MadMadWorld
Active member
I smell embezzlement!
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I smell embezzlement!
I think you would be correct as well.
I think you would be correct as well.
While I have never been a huge fan of Jim, I don't believe (hope) this is strictly the case. I suspect funds may have been spent outside the corners of the agreement, but on the mountain. I don't think this is a situation of the funds being privately pocketed. While not proper, the former is more understandable than the latter.
Misappropriation of funds.....embezzlement.....both are criminal.
IMHO, making sure the lifts run and trying to use any leftover $ for snowmaking improvements should be where the $ should go at least in the short term.
What is the actual issue with Red to start each year?
In reading Tom Barker's combined with Sullivans note it seems the real issue was not controlling the way funds were spent. The issue of cost containment seems to be at the core of what is going on. Its a real chicken/egg thing with Magic...w/o spending some funds will/can the mountain expand its customer base enough to be sustainable?
But if spending those funds puts the mtn out of business it is a moot point.
Absolutely a tough question to answer for any business but especially one that is seasonal and competing with more established competitors with deep pockets nearby.
Barker did say focus will be on cost containment...from an operating perspective I do wonder how this will manifest itself? The continued reclaiming of snowmaking pipe over the past few yrs I thought was super beneficial for them. Does this snowmaking improvement now cease and they focus on running as lean an operation as possible?
IMHO, making sure the lifts run and trying to use any leftover $ for snowmaking improvements should be where the $ should go at least in the short term.
Anything else (lodge improvements, tubing, new lift for beginner area, etc) should be secondary as w/o the 1st 2 there is no mtn.
Fireworks were great!We need some of the Magic regulars to do some digging and get back to us.
Fireworks were great!