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The Verde Independent | Cottonwood, Arizona

home : opinions : letters May 28, 2016


3/21/2013 1:01:00 PM
Letter: Let Ranch House go to bankruptcy

Editor:

The newspaper has been more than fair by printing a variety of my opinions concerning the ongoing disaster at the Beaver Creek Golf Ranch House and Golf Course. I ask that you please indulge me one more time.

Jon Hutchison’s article posted on your website on March 19th 2013 was an accurate, unbiased description of the Beaver Creek Restaurant meeting for public consumption hosted by Maggie Holt, acting president of the group. I liked the style of the article because it allows the viewer to read between the lines.

The first line we should interpret is The President, Maggie Holt said the operation was losing $9000 a month. Did she say that with a straight face? That’s $108,000 per year. How is that sustainable? The next paragraph states that Maggie encouraged everyone to patronize the restaurant. That’s funny, I mean laugh till it hurts funny. It’s impossible to turn a $9,000 a month loss into a slight profit and be competitive in the small community of Beaver Creek.

I must give credit where it is due. Acting BCCDC President is either brave, naïve or invested a bunch of cash into the money pit. I’ll bet its all three. The other board members Janet Aniol, Sharon Brooks, Bill Smith and indicted ring leader Kala Pearson’s husband, Frank Greene all have a lot of money sunk into the failed project. Why else would they carry on this charade? None that I know of have ever run a successful food and beverage enterprise. Not to mention an 18 hole golf course.

Those of us who sit on the sideline and chose not to be scammed just had to look at the mastermind Kala Pearson and her past business experience to note that this was a “no go” from the very beginning. We still have our money and/or time. In the end the fairytale turned into a tragedy. Maggie, there is no more money to be had, those of you who blindly invested must realize it’s gone.

It’s time to let nature take its course and declare bankruptcy, let the property be foreclosed and walk away.

William Dwyer

Beaver Creek



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