By Councilmember Julie Pace
Pacaso is a business enterprise that wants to sell timeshares and fractional ownership properties in Paradise Valley. Our town code prohibits timeshares, but that does not stop outside corporate interests from trying to profit off our special community.
Pacaso representatives came to Town officials last week and are taking the position that they are not a timeshare or fractional ownership even though their business model takes a home and breaks it into at least 8 owners and divides up usage. Pacaso basically said our lawyers will respond and they contend that our Town code against timeshares does not apply. See section 1026 of our Town Code.
Pacaso then started to troll realtors’ listings. This is a serious threat to our community.
I asked our Town manager to add this topic to a council agenda and she has agreed to do so at the next council meeting. We need to be proactive on this issue, not reactive.
Thanks to residents Jack and Kathy Clifford for speaking about a timeshare in their PV neighborhood at last night’s council meeting. They explained that the home in their neighborhood is already being used as a timeshare.
Thanks to council candidate Christine Labelle for alerting our community and contacting the Stop Pacaso Now group in Napa Valley to learn about the business model and the adverse impact on neighborhoods, as well as strategies to use to keep them out of neighborhoods.