I look forward to sharing more about DMCs future as we emerge from this process and the broader COVID-19 pandemic. DMC continued to solicit donations from its dedicated donor base and augmented its revenues with two Paycheck Protection Program Loans of $289,000 each one in 2020 and a second in February 2021, both of which have been fully forgiven. The First Shambhala USA Note has a maturity date of October 31, 2020. For more than 50 years, extraordinary people have gathered here to experience Shambhala teachings and partake in over 100 year-round offerings featuring indigenous wisdom traditions, body awareness practices, contemplative arts, mindful living or other paths of personal transformation. Its been about taking the glasses off, actually seeing clearly, genuinely, what really is. Guests make use of gendered bathhouses in a nearby, separate building. In todays high-paced, high-stress world, each of us has the natural capacity to find peace, clarity, well-being, and compassion within ourselves. On April 22, 2021, DMC issued an unsecured promissory note in favor of Robert King and Lindy King in the original principal amount of $125,000 (the King Note). In July 2021, DMC re-opened its facilities on a limited basis under COVID-19 guidelines developed in consultation with an epidemiologist and federal, state, and local recommendations. What restaurants are near Drala Mountain Center? Unfortunately, the wildfire swept through DMCs property in September 2020, forcing DMCs residential staff to evacuate to safety, destroying 15 buildings (but sparing the Great Stupa), and damaging water, sewer, and electrical systems. Each campground offeres a shared bathhouse. DMC also received insurance proceeds for the covered properties damaged by the wildfire; however, the insurance proceeds are not sufficient to reimburse DMC for the full cost of repairing all of the fire damage. Trungpa Rinpoche described it as energy beyond aggression. Drala can refer to the wisdom accessed through the sense perceptions. Our center offers the vastness, stillness, and gentle support that allows you to unwind, unplug, relax, and reconnect to what is of true value in your life. Located just 2 hours from Denver, it is the perfect venue for your next group retreat, special gathering, educational program or workshop. This relief is critical to the Debtors restructuring and reorganization efforts. The staff is scary, not friendly, not helpful, food is terrible! Up where the center is located will be highs of 40. Lodging Types Archive - Drala Mountain Center Lodgings 1 2 Lodge Dorm $139 per person, per night, includes meals Two same-gender dormitories are available in Rigden Lodge, each with seven twin beds and access to shared same-gender bathrooms. DMC is extraordinarily grateful for the continuing love and support of the broad DMC community, including our staff, donors, program participants, retreatants, and guests. ). The Pema Chdrn Foundations commitment letter is attached as Exhibit A hereto. DRALA MOUNTAIN CENTER - 37 Photos & 20 Reviews - 151 Shambhala Way, Red Feather Lakes, Colorado - Health Retreats - Phone Number - Yelp Restaurants Home Services Auto Services Drala Mountain Center 20 reviews Unclaimed Health Retreats Edit See all 40 photos Write a review Add photo Services Offered Virtual Consultations In March 2020, in response to the latest recommendation of the Center for Disease Control and Prevention and executive and public health orders of the State of Colorado, DMC cancelled all on-site programs and closed its facilities to all guests and visitors. In addition, in August 2020, the devastating Cameron Peak wildfire swept through DMC land, requiring DMCs residential staff to evacuate to safety, destroying many buildings and tent platforms (but sparing the Great Stupa), and damaging water, sewer, and electrical systems. On November 1, 2021, DMC and Red Hills entered into the Red Hills Forbearance Agreement, which (i)extended the forbearance period for the Wells Fargo Loan to February 28, 2022, (ii) required DMC to make a one-time forbearance payment of $25,000 to be applied to accrued interest, and (iii)provided for continued $5,000 monthly interest payments by DMC. Pursuant to 28 U.S.C. Some of our campgrounds were impacted by a recent wildfire and the affects may still be visible this summer, however, they are safe to use. The by Janet Pal 0 comments Prior to the COVID-19 pandemic, DMC hosted more than 12,000 guests each year, generating over $1.6 million in lodging revenues in 2018 and $1.3 million in lodging revenues in 2019. DMC