Own your own cave for $1,000

[icestac]

Wow...So this is an LLP and you are selling shares? Who handles the insurance?

Who needs insurance? All we need is a shiny ball on a string in front of the property and it will keep all of the locals out.

I don't really know what a policy would run, but if it is not open access and owners + visitors were required to sign waivers, I would think it would greatly limit the liability, but I am no lawyer. Perhaps we could just carve out a little nook off to the side to hide all of the bodies of trespassers and make it off limits to guests. 'If the glove don't fit, you must acquit!'

Is there anyone with real experience that can chime in with details or costs?

Thanks,
~Jeff

[NorthWoodsDiver]

There is a ton of issues with splitting something 80 ways much less opening it up to the public and paying for insurance.

I would be in on it, if I was not laid off, in fact for $80K I would buy the thing myself and move otta this frozen frickin state if I knew I could find work down there.

If I was going to buy it I would want to dive it a couple times and see how far it goes, paying $80K for a 700ft cave doesn't make sense.

I tell you what, if someone can help me find a good job in the area I will buy the land and you can come dive for free anytime you like. All I need is a tent and a compressor and I would be at home.

of course there would be a no snorkel rule

T

[icestac]

There is a ton of issues with splitting something 80 ways much less opening it up to the public and paying for insurance.

Maybe I am just a weirdo, but I guess I was coming at it from the perspective that at the $1,000 price point, people would not have extreme expectations above being able to access the site and use the land (i.e. camping, picnicing, etc) whenever they wanted to. Sure there are a lot of details, but if everyone agreed could come to an agreement on the basic rules for the owners, then I think the rest could be ironed out.

At this point, it looks like a 50/50 split. We just need 160 people to vote

~Jeff

[pwl4476]

I'm in if the cave is decent. We can work out the details when the time comes. I can probably be in for a little more than the $1K if necessary or if makes things work out better. If this goes further I'd like to take a dive to look around before shaking hands.

I'll be in High Springs in mid-March and will have some time to stop by.

Paul

[Tegg]

How about taxes? How much would it cost the "owners" on a yearly basis on top of the insurance?

This would be good for one of the cave organizations if there is going cave and something more then an extended cavern.

[icestac]

How about taxes? How much would it cost the "owners" on a yearly basis on top of the insurance?

Two years ago, the taxes were quoted as $417.

~Jeff

[NorthWoodsDiver]

I have been looking at google earth and local maps, but since I have never been there and live in minnesota its hard to judge distances and what not.

how close is this location to other cave systems or sinks?

I would need to dive it or have some good description of actual cave before I committed anything but am still interested.

[OutlawCaver]

Make it $1500 each and we could easily afford to construct a bunkhouse on the property like dry cavers do. If you have never been to one of these they are typically, a common eating/cooking area, multiple person bedrooms with bunks or cot space and bathroom facilities. Plenty of picnic tables and places to charge and hang gear. If you are an owner you can use the bunkhouse while diving anywhere in the area.

Vince

[cwick]

If this thing has a decent cave the details should be simple. Each person is puts up an equal amount to become a share holder, and from there we develop an agreement much the same as a homeowners assoc.

[MengTze]

I will wait until this is all done and ask one of the owners to allow/take me in.....all the benefits, no liability. Friends with benefits are nice...