PPAC secret donor revealed to the public

Feb 24, 2011 Read more: The Paradise Post 8
If it weren't for a long-time Ridge resident, the performance of the BYU International Folk Dancers this Saturday would be the last performance on the Paradise Performing Arts Center's stage. Read more
ParaMom

Chico, CA

#1 Feb 24, 2011
As a community, we need to come together and maintain this wonderful asset. Some shows need to be priced so people of limited income can attend, perhaps matinees. The PPAC has always made itself available to the children of this town, hosting various fundraisers, as well as providing diverse and quality presentations of culture, arts, music. Without it, we truly are a back-water eddy.....
Magalia resident

Chico, CA

#2 Feb 24, 2011
Very nice to leave the money to the PPAC. Hopefully is it the recharge they need to get more funds in and pay off that loan. PPAC has hosted numerous event's and show's put on by local student's, dancer's, etc. It has been great and I would love to see it be able to host all of the district's play's etc. from the school children. The auditoriums just dont have the accoustics or room to host. ALL parent's would pay to see their child in a play, etc. at the PPAC. Maybe they should come to some sort of agreement with PUSD to hold function's there for all the school's and charge for them.
I have got an idea

Chico, CA

#3 Feb 24, 2011
The article says the board is looking for a way to invest the money to earn some interest. How about using ALL the money to pay down the debt and get Robobank to refinance the lower amount with lower payments. That's the ONLY "guaranteed" way to get any interest in the current economic environment. Guaranteed 5% or 6% or whatever they're paying. And what ARE they paying on $420,000? I've never heard a peep about the terms of that loan.

“Pog Mo Thoin”

Since: Feb 08

Magalia, CA

#4 Feb 24, 2011
Who are the numbskulls on the board that they hadnt considered using the facility on a rental basis before now???

And who's the genius who wants to risk investing the money in shaky stock markets instead of paying down the principal????

Migod, Im beginning to think that the financial woes were self-inflicted…and if Im right, the LAST thing those board members should be doing is creative financing. They should be using that miracle money in a way that would have the most far reaching effect--PAY DOWN THE PRINCIPAL. At the very least it would put the organization in a better bargaining position to request better terms on any future financing….

*shakes head*
Scholar

United States

#5 Feb 25, 2011
irishgrl wrote:
Who are the numbskulls on the board that they hadnt considered using the facility on a rental basis before now???
I don't see how this "rent-it-out" strategy solves the issue. The PPAC is still located in a smallish, economically depressed area where it's difficult to sell a full house. SOMEONE (numerous individuals, in fact) still has to have the wherewithall to put on profitable events and performances, or there'll be no rent money coming in. Where are promoters and organizations that are knocking on the PPAC board door to rent the place? If the PPAC were a premier venue, there'd already be dozens of offers on the table.

Anyway, what an incredibly selfless gift.

It occurs to me that more people might be able to will sums like this to good causes if the stupid inheritance tax didn't eat up so much of people's estates.

“Pog Mo Thoin”

Since: Feb 08

Magalia, CA

#6 Feb 26, 2011
Scholar wrote:
<quoted text>
I don't see how this "rent-it-out" strategy solves the issue. The PPAC is still located in a smallish, economically depressed area where it's difficult to sell a full house. SOMEONE (numerous individuals, in fact) still has to have the wherewithall to put on profitable events and performances, or there'll be no rent money coming in. Where are promoters and organizations that are knocking on the PPAC board door to rent the place? If the PPAC were a premier venue, there'd already be dozens of offers on the table.
Anyway, what an incredibly selfless gift.
It occurs to me that more people might be able to will sums like this to good causes if the stupid inheritance tax didn't eat up so much of people's estates.
The point is, it would help pay for itself on that basis, rather than by ticket proceeds alone. Should have been done a long time ago.
Geez

United States

#7 Mar 1, 2011
Scholar wrote:
<quoted text>
I don't see how this "rent-it-out" strategy solves the issue. The PPAC is still located in a smallish, economically depressed area where it's difficult to sell a full house. SOMEONE (numerous individuals, in fact) still has to have the wherewithall to put on profitable events and performances, or there'll be no rent money coming in. Where are promoters and organizations that are knocking on the PPAC board door to rent the place? If the PPAC were a premier venue, there'd already be dozens of offers on the table.
Anyway, what an incredibly selfless gift.
It occurs to me that more people might be able to will sums like this to good causes if the stupid inheritance tax didn't eat up so much of people's estates.
And I repeat (in a similar post), if Laxson Hall can snag big acts (like Poundstone and Willie Nelson) but is not nearly as nice a theater as PPAC, there's more than meets the eye. Like, was the PPAC run into the ground by design or my incompetency? Don't forget, the Paradise town manager was the President of the PPAC Board, appointed inexperienced personnel for position(s) that required theater/entertainment experience and connections but had none, then behind closed doors of the community, sold (but the ink hadn't dried) the property to the Paradise School District. One doesn't have to be a rocket scientist to realize something wasn't kosher.(PS: Bet ya' the PPost drops this article from one of it's most read real quick after reviewing this particular post).
J Doe

Chico, CA

#8 Jan 8, 2012
I've heard that the board also refused a 750 k grant that would have paid for a reduced price/free 2011-2012 season because they would have had to book to area youth and provide community collaboration. How idiotic is the board, one, and think of that lost 750k...and the deal with the school district, and...and...and... When they whine about $.

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