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| Tags: 201, 46660, date, expenses, moving |
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#21
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SIZE MATTERS
Over a month ago, I dropped the bombshell that the cost of the small new building in Cross-to-Bear would exceed the selling price of the building in New Windsor, which was more than twice the size. I was the first to mention the numeral "6" as in $650,000 or more for the new buiding in the middle of nowhere. Stan Booz, if I understand the matter rightly below, has now also provided us with that "6" numeral. Let us keep in mind that just a few weeks ago, George John and others were going on about a building costing possibly less, if memory serves, than $400,000 as they were doing their research in square footage costs. Now, Mr. John takes the latest officially admitted figure and doesn't bat a bat's lash. It is still fine and dandy. The real number will be likely in the, ah, "7" range. But don't worry: we will be hearing about the leaky old building and that famous non-existent parking problem. What a hoot that was! The truth is that the building in New Windsor was functional and would not have required anything like the repairs suggested, which is the latest excuse for moving. I worked in the that office, in the basement of the building, and developed bursitis in the shoulders because of poor heating, but the mission got done. Others also suffered, but the work got done and the Federation thrived in relative terms for several years. Much of that building could have been rented out, and one day, when the Federation rebounds, it could have been filled up with employees. As matters stand, there is a coming bill for $650,000 or significantly more for a small new building that will be supplemented by a further bill for a second structure or additions to the new building at a future date. I would add that George John's assumption that the Federation actually received $515,000 for the large old building remains unclear. It is possible the figure is significantly less. Sam Sloan is not far wrong to write that this will turn out to be a near-million buck move, though not for the reasons he gave. "George John" In Crossville they are out $85,000 ($600,000 - $515,000) That's a net of $15,000. Except that Crossville is the armpit of Uranus, and that 3 acres of land there is worth less than a phone booth in New York. Paying $500. in rent for 2500 square feet is not much of a bargain considering that Crossville might as well be called Loserville and the rents in such a small town in the middle of nowhere are very subjective and certainly not even 1/10 as much as rent in New York or any major metropolitan area. -- Hank Webber |
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#22
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#23
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"Frank Seavers" wrote in message . .. "StanB" $600,000 less 515,000 received for the old building and a 100,000 saved on renovations for the old building. Hey dumbass, the sales price of the building took into account that it needed $100K in repairs. So the repairs cannot be factored in twice as some kind of positive, you idiot. No Dumbass, 515,000 is what we got and the extra 100,000 is what we didn't have to spend. Stick to selling timeshares. does not take into account the savings to be realized by lower operating costs over the coming years. Good fiscal management does not require a Psychic in order to show results. Any plan that sold off all of the USCF's assets and has nothing but a construction plan to show for it is Bad Management. Charlie we have the 515,000. Anyway, what a two-bit hustler like you know about it ? |
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