OFFICIAL PRESS RELEASE – Incline Village, NV- The IVGID Board of Trustees recently approved the Diamond Peak base lodge renovation at the April 9th board meeting in Incline Village, Nevada, a $4,031,031 project. The appraised Diamond Peak base lodge renovation is set to start on May 1, 2008.
The $4,031,031 price of the renovation includes three consulting contracts totaling $222,015, owner purchase items totaling $120,000, $97,985 District Engineering Services, and a variance not to exceed $429,000.
Phase One of the Diamond Peak base lodge renovation will expand food and beverage services, rental equipment services, and seating capacity inside and outside. Diamond Peak’s strategy with this renovation is to offer more efficient service to their customers as well as take advantage of the increased revenue opportunities that will come from the expanded services.
Diamond Peak’s estimated revenue through June 30, 2008 will be approximately $6 million dollars with an estimated operating profit of $800,000. Diamond Peak had a total of 127,668 skier visits during the 07/08 season.
Diamond Peak will finish phase one of the base lodge renovation by the time it opens for the 08/09 season on December 11, 2008. Diamond Peak is excited for this much-needed improvement and appreciates the community support. Diamond Peak’s closing date for the 2007-08 ski season was April 13, 2008.
For any questions regarding this release, please visit www.diamondpeak.com or call 775-832-1177.