JJ, Actually I don't disagree with you now that you're switching the discussion to other than for profit ownership.
Let't be clear on one thing as we get further off the original topic though. I'm not saying that the Pony isn't, never was or couldn't still be profitable. This thread started with my question about whether anyone new if it in fact was profitable at any time. No one here seems to know for sure. Guesses only. I fielded some calls a few years back from 2 different entities that wanted to buy it. Turned out to be a no go. I actually tried to buy it myself at one point with a partner of mine, but a certain someone who was swearing in the newspaper that he was selling turned out actually not to be selling - at any price. Then a few short months later he did sell it. Go figure. --- In AsburyPark@yahoogroups.com, "jerseyjohn99" <[EMAIL PROTECTED]> wrote: > --- In AsburyPark@yahoogroups.com, "bluebishop82" > <[EMAIL PROTECTED]> wrote: > > JJ the assumption we were working under (which you started with > your > > Liberty Bell post) is a Stone Pony that loses money. Someone > still > > has to own it. Unless they are independantly wealthy and can > absorb > > the loss to keep it open for sentimental reasons, it makes no > sense > > for that owner to keep it. Business is business. Tillie is dead > > because no one could re-coup a $16 million investment with pinball > > machine quarters as a return. Economics rule (as it should). > > > No, Tillie is dead because the landowner has a lower tax obligation > on an empty lot than he has on land with improvements. Economics > rule. > > As far as "who should own the Pony if it was the Liberty Bell?" You > know the answer to that: it becomes a Common Good. (Please note, I > didn't say "Public Good", which would be the beaches, sidewalks, > and "Cobrahead" lights). I don't really feel like blowing the dust > off my Macro books to cite theories, but the typical response in > handling a Common Good is to set up a private foundation such as a > Homeowners Association, Merchant's Guild, National Trust, or any > other 501(c)4 organization to be the caretaker for the Common Good. > Do a little research on Lucy the Margate Elephant, for an example > of "Save CRUMMYOLDBUILDING" that works when you have a local > government that realizes they are merely custodians of the City's > treasures for the next generation. > > If you feel the Pony is better off dead than saved if not > profitable, do you feel the same regarding Convention Hall? Please > give me an example of a similar venue anywhere in NJ that is in > private hands? Apparently Asbury Partners is going to disprove > economic theories that have been around since Titus held his first > Gladiator Games in the Colosseum around AD 80. If I was a betting > man, my money would be on the dead guys. Heck, I AM a betting > man...anyone wanna lay odds? > > > As for all your Bruce facts, you forgot one: Bruce was never, > ever > > a booked act at the Pony. Not once. Not in the 70's, 80's or > 90's. > > The first time his name ever graced the marquee was in 2001 for a > > benefit show. > > > > I sure hope the Rock and Roll Hall of Fame doesn't find out about > > that little tid-bit. I always correct people when they claim the > > Pony launched Bruce or vice versa. > > > Technically, he was "launched" at the old YMCA in Freehold, but > we'll just build up these Asbury Park myths & get tourists spending > here before the Freehold Center Partnership figures out how to > market him. ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/Y2tolB/TM --------------------------------------------------------------------~-> Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
