Sunday, March 01, 2015

Breuder's Banquet squanders tax dollars; hurts private restaurant owners

I wonder how many fine dining restaurant owners in Glen Ellyn can afford to lose a cool half mil a year and stay in business. I know of just one, the taxpayer owned Waterleaf Restaurant, a.k.a. Bueuder's Banquet, installed at College of DuPage by ego obsessed president Robert Breuder and a compliant Board. Waterleaf was the hot topic at the Dailey Herald's COD Board candidate forum. Candidate Chuck Bernste...in advised Waterleaf has lost $1.5 million since it opened in 2011, including half a million in 2013 and 2014. Two current Board members running for re-election, Kim Savage and Nancy Svoboda, see no problem here, since they and other Board members have asked numerous questions about Waterleaf the past four years. But questions don't count if we don't get answers. Savage said Waterleaf is providing a real-world learning experience for students, omitting that they already have a small boutique restaurant to learn in, and their measly two days a week to practice at Waterleaf is likely a sop to maintain the fiction it has educational value. Savage also claims Waterleaf helps bring attention to COD and generates foot traffic on campus.

But the attention that this money losing Edsel is bringing COD hurts it enormously. That foot traffic we taxpayers are subsidizing is better traveled to the private Glen Ellyn eateries suffering from an un-level serving table tilted in favor of a publically funded competitor. The fact that no high end restaurant starts out making a profit, according to Savage, was reason enough to never open it. Savage is confused when she states Waterleaf is "earning more annual revenue than its first year of operation." Revenue is not earnings; profits are. At Waterleaf, increased revenue simply means loss continues to escalate.
If money pit Waterleaf stays open, at least designate it 'Breuder's Banquet' to satisfy a retirement package pledge to name something on campus after him.

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