Sun Valley LOT
Retail takes the
Express Staff Writer
local option tax revenues plunged 22 percent in January 2002, compared to
totals were $102,820 last year and $79,918 this year.
lodging, retail and liquor receipts that make up the total, retail fell
the hardest, 52 percent.
revenues were $38,372 in January 2001 and $18,443 in January 2002.
City Administrator Dan Pincetich told the council at its Feb. 28 meeting
that he expected a drop in the retail revenues because Elkhorn Resort was
not operating at last year’s levels.
restaurants at the resort, River Rock and Tequila Joes, were not open this
Martin, vice president of operations for Elkhorn’s new owner, Chesapeake
Hotel Group, said that the resort was looking for more convention and
lodging business, but that the marketing plan was not as aggressive as in
we are not shut down," he said.
lodging revenues were down 6 percent from last year: $53,442 this year and
$56,863 last year. Liquor revenues were up 6 percent: $8,033 this year and
$7,585 last year.
So far this
year, Sun Valley’s local option tax revenues are down 15 percent
compared to last year.