![]() ![]() Section 5: OPA Board Subject: End It NOW! Msg# 1219393
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Leasing is not some new and unusual way of running a restaurant business.
I believe two bidders proposed leasing. At any rate, I was responding to your comment essentially suggesting TOI was doing OPA a favor. Not so. As for the Ortt contract and its provisions, keep in mind this is what the Board approved back in 2017. Two years later, Doug Parks and the then board was then primarily responsible for doubling Ortt's management fee from $100,000 a year to $200,000 a year and perhaps increasing Ortt's share of any profits. I hear the word at the time was "Give Ortt whatever he wants." It seems Ortt did not even have to ask. Ortt cannot be blamed for the board granting him a sweetheart deal. In fact, had Ortt's contract expired about a year or so ago, my guess is the board might well have taaken the same approach - give Ortt whatever he wants. One of Rick Farr's campaign promises was to get Ortt signed to a new scontract. Something shifted the internal board politics in thr last year. We may never know exactly what. |
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For reference, the above message is a reply to a message where: The TOI lease means that they have some skin in the game. OPA is guaranteed the lease payments, with the potential for profit sharing. Did either of the other bidders offer or accept such an agreement in which they had risk involved? I wish them success. |
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