For years here in Effingham County, those who had the old money set the business atmosphere for everyone else, just as you describe, poledo. Because the old money sat on the sidelines, those who had a little new money to invest were really reluctant to risk their capital. Also, it is said that certain of the old guard liked things the way they were, and that they would discourage any sort of investments by others if possible. I think every county in the country has had a similar period in their history. In Effingham County, one very wealthy woman lived to a ripe old age and died with all of the grace deserved by a beloved elder; and that was all it took to start the ball rolling, as the estate was settled and many acres of property were suddenly made available for development. Nowadays, one hears complaints about all of the "outsiders" coming in and changing things.
"Playing radio." Sadly, the person who would be successful at my fantasy would almost have to do it as a sideline, perhaps setting aside a fixed amount of money to acquire, improve and operate the station of his dreams - and letting the operation survive if it can survive. I worked for a fellow a few years ago who operated a business just that way: He was adamant that he had invested all he intended to invest and not one cent more. That being said, whoever the right person is would have to be a radio pro and not a dabbler, someone too hard-headed to quit, in other words.
"Playing radio." Sadly, the person who would be successful at my fantasy would almost have to do it as a sideline, perhaps setting aside a fixed amount of money to acquire, improve and operate the station of his dreams - and letting the operation survive if it can survive. I worked for a fellow a few years ago who operated a business just that way: He was adamant that he had invested all he intended to invest and not one cent more. That being said, whoever the right person is would have to be a radio pro and not a dabbler, someone too hard-headed to quit, in other words.