Designated Resorts Management Legislation
Dear Members of TCI Government & Legislature:
The Designated Resorts Legislation would force property owners in designated resorts to rent solely through the applicable resort management company. This would give the management companies a monopoly and would negatively affect the guest experience.
In addition, the Legislation would deprive owners of their fundamental property rights, which were freely bargained when they purchased their units. This would amount to a confiscation of property rights by the government for the benefit of a third party. Such action would have a depressing effect on property values and would make TCI less attractive to investors.
We are opposed to the enactment of the Designated Resorts Management legislation that has been presented to you by the resort managers.
We urge you to not enact this legislation and issue a statement that it will not be re-considered for not less than 10 years.