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Jetero owns 5 surveyed 10 acre plots, each having 300 ft. +/- highway frontage At $10,000.oo per acre equity, that makes a nice leveraging equity of $350,000.oo. Not too shabby. [8D]



Jetero can and should be like Bomber Field. First Class, with no economy-coach seating. [>:] That WAS the initial plan.

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Second mortgage? We can barely pay the note we have. Are the dues set too low ? I would pay more. But the club must stop turning away sponsership and equipment. Its difficult to understand. Its not that the club has acted cheap. Its that the club just keeps spending. Now we have spent ourselfs into a corner. Upgrades won't be in our lifetimes, if the club even lasts that long. Urban sprawl and high land values are a threat, not an asset.

The night we voted to move to the new site, the president of the club at that time told several of us that the new site would have a paved runway. A deal had been worked out. And we pulled the trigger and voted for the purchase. It was sold to us that it would be another bomber field. It was more of a sales pitch than a plan. Most of those people are gone now. Walked away for various reasons. And of course the runway fund was a half hearted attempt at best, and at worst was a diversion. Comprised entirely of donations, wasn't it ? And nobody wanted a cold roll, it had to be a hot pour and it had to be everything at once. 50X600 and the pits. Geeze, that would have cost nearly 40k back then and Lord only knows how much now. I found a guy that would do a cold roll for about 12k, but when polled via telephone, most members didn't even want pavement. Said it was hard on airplanes. Jet rallies ? Electric rallies ? Scale rallies ? Blank , cold stares from under those Massey Furguson hats. Us host ? It was the wrong time and the wrong audience.

The window of opportunity will be open for just so long. When people sense the urban sprawl approaching, they will know the club's days are numbered. Each year that passes, the likelyhood of Jetero being developed beyond its present status diminish more. And while that window has been open, Jetero has been finacially stretched to the limit and incapable of expansion.

I would love to see our club developed to its potential. But I think we might need to restructure the club's debt. And I think the core of lifetime flyers might need to pony up a couple large and just do this thing. Do it right. And do it soon.