Unreal estate

The Adventure Cycling Association HQ in Missoula.

Looks like the tussle between the Empire and the Rebellion is coming down to … a vote?

What, no starships, no light sabers, not even a Silca in the spokes?

Well, good on ’em, sez I. May the best argument win.

The Empire’s case for selling the Adventure Cycling Association’s HQ can be found on the ACA website.

The Rebellion’s case against the sale I have cut-and-pasted below, from email, because it’s the argument I support.

A quick disclaimer: I probably shouldn’t be weighing in here. I’ve let my ACA membership lapse, and most of the people I remember from the time I spent reviewing bicycles in my own peculiar way for Adventure Cyclist have left the organization.

But I remember fondly my years orbiting the periphery of the outfit as a sort of weirdo-at-large. I also remember a dark time when, if I found myself short of funds due to questionable financial practices and yet desirous of strong drink and/or powerful drugs in quantity, I would pawn one of my handguns to tide me over until payday.

That sort of behavior, like selling your home and then renting space in it, is not smart. But at least I could always get my handgun back without much fuss.

So, if I had a dog in this hunt, it would bark, “NO!”

With that said, up the rebels! Their argument follows:

Dear Members and Friends of Adventure Cycling,

If you are a current member of Adventure Cycling, you may have recently received a letter from the organization’s new executive director, Andy Williamson, urging members to vote for the sale of our Missoula headquarters at 150 E. Pine Street. The organization has received an offer of $2.55 million for the building and property. While we appreciate the financial challenges facing the organization, we believe selling this building—the debt-free, member-funded heart of Adventure Cycling—is the wrong solution at the wrong time.

Our goal is not confrontation but clarity. Below we address several points made in Andy Williamson’s message and explain why keeping the headquarters is central to Adventure Cycling’s recovery and long-term vitality.

1 · Financial Stability Requires Rebuilding, Not Liquidation
Andy Williamson states the $2.55 million sale would provide a financial“runway.” In truth, this is a one-time infusion that consumes a core endowment asset with limited long-term benefit. Independent analyses from former staff and Life Members demonstrate that Adventure Cycling can balance its budget without selling the building, through right-sizing the staff, leasing unused space, restoring donor confidence, and rebuilding programs. The building itself can generate revenue via tenants while continuing to serve as the organization’s public face. Once sold, that stream—and the underlying equity—are gone forever.

2 · An “Underutilized” Building Is a Symptom, Not the Cause
Andy’s letter cites an ‘underutilized, aging building’ that houses only seven staff. Yet that is a management choice, not an inherent flaw. Adventure Cycling’s earlier success stemmed from a dedicated staff working together under one roof, where spontaneous collaboration and shared purpose fueled innovation. Bringing staff back to Missoula—full- or part-time—would revive this culture and improve member service. National studies confirm that in-person collaboration increases creativity and performance, benefits that cannot be replicated through a fully remote structure.

3 · Deferred Maintenance Is Manageable
The building is fully paid for and exempt from property tax. Historical operating costs average roughly $25,000 per year for utilities, insurance, and routine upkeep. Moreover, the Life Member Fund and donor community stand ready to support maintenance when engaged transparently. Selling a building because of manageable upkeep costs is fiscally shortsighted.

4 · Membership Decline Reflects Lost Engagement, Not “Aging Out”
Leadership attributes falling membership to demographics. In fact, ACA’s own data show that the older cycling cohort is growing, not shrinking, nationwide. Membership losses track instead with reduced programs,rising dues, and the diminished services now offered through a remote staff . Restoring value—through vibrant tours, high-quality publications, and responsive outreach—will rebuild membership far more sustainably than selling headquarters property.

5 · Mission and Identity Depend on Place
For nearly 34 years, 150 E. Pine Street has welcomed cyclists from around the world. It is part museum, part visitor center, and wholly symbolic of Adventure Cycling’s mission to inspire, empower, and connect people to travel by bike. Relinquishing ownership of this “Mecca of bicycle travel” would fracture that identity. The building embodies continuity, credibility, and community trust—qualities no lease-back agreement can replace.

6 · Constructive Alternatives Exist
Rather than liquidating assets, ACA should implement the actionable recovery strategies already outlined by longtime members and advisors:

  • Re-establish balanced budgets where expenses match income;• Rebuild the interconnected ‘engagement funnel’ of routes, tours, membership, magazine, and advocacy;• Lease unused building space to compatible nonprofits or outdoor businesses;
  • If necessary, borrow short-term funds against the equity of the headquarters building;
  • Launch a donor appeal linked to the 50th Anniversary celebration;
  • Recruit new leadership and board members with proven nonprofit and financial expertise.

These measures strengthen the organization while preserving its heritage and its home.

