Reply to $2M no bid contract to Joftus wife? BOE to approve on 9/8

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It certainly looks like someone is making a tidy profit on the Kid Museum property.  According to this document, the Kid Museum Twinbrook Metro property was acquired by Thompson Twinbrook, LLC for $4.9 million, and the seller is now asking for $9.65 million.  MCPS Navarro was in the same group as Brewer, Lesser Lambert, Riley, Ossont, Dise.  According to the document, the council staff recommended $5.93 million to acquire the property plus $1M to design it.

Twinbrook LLC seems to be a shell company for "20 ENTITIES OTHER THAN CORPORATIONS", so it's difficult to trace who's actually behind the curtain.

https://opencorporates.com/companies/us_md/W17514605

https://opencorporates.com/officers/327141386

https://opengovus.com/virginia-business/L0169757
[/quote]

Is KID gong to move to twinbrook site?  That was talked years ago before they moved to Bethesda Downtown where real estate is very very expansive.  By the way, why does KID need to OWN a piece of real estate?  [/quote]
They don't own real estate, except in people's heads.

They're a non-profit and file annual reports. You can find them on propublica.

https://www.google.com/search?q=propublica+990+%22kid+museum%22+bethesda&source=hp&ei=58sdY-r4Aqef5NoPxPemsAE&iflsig=AJiK0e8AAAAAYx3Z9_8Ut4LJ7CHG66Y1JqpUeFYOcClh&ved=0ahUKEwiqiLnE1oz6AhWnD1kFHcS7CRYQ4dUDCAg&uact=5&oq=propublica+990+%22kid+museum%22+bethesda[/quote]

Technically true.  They won't own.  Looks like they will co-own?  I. Summary of Transaction, Challenges and Unknowns.

https://parentscoalitionmc.blogspot.com/2018/05/today-kid-museum-spokeswoman-is-emma.html?m=0

Not sure co-ownership of land works for a non-profit?  If they have an asset and go out of business, how does that work?  Do they get the money from the sale?  Non-profits pay out salaries.  There are a lot of charity CEO's who rake in over 500k.

The document also says the Council will provide matching funds from other sources?  Is MCPS the "other sources"?  And does that mean if MCPS provides 6m then the council will provide 6m?  That's confusing in itself since the donations from prior years amounted to 1.4m, so I'm guessing 1.4m is their normal annual operating budget according to prior filings?

Does that mean that all Kid Museum would need to do is open then shutter their doors the next day, and sell their ~5m interest in the property?

Also, that $4.55m price bump from 4.9m to 9.65m from purchase to sale was only from 2016 to 2019.  Double?  $4.55m in three years?  That's some nice cheese.[/quote]

Pretty sure the reference to "co-owning" in that document refers to the county and the city of Rockville co-owning the property, not the museum.[/quote]

That makes even less sense.  You're saying that the City of Rockville is giving them 5m, Montgomery County is giving 5m, and MCPS is giving 6m to them?

So how does that work?  Does Kid Museum pay rent to Rockville or MC, or both?  How much?  And why Kid Museum?  Why not some other non-profit?  How did Kid Museum become the most critical investment over every other non-profit?[/quote]
I don't think you're reading the docs correctly.[/quote]

Just reading what it says.  Navarro should know, right?  How is it not a 16m boon for Kid Museum?[/quote]

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