Andy Wirth and Rosenow Spevacek Group Inc. say no to Olympic Valley incorporation


In an article published in the Sierra Sun, the incorporation of Olympic Valley was discussed. A Comprehensive Fiscal Analysis report created by Rosenow Spevacek Group, Inc. concluded that the incorporation was not a feasible venture. Incorporate Olympic Valley is the group that pioneered the incorporation effort and they made suggestions to make the effort more feasible. These suggestions included reducing the reserve funds allocated to the endeavor, reducing the estimate of full time employees in the town and reducing the estimated contract cost for various services. Fred Ilfeld, of Incorporate Olympic Valley, suggested that the original CFA report was a, “deeply flawed report”.
A challenger to the incorporation is Matthew Newman. He is a co-founder of Blue Sky Consulting Group which is a consultant for Squaw Valley Ski Holdings. He believes the first CFA report used, “reasonable assumptions and sound methodology”.
Blue Sky had some recommendations for the incorporation. These recommendations include future development in the town occurring in a piece meal fashion and reducing the estimated Transient Occupancy Tax to be collected.
Andy Wirth, the President and CEO of Squaw Valley Ski Holdings, is against the incorporation of Olympic Valley. His expertise in Olympic Valley is well known and he has been instrumental in turning the area into a world renowned ski destination. Having over 25 years of experience in the mountain resort and hotel industry, Mr. Wirth’s knowledge and track record speak for the best interest of the area.
Matthew Newman thinks that RSG made the right move when they did not adjust their original projections concerning the reserve funding, number of employees and funding for law enforcement that were proposed by IOV. His comments were, “All three things would have reduced resources to run the town” and “doing so would have made the service level lower than what is currently experienced by the community”.
Ilfeld believes there were miscalculations in the report that work against the feasibility of incorporation. IOV is asking California State Controller’s Office to review the new draft of the CFA report. If the State Controller’s Office determines the town not to be feasible, IOV will have to determine their next move.

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