Actually, the best chance someone has to make money off of this is have these guys build it, then buy it for a nickel on the dollar on the bankruptcy sale.
That model worked great for a golf course north of Columbus. The original guy way overspent putting it in. It is a beautiful facility but no way he could cover the original investment. At bankruptcy I think it went for about 10% of the original investment. Now it is doing fine.
Excellent observation.
Basically you are saying… “If I had no interest and debt carry, I could make this work!!”
with the interest and paymnets on $30M (prob at 8% min), It would be nearly impossible to stay solvent. Overhead on this thing would be a monster. Pavement cracks, tents tear, grass needs to be cut, lights need to stay on, water purifiers running constantly, repairing holes in the OWS liner. some staff, ext, ext, ext…
PERHAPS something like this can make ends meet with a inflow of cash from USTA, but then Set-Up would most likely lose a lot of operational control.
One last thing… Lets talk about the 50 RV sites… Is there that much of a demand for RV sites? I have a few Tri-Friends that roll around in RV’s… But, they don’t seem to be the rage in the triathlon community.