--- In FairfieldLife@yahoogroups.com, "markmeredith2002" <[EMAIL PROTECTED]> wrote: > A section of this series documents the TMO's history of purchasing > properties with some grand golden expressed purpose (meditation > centers, ayurvedic health spas, etc.), but then in every case not > taking any steps to implement the plan, but instead letting the > property deteriorate (to the consternation of the community) while the > TMO tries to sell it for some exorbitant price. >
Except that's not always the case. And in the case of the Camelot, it looks like it was already run-down, and there are still attempts to make it a Peace Palace. While the Movement has often made a good profit on real estate deals, its not the case that every (or even any) of the purchases were made solely with that in mind. Take the old TM Capital in Phoenix, which was originally a hospice run by the LIttle Sisters of (something or other) which eventually went backrupt. The TMO bought it for a song and started some decent rennovation projects on it, employing locals in the process, who were VERY happy to have the work. Then Summer happened, and whoever was in charge had never used AC for a giant building before. Rather than sealing off the 99% unused portion (this was a HUGE building --about or more than the square- footage of the entire MUM campus minus the domes) and using room ACs, they started up the main building AC. In one month, they racked up a bill of about $20,000, just for the AC and blew the entire year's budget. I believe they manged to sell it, but its doubtful they made much profit. ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/JjtolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> 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/
