Norm;

This is the larger issue. We do not have management capable of operating a business. Success to our BOD & GM is a large crowd, not whether resources are managed well or the bottom line. As Joe points out, at the Beach Club no one pays much attention if it makes $50K even though perhaps it should make $100K. And catering makes sense, if we can do it in the space available, since it does produce better gross revenue.

The issue is poor management top to bottom. I see no reason why the current Yacht Club should not have been breaking even. With proper management it should have. Proper hours and cost control could have achieved that and the current referendum would probably have a better chance of passing, not that is won't anyway. Effectively managing whichever facility is there is what is required.

It makes me wonder how much of our assessment is squandered through ineffectiveness in other areas of operation where no P&L is available.