Bishara Resorts Financial Report

Some of you have asked me what it has cost me to date to develop the resort as it is today, and though I do not have the exact costs on hand I will explain briefly in a summary:
1. Bishara Resorts is made up of four islands or sims (simulators) that each cost me USD1675.00 per island and then cost USD295.00 per month in tier fee per island.
2. Bishara Island has a mall on it, built by myself and stocked mostly through a wholeselling deal with designers, again at my cost. The stock in the mall for example would be well over L$100,000.00 in stock purchases that have remained UNSOLD or still inside the vendors. The bowling alley was purchased from Iron Games and cost approx L$15,000, and the fish in the aquirium were also bought in-world, although I do not have the cost for that. On the top floor or roof area we housed a Tringo game before gaming was banned that cost approx L$20,000.
3. Bishara has many other activities like the golf course, the diving and reef areas, the fishing areas, the spa, and the waves and animals all around. The cost of the development of these open areas again is well over L$150,000 since the start of the first island, and may well be over L$200,000 by now.
4. Majini’s EPIC waves cost L$82,000 and are also free for use to residents and visitors.

So even in the roughest estimates the capital costs of the project to date, not including lost inventory (an old SL problem), amounts to USD 8,250.00, with a further USD 1180 per month just in tier fees, and not including maintenance or object replacement or the time we put into the project.

One last thing for those in the USA and the Americas who make such calous comments to EU citizens on the VAT blogs like ‘get over it’ or ‘stop crying about it’ and so on, just work out what 17.5% unannounced fees do to such a budget as mine and how it may lead to projects like mine or others to close down, and how that will impact your enjoyment and life in SL. Help us instead to make a proper and mature opposition possible to an ill-planned and very ill-executed discriminative fee by SL. Furthermore, for those non-EU residents who think EU citizens should complain to the VAT authorities because its THEIR fault we are paying, please do better research next time on how VAT is calculated and who is firstly responsible for defining the product that the VAT is applied to. You may be surprised by your own findings and hopefully it will lead you to help the EU residents instead of simply trying to mudsling again.

To all Bishara’s supporters, thank you for continuing your support of our project, even with the smallest donations, and rest assured that we are not planning any kneejerk reactions as Linden did regarding the costs and the VAT charges.


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