The future of debts owed to businesses who provided products and services to the Sturgis North event in Salmon Arm in 2011 still remains to be seen.
“Who knows what’s going to happen,” remarked Brad Handel, owner of Techlectric in Salmon Arm, who is still owed about $60,000.
He made the comment following a recent meeting of about 15 creditors with Joan Hansen of Sturgis North and a bookkeeper.
He said Hansen agreed to set up a trust account and the creditors suggested it be at Brooke Jackson Downs law firm in Salmon Arm.
“Everybody agreed it would be 10 per cent of ticket sales,” Handel said, noting that there was discussion of getting installments as tickets were sold but, in order to not create too much of a bookkeeping nightmare, creditors would probably get a payment every quarter.
Regarding the 10 per cent, Handel said Hansen told the meeting that she would have to clear it with her partners – who are the Neskonlith Indian Band. He notes it will be up to Sturgis North to put money in the trust fund.
Handel said ticket sales were to begin at the end of November but he hasn’t seen evidence of that yet.
Sturgis North announced the event will be held Aug. 22 to 25, 2013 at Silvery Beach on Little Shuswap Lake near Squilax.
The map of the site shown on the Sturgis North Facebook page appears to extend to Little Shuswap Band territory, but Chief Felix Arnouse said Monday he doesn’t know much about the jamboree and music festival.
He said he hasn’t been contacted by Sturgis North but he would be calling Neskonlith Chief Judy Wilson to learn more details about it.