Quote:
Originally Posted by bigdog
So the net profit returned to Belknap Count residents is actually $150k, after paying bonuses... IMHO think these salaries & bonuses for 'County' employees is excessive, but this is just my opinion.
Thanks John for the explanation, much appreciated !
|
No. It is $250K, plus enhancements based on a formula.
It works like a standard lease deal.
Gunstock is a county-owned assets, but it works like a private entity with the GAC being the principle and the County Commission leasing the property to them.
After they pay the ''lease'', the GAC can use the revenue in any way they feel will enhance the future of Gunstock.
The management must be worth the salary... they only resigned for a short period and the new GAC went out of their way to hire them back.