(Topic ID: 222136)

Pinball Hall of Fame to close


By timarnold

9 months ago



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  • 422 posts
  • 145 Pinsiders participating
  • Latest reply 11 days ago by GravitaR
  • Topic is favorited by 85 Pinsiders

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    There are 422 posts in this topic. You are on page 2 of 9.
    #51 9 months ago

    PBHOF was where I fell in love with pinball. Can't wait to see the new place!

    #52 9 months ago

    Great news! The only ones who aren't going to be happy about this are the people at the rub and tug massage parlor next door to the current location. They're going to lose half their business I bet.

    #53 9 months ago

    Congratulations on the new location. That will surely bring in loads of business and get more folks from around the world to experience Pinball. I've personally enjoyed your collection. Good luck and I hope to visit the new place one day!

    #54 9 months ago
    Quoted from vicjw66:

    The only ones who aren't going to be happy about this are the people at the rub and tug massage parlor next door to the current location. They're going to lose half their business I bet.

    Yes, because if there's one thing pinballers hate, it's... orgasms???

    Love that you will be able to fly in to the airport and just walk over to the new PHOF. What a location!

    #55 9 months ago
    Quoted from cait001:

    Love that you will be able to fly in to the airport and just walk over to the new PHOF.

    It's an hour walk around the airport. However, I believe you could take a shuttle to Mandalay bay for free (last time I checked I don't think they verify you have a reservation), then it IS a short walk to the PHOF.

    #56 9 months ago

    Whenever I go to Vegas I go to the PHOF as much as possible and have more fun there than any casino. The plethra of games opened my eyes to very awesome titles that I otherwise wouldn't be able to play here in Denver. Thanks for all the good times and more to come. I guess it gives me a reason to stay on the strip now as I would rather stay downtown and didn't mind the drive. I'll have to contribute just cause this place kick ass and want it to stay. Best of luck!

    #57 9 months ago

    I'm going to donate. My wife and I had a conversation with Tim years ago and found out he lived in our home town (Duluth, MN) many many years ago. We now consider him a homie. And, we've always enjoyed stopping in when in Vegas.

    #58 9 months ago

    Awesome, been to Vegas twice in last 15 (since afflicted with pinball disease) for 2 reasons, PHoF and Beatles Love. Congrats!

    #59 9 months ago

    Great news Tim. Thanks for doing this and for all you do for the pin community. I was never able to make one of your party nights, but when I was in town for a convention in the nineties (pre-PHOF), I called you up and asked if I could come out to your house. You were awesome to me...went out to the big building and saw stacks and stacks of pins along with the however many you had setup to play...you turned on all the power and told me to have fun...Can't remember how many games I played or how long I stayed, but what a great time. I'll never forget it. Donation made.

    Look forward to seeing you at Expo this year.

    Hogey

    PS-also saw the biggest pyramid of bowling balls on the planet.

    14
    #60 9 months ago

    Just had a little fun this morning with the PHOF brand. Subtle homage to Vegas sign in the reflection highlight Fun colorful and would look good on tokens

    pinball-hof (resized).jpg

    #61 9 months ago

    Maybe fit some score reels in there somewhere

    #62 9 months ago
    Quoted from timarnold:

    Because we can not sell our old building and lot on Trop until we finish construction on the Sombrero lot

    Why not? You don't explain this. Are you just holding onto it to store your machines?

    There would be cheaper options, and it would easily free up a couple million to help you out.

    #63 9 months ago
    Quoted from flashinstinct:

    Just had a little fun this morning with the PHOF brand. Subtle homage to Vegas sign in the reflection highlight Fun colorful and would look good on tokens
    [quoted image]

    I'm sure we're way ahead of ourselves, but the design looks cool to me. Unless you're going with the 3D model, which costs thousands, a cast token needs to be essentially be a one color design. Essentially either raised or not raised. Something like this.

    Token2 (resized).jpg

    #64 9 months ago

    Great news, its been past due that for me to visit the past 4 years...

    I'd totally recommend an indiegogo or gofundme campaign.

    #65 9 months ago
    Quoted from lpeters82:

    I'm sure we're way ahead of ourselves, but the design looks cool to me. Unless you're going with the 3D model, which costs thousands, a cast token needs to be essentially be a one color design. Essentially either raised or not raised. Something like this.
    [quoted image]

    Exactly.

    #66 9 months ago

    Were you working on that as the same time as me? If so it's kind of neat that we came to the same realization on solution to the shooting star. I tried a few different options for that area, but decided the outline was the best solution.

    #67 9 months ago

    Wish I was closer

    #68 9 months ago
    Quoted from lpeters82:

    Were you working on that as the same time as me? If so it's kind of neat that we came to the same realization on solution to the shooting star. I tried a few different options for that area, but decided the outline was the best solution.

    It was the only way it would have worked. Yeah was working on it at the same time

    #69 9 months ago

    So in, Tim! Congrats on the new location. I've been going for at least 10 years. So stoked to see you go to the next level!

    #70 9 months ago

    Awesome - donated. Congratulations!

