The Maine Narrow Gauges (Historic & Preserved) > Maine Narrow Gauge RR Co. & Museum

Update on the move to Gray

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Wayne Laepple:

http://news.keepmecurrent.com/gray-getting-railway-project-on-track/

Glenn Christensen:
Thanks for the link Wayne!

Best Regards,
Glenn

Joe Fox:
Interesting read.

Brian Hardy:
From my far away place in Australia, I cheer on the efforts of all organizations that help preserve the wonderful world of Maine two footers. So I followed Wayne’s link, read it with interest and was encouraged by the contents.

I then thought I would go and have a look at Maine Narrow Gauge Museum site and check out their 2015 Report to see their fund raising progress and the picture there is not quite so rosy.

Now I am assuming that there is no separate entity that is stacking away their Gray relocation funds off the main accounts and if that assumption is right then Donations and Grants for 2015 have dropped some $20K from the 2014 level and their 2015 net income, which is calculated after counting in donations, is a loss of $32,548 which is nearly twice the loss they recorded in 2014.

Essentially rather than building up their finances, they seem to be going backwards financially at an increasing rate and this is despite their impressive growth in operating revenue. To me this is a worrying trend which might give a Gray Town Councillor doing due diligence some cause for caution.

Brian

Joe Fox:
One thing that may help as well would be to show the money raised, and a project goal.

I have been told by many that they don't have a lot of money set aside for the move. If they really have $500,000 already that is a decent start to their 12 million. I guess my point is if they hope to receive large amounts of money from others, many people want to see a public form of donation totals so far, and as a lady said in the article, a breakdown on how money will be spent.

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