Quote:
Originally Posted by fatlazyless
According to a spokesperson from the Lakes Region Conservation Trust, the newly renovated Castle in the Clouds will become one of the most treasured go-to venues in New Hampshire what with its location, views, historical building restoration and future musical-cultural-historical-artistic-educational intellectual events to be held up there.
It sounds like the M-Boro Board of Selectmen are just starting to take a look-see and are all keeping an open mind on this item.
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FLL thanks for including what you could remember form the article.
My guess is the reason for looking and evaluating the tax exempt status of the property, is for the text a have highlighted in bold. If they are going to start using the land for more then a tourist attraction, and the occasional car show etc. Then the land is essentially being used for a profit making enterprise. My guess is the town is looking at the aspects if there are decent revenues being made from events being held on the property, for which the town is responsible for providing emergency services for if something happens, That the town should be compensated. I am all for providing tax shelters for organization, that are working on a non-profit model. However if they turn a piece of property into a money making enterprise hold events on a regular basis... then that part of the non-profit organization, becomes a profitable entity, and should be made to come out from under the tax-shelter.
I have always had an issue with the LRCT, as I believed when they took over the Caslte they had motives to start engaging in more profitable endeavors. I am not saying that I don't think they aren't still trying to preserve valuable areas. But I am saying that I believe they are trying to make their non-profit a bit more profitable. And this I believe in a case like this, LRCT if they intend to make the Castle a profitable part of the trust, should have to pull the Castle out from underneath the non-profit wing, and run it as a profitable enterprise.