Is the Chamber covering up for Streit?

Is the Chamber covering up for Streit?

Posted in the Shorewood Forum

Cover up

Naperville, IL

#1 Jan 16, 2013
Is the Chamber of Commerce refusal to release documents concerning their financial records to the members, an effort to cover up the fact that Steve Streit is a vendor on those statements?

Does his campaign for Mayor have anything to do with the refusal to release the records?

As a board member, how much money did he make off of the Chamber.

The members want to know.

GDS

Since: Dec 12

Location hidden

#2 Jan 16, 2013
Cover up wrote:
Is the Chamber of Commerce refusal to release documents concerning their financial records to the members, an effort to cover up the fact that Steve Streit is a vendor on those statements?

Does his campaign for Mayor have anything to do with the refusal to release the records?

As a board member, how much money did he make off of the Chamber.

The members want to know.
For dues paying members I think that's a fair request. Have they released financial information in the past ?
Chamber Member

United States

#3 Jan 16, 2013
I am a Chamber member and I asked one of the board members who told me that I can review financial information whenever I would like.

Do the people griping on here even bother to reach out to an actual person?
The members

Wheaton, IL

#4 Jan 16, 2013
The board has said that anybody can look at a computer screen, but there will be no printed financial records available. Sounds like a cover up to me. Every business and government agency can provide printouts immediately and the chamber can't? Maybe they don't want professionals to look at the books? Maybe the have something to hide? Like where the money went?

The Chamber also voted that only the board can appoint board members, in other words no vote from the membership. I guess with no oversight from the members then the board can do anything they want.

Are any board members being paid by vendors of the events? Where are the bills for the events?

Steve Streit, come clean.
disenchanted

Naperville, IL

#5 Jan 16, 2013
This whole thing is starting to stink to high heaven! Somebody call the State's Attorney!

I'm not going to pay dues to this sham.
Lockport Opinion

Lockport, IL

#6 Jan 16, 2013
Chamber Member wrote:
I am a Chamber member and I asked one of the board members who told me that I can review financial information whenever I would like.
Do the people griping on here even bother to reach out to an actual person?
People were told at the meeting that they couldn't give them the financials. Have you actually seen them?
Lockport Opinion

Lockport, IL

#7 Jan 16, 2013
There is an easy way to get the Chamber back under control and away from the board - STOP PAYING DUES! That's probably the only way we can hurt them now.

Did anyone see the email to the members? Here is their explanation and it is very scary. Please tell me how you go over your budget by 100% and don't have any second thoughts about it? Somebody should be held accountable for going so far over budget. Who is responsible for this debt?

"In 2010, the Chamber was approached by New Lenox mayor Tim Baldermann with a proposal whereby Baldermann’s company, D&B Consultants, would organize and plan a concert series event in Lockport similar to ones he had organized in New Lenox and Chicago Ridge which had proven to be quite successful. The idea of hosting a large concert-event in Lockport appealed to us because we believed it would be an opportunity to bring new people from around the Chicagoland area to Lockport and expose them to all of the things our town has to offer. Log Jam was held in August of 2012 and almost all who attended, including performers, raved of the location as well as the atmosphere and experience we were able to provide in Lockport.

To host the event, the Chamber was able to obtain a loan to cover start-up costs. The loan amount was determined by the budget prepared by our consultant, outlining expected expenses and revenues. Such loans are difficult to obtain in the current economic climate, however, the projections for the event were quite promising and were coming from a source with a wealth of knowledge and experience in putting on successful concert and festival events.

The budget estimated non-entertainment expenses of approximately $60,000 and gross revenues of around $200,000. The actual financial outcome of the event, however, was substantially different. Ultimately, the Chamber incurred around $120,000 in non-entertainment costs and received around $60,000 in total revenues. As for entertainment costs, we tried to choose acts which we believed provided a value to us as they were cheaper than some other alternatives yet still provided a ‘name’ that we felt would draw people to the concert. These bands were on the lower-end of the suggested budgets and cost around $60,000 total.

Part of the loss in revenue stems from a fierce wind and rain storm that hit on that Saturday afternoon (this storm shut down Lollapalooza in Chicago – the first time that event had ever been stopped due to weather). The Chamber did have insurance in the event rain fell during the event; however, the policy stated that the rain had to fall during a specific time period – between the hours of 6:00 and 9:00, and unfortunately the rain stopped around 5:15. Also, Lockport was in the midst of a sweltering heat wave which made it difficult for many people, especially those with small children, to come enjoy the event. The weather should not be blamed as the reason the event was financially unsuccessful but it certainly did not help.

As a board, we simply wish to make sure that you understand what happened with this event. We believe that the Chamber has had a long string of successes and that Log Jam was unsuccessful in only the financial sense. We hope and believe that the event will be able to continue, as we still feel it is a wonderful opportunity to expose those in neighboring communities to everything Lockport has to offer. We hope and believe that the event will be able to continue but we will need help from our membership and from the community to do that."

How the heck can your expenses be off by 100% and your income projections be off by 233%? One day of bad weather would not cause the projections to be this far off. Maybe poor planning, promotion and in over their heads is to blame???

Did someone really sign contracts to bring in big names like this without an exit strategy if ticket sales were down?
Printout

Geneva, IL

#9 Jan 17, 2013
It's been a month since the Chamber had a request for a printout of the books and still the coverup continues. When do we call the State's Attorney?
Abc

Chicago, IL

#10 Jan 17, 2013
Printout wrote:
It's been a month since the Chamber had a request for a printout of the books and still the coverup continues. When do we call the State's Attorney?
Go ahead and call. Losing money isn't illegal, so I'm not sure what you're complaint is. If you're charging fraud then you should call, but I'm not sure that there's any evidence of that.
Are you

Wheaton, IL

#11 Jan 17, 2013
Are you part of the coverup?

