Steve Down deal set for Evergreen Aviation & Space Museum property, averting foreclosure!

One more puzzle piece has fallen into place for the Evergreen Aviation & Space Museum.

A Utah investment group has bought property that includes the space museum, the neighboring Wings & Waves Waterpark, a site where a hotel was once planned and other campus property, averting a foreclosure that could have shuttered those parts of the McMinnville attraction.

Falls Event Center LLC, the investment group led by Oregon native Steve Down, offered $10.9 million for the properties, The Oregonian/OregonLive reported last month. The sale was finalized and acknowledged by a bankruptcy court judge last week, the museum said.

The museum will continue to operate as a tenant under a 30-year rent-free lease. It will run the waterpark until the end of the year, after which the buyers will take over its operations. The buyers will also run event space on the campus, and they are also reviving plans to build a hotel on the site, said Evergreen Museum interim executive director Ann Witsil.

The museum has been picking up the pieces after the failure of Evergreen International Airlines in 2013. The airline helped fund the namesake museum.

The museum's complicated ownership structure meant different parts of the property had different owners, as did many of the planes. Each ownership entity was left saddled with debt.

Museum leaders have made a series of business deals to secure the museum's future.

Maine developer George Schott paid $22 million for the aviation museum property in 2015 in partnership with The Collings Foundation, an aviation nonprofit. It will lease the property to the museum, while the foundation will take ownership of some of the museum's planes.

Another deal later that year secured for the future the aviation museum's star attraction, Howard Hughes' H-4 Hercules flying boat, nicknamed the Spruce Goose. The deal, for which terms were not disclosed, settled a long-standing disagreement over how much the museum owed for the plane.

By - Elliot Njus
The Oregonian/OregonLive
enjus@oregonian.com

Whatever happened to ... Utah’s Widowmaker?

On the southern edge of Draper, two-story homes populate a wedge of land once occupied only by dirt and sagebrush. A scarred 1,000-foot hillside is the single remaining clue that the area hosted an internationally recognized spectacle for 25 years.

From 1963 to 1988, "The Widowmaker" attracted thousands of revved-up motorcyclists looking for the rides of their lives in the sport of hill climbing, speeding to the top of steep hills as fast as possible.
 

Hill climbers hailing from across the globe returned each year — along with visitors and national television coverage — to see if they could conquer one of the toughest tracks in the world. Only a handful of people claimed victory before The Widowmaker's end.

Fourteen years later, fans of the hill climb proved their devotion by opening their own version of The Widowmaker, in Croydon. But like its predecessor, the event eventually shuttered amid land disputes.

Veteran motorcyclists are still hoping that someday, somewhere, they will have a chance to ride it again.

Kings of the hill • Perhaps Mel Kimball Jr. was destined to rise to hill-climbing fame.

His father was one of the only people to conquer The Widowmaker in its early years, in the 1960s.

As a child living in Bountiful, Kimball Jr. watched his father compete in hill climbs around the country, and knew The Widowmaker as the hardest hill climb event of the year. He also knew that when he was old enough, he'd try conquering it himself.

"It's something you watch other riders attempt and you know that that's what you're after — to get over the top."

He amassed the techniques and equipment to start hill climbing at age 11, and seriously competing around the country as a young adult. In the 1970s, as hill climbing accumulated international recognition through the 1970s, so did Kimball Jr., who was featured in motorcycle magazines and television programs like the ABC Wide World of Sports.

The spotlight also fell on Draper's mountainside. The Widowmaker was the first major climb of every season. Its sheer incline and the tall sagebrush rubbing up against the riders made the hill one of the hardest in the world. There were national hill-climbing champions who never reached the summit.

But Kimball Jr. did, finally. In 1986, he accelerated and maneuvered his way up The Widowmaker just right, clearing the top as a crowd of 12,000 onlookers cheered.

"It was probably the most exciting moment of my life," Kimball Jr. said.

His younger brother would claim fame by riding to the top the following year, seizing the traveling trophy for himself.

When Kimball Jr. won it back in 1988, he didn't know he'd be keeping the trophy for good.

The downfall • By the late '80s, the Draper City Council and Draper police had had enough of the rambunctious hill-climbing crowds.

At the 1987 Widowmaker, about 30 people were arrested for driving under the influence of alcohol and another 100 people for other alcohol-related offenses, according to a Deseret News article.

