What the heck is going on at Magic?

slatham · May 19, 2016

While Dr Jeff has a great (if depressing) point, what I bet is more time consuming is the due diligence - done by 3rd party experts - necessary to understand the physical state of the lifts, snow making, lodge etc - in particular the Black lift. As we all know, it never ran this past winter and the purchase price would be greatly impacted by whether or not this lift has past inspection.

Magicsnowboard · May 19, 2016

I imagine it takes a long time to make Magic great again. Convincing Stratton to pay for our snowmaking isn't a one day job. But all jokes aside I for one am 100% confident they are working hard and will get this done. I did not buy the Bromley pass in a sign of confidence.

I do deals for a living. Typically a transaction will take anywhere from six months to a year if you measure from a true start to a closing. Yes lawyers and consultants can suck the life out of a deal. But if the buyer and seller have come to a commercial agreement they should be able to get over that. I wouldn't be surprised if a few things move slow over the summer, but that isn't abnormal. If a few summer delays are the price we pay for stable ownership, I am all for it.

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deadheadskier · May 19, 2016

My question would be, how much will these delays limit needed investment for next season?

What's going on up on the hill? Mountain financed projects? Dedicated Magic faithful volunteering?

Or is it a ghost town while everyone waits for a deal to get done?

Newpylong · May 20, 2016

I think Magic could have a significantly better experience next year without major capital expenditures/projects this off season. The right people running the show and enough capital to make snow will go a long way. Certifying the Black will help until if/when there is a replacement. Of course there is always summer maintenance so hopefully the deal gets done in time to complete that.

Obviously the place could use a serious refresh but what I have gathered for the most part the snowmaking is repaired so with enough capital it certainly could be used more effectively that it has been.

My .02.

gmcunni · May 20, 2016

are they planning to open TimberQuest this summer?

ironhippy · May 20, 2016

my local hill was sold last year.

A group of eager buyers (with their own financing) was assembled in March/April, the sellers were motivated.
The deal finally closed at the end of September.

This was without any major issues, it just took a long time.

JamaicaMan · May 20, 2016

deadheadskier said:
Or is it a ghost town while everyone waits for a deal to get done?

Ghost Town right now. But Magicsnowboard is on the right track.

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slatham · May 21, 2016

I'm taking that as positive news :daffy:

RustyGroomer · May 24, 2016

slatham said:
I'm taking that as positive news

Take it for what it's worth. Guys were walking around with clipboards over the weekend. Real clipboards.

Smellytele · May 24, 2016

RustyGroomer said:
Take it for what it's worth. Guys were walking around with clipboards over the weekend. Real clipboards.

But did they have pencils and/or pens?

skifasttakechances · May 24, 2016

Pocket protectors and protractors too?

RustyGroomer · May 24, 2016

even ladders. you wouldn't believe it.

I say this often, don't shoot the messenger. There was some sort of inspection Saturday. Better than silence.

JoeB-Z · May 24, 2016

Real live due diligence. Sounds like it is under contract and they are working on the contingencies.

Sorcerer · May 31, 2016

Antiques and the Arts Online

Antiques At Magic Mountain To Move To Stratton Mountain

JamaicaMan · Jun 11, 2016

Still not under a signed contract yet but we did conduct our own inspection of buildings as noted by RG. Hopeful to get purchase agreement done very shortly as there is much work to be done and we will be basically starting from scratch after the area shutdown in March. However, Ski Magic LLC will be hosting with the Town of Londonderry their annual Independence Day fireworks on July 2nd at Magic (live music and "refreshments" will be served up), even though the property will not have officially changed hands by then, with the cooperation of current title holders Magic Mountain Management LLC. Hope to see any one who is up there at the event!

slatham · Jun 12, 2016

Good to hear the the tradition of the fireworks wasn't derailed by the transaction being midstream. Good luck getting the deal completed and the work started! Looking forward to planning a trip for a volunteer day!

MMP · Jun 13, 2016

How are the flags and do the new owners have plans to maintain them or replace them or light them or follow flag protocol?

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JamaicaMan · Jun 13, 2016

MMP said:
How are the flags and do the new owners have plans to maintain them or replace them or light them or follow flag protocol?

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The US Flag is of utmost importance to our success. It will be treated with respect and care. Not sure the same can be said for the Swiss flag, although there may be considerable EB-5 money hiding there...

yeggous · Jun 15, 2016

JamaicaMan said:
The US Flag is of utmost importance to our success. It will be treated with respect and care. Not sure the same can be said for the Swiss flag, although there may be considerable EB-5 money hiding there...

Excellent to hear! Finally an ownership that understands the importance of such details. Perhaps a monument to Billski is in order.

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RustyGroomer · Jun 16, 2016

MMP said:
How are the flags and do the new owners have plans to maintain them or replace them or light them or follow flag protocol?

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Assuming you were celebrating flag day Tuesday, i'll reply now. I will be up there this weekend studying wind speed, direction, fabric, soil, vertical rise, etc. I'll do my best to take some pics for reference & maybe even some charts.

I really feel like in a few years these flags will be the best in the state.

What the heck is going on at Magic?

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