Dist. 204 can't afford Metea site

[Arch]

I'm at a loss.. Are BOTH family names without living heirs or are there actual human beings with legal ties (outside of the lawyers managing it) to the estates?

[rew]

Helen Brachh's only surviving family is her brother, Charles Voorhees, He serves on the Foundations Board, perhaps his son as well, because I think there's more than one Vorhees on the Board.

I don't know anything about the Brodie estate.

[doctorwho]

momof3 said:

wvhsparent said:

This is news to me....really? where were the funds for this coming from? Enlighten me.

I didn't work on the '05 ref but I was one of those emailing and going to the board meetings begging them to buy all 80.
my understanding was that they only had the money for the 25 @ $257 and not enough for the additional 55 @ $240 - in addition, I thought the 55@ $240 deal was contingent on the referendum passage, so was it even valid when the ref failed?

IIRC -- they were looking to 'borrow' the money and some people went nuts -- using the saem 20/20 hindsight that criticizes the SB for everything - gee - that would have been a pretty good investment.

[bob]

Someone here said it was a 50/50 trust.

[momof3]

doctorwho said:

momof3 said:

I didn't work on the '05 ref but I was one of those emailing and going to the board meetings begging them to buy all 80.
my understanding was that they only had the money for the 25 @ $257 and not enough for the additional 55 @ $240 - in addition, I thought the 55@ $240 deal was contingent on the referendum passage, so was it even valid when the ref failed?

IIRC -- they were looking to 'borrow' the money and some people went nuts -- using the saem 20/20 hindsight that criticizes the SB for everything - gee - that would have been a pretty good investment.

I was at the sb meeting where they discussed it and GV spoke against the purchase. He did not get a standing O at that meeting.

[rew]

There goes GV and CFO saving me money!!!

[Arch]

Didn't they say NO to freshmen centers back in the day because we needed a 3rd high school instead? Or was that someone else?

[doctorwho]

momof3 said:

doctorwho said:

IIRC -- they were looking to 'borrow' the money and some people went nuts -- using the saem 20/20 hindsight that criticizes the SB for everything - gee - that would have been a pretty good investment.

I was at the sb meeting where they discussed it and GV spoke against the purchase. He did not get a standing O at that meeting.

That's what I thought -- would make a great investment banker.

But no one talks about those kind of moves - because lo and behold the sb would have been right.