Ninety years after opening its doors, it transformed into a wildly different type of club at the hands of visionary San Antonio developer and gay nightlife instigator Arthur 'Happy' Veltman. For starters, the downtown landmark is housed in a late 19th-century structure first used as a German athletic club. The Bonham Exchange, however, undeniably deserves those terms. Superlatives like 'legendary' and 'iconic' get tossed around far too often these days to describe people, places and things that arguably fall short of extraordinary.
