides programs for athletes, coaches, umpires and volunteers based on the Canadian Sport for Life (CS4L)/Long-Term Athlete Development (LTAD) model. Members at ARC include rowers of all ages, skill levels and abilities. They are supported by the ARC vision to inspire lifelong passions for the sport and to help their members achieve their personal level of excellence. For more information about the Argonaut Rowing Club, please visit www.argonautrowingclub.com.
About Tapestry Capital
Tapestry Community Capital is a not-for-profit co-op that supports other co-ops and non-profits in raising and managing community investment. Since 1998, the Tapestry team has supported some of Canada’s largest organizations across multiple sectors in successfully raising and managing $61 million from over 3,900 community investors. From investment structure, to branding and back-office support, Tapestry ensures each campaign and investment is managed reliably and professionally. Tapestry, and each one of their clients, strive to leave the world a better place. For more information about Tapestry Community Capital, please visit www.tapestrycapital.ca.
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Argonaut Rowing Club