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Al Dolata's picture
Joined: 08/09/2007
Posts: 94
The CC does not have a short term problem

I just read the the RVT columnist's solution to the RMCC's problem.  Here it is: "...hang on to the lease FOR NOW, work with the landlord and, as members, be willing to provide SHORT TERM financial assistance" (caps mine).  This is extraordinarily uninformed.   The club's problems are not short term.  Hanging on for dear life to the lease "for now" only provides the opportunity for further deterioration of the club's position.   Short term financial assistance?  Probably not available, but if it were it would only postpone the inevitable.   The club needs to very promptly restructure it' s costs.  This should be done in an orderly manner, before it is too late.  It also requires a very substantial capital investment which is not available inside the community.   Time is of the essence.

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