New Semi-Millionaire

[PW_Plack]

Just a public congratulations to Scott Hoff, the Sports Director at radio station KUIK in Hillsboro, OR, where I'm the morning guy. Scott won $500,000 this weekend on ABC TV's "Super Millionaire" with Regis Philbin!

This ranks Scott in a tie for 24th place (along with several others) on the all-time game show money-winner's list.

I know how such a windfall would change my life...what would you do if this good fortune befell you?

[GyroRon]

I think I would have to give uncle sam about half of it right? That leaves me enough to pay off all my debit, buy a new sparrowhawk, and a RV-8 and take a nice vacation with the wife and son to Europe.

[KenSandyEggo]

Paul P., while fiddling with his knob(s) (at the radio station), gleefully posted:

"I know how such a windfall would change my life...what would you do if this good fortune befell you?"
__________________

I'd hire a couple of goons to bust up your kneecaps with ball bats for posting this depressing stuff.

[PW_Plack]

Well, then, moving right along...

Ron, federal and state taxes in Oregon would combine for about half, unless a creative CPA could find a way to shelter some of it. I know what I'd do with the dough...

There's a private airstrip nearby on 50 acres, which was originally intended to be subdivided into ten five-acre parcels, each with access to the airstrip. The owner got a 4,700-foot easement on the adjacent property to the north for approach and departure rights, and everything looked to be well in hand. Then, after some weekend pilots made low approaches over US Highway 26, annoyed motorists and townspeople complained. The county responded by imposing development restrictions on the property, requiring full sidewalks and paving, and limiting to four the number of aircraft which could be based at the field. This effectively made it too expensive to develop.

I'm betting it could make a dandy single-family home with a REALLY big yard. I'd bet it's at a depressed price right now, and it lies in an area which is almost certain to become a hot residential development area within 20 years. A modest home, a hangar, a security system to spot Ken's goons coming up the walk...could be heaven!

[ToddP]

Paul,

I saw that the other night and meant to send you an e-mail asking if you knew this radio guy from your area that won $500,000. It's pretty ironic he works at the same station....for now at least :) .

Now, what to do with the 500K. After taxes, I'm pretty sure I'd take care of the kids college, weddings (4 girls) and maybe even squeeze in an aircraft or two. Probably an RV-8, Sparrowhawk, Pitts, RV-10.....whoa I've gone over budget here

[PW_Plack]

Yeah, it's going to be very difficult for Scott. His parents are healthy and well-off, he's not married and has no kids, and has no expensive hobbies so far. With so few needs, I worry about the guy.

[Caribean_gyro]

Paul
teach him to fly gyro. at $500.00 an hour. This will make you happier.
ChuckP

I really miss the hang out in Hillsboro.