[ski_resort_observer]

Originally Posted by billski

Or perhaps Stowe is a veiled playground for AIG executives? The whole lift ticket, parking lot, advertising, real estate thing is just ground cover for a hugely expensive perquisite for AIG brass? Keep the prices high, keep the riffraff out, give the executives staff jackets and cut privileges, set aside a few of those multi million$ "cottages" Hey, if you're paying out $50M in exec salaries, what's another 100M for benefits?

I heard that AIG has a block of units set aside, not for sale. Wonder if Hank can stay there? Despite being the disgraced former CEO and Dictator he is still the largest stockholder. Probably worth more than the whole resort.

I assume the 35 developable acres does not include the new golf course. As soon as you drive thru the new entrance on the new road and all the land worked on both sides as you drive in plus the SML et al developement which is basically the entire base area of Spruce, plus the already built homes/townhomes on the hill above and the golf course seems way more than 35 acres to me.

I have no clue what the resort is worth but I think in a couple of years it will be worth alot more than it is today. I think Stowe had the #1 brand 20/30 years ago but it has become diluted with competition from Stratton, Okemo, the Bush and several others. While many of the other resorts were building slopeside developements and increased snowmaking, Stowe's proposals were shot down. They want to regain there prominence in the New England market. They want what their competition has... unfortunately Spruce was the only option vs Mansfield but it's better than nothing. The hotel opens next month it should be pretty impressive.