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Projected Annual Revenue and Expenses*
To accomplish his goals, "the Design Team" has provided projections on how self-supporting the Center can be.
- Rental income, service fees, admission, grants $173,440
- Salaries, benefits, staff wages, maintenance, equipment, $150,000 supplies, utilities, heat, insurance, and taxes.
- Brochures and business plans continue to push the idea that the Millinocket Historical Society will be a predominant feature, claiming that they are interested in renting space, at a cost of $600 per month, from the future Katahdin Cultural Center.
- In fact, the Historical Society has stated that under no circumstances will they be located, or have displays, in the "cultural center".
- Katahdin Area Television (KAT) has also been slated as a potential rental entity at a cost of $300 per month, even though it is a non-profit organization with funding available only through sponsorship and donations.
- While there are two other coffee shops located in the vicinity of the proposed Cultural Center, one to the front of the building and another directly behind, I have to question the accuracy of the $400 projected income for including a coffee shop in the plans, as well as consider how this will impact these well-established businesses.
- Little has been said about the three retail businesses that will kick in another $900 per month.
- Hollowell's estimated income from rentals is sadly over-optimistic.
For more information, you can go to Magic City Morning Star The Cultural Center Separating Facts From Fiction
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