Quote:
Originally Posted by Andrew Schreiber
So, what you're saying is that some regionals are too big to fail?
It's not "not living up to the satisfaction" it's "Not affordable". Huge distinction. One implies an arbitrary judgement, the other is a simple mathematical fact.
Not saying that LVR should end. Merely stating that pouring money into a project that shows no signs of becoming self sustaining is bad for building a sustainable business.*
* yes, FIRST needs to be a business. If Money Out > Money In we're all going to be in trouble soon.
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Your are right Andrew...the numbers from our regional suggest we are a good business risk. 43 teams at LVR were second or third event teams, contributing $172k to FIRST via registration, 8 teams were rookies contributing $48k before costs of KOP's deducted. If rookie KOP's cost FIRST even $3k then rookie contributed net $24k directly to FIRST plus the rest of the 43 teams $172k contributiions sent to FIRST totals +/- $196k. They kicked back around $30k I think. Leaves $166k in their pockets to service all of FIRST. Not a bad profit margin...
Regarding the largess of casinos and hotels...of course we approach them constantly but have never been able to get them to contribute a dime because every one of them channel their charity dollars into causes that help the down trodden and less fortunate residents of our area (more social good- will bang for the buck than helping to finance an event that serves well fed and educated students).