from my understanding, the Mill was always destined to be an investment. It had origianlly begun
from the coffers of a group of "share holders" willing to back a proposal that had a win/win
outcome.
Either the gym did well and shareholders would get a return based on that or the gym was a shite
business but that land prices would increase around Collingwood.
the conversion next to the Mill was known for some time prior to the purchase of the Mill so there
was a very good chance that other property prices would increase. This is business.
As for making money, the Mill was close breaking even some 6-8 months after opening, but in
terms of returns to investors, they would heve been very low.
there were a quite a few "well known" climbers that would get in "gratis", its the only way to
operate, its a business decision to do so. As dodgy said HB would get in for free, and why not
hes a nice guy and a climbing icon. Imagine it..."oh Hi Mr Matheson, that will be $15 to climb, but
only after you pass the belay test"
great place though...lots of fun times eh?
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