Board Minutes December 2023: Difference between revisions
→Executive Director's Report (10 min)
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*Greg: It depends if we configure it as a storage space or a retail space. It's hard for me to make that decision. There's a few different spaces available to us at the Orange Hub. One space could work very well as a workshop. None of the spaces would work well as retail spaces. By closing the south shop, we lose opportunity to gain revenue. | *Greg: It depends if we configure it as a storage space or a retail space. It's hard for me to make that decision. There's a few different spaces available to us at the Orange Hub. One space could work very well as a workshop. None of the spaces would work well as retail spaces. By closing the south shop, we lose opportunity to gain revenue. | ||
*Marcel: To remind people, our south shop is on a month to month lease. To be honest, in that area of town, there's a lot of vacant spaces. We might be able to stay awhile. I do get nervous about being kicked out though. The other thing is that in both budget scenarios, we are still in some financial jeopardy. Even with a balanced budget, we are losing money right now, and might not be able to make it to the summer to recover. | *Marcel: To remind people, our south shop is on a month to month lease. To be honest, in that area of town, there's a lot of vacant spaces. We might be able to stay awhile. I do get nervous about being kicked out though. The other thing is that in both budget scenarios, we are still in some financial jeopardy. Even with a balanced budget, we are losing money right now, and might not be able to make it to the summer to recover. | ||
*Matt: The Orange Hub right now is stranded, but it will eventually be wrapped around by the LRT. It could become a very useful retail space, even if it's used as a storage space for now. | |||
*Keith: Bankruptcy is obviously not the goal, so there is value to the Orange Hub, because a $1 lease is useful as a fall-back. | |||
*Coreen: Any move will come up with a significant cost up-front as well and need to consider. Do we have that money to invest before we have our major cash influx? | |||
== Approval of Agenda, Minutes, Reports (5 min) == | == Approval of Agenda, Minutes, Reports (5 min) == | ||