R/C Tech Forums - View Single Post - Interest in restarting the club.
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Old 05-07-2019 | 04:06 PM
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liljohn1064
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No one reading this any longer?

I'm guessing we either need a wealthy benefactor, or 20 members to form the board of trustees. The trustees each come up with $1000 USD and sign the charter for this club. We then either decide to rent or buy. The preference would be to buy and retain a 15 year mortgage of $200,000 with 10% down. Yes, it sounds like a lot of money and a lot of responsibility. But, if the same 20 guys pay $1000 a year for racing up front, it's paid for in less than 10 years. If a trustee ever needs leave, they will be replaced legally. The club itself will be listed as a Non-profit and get the required liability insurance. I'm also going to post this on the Chicagoland Tracks Thread.
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