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The membership of the CORE Club is drawn from the economic and social elite of New York City. Writing in the New York Times in 2005 Warren St. James described the club as being a place for "a geographically and socially diverse set of wealthy people to gather and meet others of the same disparate tribe" and an "ambitious act of social exclusion". [2]
The Club includes a bar, The Big Red Tap & Grill, and a restaurant, The Cayuga Room. In addition, the club has four banquet/meeting rooms, a business center, 48 overnight guest rooms, and a library. Members may use the squash courts at the Yale Club of New York City. Dues are on a sliding scale, based on age and proximity to the club.
The Club has had only six presidents since its founding over a century ago. They are: Robert Erskine Ely; Edwin A. Locke Jr.; Raymond K. Price Jr.; [8] Paul W. Bateman; [9] Jan Hopkins, and the current President, Barbara M. Van Allen. [10] Barbara Van Allen is the current President and CEO of the Economic Club of New York.
The club's board voted in 1933 to borrow $200,000; by then, the club was recording a $50,000 annual deficit, and real-estate taxes had tripled compared to before World War I. [107] With the repeal of Prohibition that year, the club applied to the New York state government for a liquor license. [108]
The club was founded as the Princeton Alumni Association of New York in 1866. In 1886, it reorganized as the Princeton Club of New York, incorporating as a club under New York laws on December 12, 1899. [6] [7] Unlike other alumni clubs on Clubhouse Row, the organization had no financial relation to Princeton University. [4] [8]
The club's main entrance. The current building is the club's sixth clubhouse and the third built specifically for the members. The prior two clubhouses were at Fifth Avenue and 21st Street, occupied from 1855 to 1903; and on the northeast corner of Fifth Avenue and 51st Street, a limestone clubhouse occupied from 1903 to 1933.
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The University Club of New York (also known as University Club) is a private social club at 1 West 54th Street and Fifth Avenue in the Midtown Manhattan neighborhood of New York City. Founded to celebrate the union of social duty and intellectual life, the club was chartered in 1865 for the "promotion of literature and art".