GDS

Since: Dec 12

Location hidden

#13 Jan 18, 2013
Lockport Opinion wrote:
"In 2010, the Chamber was approached by New Lenox mayor Tim Baldermann with a proposal whereby Baldermann’s company, D&B Consultants, would organize and plan a concert series event in Lockport similar to ones he had organized in New Lenox and Chicago Ridge which had proven to be quite successful. The idea of hosting a large concert-event in Lockport appealed to us because we believed it would be an opportunity to bring new people from around the Chicagoland area to Lockport and expose them to all of the things our town has to offer. Log Jam was held in August of 2012 and almost all who attended, including performers, raved of the location as well as the atmosphere and experience we were able to provide in Lockport.
To host the event, the Chamber was able to obtain a loan to cover start-up costs. The loan amount was determined by the budget prepared by our consultant, outlining expected expenses and revenues. Such loans are difficult to obtain in the current economic climate, however, the projections for the event were quite promising and were coming from a source with a wealth of knowledge and experience in putting on successful concert and festival events.
The budget estimated non-entertainment expenses of approximately $60,000 and gross revenues of around $200,000. The actual financial outcome of the event, however, was substantially different. Ultimately, the Chamber incurred around $120,000 in non-entertainment costs and received around $60,000 in total revenues. As for entertainment costs, we tried to choose acts which we believed provided a value to us as they were cheaper than some other alternatives yet still provided a ‘name’ that we felt would draw people to the concert. These bands were on the lower-end of the suggested budgets and cost around $60,000 total.
Part of the loss in revenue stems from a fierce wind and rain storm that hit on that Saturday afternoon (this storm shut down Lollapalooza in Chicago – the first time that event had ever been stopped due to weather). The Chamber did have insurance in the event rain fell during the event; however, the policy stated that the rain had to fall during a specific time period – between the hours of 6:00 and 9:00, and unfortunately the rain stopped around 5:15. Also, Lockport was in the midst of a sweltering heat wave which made it difficult for many people, especially those with small children, to come enjoy the event. The weather should not be blamed as the reason the event was financially unsuccessful but it certainly did not help.
As a board, we simply wish to make sure that you understand what happened with this event. We believe that the Chamber has had a long string of successes and that Log Jam was unsuccessful in only the financial sense. We hope and believe that the event will be able to continue, as we still feel it is a wonderful opportunity to expose those in neighboring communities to everything Lockport has to offer. We hope and believe that the event will be able to continue but we will need help from our membership and from the community to do that."
How the heck can your expenses be off by 100% and your income projections be off by 233%? One day of bad weather would not cause the projections to be this far off. Maybe poor planning, promotion and in over their heads is to blame???
Did someone really sign contracts to bring in big names like this without an exit strategy if ticket sales were down?
Thank you for posting the text of the email.

Just as I suspected. Great idea , poor execution and thought process.

My take not far off I believe: http://hellolockport.blogspot.com/2013/01/cha...

I don't think anything the Chamber did was illegal.

I definitely am not sold on this D&B Consulting firm AT ALL !!

GDS

Since: Dec 12

Location hidden

#14 Jan 18, 2013
Abc wrote:
<quoted text>
Go ahead and call. Losing money isn't illegal, so I'm not sure what you're complaint is. If you're charging fraud then you should call, but I'm not sure that there's any evidence of that.
Totally agree!!!!!!!!!!

Everyone here assumes that in Lockport an idea must strike gold immediately or it's illegal. At least the chamber tried. What have ANY of these posters done to advance Lockport?

I am sure these folks that think that way do not have that kind of success in their private life. If they do , then I am willing to go to Vegas with them. Cha Ching!

They very sad part is that the fallout from this is that Lockport NEVER will try again to crawl out of the same ol crap hole that they are in. Content to stay in the past thinking that every business in America is beating the door down to establish a location in Lockport. Thinking that what has worked in the past MUST work for the here ,the now and the future.

I see a lot of complaining here but very, very little in the way of constructive ideas about how to move Lockport forward. It's easy to tear something down but much harder to build something up. In other words criticism is cheap, actions much harder.

And to come on these boards and say " Lockport needs a Steakhouse' doesn't cut it.

Detailing how, why, where and when to implement Lockport having a steakhouse is more much constructive.

I fear that the jig is up and Lockport is what it is. Its citizens will continue to go to Orland, Romeoville, Plainfield etc and spend their hard earned money.

Sad, very sad seeing as in 1856 Lockport was THE shizzle in Illinois and we can't resurrect an ounce of that magic.
I know

Anonymous Proxy

#15 Jan 18, 2013
Let's get that tired old horse Ron C. to come up with ideas for us. He's been such a genius in the past, and Lockport's track record is nothing but success as long as he's been around. It's time for big changes!

OUT WITH THE OLD!
Lockport Opinion

Lockport, IL

#16 Jan 18, 2013
The chambers mess has nothing to do with politics and that is what this has become. Anyone trying to gain from this debacle is a person with very low character.

I surely hope that whoever is trying to blame this on one person to try to gain a political advantage realizes that they are being a fool.

Anyone on the board that voted for the pie in the sky vision of LogJam and allowed it to be completely mismanaged is to blame.

Keep politics in the gutter where it is familiar and out of what used to be a great organization that tries to do good for the city.

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