It’s time to challenge President Proudfoot’s statements about the drain and opportunity cost of the Vincentia premises on the Country Club.
Opportunity cost is the potential benefit forgone by choosing another option, and the President continues to state that Vincentia “owes the Country Club” for the debt that the Country Club took over, plus the money spent on the premises, plus the opportunity cost, while failing to acknowledge the increasing asset value of Vincentia premises since the amalgamation.
FoVGC Inc's Vice President Rosalie Wood's presents an alternate view summarising Country Club investments and debts from the 2017 financial year until now, and charts the extensive debts incurred during this time, the majority of which happens to be from land purchase and SGB renovations.
This is a MUST READ for all Country Club members, and residents of and visitors to the Bay & Basin area.
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