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Balboa Bay Club Renovation Starts

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Sometimes, a vacant lot and a couple of caterpillars are enough to get a city’s movers and shakers excited.

“The first thing I have to say is ‘Yippee!’ ” said a beaming Beverly Ray, chairwoman of the International Bay Clubs’ board of directors, during a groundbreaking ceremony last week for the Balboa Bay Club’s $55-million renovation project.

“In my wildest dreams, I never thought this day would come,” she said.

Construction of a private clubhouse will begin today. Completion of the building, which will include 28 guest rooms, spas and fitness facilities, is expected by August.

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During the project’s second phase, the club facilities on the property’s south side will be leveled to make room for a 131-room luxury hotel, scheduled to open in January 2003.

Club officials said residents in nearby apartment buildings had chosen to stay despite warnings of the construction work.

Other club members said they couldn’t wait to make use of the new buildings.

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