10
Winter 2014 Newsletter of the FCIAAO
Challenges in the Valuation of Unique and Leisure
Properties
IAAO recently held a conference in Ft. Lauderdale with two days of in-
teresting material including presentations on hotel valuation, time-
shares, golf courses, casinos and much more. The conference was
hosted jointly by the IAAO and IPTI, the International Property Tax In-
stitute. IPTI is a independent organization that provides professional advice in all aspects of
property tax. With many members in Europe and Canada, IPTI partnered with IAAO to pre-
sent this conference to a broad range of attendees from across the globe.
In attendance at the two day
meeting were many Florida Chap-
ter members, including Nick Nik-
kinen, current FCIAAO President,
and past-President Sheila Crapo.
Also there were the Honorable Ed
Crapo, Alachua County, Hon.
Greg Brown, Santa Rosa County,
Hon. Katrina Scarborough, Osce-
ola County, Hon. Ken Wilkinson,
Lee County and Hon. Rick Singh,
Orange County. The conference
was welcomed to Broward County
by the Hon. Lori Parrish.
Former FCIAAO Treasurer and
board member Tim Wilmath gave
a great presentation called "Zen and the Art of Hotel Valuation". His presentation highlighted
the tricky hotel industry where being "OK" is really not enough for a hotel to be profitable.
Also presenting was Dena Wescott, CFE from the Orange County Property Appraiser's office.
Her presentation in collaboration with Joy Garas from Walt Disney World covered the valua-
tion of Amusement Parks. The Hon. Greg Brown and the Hon. Ken Wilkinson also collabo-
rated on a presentation entitled "Natural Disasters - Valuation Challenges".
The robust agenda and some excellent networking opportunities including a tour of the larg-
est cruise ship port in the world (Port Everglades) made the conference a real success. Oppor-
tunities to speak with attendees from as far away as South Africa brings a new perspective to
the valuation field. IAAO plans to continue offering these opportunities that bring value to
IAAO members and partners.
Article Contributor: Dorothy Jacks, AAS, CFE, Palm Beach County
Past FCIAAO President
Past IAAO Board Member
Co-chair IAAO International Special Committee
AN IAAO/IPTI JOINT CONFERENCE REPORT
Dorothy Jacks, AAS, CFE
