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Old 12-03-2019, 02:45 PM   #15
airedale
is one Smokin' Farker
 
Join Date: 10-19-15
Location: City, MN
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Quote:
Originally Posted by midwest_kc View Post
... They are going to cut expenses through the sale of the building, so they are already starting on that. ...
I don't think we disagree, but a comment on the building sale: I don't know about KCBS specifically, but selling doesn't usually cut expenses unless the seller occupies significantly less space on a partial leaseback or the seller moves to cheaper quarters.

A quick look at the kcbs website didn't reveal plans for either, though they may be in place. The building sale ballot is almost useless, providing zero information to members about appraised price, leaseback plans, net proceeds after paying fees, any mortgage, etc. Really amateur hour.

But whatever cash they get will give them some breathing room. Hopefully they don't fritter away the respite.
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