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    Highlights of the ICANNWatch Archive
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    This discussion has been archived. No new comments can be posted.
    The DoC and XXX | Log in/Create an Account | Top | 72 comments | Search Discussion
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    Where Will ICANN Spend All the .XXX Cash ???
    by Anonymous on Wednesday August 24 2005, @05:48PM (#16077)
    Where Will ICANN Spend All the .XXX Cash ???

    ICANN is headed to Vancouver Canada to consider
    a new office location.


    There are at least three buyers anxious to take the famed Douglas Lake Ranch off the hands of bankrupt American telecom giant WorldCom Inc. now that the company appears to have seized control of the property from Bernard Ebbers, said Vancouver real-estate consultant Rudy Nielsen.

    All Nielsen would say about the potential purchasers he represents are that two are Canadian, the third is from "offshore" and that all of them are interested in operating the 66,371-hectare property as one big ranch and have no intention of parceling off any land for further sale.

    He doubts, however, that the ranch will fetch anywhere near the almost $100 million Ebbers reportedly paid for it in 1998. Nielsen did a detailed appraisal of the property at the time that valued it between $65 million and $85 million.

    "You've got to have some return on it. There's not many guys like Ebbers out there that'll pay that trophy fee [with] unlimited money," Nielsen said.
    [ Reply to This | Parent ]
    Re:Where Will ICANN Spend All the .XXX Cash ???
    by Anonymous on Wednesday August 24 2005, @06:00PM (#16078)
    ICANN and ISOC insiders point out that they were
    hoping to move to Michael Jackson's Neverland Ranch
    but plans changed.

    The State of California is looking for some idle
    land to deed over to ICANN for their new WorldCon
    [ Reply to This | Parent ]
    Re:Where Will ICANN Spend All the .XXX Cash ???
    by Anonymous on Thursday August 25 2005, @06:44AM (#16081)
    Consistent with his independent status, the Ombudsman will have his own separate offices, as well as access to ICANN's offices in Marina del Rey, USA, and Brussels, Belgium.

    http://forum.icann.org/lists/ombudsman -rmaf/
        * From: Vancouver University - Worldwide University <vanu@xxxxxxxxx>
        * Date: Sun, 12 Dec 2004 20:48:24 -0800

    The Ombudsman is to be stationed in Vancouver BC, Canada.

    http://www.WorldwideUniversity.edu&nbsp ; - with its consortium office
    likewise presently located in Vancouver - would be pleased to
    cooperate with the Ombudsman n any appropriate way.

    Our interest partly derives from the fact that our president,
    Dr Raymond Spencer Rodgers, specifically predicted and named
    the "electronic web" (and alternatively suggested the name
    "telesphere" in 1971 (long before Berners-Lee and others actually
    manufactured it).  The text of the 1971 108pp publication has since
    been on the web for a decade, at http://www.vcn.bc.ca/web-prophet

    We have also had decades of interest in on-line (starting with BBS)
    education, but failed to attract early funding donations in the context.
    http://www.WorldwideUniversity.edu/histo ric.htm#vsol

    As a challenged institution (see the fifth text paragraph on our
    homepage http://www.WorldwideUniversity.edu ) we are familiar
    with the sort of quandaries that an Ombudsman is appointed
    to address.   We suggest that the Ombudsman will likely also find
    useful the UIA publication referred to in the third text paragraph
    of http://www.VancouverUniversity.edu/worldu.php

    L i-kuan Tham, Secretary,
    per Board Executive Committee
    [ Reply to This | Parent ]
    Re:Where Will ICANN Spend All the .XXX Cash ???
    by Anonymous on Thursday August 25 2005, @06:50AM (#16083)
    Ebbers, originally from Edmonton but a resident of Mississippi for almost 40 years, bought the Douglas Lake Ranch in 1998 for a price reported to be somewhat less than the $100 million Cdn asking price. He accumulated personal holdings that included 200,000 hectares of southern-U.S. timberland and a Savannah, Ga., yacht-building business.
    WorldCom, which declared Chapter 11 bankruptcy in the U.S. in August, seized the property out of fear Ebbers will file for personal bankruptcy and potentially complicate the company's attempts to recoup the loans.
    Ebbers helped found WorldCom as a discount long-distance telephone company and helped it become the U.S.'s second-largest provider. Its share value began to crash in 2000 and its stock last traded for 11 cents US a share on the U.S. Over the Counter exchange.
    Ebbers initially backed the loans using his own shares in WorldCom as collateral. In April, he was forced to put up the property he purchased with the loans as surety when the value of his shares fell below $60 million US.
    Nielsen said big ranches like Douglas Lake have an intrinsic value beyond that of the property and its ongoing business. It is called the "trophy price" that someone is willing to pay for the prestige of owning it.
    [ Reply to This | Parent ]
    http://www.ICANN.Chicken.COOP or aka Chicken.Ranch
    by Anonymous on Thursday August 25 2005, @07:02AM (#16085)
    http://www.ICANN.Chicken.COOP or aka Chicken.Ranch

    The ICANN Chicken.Ranch is where ICANN houses
    and trains the tall blondes who are working
    their way into the .PRO bizness.

    The Agency uses the "chickens" to obtain information and ensure that John (or Johns) make decisions
    that favor The Society.
    [ Reply to This | Parent ]

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