What has changed about NYMA's business plan which will enable it to operate without red ink going forward?

Otherwise, as The Donald realized, this is little more than a refi on a sinking financial ship. And, given the reports about those involved, it could be little more than a slo-mo replay of the notorious Ace Farms land-flip.

"Fool me once; shame on you. Fool me twice; shame on me."

As of now, this has become an IQ test for NYMA, the community and its leaders. Will the "White Knights" voluntarily accept restrictions on the use of the NYMA land which will be binding on subsequent owners? Or will there be excuses?

I too have some reservations about what could happen to NYMA in the hands of developers. Hopefully the land values would prevent it from being flipped in the manner of ACE farms. After some investigations, it is still unclear that those alleged to be involved were actually as portrayed on this site and by my post a week ago or so. my apologies if I was incorrect. With that said, NYMa should consider allowing its campus to be used for evening college level classes, perhaps we could encourage Empire State College to open a satelite campus here. We have many fine educators that would snap up the chance to earn some extra salaries teaching evening classes. Perhaps BOCES would be interested or even having the campus open for some way that Cornwall School district has a role in educating there such as a BOCES or technical school. The opportunities are endless. Hopefully the NYMA folks will entertain the Cornwall community once again for advice and help.

To answer the question, What has changed in the business plan...- the NYMA 2.0 program represents a major change in the business plan for this tuition based school that creates a synergistic environment between the cadets, parents, faculty, alumni and community to ensure that the fundamental stability of the academy improves continually to prevent another bout of financial difficulities.

The military model is one that provides a structured environment which promotes academic excellence. While classroom instruction can be exceptional from 8 to 4, the rest of the day, from 7 AM until 10 PM - provides a rare environment for the development of leadership skills. Much like a foreign language, leadership requires an immersive environment to develop flunency. A college prepatory school that provides that provides a chance to students to develop lifelong leadership and problem solving skills is a product that is rare and provides the students an incredible advantage over their contemporaries.
Everyone acknowledges that there is no better environment to develop leadership and maturity than the military, and by exposing children to the military model they get all the advantages of the military experience before they ever turn 18. A military academy gives a young person all the benefits of the miliary without requiring them to ever serve in the military. It's a powerful advantage to provide to young adults and the essence of the NYMA experience.

I write all of this with great sadness and frustration because NYMA was a wonderful place, a place in which I have fond memories of my young adult life, but what a HUGE mess this is, it is never going to work. Yes, NYMA 2.0 is a wonderful idea on paper, but it takes years and years to get to the place envisioned in the business plan, and WHO is going to ensure all of this is carried out? If the current Administration (with exception of very few) run this school in a year they will be back in this same predicament. The people that run the school are a bunch of crooks. Clean house, and start over in a few years when you have a strong infrastructure that fully supports the NYMA 2.0 vision.
Getting a loan and opening back up within a day of the finalization of a loan is the stupidest things I have ever heard. Why not take a few years to re-vamp the school, and more importantly the Administration to make sure this go around is successful. These two businessmen had the right idea, they are going to make out with a wonderful piece of property to develop when the school fails to correct all of the downfalls it currently has.
Also, where are all of these students coming from for 2010-2011 school year that are going to help fund this school? All of their students were poached by other schools; schools that NYMA invited to their school to meet with their students. What parent in their right mind would send their kids to this school right now? This whole financial debacle has been all over the media in the tri-state area for the past month. Yes, the media helped the school get these loans, but it also did damage to the perception of the school. I would never give this school 30k for my child?s education in its current state; a school that could be out of business next year or the year after, no thanks.
Take some time, create a firm plan of attack on NYMA 2.0 and re-open in a few years with a strong Administration and Faculty. I wish NYMA all the best, but sadly, I do not see this boding well for them.