September 11 and Subsequent Bankruptcy
The club was less than half a mile south of the World Trade Center and closed after the September 11, 2001 attacks. The club never reopened, and declared bankruptcy in 2002. The 45-story building is now a residential tower named "The Downtown Club" which opened in 2005.
The Downtown Athletic Club clubhouse was not physically damaged in the attack on 9/11/01. But it was located within the "frozen zone" from which the public was excluded for an extended period during the clean-up after the attack. The club's finances could not withstand the financial impact of such a long closure. The members, as well as the dedicated managers and employees -some who had been with the club for over 20 years - were devastated at the loss of the club and their livelihood.
Read more about this topic: Downtown Athletic Club
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