1990s
1990s
Shortly thereafter, in 1992, The University Club fell on hard times. A new tax law was passed, disallowing club dues as deductible business expenses.This, combined with the widespread layoffs of middle management from large companies, resulted in a sharp decline in membership. On June 1, 1996, in an attempt to save the University Club, the Board of Directors split the Club into three semi-independent clubs. The main building became The City Club, the athletic annex behind it (now part of News-10 NBC) that opened in 1991 became The Athletic Club, and the 40-acre summer retreat in Mendon that opened in 1972 became The Country Place. Each club gained a portion of the members and began its own membership drive. These drives eventually failed, even after decreasing dues, and in 1997 the club was forced to refinance the mortgage held by the University of Rochester. Unfortunately this did not end the hardship for the University Club: in 1999 the Club transferred the property’s title to The Upstate National Bank and began leasing the building from them. Within a matter of months, they were forced to sell their assets, and The University Club voted to disband.