RV Museum faces financial ruin...

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RV Museum faces financial ruin...

Postby cuyeda » Sun Feb 20, 2011 11:14 pm

An article posted on another message board about the RV Museum in financial troubles.

Click here to read more, and watch video.
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Postby GPW » Mon Feb 21, 2011 6:59 am

5 Mil owed ... sounds like BAD management ... Now they want a government loan /grant ... Ridiculous !!! :twisted:
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Postby robfisher » Mon Feb 21, 2011 9:10 am

While I understand your first reactionary call of mismanagement did you read the story. I'm not one to play the victim card often but if ever there was a case to throw it, this is classic.

The Hall has practiced sound principles in growth and money management during their history. Here, they were given a gift that they could not turn down and yet could not manage the cost of acceptance. It's like grandma giving her grandson a house he cannot pay the taxes on, let alone keep up with the maintenance. The kid is sure to lose the house in a matter of a few years.

The Hall was given a collection of trailers with no space to put them. Who would want to turn down the gift? These trailers needed protected and placed for viewing. So they went out on a limb believing in their mission so much they were blinded to the truth of the ability to fund it.

One other way to describe the situation is a company outgrowing themselves to failure. We've all seen it. Google "company growth challenges." You'll get 11 million hits on that one search.

The Hall is managed by dedicated people who have done a fabulous job of preservation and have provided a great experience to those of us who have been able to visit. I, for one, am sending a donation and I challenge you to the same.

Rob
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Postby GPW » Mon Feb 21, 2011 11:11 am

" The board has not been making payments on the loans but, Garpow said, it always assumed it could raise the funds when needed."

the key word here is ASSUMED ... :roll:
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Postby Mark72 » Mon Feb 21, 2011 9:02 pm

This is a shame that uncontrolled short sighted growth has to ruin what should be a iconic national treasure!I don't see where anyone was forced to get the hall of fame into so much debt! If the museum didn't have the space needed to house a donation like that they could have offered the use of some of the trailers to other museums for seasonal displays. Doing so would have reduced the immediate need to house the new addition. Also, lease of non display warehousing facilities would have been more sustainable while the board looked for ways to raise the money for future expansion.

I'm sorry, I can't see this instant gratification way of thinking. This type of behavior is what has come to be the demise of many companies that where the pillars of industrial society for hundreds of years. Short sighted CEO's so worried about making the numbers LOOK good for the next quarter that they are willing to do ANYTHING to make it happen no matter what it does to the company further down the road.

Sustainable growth that will last a hundred years dose not happen over night and has to be nurtured..

Mark
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Postby gregp136 » Tue Feb 22, 2011 6:33 am

Regardless of cause, it is sad.

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