generates revenues primarily through the following: (a) charitable donations and volunteers, (b)lodging and dining accommodations; (c)meeting facilities for event hosting and group activities; (d)fees from online and on-site retreats, programs and workshops; and (e)gift store sales. Other major donors have already committed substantially over half of the $500,000 matching amount. To minimize any loss of value, the Debtors immediate objective is to maintain a business-as-usual atmosphere during the course of this Subchapter V case, with as little interruption or disruption to the Debtors operations as possible. Since re-opening, DMC has welcomed more than 1,300 overnight guests, 600 online participants, and thousands of day visitors. If you like people who read (and read and read! The whole place has a very peaceful aura about it and is really very alive with good vibrations. Since re-opening its facilities on a limited basis in July 2021 under COVID-19 restrictions, DMC has averaged approximately $41,000 in monthly program revenues. RETREATS - Drala Mountain Center As of the Petition Date, approximately $25,406.96 in principal amount remains outstanding on the First Owens Note. Drala Mountain Center - Meditation Retreats and Buddhist Retreats The Budget was prepared by the Debtor with assistance from its financial advisor, Cordes & Company, and is based upon historical figures. On February 4, 2022, the Pema Chdrn Foundation, a non-profit foundation dedicated to sharing the teachings of renowned Buddhist teacher Pema Chdrn, committed to donate $500,000 to DMC, conditioned on (i) DMCs receipt of matching donations totaling $500,000, (ii) DMCs commitment to launch a fundraising campaign with a target goal of an additional $500,000 in donations during 2022, and (iii) either a refinancing or restructuring of the Wells Fargo Loan on terms satisfactory to the foundation. 510-761-5885 Available Monday through Friday. Below is the text of the First Day Declaration filed with the US Bankruptcy Court. If this is a buddhist retreat, then I don't want to go there again. The Wells Fargo Loan currently has a principal balance of $3,863,071.36 and bears interest at the non-default rate of 6.25% per annum. In recent years prior to the COVID-19 shut-down, DMC hosted, on average, more than 10,000 overnight guests and day visitors per year and received over 5,500 individual donations, totaling on average over $750,000 per year. Trustee US Trustee 2 reviews #3 of 3 campgrounds in Red Feather Lakes 151 Shambhala Way, Red Feather Lakes, CO 80545-7400 Write a review View all photos (7) View prices for your travel dates Check In / / Check Out / / Guests Contact accommodation for availability. The following charts depict the Debtors funded debt structure: first lien on certain personal and real property of the Debtor and certain real estate of Shambhala USA, ). There are similar hotels available. Of this amount, $210,000 is currently held in escrow pending the successful completion of this Subchapter V case. The reason I rate it as very good rather than excellent is because the statue does have a lot of dust on it which they said they clean once a month. I am very spiritual and have read some books in budhism and meditating throughout my life so I was expecting an inspirational journey but what I encountered was a place that it was not very clean, the people that worked there I personally think they were not spiritual at all, the teacher was not very inspiring and the assistant that was going to teach us some yoga posses told us to forgive her because she wasn't sure she could remember them well . Drala Mountain Center is such a place, where the land itself the weather, the flora and fauna, the creatures and features of this hidden mountain valley combine to bring us into direct contact with the present moment, with the wisdom that is our birthright. Lets buy it.. Previous Article This Week in Concerts - Elton John, . Under the terms of the Red Hills Forbearance Agreement, interest accrues at a non-default rate of 6.25%. Blog - Drala Mountain Center Drala Mountain Center is an educational nonprofit organization whose mission is to serve as a contemplative center for the exploration of individual and societal wisdom. To satisfy the contingencies for the Pema Chdrn Foundation Donation, DMC is continuing to raise matching donations and plans to launch a fundraising campaign for an additional $500,000 during the summer of 2022. To satisfy the contingencies for the Pema Chdrn Foundation Donation, DMC is continuing to raise matching donations