So 20% down on 1.6M is 320K… divide that by 1500 members and you get a smidgen over $213 per member.
Why not do a fund drive from membership and do a fundraising sale to help DMS buy a new building? Ask the city the building is in to give a grant to also help with the down payment.
Interesting, REIT’s are the vehicle that finance most Medical Buildings next to hospitals. Several health services companies and a mix of doctors funds the REIT to build the office suites. And many of those Doctors have sweet rent rates and they help pay back their own investment.
If you know someone with that kind of resources that would bet on DMS being around with resources similar to our present situation for 10+ years, that’s awesome.
I wouldn’t take that bet with our contentious governance and refusal to adopt a structure appropriate for our size that encourages the sort of stability that arrangement demands.
3.d. Abandoned National Guard Facility at Central Park
At the request of Mayor Pro Tem David Gibbons and Council Member Rich Aubin, Council is requested to discuss the proposed use of the abandoned National Guard facility at Central Park for “maker space” operations.
The oldest and largest of the three armory buildings was built in 1956. There is 38,000 square feet of classroom, repair shop and warehouse space, but Garland officials say it would take $7 million to renovate the buildings. The council is instead considering razing them as it plans the skate park along Glenbrook Drive.
I’d be willing to bet that soil remediation would have to be done as well. It was after all a military complex and we know how they like(d) to just dump stuff.
American Airlines area in Dallas and the entire Victory development is
built on a brownfield site, There was a power plant there and a slughthouse among other
things