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To: onyx
The Boy Scouts have a 50-year, $1-a-year lease that is due to expire in 2007. The City Council in December renewed the lease at the Scouts' request for 25 years, with a city option to extend the lease an additional 15 years.

Under terms of the lease, the Scouts must spend $1.7 million over the next seven years to upgrade Camp Balboa. The Scouts also are required to pay the city an annual administrative fee initially set at $2,500

It sounds to me like the Boy Scouts have had a pretty good deal, although maybe not as good a deal as the Chargers. ;-)

115 posted on 08/01/2003 11:29:23 AM PDT by Scenic Sounds (Next year, the President will be re-elected but good!)
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To: Scenic Sounds
"It sounds to me like the Boy Scouts have had a pretty good deal"

What is so good about it???
They built the park, they have to pay out another 1.7 mill, and $2500 per year.

135 posted on 08/01/2003 3:03:16 PM PDT by AlexW
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