By Abnor. I read on Abbotsford Today that Mayor Banman says the Toffs up at Ledgeview have managed to get their financial affairs in order.
As investors in the Ledgeview Golf & Country Club (we bailed them out to allow them to keep operating after it was discovered they had used up their line of credit and were, in fact, in the red) citizens of Abbotsford have a vested interest in the news and, at first blush, it seems to be good news.
According to Ledgeview Golf Society Board Vice Chairman, Phil Dodd, “Today, I’m pleased to announce that we have a strategic goal of showing an operating profit of $75,000 for the 2013 fiscal year – and I believe we are going to hit that goal.”
Without putting too fine a point on matters, neither Banman nor Dodd mentioned when the money we gave them would be paid back nor whether or not the rent we forgave is going to be paid now that they say they’ll be posting operating profits in the order of $75,000 a year.
It would be nice if that information could be shared as well.
The other thing a lot of the shareholders of Abbotsford (with whom I meet regularly at a number of coffee shops and a few other Friday afternoon watering holes) would like to know is this …
Since we keep being told it is our golf course and since we bailed it out, are we ever going to get the benefit of a free round of golf at the course we own?
You may have to arrange a special bus for the homeless to help them get up to the top of the mountain but, with all the money you’re saving on chicken shit (I mean since you stopped spraying it on them … you did stop … right?). It might be a nice gesture.
Also; would someone mind telling us where all our money went before we had to bail the country club out?
Prior to the financial collapse of the club, we heard all sorts of stuff about Sodom on Sumas like bar bills going astray, cash registers being used like cookie jars by some members …
We even heard they lost hundreds of thousands of dollars on the bar (a phenomenal accomplishment for such a small operation).
As owners we’d like to know who was responsible for those losses and whether or not there is any truth to the bar bill or cookie jar rumours before we bury this story in the ‘Good News’ file.
Funny how, when they need our money they haul out hackneyed old phrases like ‘pride of ownership’ and call on our civic pride to justify letting those who lost all the money get away with not having to pay it back, but when it comes to those of us who are paying, our ownership doesn’t entitle us to know who screwed us over or how they got away with it.
It would be useful information just in case the same people are in close proximity to anything else we own or in case they were to … I don’t know … apply to run one of the private golf courses in town which are forced to forgoe the opportunity of taxpayer bailouts.
Just Sayin …
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Editor’s Note:Abnor joins us from time to time with a question or two about what he sees around him. He has plenty of time on his hands and he spends a great deal of his time wandering the streets of Abbotsford wondering about what he sees and hears. He’s a modern day hobo with a Blackberry.