Last time, we interrupted our series on “The Seven E’s” and the State of the Conference for a final farewell and salute to our former Adventist Book Center Manager, as well as a comment on the world-wide attention garnered by our Catholic brethren in the election of their new Pope.
We were to re-start our discussion on the next “E” in The 7 E’s-Equipping Our Workers. However, I need to share with you some late-breaking news: On this past Thursday, April 11, the Executive Committee voted to accept an offer of $700,000 to sell our camp ground in Shelbyville, Tennessee.
We purchased this property, which includes 500 plus acres, around 1997. Unfortunately, said property remains essentially the same as it was when we purchased it. Very little development has taken place in the 16 years since we purchased it.
As a result, we have a property that just sort of sits there. It certainly looks good while it is sitting there, but still, it’s just sitting there.
And, while it is sitting there, it is costing money, to just, sit there. According to the figures that I received from our Treasury Department, the final 3 full years that our campground was in operation, its expenses totaled over $300,000.
Conversely, the total revenue for the camp ground those final 3 years was $681.00. That is an average revenue of approximately $230.00, per year, or, less than one dollar per day. Please bear in mind that figure is:
The total revenue-not the total income, and
That is the total revenue for 3 years not for one year.
Put another way, our campground lost $100,000 every year, for its final 3 years. No matter how ardent any of us may be about owning our own campground, it is pretty hard to make a case for continuing to […]