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Sale rumors...


paul45

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3 hours ago, mbike-ski said:

ha yea ski the northeast or some other jerry fb group was petty entertaining over the weekend...

lots of "reliable sources" lol

was there some internet chatter about it?  i just actually assumed it was just going around here, and was only for someones entertainment.  

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  • 4 weeks later...

It's under contract. Still in discovery phase, has been since early July. Straight from multiple employees. They've all been told the new owner is hands off for the first year, so no changes to how it operates this season. (As evidence from the new prices being completely unphased by multi mountain competition..chugging away at the usual 3% increase or bust). Could also still fall apart in discovery before it closes, but as of a few days ago was still progressing through the legal hurdles. The staff is all under NDA and can't say anything more.

Rumor is announcement in the fall sometime (that one not from an employee, so calling that one rumor for now).

 

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On 9/1/2024 at 12:51 PM, paul45 said:

...The staff is all under NDA and can't say anything more.

 

The staff might very well be under NDA. But there are hundreds of locals who can and will pick up on even a hint of a whiff of a clue of this. And word travels fast in that part of the world.

So while it cannot be ruled completely out, if something like this has been in the works for eight weeks from early July to now (early Sept) someone will have picked up on it. 

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37 minutes ago, Old Geezer said:

The staff might very well be under NDA. But there are hundreds of locals who can and will pick up on even a hint of a whiff of a clue of this. And word travels fast in that part of the world.

So while it cannot be ruled completely out, if something like this has been in the works for eight weeks from early July to now (early Sept) someone will have picked up on it. 

I asked someone who grew up there about it as a joke (this person has zero vested interest in elk or skiing). Imagine my surprise when they were like oh yeah it's a done deal. 

Word def gets around. 

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  • 3 weeks later...
On 9/6/2024 at 8:07 PM, JFskiDan said:

Im no longer interested in this thread. Since it will be business as usual for the first year, it wont be on the Ikon pass this year. 

Feels more like an Indy mountain than Ikon. Would increase Ikon's average lift age by about 20% and decrease their average skiable acreage by the same! 

Seriously though, unless they decide to double down on the "feeder mountain" business model like Vail, that feels unlikely unless Alterra themselves bought them (on good intel they did not). They were hesitant enough to add camelback/blue under that business model and Alterra's parent company owns those guys. Another feeder in the same market feels like a long shot. Deal closes end of the month though, so should know soon. 

My personal pipe dream is PGRI... Not a mega conglomerate, business model has some desire to compete on affordability and free days at Jay wouldn't be a bad perk. But rumor is a rando non-industry real estate investor... If that rumor's true I'll just keep my hopes for whoever buys it from them out of bankruptcy in a few years 🤣

 

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