After a week of daily meetings and brainstorming, the Friends of the Armory and city council members said Wednesday that they plugged new information into a business plan for the Armory Square renovation project and came up with an expected annual profit.
That's much different news than the board of the Marietta-Washington County Convention and Visitors Bureau shared last week, after months of working on a business plan. Then, executive director Jeri Knowlton said there was no way the armory could be self-sustainable once up and running and predicted a loss between $40,000 to $61,000 a year. The CVB then passed the business plan back to the city and said there was nothing more they could do.
Now, FOTA members have much different numbers in the plan, mostly by updating the rental cost from $10 per square foot to $15 and correcting an insurance expense.
We wonder, if a fix was really that simple, why it wasn't discussed earlier.
Were the CVB and city and FOTA officials not communicating well? Was the CVB board not given authority to problem solve if it ran into difficulties while creating the plan? Or was the CVB given a project they simply didn't have the time and resources to fully delve into?
We don't know for sure if any of that was the case but we hope, given the speed with which a new solution was found, that it is a real solution and not just a wishful thinking type of scenario.
FOTA members have said they want accountants and experts to look at the plan before it goes before council and we think that's not only wise but necessary.
We hope this is a good, viable solution and a plan that comes to fruition but all participating should check the numbers again, check the plan again and be sure.