Editor’s note: John Kennedy, the author of this letter, is a board member of Evanston Community Lakehouse and Gardens (ECLG). This organization submitted a bid to the city’s Request for Proposals for rehabilitating the Harley Clarke mansion, and is in competition with the proposals from Celadon and Farpoint/RATIO discussed in this letter. Reviewing the financial operating plans of the proposals can provide an insight into each of the operations going forward. Caveat: This analysis is based on a lot of assumptions because the financial operational plans and financial structure have not been made public. The portion a venue like Harley Clarke could claim as revenue is from rental of the venue, catering, and maybe transportation.

Source: Wall Street Journal October 14, 2024 02:33 UTC