The Lightcone Infrastructure team owns the Lighthaven venue, and we're renting it out to clients who want to use it as venue for events/office/sleeping/more (e.g. workshops, conferences, retreats, housing during programs, parties, coworking, individual room-renting, more).
After this question resolves, we will check through all the invoices/payments for events and bookings we've had for Lighthaven that occured during the 12 month period between October 1st 2023 and October 1st 2024, sum them, and that will be the number that this market resolves to.
We pay $1M/year on interest on the loan that we used to buy the place, and our current estimate is that the venue will cost a further $1M/year in upkeep.
Options for us include:
Not breaking even, and making the rest up in donations
Roughly breaking even
Making a profit, and being able to use that profit to fund the rest of our team and other projects
1,000
3.00Resolved this. I have like 90% confidence in this answer. Ronny and I looked through the event bookings and other incomes, our estimate was $1.6M–$1.7M, our finance colleagues estimated $1.9M looking at other numbers, Habryka said he assigns 80% to it not being over $2M, so I'm resolving to $1.5M—$2M.
@DanielFilan Oops, what I wrote was unclear. I've added what I meant to the description:
"the 12 month period between October 1st 2023 and October 1st 2024"