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Finance committee approves one‑time $1.68M support to keep Eagle Crest operating in FY27
Summary
After debate about reserves and community value, the Assembly Finance Committee voted 7–2 on May 13 to provide a one‑time $1.68 million general‑fund contribution to Eaglerest (Eagle Crest) to avoid a negative restricted balance and keep the mountain open while longer‑term options are explored.
The Finance Committee voted to give Eaglerest a single, one‑time general‑fund contribution of approximately $1.68 million so the ski area can operate through FY27 without a negative restricted fund balance.
Staff presented a manager‑recommended scenario and several alternatives; the committee discussed the fiscal tradeoffs, potential for a revenue 'death spiral' if the mountain closed, and the limits on the Assembly's ability to sustain recurring large subsidies. Advocates stressed the mountain's economic and recreational value to the community and its role in supporting local businesses and youth programs; critics argued the tax burden and long‑term sustainability require a different owner/operator model or a more restrained package of support.
The motion that passed directs a one‑time transfer (not recurring) to restore the Eaglerest fund to a non‑negative position so the mountain can operate for FY27 while staff and stakeholders pursue longer‑term solutions. The roll call recorded seven ayes and two nays. Members emphasized that the Board, staff and community must use the year to pursue alternatives — including different ownership, new revenue streams, or reduced service models — because the Assembly cannot sustain an increased recurring subsidy indefinitely.
Next steps: The contribution will be finalized in the FY27 budget; staff will return with clear conditions, reporting requirements and scenarios showing how Eaglerest can move toward fiscal sustainability.
