The “new” Big Canoe Sconti Clubhouse Restaurant will lose close to $450,000 in its “first” 6 months of operation, ending this year.
Due to its $450,000 loss in 2008 (in just 6 months),
to the planned $500,000 loss in 2009, and
to the poor economy in 2009 that will most likely cause a $750,000 - $1,000,000 loss, do you feel that the Big Canoe Sconti Clubhouse Restaurant should be closed next year and reopened in 2010?
If yes, contact your elected POA Board Directors with your comments:
“Bill Wilson” wwilliswilson@aol.com,
“Richard Andersen” rvandersenbc@aol.com,
“Fred Omundson” fomundson@aol.com,
“John Seferian” john@seferian.com,
“Terry Bacigalupo” xterryb@tds.net,
“Bob Crouch” rfcrouc@aol.com,
Note that the $750,000 - $1,000,000 in savings can be used to fund the new Capital Reserve Fund.
4 users commented in " Lets Close the Sconti Clubhouse Restaurant During 2009 "
Follow-up comment rss or Leave a TrackbackWell, the November financials are out. The money pit, also known as Food & Beverage, has now cost us $577,975 through November 30. We should also add at least 75% of the “Clubhouse Management” total to the above. Clubhouse management, just for the time the place has been open, is now up to $251,975. Even though John Seferian thinks the property owners aren’t subsidizing the amenities, the money came from somewhere.
How much longer until sanity returns?
Since no one was concerned about the loss through November, probably no one will care that for the year the Food & Beverage total subsidy has now reached $696,065 and the inept management continues, with overages in virtually every aspect of the operation of this money pit. I think you should also add at least 75% of the “Clubhouse Management” total to F&B for the true cost. This was another $294,333.
If anyone really believes that this facility is worth almost $1,000,000 in subsidies, I have some ocean front property in Pickens County I would like to discuss with them.
We are being robbed blind. This Board and every Board member associated with this travesty is be ashamed.
To put the $118,090 loss for the Food & Beverage in perspective, this cost the residents of Big Canoe approximately $4,000 per day in December. Assuming there are approximately 2,500 homes and lots, each one paid $47.00 towards this fiasco.
If they would break down our monthly assessment to show what part goes for which debacle, we would probably have an uprising.