rummy Posted June 20, 2020 Report Posted June 20, 2020 Heard from a reliable source that Elk was sold to Kalahari Water Resorts...... We'll See 1 1 Quote
RidgeRacer Posted June 20, 2020 Report Posted June 20, 2020 Kalahari purchasing it has me thinking that there's a plan to turn Elk into a Camelback like circus. Unless they plan on a "swim and ski" type packages to maybe that pull some of Camelbacks business? Only problem is Elk is about 50 minutes away. Like Dan said....interesting. We'll see I guess. 1 Quote
JFskiDan Posted June 20, 2020 Report Posted June 20, 2020 1 hour ago, RidgeRacer said: Kalahari purchasing it has me thinking that there's a plan to turn Elk into a Camelback like circus. Unless they plan on a "swim and ski" type packages to maybe that pull some of Camelbacks business? Only problem is Elk is about 50 minutes away. Like Dan said....interesting. We'll see I guess. This is exactly what was going through my mind. Not sure how much land there is, other than the ski area and parking lot. it would be a real shame to build a circus right on the ski area like camelsack did. But, at the same time, is building the circus in that area worth it? will there be a big enough draw? The ski and swim thing.....man thats a pretty long drive, but i guess some might see it as an option, but then why not just go to Camelsack? Other than the obvious, Kalahari is a machine, and Camelsack is a toy. Why not Montage? its a little closer, and one would assume that place could be had for the right offering. And for that matter, why not Camelsack? Maybe they have no interest in basically competing with themselves? Anyways, its ashame to see these smaller family type resorts being bought up by the big dogs, but at some point, with enough cash waved in your face, it might not be worth the BS that goes along with running a ski joint in this area. 1 Quote
RidgeRacer Posted June 20, 2020 Report Posted June 20, 2020 I think the family that owns elk may have been trying to off load it for some time. Regarding ski and stay, they'd have to provide transportation in order to make that work IMO. Perhaps a shuttle or a ski bus (or busses) that run every few hours or so. But, to your point, it's a fairly long drive. Quote
Benm Posted June 20, 2020 Report Posted June 20, 2020 (edited) 'camelback' is owned now by a real estate investment company. that company's is EPT Ski Properties and they are the owner of camelback's location at 193 Resort Dr according to the GIS. they look like a subsidiary of EPT properties, which is owned by EPR properties. looks like they dabble in all kinds of stuff and i'm not going down that rabbit hole, but they have vail press releases on their investor site for some reason, i don't know if they are part owners. maybe something like ski+casino? they do that stuff too. susquehanna's gis looks like it was updated in May, so it's still showing elk mt as the owner of that property. i don't think it'll have anything to do with the camelback brand. doc is here if anyone cares re: image below -- http://investors.eprkc.com/Investor-Presentation/Index?KeyGenPage=1073753490 i wonder if it'll be part of hte peak or epic or whatever passes those are. i don't follow that enough to know. EPR ski resorts include: Northstar California Alyeska Resort Mad River Mountain Alpine Valley Ski Area Boston Mills/Brandywine Ski Resort Wisp Ski Resort Wintergreen Resort Jack Frost Ski Resort Camelback Mountain Resort Hunter Mountain Mount Snow Jack Frost Ski Resort / Big Boulder Edited June 20, 2020 by Benm 1 Quote
Benm Posted June 20, 2020 Report Posted June 20, 2020 10 minutes ago, Benm said: 'camelback' is owned now by a real estate investment company. yeah i'm a fuckin moron, i thought we were talking about camelback, not kalahari, can someone delete that earlier post. Quote
GrilledSteezeSandwich Posted June 20, 2020 Report Posted June 20, 2020 Maybe that means they add a high speed lift and allow tree skiing. Quote
GrilledSteezeSandwich Posted June 20, 2020 Report Posted June 20, 2020 22 minutes ago, Benm said: yeah i'm a fuckin moron, i thought we were talking about camelback, not kalahari, can someone delete that earlier post. Bahahaha Quote
Shadows Posted June 20, 2020 Report Posted June 20, 2020 1 hour ago, Benm said: yeah i'm a fuckin moron, i thought we were talking about camelback, not kalahari, can someone delete that earlier post. That was a great post though 2 Quote
RidgeRacer Posted June 20, 2020 Report Posted June 20, 2020 Maybe that means they add a high speed lift and allow tree skiing. That would be nice. Quote
Benm Posted June 20, 2020 Report Posted June 20, 2020 1 hour ago, GrilledSteezeSandwich said: Bahahaha what's funny? from what i have heard a certain someone is the reason i couldn't edit it. 2 Quote
Ride Delaware ? Posted June 20, 2020 Report Posted June 20, 2020 This sounds like a huge stretch to me. Elk is far removed from easy road access and has no amenities. They would need to build a wastewater and water facility, and there’s also not an easily accessible outfall location. They would need to upgrade the roads among many other things. Unless the family is buying it as a trophy, I just don’t see how this becomes a profitable venture on the scale they are used to. Quote
RidgeRacer Posted June 20, 2020 Report Posted June 20, 2020 This sounds like a huge stretch to me. Elk is far removed from easy road access and has no amenities. They would need to build a wastewater and water facility, and there’s also not an easily accessible outfall location. They would need to upgrade the roads among many other things. Unless the family is buying it as a trophy, I just don’t see how this becomes a profitable venture on the scale they are used to.I was waiting for the RideDE commentary. It did not disappoint. 1 Quote