    #71 9 months ago
    Quoted from RTS:

    Why not? You don't explain this. Are you just holding onto it to store your machines?
    There would be cheaper options, and it would easily free up a couple million to help you out.

    Income, bottom line. Have to keep it operating in the current location until the day they are ready to move.

    #72 9 months ago
    Quoted from vdojaq:

    Income, bottom line. Have to keep it operating in the current location until the day they are ready to move.

    Depends on the income.

    You have to offset the cost of borrowing a million dollars.

    It might cost less to close temporarily (and have access to 2 million dollars interest free) than to make the monthly payment.

    #73 9 months ago

    I dont get to Vegas much anymore as the last time i got asked to leave the casino for counting cards playing 21 but a check will be in the mail asap Thanks for all you do for pinball

    #74 9 months ago
    Quoted from plowpusher:

    i got asked to leave the casino for counting cards

    They can't do anything besides kick you out, right? Mix it up. Go to different casinos. Wear disguises. Then report back, obviously.

    #75 9 months ago
    Quoted from RTS:

    Depends on the income.

    You have to offset the cost of borrowing a million dollars.

    It might cost less to close temporarily (and have access to 2 million dollars interest free) than to make the monthly payment

    Looks like banks charge between 5-35% on unsecured loans (don't know if owning a 2 million dollar building as collateral makes any difference on that rate), but yea:

    million dollars:
    5% over 15 years (but paid off before that date) is $7,900 per month
    35% over 15 years is 29.3k per month

    From what I've seen on tax filings for PHOF, Tim grosses between $500k-million per year.. So he's still going to be cash positive, but that's still money out the window to pay interest.

    #76 9 months ago
    Quoted from toyotaboy:

    Looks like banks charge between 5-35% on unsecured loans (don't know if owning a 2 million dollar building as collateral makes any difference on that rate), but yea:
    million dollars:
    5% over 15 years (but paid off before that date) is $7,900 per month
    35% over 15 years is 29.3k per month
    From what I've seen on tax filings for PHOF, Tim grosses between $500k-million per year.. So he's still going to be cash positive, but that's still money out the window to pay interest.

    I'm still dumbfounded that pinball can earn $500k - 1M per year.

    My pinball operator friends must be doing it wrong.

    #77 9 months ago
    Quoted from RTS:

    I'm still dumbfounded that pinball can earn $500k - 1M per year.

    My pinball operator friends must be doing it wrong.

    I've seen his numbers and always think he's got the greatest arcade in the world. Probably the greatest arcade there has ever been.

    LTG : )

    #78 9 months ago

    Location, Location, Location.

    #79 9 months ago
    Quoted from CubeSnake:

    Location, Location, Location.

    Which is about to get much better! Obviously not a cheap move, but there's no way this won't massively increase the number of visitors.

    #80 9 months ago

    What I like about Tim & PHOF is he has always done it his way - on his terms - then gives all the profits to charity. How can you do any better than that in life?

    Now it is time for the pinball community to step up - reach into their pockets and keep Tim from having to pay a ton of interest on borrowed money. If 1000 people send just $100 it would cover 10% of his current shortfall. If a few people give a little more and maybe some vendors touch base with him about doing some advertising for them in exchange for a bigger donation (maybe something like a 3x5' banner on the wall for a $1000 donation (or whatever) - which would be tax deductible for that vendor since PHOF is a non-profit) and next thing you know between that and Tim kicking in some of his profits from this year and all of a sudden there is no "bridge loan".

    A few people doing just a little COULD be a huge help here. Even just $10 or $20 from a few hundred people could be HUGE. I will do my part as soon as I have some extra cash but for now I just wanted to give this post a little bump and tell Tim to keep up the great work!

    #81 9 months ago

    Hi Tim,
    just sent in my contribution thru PP. Rick

    #82 9 months ago
    Quoted from toyotaboy:

    Seeing how this is RIGHT next to the airport, it would be free advertising if the top of the roof was painted to look like a pinball machine. Every flight in "look, there's a giant pinball machine! We should go visit there!"[quoted image]

    Applause3.gif
    #83 9 months ago

    Happy to hear you are just upgrading. Going to the PHOF every time I visit my mother in law in Vegas is the highlight of my trip. Running a project on the scope of the PHOF is mind bending. Thanks Tim for continuously doing it, and doing it all for charity. Truly a saint. Glad to donate.

    #84 9 months ago
    Quoted from toyotaboy:

    Looks like banks charge between 5-35% on unsecured loans (don't know if owning a 2 million dollar building as collateral makes any difference on that rate), but yea:
    million dollars:
    5% over 15 years (but paid off before that date) is $7,900 per month
    35% over 15 years is 29.3k per month
    From what I've seen on tax filings for PHOF, Tim grosses between $500k-million per year.. So he's still going to be cash positive, but that's still money out the window to pay interest.

    i'm guessing that TA personally is the 'bank' here and he's taking home going rate for a loan to the LVPCC for the year. Its not likely that a bank is going to loan a bunch of pirates any money, regardless of the amount let alone the location. So if TA is loaning the LVPCC the money for the bridge good for him, good for pinball, and good that he personally takes his money at risk (whatever that may be, the interest rate likely should reflect this risk) and get some return on it. Whatever the process, its great freaking news that LVPCC has not only paid off the land, the building, bought new land, will use that land for leverage in paying off part or all of the new place, and has finally asked for others to step up and do their part in the pinball community via a funraiser that isn't douche bag 'schtickfarter' or 'end-a-goo-goo'. Indie to the end, TA and posse of fart pirates (hippy, latisha, ugly mike, pirate john, sal the exterminator, patrick, and many more dismembered folks) need some help, and they asked for it. That is all that I need to hear, 500-1000 anyone. Matching donations going on?

