Opinion: Pinkerton’s column on Diamond Peak lacks transparency
February 25, 2015
I disagree with the Incline Village General Improvement District GM's Corner in the Feb. 19 issue of the "Bonanza," which states that "Diamond Peak's business model is strong."
The column is incomplete, lacks transparency and denies the financial role of property owners in Diamond Peak's operation. Unlike Diamond Peak's peer ski areas, the property owners in Incline Village and Crystal Bay provide an annual subsidy of almost $1 million to Diamond Peak.
Each property owner must pay an annual non-beach recreation fee of $730 to support recreational venues in Incline Village, including Diamond Peak. For this annual fee, the property owner and authorized users can obtain a resident discount for lift tickets and passes at Diamond Peak for a price that is not always less expensive than from other sources such as Costco, Snowbomb, DPSEF, SNC, membership in PSIA or NSP, employee of IVGID, the Hyatt or others.
Diamond Peak's business model strength lies in the property owner's subsidy and potential for property owners to be financially liable for any losses.
General Manager Steve Pinkerton should acknowledge, via a letter to property owners and in the Bonanza, this significant oversight and affront.
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