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