THE FRIENDS OF ESTONIAN HOUSE BELIEVE AND SUPPORT REMAINING AT 958 BROADVIEW AVE. Estonian Life

THE FRIENDS OF ESTONIAN HOUSE BELIEVE AND SUPPORT REMAINING AT 958 BROADVIEW AVE. Estonian Life (15)

Eestlased Kanadas | 14 Apr 2017 | EL (Estonian Life)Eesti Elu

This is NOT about sentimentality; IT IS however, about common sense and fiscal responsibility. Common sense dictates that the only practical, sensible and responsible choice is to keep this valuable asset and systematically re-develop and revitalize it to be the heart of the Estonian and local Broadview Ave. community.

We view Estonian House from a SUSTAINABLE and ATTAINABLE perspective.

SUSTAINABLE because rental income will increase through proactive marketing of improved/remodeled rental spaces. Presently marketing is non-existent relying only on past repeat renters. The EH Board has instead spent all of its efforts trying to devalue the Estonian House rather than revitalize it.

*Please note much has been made of the fact that Estonian House has a $250,000 debt to ETCU due entirely to money spent for 3 failed condo/development projects. This is not an insurmountable sum, the same or smaller than a loan for buying a house these days. Tartu College also has a sizable debt that is never mentioned.

SUSTAINABLE due to the availability of grants which so far have not been tapped and which other cultural and community centers have been built on.

SUSTAINABLE because recent fundraising events have proven the willingness to give and the generosity of our community and the surrounding neighbourhood to our cause and the individuals associated with it.

ATTAINABLE because we can pull together as a community to revitalize and redevelop the Estonian House property that has been purposefully neglected by the Estonian House Board for well over 10 years in order to fill an alternative self- serving agenda.

We have many architects, builders, engineers, designers and landscapers in our community. We just need to ask for their support, be fiscally responsible and contribute some of the work ourselves, as a means not only to SUSTAIN Estonian House but, in the process create a re-energized, thriving community spirit that lasts from generation to generation.

Friends of Estonian House/ Eesti Maja Sõbrad are supporters of and volunteers for OUR Estonian House at 958 Broadview Ave.

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Too little but too late...24 Apr 2017 20:50

Due diligence refers to the activity and costs associated with investigating/analyzing of a proposed undertaking. if you look at last week's Globe, there's an article about the 2 CIBC Head Office towers that are to be built to the east of Union Station. There's to be a POPS (Privately Owned Public Space) - just as the City wants at Madison. And the whole process took 10 years to get to this stage. These are the time lines with development activities. You can bet that there are associated costs. Just like with Eesti Maja. Better to spend some money on due diligence rather than jumping in without the appropriate analysis and/or investigation.

to "too little but too late ..23 Apr 2017 12:23

Do you know what "due diligence" means? If so, please expound, in general, and with reference to the particulars of the 3 failed projects and the 4th proposed now.

In so doing, I hope you can explain to those who don't get it how the "due diligence" you're invoking resulted in over $200,000 going out the door, (0 results), for a project in which the boards of three other organizations were interested, but only Estonian House went into debt.

Too little but too late ...23 Apr 2017 07:17

We are at a critical juncture. Cooperation is required, not the casting of stones at the 3Orgs who have a proposal. Talk is cheap - those opposing the 3Orgs haven't tabled anything tangible. Lots of wishful thinking. I am entirely astonished at those who have not read the Special Resolution. It specifically outlines next steps (including the necessary due diligence). Perhaps the critics should reread this until they understand what the proposal is.

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Eestlased Kanadas

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