Trustee Candidate Homan promotes his portfolio theory as a model that has served IVGID well for decades. It goes something along the lines that it’s perfectly acceptable for one venue to lose money as long as all the combined recreation activities cover their operating expenses.That has never been IVGID’s model. He insists that IVGID is not here to run “for-profit” businesses. Maybe that’s true for parks, the skateboard park, disc golf and numerous programs for youth and adults. But when it comes to venues like the Champ course and Diamond Peak, that’s just sheer fantasy.

Look at this exercise from a 2013 IVGID Board budget workshop.  Without exception, Trustees felt the golf courses and Diamond Peak should break even or make a profit. But Homan’s “portfolio” model and the facility fee itself are just guarantees that IVGID will continue to require limitless subsidies. His has indicated that it’s perfectly acceptable if the golf venues lose millions and force the community to subsidize the private golf clubs’ activities, even their catered events and food/beverage.  

Homan has been in denial that the golf courses have been requiring subsidies of nearly $2M/year for the past decade or longer. He won’t acknowledge that it’s unfair for such a small percentage of the community to receive that kind of disproportionate benefit. He thinks these businesses should not be required to pay for capital improvements or debt service.

Ask former Truestee Wong, the leader of the PAC, if she would continue a business that couldn’t cover its capital expenses. Despite his lofty campaign rhetoric, he has already shown on a number of occasions that he places his own special interests ahead of the community’s.