Letter from the Chair of the Finance Committee

BASE LODGE EXPANSION (BLE)

As we continue to plan for the Base Lodge Expansion (BLE), I’d like to share an update on the financial principles that guide our decision-making. These principles ensure the BLE is feasible, sustainable, and aligned with Craigleith’s long-term vision.
Here’s how our key revenue sources are allocated to maintain financial stability and fund strategic priorities:

  • Dues: Cover annual operating and maintenance expenses to maintain the Club’s day-to-day operations, ensuring a high-quality member experience and keeping our facilities and existing infrastructure in excellent condition.
  • Capital Levies: Augment the accumulation of long-term funds to take on capital investments such as lift replacements and facilities, such as BLE and the upcoming replacement of the Little John chair.
  • Initiation Fees: Fund significant capital investments, such as the BLE, reflecting the value new members bring to the Club and ensuring equitable contributions across the membership.

These principles allow us to responsibly plan for the future, make informed decisions, and maintain Craigleith’s financial stability over the long term.

Craigleith’s Financial Principals

At the core of our financial strategy is a 50-year financial projection. This long-term plan allows us to take a comprehensive view of the Club’s needs, ensuring financial stability while balancing priorities like infrastructure, facilities, and snowmaking.

This thoughtful, forward-looking approach guides how we allocate resources for significant investments, aligning capital planning with the lifespans of key assets. Doing so ensures that Craigleith remains vibrant and well-equipped for future generations.

A key principle of our financial strategy is to avoid imposing special assessments. To achieve this, we’ve developed financial models and processes that anticipate and plan for significant investments over time. This ensures that projects like the BLE are carefully integrated into the Club’s long-term financial framework, reducing the risk of unexpected financial burdens on members.
Base Lodge Expansion:

Financial Overview

The BLE is an essential investment that enhances the member experience by addressing long-standing needs for additional space, improved functionality, and upgraded amenities.

Key Highlights:

No Special Assessments: As part of our long-term financial strategy, the BLE will be funded entirely through initiation fees, capital levies, and prudent borrowing.

Balanced Funding Approach:

  • Initiation Fees: Provide significant funding, supported by the steady addition of new families.
  • Capital Levies: Ensure equitable contributions from all members toward the Club’s growth.
  • Borrowing: A modest amount between $2M and $4M ensures financial flexibility while keeping debt levels very manageable. The reason for the range is dependent on the timing of the replacement of the Little John Chair.

Integrated into Long-Term Planning: The BLE is part of the 50-year financial plan, which accounts for future capital needs, including lift replacements, snowmaking upgrades, and facility maintenance.

Looking Ahead

The BLE represents a thoughtful investment in Craigleith’s future, ensuring that our facilities meet the needs of current and future members while preserving the traditions and experiences that define our Club.

To provide transparency and detail, we will share supporting materials, including the 50-Year Financial Projections and Financial Principles Memo, explaining the BLE’s funding strategy and long-term vision. These resources will be available on the Club’s website in the coming weeks.

Thank you for your ongoing support and engagement as we continue planning this exciting step forward. Should you have any questions, please don’t hesitate to reach out.

Core Values

Community: Fostering a strong sense of community and belonging among members.

Family: Prioritizing family-friendly experiences and traditions.

Excellence: Striving for excellence in on-hill conditions, facilities, and programs.

Tradition: Preserving and celebrating the Club’s rich history and traditions.

Friendship: Building lasting friendships among members.

The fantastic People that Make it Happen

Our Team

Important stuff

Careers

Join the team at Craigleith Ski Club and be part of an exciting and dynamic workplace! We’re always looking for passionate individuals who thrive in a fast-paced environment and enjoy providing exceptional service to our members. Whether you’re interested in guest services, ski instruction, or hospitality roles, we offer a supportive team atmosphere with opportunities for growth. At Craigleith, you’ll be part of a community that values teamwork, dedication, and a love for the outdoors. Explore our current openings and start your adventure with us!
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