Incorporating Olympic Valley not seen as a good idea
The Olympic Valley region in Tahoe hs recently been at the center of a battle over whether to incorporate the area into a city of less than 1,000 people. The Sacramento Business Journal reports the decision looks set to fall on the side of those hoping incorporation does not happen after an independent study looked into the available options for the area and concluded incorporation would lead to large deficits for the area.
Rival groups have been pouring over the conclusions of the study, but the main conclusion of the report is that the Olympic Valley area would not be able to sustain itself in terms of funding. Even with the inclusion of the taxes charged on potential tourists the deficit is reported to grow over the years of incorporation to around $1.8 million by the 2017-18 fiscal year. A large deficit would grow over the years as the Olympic Valley area would be forced to engage in expensive contracts with the county in a bid to complete its required services. Tourism could provide a large influx of funds for the region. However, the head of the Squaw Valley Ski Resort Andy Wirth has been against incorporation from the start. The study also claimed problems could appear if the area was affected by issues with a lack of snow that limited tourism opportunities.