Alison Macor '88 | April 22, 2015
Tom Suddes ’71 knows what it’s like to fail. After nearly a decade in the development office at Notre Dame, Suddes left in 1981 to pursue his entrepreneurial dreams. He purchased an abandoned warehouse in downtown South Bend, renovated the interior and turned it into an athletic club. The East Bank Center project had potential, but Suddes found himself overextended as interest rates soared past 22.5 percent. Soon he was giving racquetball lessons at 6 in the morning, then showering and changing to get to the bank when it opened to beg for another loan.