Jim O'Bryan wrote:One question should be, how many members of 3-Arches have family members speculating in property, in hotspots? My count is more than 4 of them.
Well I do thank them for being transparent in how they are spending the millions that we accumulated and saved to keep Lakewood Hospital open, solvent and serving the health of the community for the next 50 years.
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Know this, Three Arches Foundation is not a charitable organization it is the personal play ground of the Board members and a source of funds for the Cleveland Clinic.
The Master Agreement transferred the $35 million in the Hospital Foundation to a private Foundation. The people of Lakewood have no control over that Foundation, Lakewood City government has no control over that Foundation. It is a completely independent private Foundation controlled by the Board. The Board appointed itself, the Board will reappoint itself and the Board will appoint its replacement. Think of the Board as "family" operation. You don't get a piece of the action unless you are part of the "family".