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Wednesday

July 2014

23

Financial troubles for Olympia ski hill, golf course

Attorney Timothy Van de Kamp on Tuesday night pleaded with Oconomowoc Common Council for approval of a 12-month payment plan on delinquent taxes owed by Olympia Sports Center. Van de Kamp is with Milwaukee law firm O'Neil Cannon Hollman DeJong & Laing, the current receiver of the golf course and ski hill once operated by Jeffrey Statz. According to Oconomowoc officials the sports complex is under Chapter 13 bankruptcy.

The yearlong payment plan would enable the receiver to secure a liquor license for next year - a necessary item to keep the business open said Van de Kamp. According to city documents, the property is delinquent $36,519.80 in real estate taxes and $154 in past-due utilities.

Company White Star Management has been appointed to manage the complex by the receiver. Two men who ran the ski hill last year are interested in leasing the ski hill for a second year this winter and said the license is crucial to operations. On man said parents enjoy sitting in the bar while watching their children take lessons.

Mayor Jim Daley moved to not approve the plan, but to have the receiver come up with a way to pay the delinquent funds by the end of business on June 29. Under city ordinance, liquor license holders must be in good standing with the city, which includes no past due bills, in order to have their license renewed for the next license year which begins on July 1.

Officials approved denial citing it being unfair to other businesses if they approved a plan for Olympia. Daley said other businesses in similar situations this year have found ways to pay the delinquent taxes and the receiver for the sports complex needs to do the same.

The receiver has until the end of the day to pay the bills or it will forfeit its liquor license for 2012-13. However, officials approved keeping the license with the property to help the marketability of the property for resale.

More on this story in Thursday's Oconomowoc Focus.

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