Just a couple of notes in looking at the various news stories:
Gaylord Entertainment announced today that it will hold a conference call on Friday May 7, 2010 at 10:00 a.m. to update shareholders and other constituents on the impact of the flood damage experienced at the Gaylord Opryland Resort and the Company's other Nashville-based facilities earlier this week.
As a shareholder, I will watch this webcast, as I am sure they will be discussing their plans on reopening the Gaylord Opryland Hotel and also regarding the Grand Ole Opry House. I also know that they still are going to have their annual stockholders meeting, so I am sure more information will come out of that.
In looking at the Opry website, they are still listing future shows at the Opry House. Obviously, they are still trying to figure out where future shows are going to be held. Also, they are entering a period where only one show was scheduled on Saturday night, and I am sure they will also be looking at that, to see if it is feasible to go to two shows every Saturday night or even on some Friday nights. With the Ryman significantly smaller than the Opry House, they may do that to maximize the attendance. Looking at who as committed for future shows, you have folks such as Carrie Underwood, Josh Turner and of course the big 85th anniversary kick-off show.
The last word that I have heard is that everything backstage at the Opry House is pretty much ruined. That would include all the dressing rooms, musical instruments, the stage costumes that various Opry stars had stored in their lockers, along with the sound equipment and the backdrop. Water filled the entire lower level up to the last four rows.
Finally, I look for the Opry and Pete Fisher to try to commit to a date to return to the Opry House as soon as they can. I would also expect the Opry to fully use the return to the Opry House as a very special event, maybe even calling it a homecoming, or a grand reopening of the Opry House, with many Opry stars returning for the opening night's show in a show of support for the Opry. Maybe they can get GAC involved since it would be such a special event. I know that I am going to make every effort to be there that night when they do return.
I also look for them to use this as a reason to maybe do some more updates inside the Opry House and to improve and update some of the interior of the Opry House. Items such as new carpeting, some new pews, and maybe even update the backdrop again. I am sure they are formulating their plans.
Those are just some of my thoughts.