Remember a few days when we brought you the guide on how to keep from going broke after gaining millions as an athlete? We meant it all, athletes; have you hired your accountant yet? But as for what pushes these men into bankruptcy in the first place, it’s usually at least one of two things: bad business ventures and overinvestment in real estate.
Evander Holyfield’s acutely aware of both factors; his palatial estate on 40 acres in Fayette, Georgia has faced foreclosure recently. He’s also been marginally visible since his retirement from boxing, usually in some sad kind of moneygrab (witness: Taco Bell ad). So real estate and moneymaking, not really working out great for Evander…
According to the ATLANTA JOURNAL-CONSTITUTION, Holyfield’s going to “make his land work for him” by installing solar panels on his estate:
The project, which is in the preliminary stages, would generate solar power for commercial sale, and would take six to nine months to complete, according to Deborah Pointer, who says she helped put the deal together for Holyfield.
Holyfield said his motivation for the project is “to do something right,” by helping to combat global warming.
Holyfield, who has faced financial difficulties including foreclosure on his property, said he hopes to make money from the venture. But he said that it is not his main motivation.
Right. He’s not going to get up there and ask companies to buy his power because he’s desperate for money, even if that’s precisely the case.
Also, this plan doesn’t appear to have been vetted by anybody. After all, if Holyfield’s planning on selling the power, an energy company’s going to have to buy it, right? It’s not like people can walk up and plug in their car batteries for a quick recharge for a five-spot or anything (mental note: implement this business plan because it would be awesome but do not tell anybody about it until patents in place) (mental note: also, do not write mental notes in articles because then people can steal them). So clearly there’s going to have to be some cooperation from the power company, and oh no:
A spokesperson for Georgia Power said the utility company is interested in buying solar power from customers. The likely size of Holyfield’s proposed project, however, could make that more complicated.
By the way, I love it when newspapers do this. “Oh, this is a complicated issue? Then we’ll just leave it at that.” If something’s complicated, then it’s interesting and probably something people don’t readily know. It might even be fun to learn and write about. Either way, being that Holyfield’s plan hinges on Georgia Power buying his power, it seems like the only thing they should be saying is “yes we are buying it,” and certainly not “um… we’ll be getting back to you.”
Shame, really; alternative power is establishing a foothold, and we’ve never had problems with their appearance - though some people play the NIMBY card and there’s not much you can do to stop that. They’re probably not a wise economic crutch yet, though; especially when the power company won’t commit to saying anything other than “you have just complicated this matter.”
[EPIC READING FAIL: We originally wrote this about wind power. The sun and the wind, according to Wikipedia, are two very different things. We will flog ourselves until passing out from pain as penance.]