| Sam Sloan 2005-08-11, 8:34 pm |
| On 11 Aug 2005 15:35:41 -0700, "George John" <george@neosoft.com>
wrote:
quote:
>
>Sam Sloan wrote:
>
>[SNIP]
>
>
>Let's engage in the unthinkable and assume for a moment that Sam Sloan
>is correct. What would this possibly mean?
>
>1) The loss of an asset appraised at $256,000
>2) The possible loss of free rent until the building is complete
>3) The $45,000 paid to the architect will likely be a waste
>4) Whatever has been already paid to the construction company will be
>lost, and depending on how far along the construction is there may be
>demolition costs
>5) We will likely have to pay sizable cancellation fees
>6) We likely won't get a building custom made to our needs which will
>likely adversely impact employee productivity
>7) We will have short circuited a plan that had the support of two very
>different Executive Boards
>8) It will make it easier for insiders to move the USCF to a different
>location, an expensive and disruptive proposition
>9) We will have bailed out on one of the biggest and most public deals
>of the USCF's history, damaging the organization's public image, and
>making it less attractive to other businesses to partner with or
>sponsor.
>
>Best regards,
>
>George John
All of these terrible things will be much better than spending more
than $600,000 to build a building that will be virtually worthless and
unsalable once built.
Plus, we can always sue Beatriz, Harry Sabine JH Graham and the City
of Crossville for our money back, although I realize that the courts
in Crossville would not be well receptive to such a suit.
Sam Sloan
|