Saturday, December 27, 2008

fire-sale benefits?

Well, it is certainly true that NOT paying the little amount of pool rent SHOULD, and WOULD have eventually raised a red flag. And it HAS. Even tho a review of public records does NOT indicate more than 5 payments out of the past 36 months, it IS possible that those ridiculously low payments have been made and the monies mislaid, or put into another account. It IS odd that sporadic payments would be reflected on the daily logs sometimes, and other places at other times. Perhaps it is just another sign of the chaos and disorganization in the City. Even if one accepts the POSSIBILTY that the $200 a month pittances were paid, its a lousy deal for Springs residents, as its 15% of the true market value. Even $500 a month is less than 40% of the true market value. Why would Springs residents accept that deeply-discounted rate to a private business while they are losing 200k a year? We are losing our butt in a recession economy, and can afford to give away our facilities at a fire-sale rate? especially to a private club with so few Springs kids? and at NO benefit to the swimmers- as it is money out of the residents pockets and into the pockets of the owners? An ethical business would have done the right thing and straightened this situation out a LONG time ago, not hiding behind a legal technicality. It is difficult to conceive that the hardworking, dedicated, and honest parents of MDAC swimmers are not embarrassed and ashamed by the highly unethical actions of the owners.

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