Hi Chris:
Thanks so much for the insight. Please let us know if you have any firm leads.
Best, Mike
-----Original Message-----
From: [address removed] [mailto:[address removed]] On Behalf Of Chris Maresca
Sent: Wednesday, February 17, 2010 7:38 AM
To: [address removed]
Subject: Re: [ERT-SF] think Cafeteria or Breakfast
A business with a large conference room could easily accommodate ERT -
most law firms would have the space. On top of it, they could be
labeled a sponsor.
I don't have any immediate leads, but it seems to me that it should be
possible to identify a business able to host. I might have some space
available in the near future, but there would be a cost.
Chris.
==
Chris Maresca - M&A, Business and Technology Strategy
[address removed] / +1.[masked] / www.chrismaresca.com
skype: ckmaresca / LinkedIn www.linkedin.com/in/chrismaresca
nathaniel berkowitz wrote:
> Regret I cannot specifically call out a downtown restaurant/cafe that
> might be induced to take on the ERT for the sale of a full breakfast at
> $5-15 dollars per person. I years past that was the inducement of the
> Press Club (many years ago) or the cafeteria at One California St in the
> distant past. Maybe an off the wall idea would be start with Hilton
> and a private dining room --with Bud we did a few meetings in the old
> breakfast room without privacy. Thinking again out loud, perhaps a
> China Town / Grant Avenue location?
>
> Nate
> nathaniel berkowitz, sausalito california
> tel: [masked] fax: [masked]
> email:[address removed]
>
> --- On *Tue, 2/16/10, Michael Bradley /<[address removed]>/* wrote:
>
>
> From: Michael Bradley <[address removed]>
> Subject: [ERT-SF] Important ERT Announcement PLEASE READ
> To: [address removed]
> Date: Tuesday, February 16, 2010, 2:11 PM
>
> Dear Fellow Members:
>
> * *
>
> As you know, our departed member Bud Moose, was the prior owner of
> the Hilton Financial District and was allowing us to use it at a
> dramatically reduced (effectively free) rate for the last few years.
> After his passing, *we were informed that the hotel could alter our
> arrangement at any time. That time has come.*
>
>
>
> On Friday, Kevin O?Brien, the manager of the Hilton (see the
> attached email), informed me that *the hotel will be increasing the
> rate of our room rental to $500.00 per meeting.* It?s unclear on
> whether this is effective immediately, but it?s likely to be soon,
> if not immediate. I?ve requested a meeting to discuss this with him,
> but as his numbers show, the charge is quite reasonable and they?re
> offering us a considerable discount to their retail rates.
> *Currently, the ERT budget cannot accommodate that rate. Decisions
> must be made.*
>
>
>
> Nat Schmeltzer is investigating an option with a current member?s
> office conference room and we also have members investigating the
> following other options:
>
>
>
> 1. Marines? Memorial Hall (609 Sutter)
>
> 2. University Club (800 Powell)
>
> 3. City Club (155 Sansome)
>
> 4. Regus Office Centers (various locations downtown)
>
> 5. Federal Building (7^th and Mission)
>
> 6. Screening Room at 580 Market Street
>
> 7. Mechanics Library (57 Post)
>
>
>
> *Any ideas beyond these places would be very appreciated.* Remember
> that whatever room we look to, it must be able to accommodate 20
> people and coffee service (at least).
>
>
>
> So, while we currently have some ideas on where to move, we may be
> confronted with some difficult choices. From what I?ve seen (and
> I?ve done a decent amount of research on this) - most other spaces
> will be much smaller (e.g., the Mechanics library officially only
> seats 14 in their conference room) and there are considerable other
> issues with location, equipment, etc.
>
>
>
> The facilities we use are more important than it has been in past
> years. It?s difficult to imagine having speakers without audio
> equipment (for members who are harder of hearing) or a projector (to
> display onscreen presentations) and consequently, it?s reasonable to
> expect that /anywhere/ the cost will exceed $150 a week (Food $50,
> A/V $100). So, based on the assumption that it costs $150 week x 50
> weeks, we?re looking at $7500 / year /minimum /for just those
> basics. The current budget was about $3,000 annually last time I
> checked. *So, regardless of what we do next, (1) membership dues
> will likely need to increase, (2) or we will need to start charging
> for meeting attendance, (3) or members will need to seek out
> donations to the club, or a combination of all three. *
>
>
>
> * One of the great strengths of the Economic Round Table is
> its diversity, and I think we need to be very careful to make sure
> that any changes in dues don?t prevent certain standing members from
> participating. That having been said, I think we need to seriously
> consider increasing the ERT?s membership dues to a rate of $350
> annually (or about $7/meeting). Assuming that 25 members pay the new
> dues, this would bring us to an annual budget of $8750 or $175/meeting.
>
>
>
> * Another alternative would be to continue charging the
> current membership dues, but to charge for meeting attendance. This
> is not an ideal solution, as it would require someone to collect at
> every meeting, but this is possible, in my opinion.
>
>
>
> * Finally, I also know that many members have the ability
> and /would/ pay more ? if given an opportunity. But, given the
> non-charity status of the ERT, I suggest that we consider methods to
> allow some members to make larger dues payments. (Perhaps allowing
> members to become ?Sponsoring Members? or something at a higher rate?)
>
>
>
> I?m asking all interested members to reach out and provide
> recommendations on how to address this challenge. I?m going to stay
> after tomorrow?s meeting to host an impromptu club business meeting
> to discuss this. Anyone who would like to help in searching for a
> new location (or with recommendations on how to stay at the Hilton)
> please let me know / attend that meeting. *While I appreciate any
> advice on this matter, what we primarily need are (1) people
> prepared to contact and negotiate with potential locations or (2)
> who are interested in making a gift to the ERT.*
>
> * *
>
> I?m confident that we can work out a solution, both short and long
> term, but we need your help to do it. In its 70 year history, the
> ERT has endured several challenges and every time the membership has
> found a way to make sure the ERT survived and subsequently thrived.
> In that tradition, *I?m calling to you to keep our unique
> organization together for another 70 years.*
>
>
>
> I look forward to your help.
>
>
>
> Yours, Mike Bradley
>
>
>
>
> *Michael D. Bradley, CFA** *
>
> Bradley & Company, LLC | Private Wealth Management
>
>
>
> 201 Mission Street, Suite 2280
>
> San Francisco CA 94105
>
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>
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>
>
>
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