Beaver Creek plans spending cuts
BEAVER CREEK, Colorado – The Beaver Creek Resort Co. is planning budget cuts, but officials hope guests won’t notice when they come to Beaver Creek next winter.
“We’re going to have to live within our means,” said Tony O’Rourke, executive director of the resort company.
The cuts will be “basically across the board,” O’Rourke said, adding that specific cuts have not been determined yet.
“We don’t think, in the totality, it’s not going to impact in any way the integrity of the Beaver Creek brand or the experience of guests,” O’Rourke said.
The planned cuts were discussed at a meeting Tuesday morning with Beaver Creek merchants. The meeting was not contentious, and merchants were generally understanding of the need to cut back, said Steve Rosenthal, owner of Colorado Footwear.
Beaver Creek is re-evaluating spending habits, just as many other people in the country are doing right now, Rosenthal said. Cuts were considered for events, marketing and transportation, Rosenthal said.
O’Rourke said bus service might be reduced, but not in a significant way.
“Maybe minutes here and there, not days and hours,” he said.
However, the trademark Beaver Creek cookies will remain, he said.
“You will not find any reduction in chips per cookie,” he said.
The nonprofit Beaver Creek Resort Co. provides marketing, central reservations, transportation and municipal services for Beaver Creek. Its board is made up of a mix of representatives of homeowners, Vail Resorts and other businesses.
It is funded by assessments and fees on retail sales, lift tickets, homeowners and real-estate sales.
Local municipalities are also planning for revenue that is significantly less than what they saw a couple of years ago.
The town of Vail’s recently released 2010 budget plans for a 15 percent decrease in sales tax compared to 2008. For its 2009 budget, the town cut more than $7 million from its budget – mostly capital projects that were delayed until future years.
Eagle County says sales tax collections could be down 20 to 25 percent from 2008 levels. It has asked department managers to prepare budgets that are even or less than last year’s budget amounts.
Staff Writer Edward Stoner can be reached at 970-748-2929 or firstname.lastname@example.org.