Sierra Wave: Eastern Sierra News
Eastern Sierra News for Bishop, Mammoth, Lone Pine, June Lake, Mammoth Lakes
For those who might have thought the Town of Mammoth’s money problems were over, not so. When they meet Wednesday at 5pm, the Town Council will face the fact that the next fiscal year’s budget is short more than half a million dollars compared to the five-year financial plan. Officials point to unknowns in the [...]
Town of Mammoth officials say their special meeting Monday had to be held as a matter of timing. Some citizens had expressed concern that important matters would be heard suddenly in a Monday morning meeting. The special meeting, Monday at 10:30am, lists two items on a consent agenda. One, adoption of the Town’s Local Goals [...]
While the Town of Mammoth Lakes struggles over a kind of surgical reduction of its government structure, the city of most of Mammoth’s customers – Los Angeles – prepares four possible tax hike measures for the March ballot. After Town of Mammoth officials called for severe cuts in the police department and other employee and [...]
Attorneys and officials from the Town of Mammoth and Mammoth Lakes Land Acquisition continue to mediate a deal on the $43 million lawsuit debt. Assistant Town Manager Marianna Marysheva-Martinez said there is nothing new to report. She said both sides continue with mediation talks by phone and email. Martinez said, “There is no deal yet.” [...]
While the Town of Mammoth prepared to file for bankruptcy protection, a Mammoth Lakes Land Acquisition attorney made it clear that MLLA will fight that bankruptcy, doesn’t think Mammoth is eligible for bankruptcy, and maintains that Town officials have refused to accept the responsibility to pay their debt. Dan Brockett has handled the MLLA lawsuit [...]
Even as headlines shouted that Stockton, California would file for bankruptcy by Friday, Town of Mammoth people suspected the same fate for their town next week. Mammoth officials have not confirmed that they will file for Chapter 9 municipal bankruptcy, but short of a deal on MLLA’s $43 million debt, bankruptcy seems the only choice. [...]
It’s official. The Town of Mammoth has two councilmember-elects who will take seats on the Council June 20th. With all of the problems that face the Town of Mammoth, only two candidates signed up to run for two open seats – Mayor Jo Bacon and Michael Raimondo. According to government code, the Town Council had [...]
Forecasts for Town of Mammoth finances ride the same wave as weather forecasts – dry and partly cloudy. Even as Mammoth Mountain’s CEO confirmed a revenue shortfall of 30% and pay cuts for workers, Town Manager Dave Wilbrecht also confirmed that he and others are watching developments carefully, know a revenue shortfall will come and [...]
In the new year, Town of Mammoth officials continue to negotiate with Mammoth Lakes Land Acquisition over the $42 million court judgment owed by the Town. The uncertainty over Town government money continues. Financial advisor Marianna Marysheva-Martinez told Sierra Wave that the Town did get a response from MLLA to its last proposal on December [...]
As Mammoth Lakes Trails Association says, the Sherwins in Mammoth Lakes is “one of the most accessible and diverse out-of-bounds ski areas in the country.” Now, through work by MLTPA, the Town of Mammoth, Snowcreek Investment Company, and homeowners, a direct and legal route exists for skiers to go from the base of the Sherwins [...]
Negotiations between the Town of Mammoth and Mammoth Lakes Land Acquisition have actually begun. MLLA holds the some $40 million debt from the Hotcreek lawsuit. Town Financial Advisor Marianna Marysheva-Martinez said that this week, after a series of closed meetings, both parties entered the negotiation stage following many informational meetings. In a meeting last Tuesday, [...]
Town of Mammoth officials continue to hand out detailed information to officials of Mammoth Lakes Land Acquisition, the Santa Monica firm that holds the big $41 million airport lawsuit debt against Mammoth. Officials from both sides will sit down for a conference call next Monday. Consultant for Mammoth, Marianna Marysheva-Martinez, told Sierra Wave that the [...]