Phelps and Bowman moved to Arizona almost two years ago, after Bowman accepted a job as head swimming coach at Arizona State. They have not had a direct hand in day-to-day operations at Meadowbrook since.
Murray and Patty Stephens have served as landlords for Meadowbrook since they began leasing it to Bowman and Phelps in 2008.
"With Michael and Bob out of the picture geographically, it makes sense for them to turn it back over to Murray and Patty," said John Cadigan, the facility's longtime general manager. "It won't really have any impact at all on operations. The programs here will continue."
Those programs include the North Baltimore Aquatic Club, the elite training program that has produced a long list of U.S. national team members.
Even the swim school, Cadigan said, will continue with the same approach, though it won't carry Phelps' name.
Phelps joined the club when he was 6, and both Murray and Patty Stephens worked with him when he was a young swimmer, before Bowman became his primary coach. He prepared for the 2000, 2004 and 2012 Olympics at the club and also began his comeback, which culminated with the 2016 Olympics, at Meadowbrook.