7 · A Vote NO Is a Vote for Adventure Cycling’s Future
Selling the headquarters might ease today’s cash flow but would undermine tomorrow’s foundation. Adventure Cycling has weathered crises before—each time by relying on the passion, generosity, and ingenuity of its staff and members, not by selling the assets acquired over decades.

We therefore urge every eligible member to vote NO on the proposed. Keep Adventure Cycling rooted in Missoula, where it began and where its mission still thrives.

The fact that ACA was cash positive at year-end 2023 makes this proposed building sale especially troubling. For that reason, the members of Save ACA will be voting NO on the sale of the building.

You have that same opportunity—but timing is critical.If you are not a current member, you must join or renew by 7:59 a.m. Monday, November 3 to be eligible to vote. Voting will take place between 8a.m. November 4 and November 24 through the official voting page.

With respect, determination, and gratitude, the members of Save ACA:

Dan Burden
Lys Burden
Greg Siple
June Siple
Jim Sayer
Sheila Snyder
Cyndi Steiner
Ginny Sullivan
Gary MacFadden

There’s a new tariff in town

The “Rubáiyát of Owe-More Khayyám.”

Hoo-lawd. Anybody’s portfolio turn into a postcard yet?

In case you’ve missed Paul Krugman, he’s speculating over at Substack that Elon’s Hitler Youth may have cobbled together the tariff scheme using ChatGPT and/or other A.I. models.

In my post immediately following the Trump announcement I speculated that Elon Musk’s Dunning-Kruger kids might be responsible for those tariff numbers. That now looks like a distinct possibility.

Who makes policy this way? The key point is that Trump isn’t really trying to accomplish economic goals. This should all be seen as a dominance display, intended to shock and awe people and make them grovel, rather than policy in the normal sense.

Again, I’m not being snobbish here. When the fate of the world economy is on the line, the malignant stupidity of the policy process is arguably as important as the policies themselves. How can anyone, whether they’re businesspeople or foreign governments, trust anything coming out of an administration that behaves like this?

Good time to be heavily invested in the knee- and elbow-pad markets.

Bringing the heat

Peekaboo.

Sun’s gonna shine in my back door some day.

Actually, it shows up there almost every day, around 9 a.m. lately.

Which, frankly, is not early enough. Not in December. The mountains and trees that shade us in summer keep things cool in winter, too.

Not as chilly as the breath of vengeance on the back of a CEO’s neck these days. But those dudes can afford to hire some heat.

And by heat, I mean a cool quarter-mil’ for round-the-clock protection. Says The New York Times:

Leaders at Allied Universal, which provides security services for 80 percent of Fortune 500 companies, said their phones were “ringing off the hook” on Wednesday with potential clients. Allied covers a wide spectrum of services — including stationing guards outside offices, chauffeuring executives, surveilling their homes and tracking their families.

Protecting a chief executive full time costs roughly $250,000 a year, said Glen Kucera, who runs Allied’s enhanced protection services.

I don’t suppose all this executive armoring-up will have any effect on the cost of products and services we use. Nah. Y’think? Nahhhhh.

Your Daily Don: Follow the leader

“Paul Krugman? How many divisions has he got?” (h/t Winston Churchill, “The Gathering Storm.”)

Almost all economists agree that taxes on imports are, in fact, passed on to consumers. Why? Because that’s what the evidence says, and it’s very hard to come up with an alternative story.

On the other hand, Trump loyalists — which these days means almost the entire Republican Party — insist as a group that foreigners, not American consumers, pay taxes on imports. Why? Because Donald Trump says so. — Paul Krugman, “Trumpism, Stalinism and the Tariff Debate.”

A wee bit of civics

The backyard maple is trying to coax a bit of rain from those clouds.

June 1. Good gawd awmighty. Three weeks until the first day of summer.

Where the hell does the time go?

It doesn’t feel very summery, not yet. We’re slathering on the sunscreen when we go out and about, but highs have only reached the mid-70s to mid-80s, which are very much bearable.

Thus, we have no excuses for staying inside to watch Sleepy Joe and Charlie McCarthy make the sausage. We’ll be eating it soon enough.

It all reminds me very little of what we were taught in junior-high civics classes. Or home economics, for that matter.

What it reminds me of is gym class, specifically the shower portion, wherein a jock occasionally would pee surreptitiously on some poor geek’s leg while distracting him with conversation.

The geek was usually so astonished to be having a chat with one of his betters that he didn’t notice the augmented fluids coursing down his calf until the giggling began.

And then he couldn’t do anything about it anyway.

The geek didn’t yet know about the sausage. He still thought it was just something mom put on his plate with the scrambled eggs and toast. He still thought Bob Dylan was just singing a song.