Visioning 2026 Blog
Barnstormers of Nebraska Airport Restaurant & Lounge - New Business Model
A shareholder meeting was held 05/08/11 at a new restaurant and entertainment venue at a historic Northeast Nebraska air passenger terminal, Karl Stephen Memorial Airport.
Check out a Facebook fan page for more details as well as several other Facebook postings http://www.facebook.com/media/set/?set=a.10150238602271208.373005.517061207 and http://www.facebook.com/media/set/?set=a.1853620972773.2097508.1008262285.
The historic air terminal was destined to be demolished by the City of Norfolk, after several years without commercial airport service and no other tenants considering the property for business purposes.
Dave Fauss and Karl Reeder came up with a concept to lease the property from the City for 10 years without monthly lease payments in exchange for comparable upgrades to the facility to support a restaurant and lounge operation. To help fund the facility upgrades the pair with others developed a shared community investment concept to raise monies in exchanges for shares in the business venture with anticipated benefits in the form of future dividends, discounts, and free access to party rooms.
These two with spouses and several other business leaders and many volunteers have brought the concept to an operational state.
Here's an excellent example of rural entrepreneurship and revitalization. They now have over 100 shareholders which represent over $250,000 in cash and in kind services/products.
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