Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

The entrance fee seems quite high, why?

entrance fee high quite
0
Posted

The entrance fee seems quite high, why?

0

The Club face a paradox situation on this issue…. On one hand, the Club is fortunate enough to receive a piece of vacant land from The Government of Hong Kong Special Administrative Region (HKSAR) to build up an airfield (IMAC). Unfortunately, associated cost of construction is high, and we have a schedule of construction works to be done to keep up with our land grant conditions with the Government. Up till today our Club spent over HK$3million on construction of facilities at the IMAC alone. It still requires more constructions and maintenance works, and these costs lots of money. Simple math has it that even all our members each contribute the full entrance fee the total amount could not make even half of the total cost that we spent up till now, not to mention the cost of maintenance. While the Club operates as a non-profit organization, it relies solely on members as funding sources. While some of our members are kind enough to advance loans and gifts to our Club for constructio

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123