 Boston College Club co-founder John F. Joyce '57 (left) chats with Romance Languages chairman Assoc. Prof. Franco Mormando, SJ, during the club's "Jesuit Thanksgiving Dinner" on Nov. 20. Twenty priests were honored for their service to the Boston area. (Photo by Justin Knight) |
Joyce said that when the BC Club was opened in 1998, a profit-sharing agreement was made between the club's management firm, Club Corporation of America, and the University. "We truthfully didn't expect this to take place for about 10 years," said Joyce, who noted that the club's substantial buildup fees had to be met before a profit could be realized.
"But we are delighted to be able to show a profit in just a little over two years," he said. "It's a well-run and profitable club, and the bottom line is that the University really benefits from its success. We hope that the club's contribution will be even greater in the future."
Joyce said that the club membership now stands at 2,400 members with a waiting list of nearly 100 more. "About 80 percent of our members are Boston College graduates," Joyce noted. "The club's success is a reflection of the loyalty, maturity and quality of our graduates and members."
The Boston College Club was Club Corporation of America's first University-affiliated partnership, according to Joyce, and its success has spurred similar ventures between the management group and George Washington, North Carolina State and Florida State universities.
"We were the pioneers in this," Joyce said. "The secret to our success is that Boston College loyalty runs very, very deep."
-Reid Oslin