and plans to launch a fundraising campaign for an additional $500,000 during the summer of 2022. On January 31, 2020, DMC issued a promissory note in favor of Shambhala USA in the original principal amount of $80,000, without interest (the Second Shambhala USA Note). The Second Shambhala USA Note provides that, upon default, the entire unpaid balance shall, at the option of Shambhala USA and without notice, become payable at once, and the unpaid principal shall thereafter bear interest at the rate of 8% per annum. In July 2021, DMC re-opened its facilities on a limited basis under COVID-19 guidelines developed in consultation with an epidemiologist and federal, state, and local government recommendations. Breathtaking beauty, but sometimes standing in the mud--tremendous gentleness and kindness from participants and staff, who are still human, still alive and flawed. Drala Mountain provides a container for guests and teachers to explore and connect with wisdom. Based on my tenure with DMC, my review of relevant documents, and my discussions with other members of DMCs management team and professional advisors, I am familiar with DMCs day-to-day operations, business, and financial affairs. First Day Declaration of Michael Gayner a PDF of the document below. As of the Petition Date, approximately $66,587.32 in principal amount remains outstanding on the King Note. In an effort to prevent the spread of the wildfire, DMC took defensive measures recommended by the local fire department, including trimming grasses and bushes around propane tanks and buildings and removing brush. In light of these findings, Sakyong Mipham Rinpoche stepped down from all administrative and teaching responsibilities as Shambhalas leader. Red Feather Lakes, CO 80545, https://www.dralamountain.org/wp-content/uploads/2022/10/drala-mountian-authentic-presence-stupa.png, https://www.dralamountain.org/wp-content/uploads/2023/05/Drala-logo-1.jpg, Authentic Presence: Reawakening Spiritual Confidence, https://www.dralamountain.org/wp-content/uploads/2014/11/ashe_space_115.jpg, https://www.dralamountain.org/wp-content/uploads/2023/04/drala-mountain-sunrise-grasses-retreat.png, https://www.dralamountain.org/wp-content/uploads/2014/05/sun-camp.png, https://www.dralamountain.org/wp-content/uploads/2023/02/drala-mountain-open-heart-retreat.png, Quiet Mind, Open Heart: Resting in Inner Refuge, https://www.dralamountain.org/wp-content/uploads/2023/02/drala-mountain-stupa-buddha.png, Mahayana Summer Seminar: Prajnaparamita and Chd, https://www.dralamountain.org/wp-content/uploads/2023/02/drala-mountain-family-camp.png, https://www.dralamountain.org/wp-content/uploads/2023/05/drala-mountain-evolving-ground.png, https://www.dralamountain.org/wp-content/uploads/2023/02/drala-mountain-chod.png, https://www.dralamountain.org/wp-content/uploads/2023/04/blake-d-bauer.png, Beyond Suffering: Unconditional Self Love, Mindfulness Meditation & Qi Gong Retreat, Beyond Suffering Level 2: Unconditional Self Love, Mindfulness, Meditation & Qi Gong Retreat, https://www.dralamountain.org/wp-content/uploads/2023/03/andrew-holocek.png, LAND Death and the Art of Dying: Deep Dive into the Luminous Bardo, https://www.dralamountain.org/wp-content/uploads/2023/04/drala-mountain-wisdom-of-body.png, Womens Summer Meditation and Yoga Retreat, ONLINE Death and the Art of Dying: Deep Dive into the Luminous Bardo, https://www.dralamountain.org/wp-content/uploads/2023/03/drala-mountain-mindful-living.png, Mindful Living: Teachings and Practices from Mindfulness-Based Stress Reduction (MBSR), https://www.dralamountain.org/wp-content/uploads/2023/05/drala-mountain-stupa-visit.png, Blessings: Celebrating the Great Stupa of Dharmakaya, https://www.dralamountain.org/wp-content/uploads/2023/05/drala-mountain-mindful-self-compassion.png, https://www.dralamountain.org/wp-content/uploads/2023/02/LC_laughing_costa.jpg, Cultivating Compassion: A Lojong Mind-Training Retreat, https://www.dralamountain.org/wp-content/uploads/2023/05/drala-mountain-feng-shui-feature.png, Walking the Land: an Introduction to the Fengshui of Drala Mountain Center, https://www.dralamountain.org/wp-content/uploads/2023/03/drala-moutain-katharine-kaufman.png, Wisdom of the Body: Yoga and Meditation Retreat, https://www.dralamountain.org/wp-content/uploads/2022/10/cole-heather-color.png, Slowing Down: A Yoga, Self-Care, and Loving-Kindness Retreat | Extended, Slowing Down: A Yoga, Self-Care, and Loving-Kindness Retreat, Website by Integritive Web Design :: Asheville, NC.
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