Today’s news:

To The Editor:

I’ve been following the saga of Victory Memorial in your paper, and the last story of the 150 leads me to write.

As you note, Victory was $90 million in debt and sold at auction for $45 million. Certainly, the party plunking down $45 million wants to see a return on his money. Running the facility at a loss, or “non-profit,” was not a requirement for purchase.

As the union notes, medical reimbursement costs are fixed, and the only place to cuts costs is with personnel. So, where else can they cut? The union claims the prior owner ran into debt through mismanagement and union personnel costs had nothing to do with it. Hard to believe when they note the only place to save is personnel.

The place is falling apart, so money was definitely not spent on the building. The new owner will have to pour money in. It seems the new owner bought a bridge and not a nursing home/hospital.

Al C. Daley

Brooklyn

Pin It
Print this story Permalink

Reader Feedback

Enter your comment below

By submitting this comment, you agree to the following terms:

You agree that you, and not BrooklynDaily.com or its affiliates, are fully responsible for the content that you post. You agree not to post any abusive, obscene, vulgar, slanderous, hateful, threatening or sexually-oriented material or any material that may violate applicable law; doing so may lead to the removal of your post and to your being permanently banned from posting to the site. You grant to BrooklynDaily.com the royalty-free, irrevocable, perpetual and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or in part world-wide and to incorporate it in other works in any form, media or technology now known or later developed.

CNG: Community Newspaper Group