Incorporation Goal Unattainable Without Adjustments in Pace of Growth Read more

Incorporation Goal Unattainable Without Adjustments in Pace of Growth

 

According to the Sierra Sun Rosenow Spevacek Group, Inc., the financial oomph for the suggested town named Olympic Valley isn’t currently workable. This report, announced in July of 2015, repeats the previous findings.

The Rosenow Spevacek Group, Inc. formulated the Comprehensive Fiscal Analysis paper. RSG examined the proposed changes, but didn’t perforce heed the suggestions.

The Sierra Sun states that in May, Incorporate Olympic Valley, the group advocating incorporation, advised reducing the cost by lowering the number of full time workers, lowering the amount saved for a reserve fund, and lowering the cost of some services.

The chair of the Incorporate OV Foundation stated that the preparatory report was very amiss.

The incorporation is being challenged by Squaw Ski Holdings. Its consultant, Mathew Newman, declared the original report as moderate in assumptions and utilizing sound technique. Andrew Wirth is President and CEO of the company. SVSH is the originator of Squaw Valley and Alpine Meadows ski retreats in Olympic Valley.

Wirth’s grandfather, Conrad Wirth, was the director of the National Park Service from 1951-1964. Andrew Wirth’s career in the mountain retreat and the hotel industry has spanned 25 years. He started with the Steamboat Springs Resort in 1986 and became vice-president of Intrawest in 2007. He moved on to Squaw Valley in 2010. Wirth is opposed to incorporating Olympic Valley.

The consulting group, Blue Sky, offered these proposals: That the town should grow more slowly and reduce the Transient Occupancy Tax.

RSG pinpointed 20 categories, but not many changes were heeded. Mr. Newman agreed that RSG was correct in refusing to make certain changes to the projections. He said Olympic Valley would have experienced poorer services than they are accustomed to.

IOV has asked the California State Controller’s Office to inspect the current copy of the CFA report. IOV has to be exact, in writing, concerning what they want the Controller’s Office to review.

IOV says that what to do will be determined after they see what the Controller’s Office reports.