Governor addresses 2nd Homeowners at TPW Luncheon

December 31, 2008

GOVERNOR DOUGLAS ADDRESSES SECOND HOMEOWNERS AT TPW MANAGEMENT LUNCHEON

Manchester, VT - Second homeowners from communities at Vermont ski areas were given the opportunity to hear Governor Jim Douglas speak on issues that have an effect on their vacation properties. TPW Management, a premier property management and technical consulting firm based in Manchester, Vermont, annually hosts a luncheon for the Boards of Directors of the nearly 1,900 properties they manage at Mount Snow, Stratton, Okemo, Killington and Smugglers' Notch. The luncheon provides the Board members with a forum at which they can raise issues ranging from permitting and water system regulation to property taxes.

"For years we heard the second homeowners express their dismay over the fact that they did not have a voice in Montpelier", explains Paul T. Carroccio, TPW's CEO." We pay our taxes, come to Vermont and spend our money and no one seems to care about any of our issues", was something we heard year after year, said Carroccio, who went on to say "So, about three years ago we decided to give our customers a chance to speak directly to the Governor, let him know how they felt and also have the opportunity to ask him questions".

When approached with the idea Governor Douglas was enthusiastic about meeting people who make a very large contribution to the Vermont economy. "Governor Douglas thought the idea for this type of forum was great" recalls Carroccio. "He wholeheartedly supported the idea and willingly came to the first and subsequent luncheons".

Event planner and TPW's Human Resources Director Laura Heinel commented on the Governor's attendance and responses to questions this year. "Many attendees were amazed that Vermont has such an approachable Governor and one who is so well versed on the state and national economy. Governor Douglas is truly concerned about the well being of the State and answered each question directly and without hesitation. The Governor recognizes the importance of the income derived from second home owners and sent that message loud and clear to the folks who have second homes here". "Clearly, any event on a Saturday during ski season that is attended by over 80 Board members who vacation here, is worth hosting" said Heinel.

The program was emceed by Andy Avery a local well known entertainer and the invocation was given by Reverend Wayne Bell of Manchester. Heads of some local ski areas, Sky Foulkes, President and General Manager of Stratton, Dan Dohner, Killington's Director of Lodging Operations and Dick Deutsch, Principal of Peak Resorts, owner of Mount Snow, echoed each other by saying the early snow bode well for their resorts. "Thanks to some natural snow and our excellent snowmaking and grooming we had a great Thanksgiving weekend. The rain today, while disappointing, hasn't dampened spirits and it looks like some great crowds are here for the holiday week. I believe we are positioned to do well over this holiday period", said Foulkes.

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