Homewood, one of the few remaining privately owned ski resorts near Lake Tahoe, has announced that it will not open this season. The resort said its financial backer, which had subsidized operations at a deficit for years, has withdrawn support for the 2024-25 season due to issues related to renovation plans.
For many years, Homewood Mountain Resort (HMR) has been subsidizing the community’s ski experience while operating at a deficit during the approved Master Plan’s planning and permitting phases. Unlike other small ski resorts in the Lake Tahoe Basin such as Diamond Peak, Homewood is a privately owned business and is not supported by any public tax or other community assessment.For the last several years we have relied on our financial partner for the annual subsidy.
Without a clear path forward, our financial partner has withdrawn their support for this ski season. As a result, we are now in the regrettable position of being unable to operate or sell season passes for the 2024-25 season.We understand the deep disappointment this announcement will cause. It goes without saying that this decision was not made lightly.