Those who watched the event still remember the mass of people partying as the riders took their marks.

"It was crazy. The first word that comes to mind is just a wall of people," said Kim Nelson, who watched the 1987 climb and became a regular at the renewed Widowmaker in Croydon 15 years later. "It was almost like the biggest concert you can ever imagine in the outdoors. It was just people laughing and carrying on and when somebody wrecks you would hear the 'ohh' and 'ahh.' "

Mayor Charles Hoffman had also become concerned about environmental damage on the hillside, scarred through years of biking. Worried about erosion, Hoffman demanded that the Bees Motorcycle Club — which sponsored the event each year — replant grass on the hillside after the 1988 run. He was unsatisfied with their effort.

Add to that the logistical nightmare of routing tens of thousands of riders and spectators to and from the hill through the largely undeveloped Draper. Each event required negotiations with property owners over spectators crossing private land to reach — and use — the hill. Concerns about rowdy guests made residents more and more reluctant, until they eventually withdrew their permission.

"We've had numerous problems with drugs, alcohol consumption [and] assaults," Draper Councilman Todd Andersen told the Desert News in 1989. "It was not something that was a lucrative or profitable venture for Draper City."

A new Widowmaker • Jordy Smith was struck by memories of The Widowmaker more than a decade later when he passed by a hill in Croydon, about an hour from Draper in mountainous Morgan County.

He stopped to snap photos, and sent them to his colleagues with a simple phrase that would launch another decade of Utah hill climbing: "This might be the new Widowmaker."

Smith — who had started climbing the original Widowmaker in 1968, and later became the National Hill Climb Champion in the Over-40 Class — gathered his family members and volunteers and got to work.

The revival of The Widowmaker in 2003 was welcomed by old crowds and new. Those who never made it over the daunting Draper hill would have another shot — and those who were too young to compete on the original would have their turn.

"I remember watching the old Widowmaker on TV," said Kevin Bromenshenk. "I watched them climb the old hill that was in Draper, and it was really cool get to compete in it even though it was on a different hill."

Bromenshenk would conquer hills around the country, but he never summited The Widowmaker. Of the 4,800 attempts to climb the revived Widowmaker through its 11 years in Croydon, only 35 were successful. Mel Kimball Jr. accounted for two of those.

The Croydon event's organizers learned from the struggles of their Draper predecessors. No alcohol was allowed, except within private RVs. The change kept spectators calmer and smaller in number, though the event still attracted between 5,000 and 12,000 people.

But the hill's owner worries that anyone injured on his property would try to sue him brought The Widowmaker event to a halt again.

The 2013 announcement brought the same disappointment and outrage so many had felt 25 years earlier.

"I've got a whole three-ring binder of people who wrote sympathy cards begging me, 'please don't let this thing stop – it is our most favorite thing to do,'" Smith said. "I put it all together and gave it to the landowner and said, 'Will you please reconsider?' "

The answer, he said, was a respectful "no."

The legend lives on • Those who have ridden The Widowmaker — original or reboot — haven't forgotten its impact.

"The sport will keep going, but the legend of that hill is why people come out to see it," Bromenshenk said.

Kimball Jr. has retired from hill climbing. His championship trophy and the motorcycle he rode atop both Widowmaker hills are in his basement — he can't bring himself to sell them.

Local sandwich shop Even Stevens pays homage to The Widowmaker in its Draper location with a mural and motorcycle memorabilia.

"We get people coming in all the time just for the tribute," said Robert Andersen, general manager of the Draper shop. "We have old gloves and motorcycle helmets. They come in and sit next to our stuff all the time. They'll say to me, 'Do you know whose that is? It's mine!' "

Smith is holding on to thousands of dollars worth of hill-climbing equipment — a fence and powerful hoses among them — and the hope he can use them again someday.

"If you went to the Good Lord and wanted a perfect spot for a hill climb, you couldn't describe a better place than The Widowmaker in Croydon," Smith said. "I keep thinking one day we could bring it back."

 


 
 

This New Restaurant Feeds Thousands of Hungry People Every Day

According to the United States Department of Agriculture (USDA), 48.1 million Americans have insecure access to food, including 32.8 million adults and 15.3 million children (approximately 1 out of 5).

