Just as I predicted, these boys got the gift of a lifetime. .. our 100 yr old crown jewel 'the elks Home' for a song. Borrowed the money to pay the 4.5 million selling price (appraised value $15mm) and two years later get advanced $10mm more!!. I guarantee they won't be putting all that money in the Home but mostly in their back pockets.
This article points out some crucial misinformation from GL. "We could never break even as the most residents we could have is 120", well these former consultants to the Elks Home knew better. They are at 185!!. Break even was well below that!! Tragic, sad and totally unnecessary.
nice idea and good exposure for the lodge. Of course, our paranoid AON insurance company would probably go ballistic. This AON company IMHO needs to be removed and replaced with another company. They are killing lodges rental revenue streams with their paranoia.