Turner tells why he's gambling on takeover

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Turner tells why he's gambling on takeover

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Q. Who are you and what is

your background?

A. My name and address are

listed below.�I grew up in Riverdale, and have lived in Fayette County

for 30 years.�I am 54, married to Vicki Turner for 34 years and have two

grown daughters, Christy & Michelle. I am the president of AIS Computers,

a company I cofounded 21 years ago.

Q. What will be the structure

of this group?

A. This has not been finalized

yet. My initial thought is to form a group of approximately 15 investors

primarily made up of patrons of the center who would provide broad oversight.

There would also be a core group of 3 to 5 people that would be more hands-on.

Q. What will it cost me to

invest in this and what are the risks?

A. My current plan is to ask

15 investors (including myself) to put up $10,000 each.�We would use this

for operating capital. I would hope that in 3 to 5 years we could repay

this to you. We are also looking at the possibility of offering you a

Gold membership for $10,000 that would be good for X number of years and

have some benefits over what a regular membership currently provides.

(I am sure that I have probably violated some security law with the above

statement so maybe adding the disclaimer that I am neither a lawyer or

a CPA will keep me out of the pokey and yes, you could lose all your investment.)

Q. How much will I earn on

my investment?

A. You will have great returns

in the benefit of knowing that you played a part in ensuring that this

world class tennis facility will continue to provide our community with

a great place to play tennis.�We have no plans to provide any financial

returns to the investors beyond your original investment.

Q. Do you really think you

can find 15 people willing to put up this much money?

A. The response I have received

so far from the community has been outstanding.�I have verbal commitments

for about 75 percent of what is needed.�So far this idea has been very

easy to sell.�Friday (Oct. 4) after the Citizen News article hit the streets

with a short overview of our idea I received four inquiries from people

interested in helping.� After a few minutes of explaining the idea, 3

of the 4 committed to put up $10,000.

Q. Who will this group report

to?

A. At present we will report

to the PTC Development Authority.�Due to the ever-changing political landscape

I would like to see this group be constructed so that it could continue

even if it needed to report to the city at some point.

Q. I don't have $10,000

to put up.�Is there a way I can help with this effort?

A. Yes.�One of the main reasons

this venue is so great is due to thousands of hours contributed by so

many volunteers.�I expect this to continue.�We need lots of input and

help so please don't shy away from us. Specifics aren't known

yet.

Q. Does this group have the

expertise to accomplish this?

A. We are not just a group

of racket-swinging tennis addicts (although my wife accuses me of this

at times).�We are a group of people with many years of business experience.�We

are business leaders, doctors, lawyers, financial executives and yes,

some even have experience in tennis center management.

Let me give you an example

of one individual in our group.�Most of you may know Terry Maple and for

those of you that don't, he is the person who drove the Atlanta Zoo

to become one of the best in the world.�He is a PTC resident who has committed

to support this effort.�This is a person with experience in running enterprises

that are supported by public, private and sponsorship funds.

Q. Will public tax dollars

be needed to run the tennis center?

A. Most likely some of the

hotel/motel tax dollars will be needed.�We are just starting to dig through

the financials.�A full financial pro-forma will need to be done before

this question can be answered.�My desire is to get the center's revenues

to cover its operational costs, if at all possible.�I should note we have

no desire to purchase the facilities from the city or assume any outstanding

debt.

Q. How will the operation of

the center change?

A. I am not entering this with

the desire to make any major changes in the way that the center interacts

with its patrons. We will only strive to improve on what we have.

Q. Will Virgil Christian be

involved in this?

A. I value Virgil and Amy as

dear friends. The period over the last year or two has been very trying

for them. We all owe Virgil a lot for all the hard work he put in to making

the facility what it is today. At this point he will most likely not be

involved, but I am open to any ideas to include him.

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