Several restaurants recognize these needs, and are trying to win the war against hunger.For example, Rosa’s Fresh Pizza in Philadelphia, has a “pay-it-forward” concept allowing customers to feed local homeless people a slice of pizza for one dollar.

Inspired by TOMs shoes, the company that gives a pair of shoes to someone in need with every pair sold — Even Stevens, a new restaurant based in Salt Lake City, gives a sandwich to a local hungry person with every sandwich sold. According to their website, Even Stevens has donated 444,022 sandwiches so far.

Conscious capitalism as the concept behind Even Stevens

The founder of Even Stevens, Steve Down, is a serial entrepreneur with several start-ups he’s currently trying to build to IPO. As the father of millennials who care deeply about social consciousness and giving, Down saw the opportunity to use his skills as an entrepreneur to turn the food service industry into a force for social good. The result is “a sandwich shop with a cause.”

Even Stevens is growing rapidly, with two new restaurants opening per month. During the month of April, 2016, they opened three new locations:

  1. Logan, Utah
  2. Ogden, Utah
  3. Boise, Idaho

These three new additions make seven current locations since the first opened in Salt Lake City in June, 2014.

Down plans to have 20+ locations open by the end of 2016. The 10 year plan is to have 4,000 locations feeding over 1,000,000 people per day. To put these numbers in perspective, Subway has approximately 34,000 locations and Chipotle has approximately 2,000.

Anyone inside the restaurant industry would consider the objectives of Even Stevens to be ludicrous. Yet, Down doesn’t care about these perceptions; but believes it takes someone outside the industry to approach things differently. He believes the results of Even Stevens speak for themselves, with each location currently opened achieving profitability within the first 30-60 days.

Down believes the success of Even Stevens comes down to a few things:

  1. Creating “raving fans” with an emphasis on social consciousness.
  2. Having a product worth coming back for, meaning the food has to be delicious.
  3. Amazing service and customer experience, with local art and graffiti decorating each restaurant.
  4. Profitability.

 

Difficulties getting Even Stevens “off the ground”

There are two primary challenges Even Stevens has faced getting to where it’s at:

  1. Getting people to invest during the early days. It’s not uncommon knowledge that most restaurants fail the first year (90 percent to be exact). And to have a restaurant that gives thousands of sandwiches away every day. That was a tough sell. However, says, “With several profitable locations open and many more close to opening, many people are eager to invest now.”
     
  2. Originally, the idea was to have the staff make all the sandwiches and deliver them to the non-profits. Good in theory, bad in practice. It wasn’t sustainable or scale-able. So they tweaked it. They developed their own system for having food delivered to the non-profit based on need. Non-profits are used to feeding their clients “left-over” food, so this innovative system facilitating fresh and wholesome food makes a lot of people happy.

 

Conclusion

According to Steve Down, every company should have a “give-back.” Not only is it socially conscious, and right, but according to Down it’s also good business.

In order to maintain their rapid growth and growing fan base, Susan Knight, the chief investment officer of Even Stevens believes the biggest hurdle will be“making sure not to compromise quality as they grow.”

Article written by Benjamin Hardy - Published through Huffington Post
Follow Benjamin Hardy on Twitter: www.twitter.com/BenjaminPHardy

Buyer emerges for Evergreen Aviation & Space Museum! ...guess who?!

Here is one of the initial articles from the Portland Business Journal.

"The turbulent times for the Evergreen Aviation & Space Museum may be on the verge of smoothing out now that a Utah businessman has agreed to buy part of the McMinnville attraction.

A purchase agreement for the property, among several bankruptcy filings submitted at the end of June, notes that The Falls Event Center LLC, a company based in Utah, has agreed to buy the buildings, including the space museum and the Wings & Waves Waterpark, for $10.9 million.

The aviation museum portion of the development was sold off last year.

The current owner of the remaining properties is the nonprofit Michael King Smith Foundation, which filed for bankruptcy protection in January of this year.

According to the purchase agreement, the deal, expected to close Aug. 5, also includes an adjacent parcel that will be resold to an as-yet-unnamed hotel developer, who will complete a long-planned hotel on the site.

According to the Oregonian, the LLC buying the property is owned bySteve Down, a Klamath Falls native who has several businesses in Utah, including a financial education firm called Financially Fit and a sandwich chain called Even Stevens. He told the Oregonian he plans to run the water park as a for-profit operation."