    #85 9 months ago

    I’m so pumped about this move. Always stop in to the PHOF when I’m in Vegas, but now it won’t be so much of a hassle. Plus, that’s a great location. Great move. Guess it’s time for some charitable giving.

    #86 9 months ago

    That is very exciting news. I visited PHOF the last two times in Vegas and will continue on future trips. Seeing and hearing all those rows of pins when I walk through the doors always puts a smile on my face. Each time I have been able to play machines that I are not at the bars or in my friend's collections or even at Pinball Expo.

    I look forward to visiting the new location and the expanded collection.

    If you could have the grand opening the Friday or Saturday of super bowl weekend that would be great... so I could attend.

    Good luck!

    Donation sent.

    #87 9 months ago

    Tim if you need tech help let me know. Can donate 3 or 4 days of solid state repairs,boardwork,cleaning set up etc.as long as I can play craps at night all is. good.

    #88 9 months ago
    Quoted from pinballplusMN:

    Tim if you need tech help let me know. Can donate 3 or 4 days of solid state repairs,boardwork,cleaning set up etc.as long as I can play craps at night all is. good.

    From talking with Tim in the past about tech help he is always looking for anyone willing to donate some time. I would PM him directly to double check but I think you can safely assume if you are in Vegas and want to help out he will welcome any help he can get.

    #89 9 months ago

    There is always plenty of need to sweep floors, polish knobs, and clean PF glass, as well as walk around and make sure douche bag kids are not on all fours under pins or scooping quarters from the games. In other words, working on games is kinda an earned thing, must have skills, have some cred, and get to know the head goon that runs the goonie freak show in search of the pirate.

    #90 9 months ago

    Congratulations on the move! A visit to the PHOF has been a non-negotiable item on our Vegas itinerary for every trip we've made since 2006. We always rent a car, so the trip is no big deal for us, but I'm excited to hear about the expanded capacity. And, of course, anything that's good for the PHOF is a big win! We will be signing up for a membership ASAP. We will also be anxiously awaiting the Grand Opening dates as a trip to Vegas for that weekend will also be non-negotiable!

    #91 9 months ago
    Quoted from ryanwanger:

    They can't do anything besides kick you out, right? Mix it up. Go to different casinos. Wear disguises. Then report back.

    ever hear of the griffin book?

    griffin02 (resized).jpg
    #92 9 months ago
    Quoted from toyotaboy:

    From what I've seen on tax filings for PHOF, Tim grosses between $500k-million per year..

    how much is gross going to increase when he relocates to a strategically better location and triples floorspace in a modernized building? double? triple? quadruple? even if the first $300 each day [~100K/yr] goes to pay interest on $1M [secured], the PHOF should instantly be more profiable than being on trop and all the while sitting on a property with a few million in equity because he bought it right.

    #93 9 months ago

    On behalf of the Museum of Pinball, congrats to Tim and his great staff and helpers.

    Allow me to suggest that on top of monetary help or if you presently can't provide monetary assistance, the Hall of Fame is always in need for quality, loyal and responsible VOLUNTEER help. I understand you can contact Tim or Beth to find out about their volunteer programs. Specially once they move to the larger location with more machines.

    We are so excited about Tim's dream coming true. Please keep us posted on your progress with contraction and the move.

    #94 9 months ago

    Yes ,you can’t get a game without being watched and when Louie and Rocko escort you to the door its time to find a different form of entertainment

    Quoted from greenhornet:

    ever hear of the griffin book?[quoted image]

    -2
    #95 9 months ago
    Quoted from greenhornet:

    how much is gross going to increase when he relocates to a strategically better location and triples floorspace in a modernized building? double? triple? quadruple?

    30-35%.

    #96 9 months ago

    That’s just nuts

    The biggest impediment to going there will be removed.

    Most tourists don’t even know the place exists. They will now.

    Most residents don’t know the place exists. They will now.

    Each person attending is likely to spend more time and money each visit.

    More games on the floor means more pinball people making more trips.

    This is going to be a massive win for the phof.

    #97 9 months ago

    the addition of a gift shop alone could more than double sales.

    and dont forget about the snack bar.
    snackbar04.jpg

    #98 9 months ago

    Great news. Good for pinball. Congratulations!

    #99 9 months ago

    Any idea when they’re closing?

    I’m headed there soon and wanted to go.

    #100 9 months ago
    Quoted from Pdxmonkey:

    Any idea when they’re closing?
    I’m headed there soon and wanted to go.

    Sounds like a two year plan - so I would assume the current location will be open until new building is approved & built.

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