Old Geezer Posted June 20, 2020 Report Posted June 20, 2020 (edited) It does sound far fetched. Selling now for owners of a ski resort would be selling at the bottom of the market. For buyers, buying at the bottom sounds good at first thought but there's a huge unknown for the next one, two or three seasons as to how may skiers per day will be allowed. On the other hand, there is some untapped potential in the surrounding 'base area' (if you can even call it that) and maybe some investment entity sees potential. Adjacent to Elk's property on the north is a fairly large condominium complex which is in the unique situation of having all the property values driven way, way, way down. Did I mention a huge decrease in value? On top of the decrease in values I heard they were going to have a very large assessment per unit for something. Elk has been mostly successful in the courts over the years to make life hard for owners in that complex, and therefore has driven down property values. By a lot. That seemed to the the intended outcome all along. Local's believe it to be a case of orneriness and vindictiveness, mosty on Elk's part but also on the condo owners part. I heard some of the die hards on the condo/HOA board sold their properties in the recent past and the eagerness to engage in a fight has subsided on the condo assoc's part. And I also heard talk, this was two seasons ago and was third hand, of one of the farm fields adjacent to Elk's parking lot being sold for development. In a rural community like Susquehanna County where everyone knows everybody else's business a sale of Elk would be impossible to keep under wraps for a long time. Edited June 20, 2020 by Old Geezer 2 Quote
rummy Posted June 20, 2020 Author Report Posted June 20, 2020 5 hours ago, Shadows said: LCITW value going up? Hard to say, there are some other conflicting circumstances involved... Quote
Shadows Posted June 20, 2020 Report Posted June 20, 2020 12 minutes ago, rummy said: Hard to say, there are some other conflicting circumstances involved... Maybe you can make enough money from selling it to retire. 1 Quote
rummy Posted June 20, 2020 Author Report Posted June 20, 2020 25 minutes ago, Shadows said: Maybe you can make enough money from selling it to retire. I am retired... Three + years and you have a hard time wiping the smile off my face 🙂 7 Quote
rummy Posted June 20, 2020 Author Report Posted June 20, 2020 OP here. Even though I heard the info from a reliable source and fellow local property owner, nothing "official" has been announced. Until that time, let's consider this a rumor... OK? Ride Delaware and Old Geezer brought up many points I whole heartedly agree with. The Kalahari purchase was talked about last season. Also discussed was the purchase of the mountain South of Elk and the land in between, effectively increasing Elks' footprint three to four times its present size. The present owners own a huge amount of land surrounding the mountain, so I think acreage for development wouldn't be a problem with the right amount of BIG $$$. State, county and township infrastructure investment would be problematic. If the sale is true, I think Elks' owners decided they don't need all the uncertainties and headaches of the next several years... As I said... "We'll See" . Quote
trackbiker Posted June 20, 2020 Report Posted June 20, 2020 I find it kind of hard to believe that Kalahari bought it. It doesn't make any sense based on their current businesses. I would think another ski area operator would make more sense. But then I've been wrong plenty of times in the past. 1 Quote
Old Geezer Posted June 20, 2020 Report Posted June 20, 2020 (edited) 4 hours ago, rummy said: OP here. Even though I heard the info from a reliable source and fellow local property owner, nothing "official" has been announced. Until that time, let's consider this a rumor... OK? Ride Delaware and Old Geezer brought up many points I whole heartedly agree with. The Kalahari purchase was talked about last season. Also discussed was the purchase of the mountain South of Elk and the land in between, effectively increasing Elks' footprint three to four times its present size. The present owners own a huge amount of land surrounding the mountain, so I think acreage for development wouldn't be a problem with the right amount of BIG $$$. State, county and township infrastructure investment would be problematic. If the sale is true, I think Elks' owners decided they don't need all the uncertainties and headaches of the next several years... As I said... "We'll See" . A detail on the bolded point, at one time, 10+ years ago, I knew Elk did not own some of land on which the eastern most trails sit, the natural snow trail is one (I forget the name). They leased that land, and I suspect still do today. There was some minor back and forth with the owning entity about leasing for gas drilling and Elk could have lost out on the deal (for the land woner gas leasing could have generated more income that leasing to Elk). That never came about and the gas well went in on two hilltops south of Elk's summit. A disclaimer, all this could have changed over the years, my memory is hazy and this was during the time when Marcellus gas drilling was at a peak. Edited June 20, 2020 by Old Geezer 1 Quote
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