Bradley Schnell has an idea for how to maintain city-owned structures and services around Mission Bay Park during these trying fiscal times: create a nonprofit conservancy.
The owner-CEO of Mission Bay Beach Club (formerly the Mission Bay Visitor Information Center) at 2688 E. Mission Bay Drive, Schnell has initiated a process to do exactly that.
Land conservancies are 501(c)(3) tax-exempt nonprofits operating exclusively for charitable purposes and cannot distribute profits to private individuals. Their tax-exempt status allows the conservancy to receive tax-deductible donations and hold conservation easements in perpetuity…