Feasibility a “No” for Olympic Valley Town

 

Incorporating the Olympic Valley area will be difficult and therefore not feasible due to fiscal reasons according to an article in the Sierra Sun.

Olympic Valley is located near Squaw Valley Ski Resort and has been trying to become incorporated since December 2013. A Comprehensive Fiscal Analysis completed by the Rosenow Spevacek Group, Inc for the second time concluded the proposed town will not be incorporated at this time. RSG claims it took into consideration suggestions made to them by Incorporate Olympic Valley, but found the suggestions would not help fund the town or make the area have enough recourses to incorporate.

For example in the first report, IOV suggested RSG lower the number of the estimated full-time employees, which included the number of law enforcement officers. This would have reduced the number of recourses the community already receives.

In addition, the incorporation of the town has others against its existence. Squaw Valley Ski Holdings CEO Andy Wirth is against the town’s incorporation. In 2010 Wirth took over as CEO of the ski resort and has more than 25 years experience working in the industry. He has worked hard the last 5 years to make the ski resort one of the top tourist destinations in the world.

Despite the RSG report and Wirth’s objections, IOV has requested the California State Controller’s Office review the latest CFA report. The Placer Local Agency Formation Commission agenda notes it will consider a request and a possible Environmental Impact Report on the issue in an August meeting. The EIR may cost the IOV $147,000 to complete if the commission decides it is necessary.

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