Monday, May 11, 2009

Boys School Advertising

-------- Your tax dollars at work ---------

Inquiring Minds Want to Know.....

One of the comments posted today wondered about the marketing effort and advertising that was done for the sale of the Boys School. Here's the information that is available. Remember.... this is after Mr. Anderson had gone to Toronto and Vegas to hone his real estate management and development skills. (More about Vegas later.)

Advertising Expenses reported in Frank Anderson's affidavit in the Fraudulent Conveyance case brought against SWSDA show that the RDA spent $2,898.08 on advertising in 2006 and 2007.

As near as I can figure out, $86 dollars was spent in May 2006, and $365.97 in April 2007 (after the property had been sold).... the balance was spent on advertising for the "Call for Proposals" in the Coast Guard, Vanguard and Chronicle Herald in February and March 2007.

Mr. Anderson's affidavit also shows expenses in May 2006 of $12,631.26 under what is euphemistically called "Marketing Projects" paid to VIBE Marketing and Communication, one of the MacDonnell Group of companies at the time.

The total of these two ($15,529.34) was paid for out of the $600,000 provided SWSDA as a "Maintenance Fund" for the Boys School provided by the Department of Economic Development in September 2005.

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