The Country Club of Lansing (Mich.) is in foreclosure. Patrick Reid, an attorney for the club’s Board, told WILX News 10 Lansing/Jackson that the club has lost about 20% of its members in the past few years.

“Once you lose members, you lose revenue, but part of your expenses are fixed so you can’t just proportionately decrease your expenses,” Reid said. “So then the revenue that you do have is not sufficient to pay what needs to be paid.”

Reid said the club and its lender, National City Bank, have until May 7th to reach an agreement. The mortgage goes up for sale on that date. Even then, the club has a six- to 12-month redemption period, during which a new agreement could be reached with the bank.

During this period, the club will continue to operate normally. “The club has been in operation for over 100 years. It’s an institution in Lansing. The Board feels strongly that it will be able to come to a mutual agreement with the bank,” said Reid.

The club currently has 550 to 600 members, Reid said, down from approximately 700 members two years ago.