Saddleback - Page 3

AlpineZone

Page 3 of 92 FirstFirst 123451353 ... LastLast
Results 21 to 30 of 919

Thread: Saddleback

  1. #21
    Quote Originally Posted by DoublePlanker View Post
    So this place can't make it and can't find funding. But plans for a massive resort at the Balsams can find tons of $$$.
    Plans for Balsams could be what is making banks nervous about loaning SB cash. If the Balsams succeeds there might not be enough skiers to keep SB, SR and SL going. I hope they can keep it going at SB. Hate to see any ski area close.
    Feel for any who have invested in a condo up there.

    make snow not war
    Waterville Valley, bought to be sold

  2. #22
    Quote Originally Posted by thetrailboss View Post
    It's obvious that there is some kind of posturing going on here. I imagine that the bank(s)/investors who financed much of the earlier work have balked at giving them $3 million more. So the resort is now saying, "give us the money or lose everything", in order to force the situation. It's not really fair to the loyal skiers and riders.
    Yes, announcing this now is odd. They are trying to make something happen. Good theory...
    make snow not war
    Waterville Valley, bought to be sold

  3. #23
    steamboat1's Avatar
    Join Date
    Aug 2011
    Location
    Brooklyn,NY/Pittsford,VT.
    Posts
    6,613
    Quote Originally Posted by freeski View Post
    Feel for any who have invested in a condo up there.
    Guess you've never seen the multi-million dollar homes around Rangely Lake. Don't think they invested in the skiing.

  4. #24
    thetrailboss's Avatar
    Join Date
    Jun 2004
    Location
    NEK by Birth; Alta/Snowbird by Choice
    Posts
    26,291
    Items for Sale
    Quote Originally Posted by steamboat1 View Post
    Guess you've never seen the multi-million dollar homes around Rangely Lake. Don't think they invested in the skiing.
    More like fishing and snowmobiling.


    Sent from my iPhone using AlpineZone
    Live, Ski, or Die!


  5. #25
    I always like it when resorts expand rather than replace (hate it when ski resorts brag about "summer maintenance" and new carpets or whatever)... but a life from 1963 should've been on the chopping block 15 years ago.
    2017-2018 1 Day and counting...
    Mount Snow: 11/12
    "Skiing is the closest you'll get to flying without leaving the ground." -snowmonster

  6. #26
    Quote Originally Posted by steamboat1 View Post
    Guess you've never seen the multi-million dollar homes around Rangely Lake. Don't think they invested in the skiing.
    There are condos on the mountain. Check out the SB website. They followed the money making ski model. Build a nice ski area and sell condos around it. You think the people who bought the condos/townhouses at the ski area believe they're sitting pretty?
    Want to buy a condo at Ascutney. I bet there are some available.
    make snow not war
    Waterville Valley, bought to be sold

  7. #27
    steamboat1's Avatar
    Join Date
    Aug 2011
    Location
    Brooklyn,NY/Pittsford,VT.
    Posts
    6,613
    Quote Originally Posted by freeski View Post
    There are condos on the mountain. Check out the SB website. They followed the money making ski model. Build a nice ski area and sell condos around it. You think the people who bought the condos/townhouses at the ski area believe they're sitting pretty?
    Want to buy a condo at Ascutney. I bet there are some available.
    The lake is 10 minutes down the road. Ascutney on the other hand has cow pastures.

  8. #28
    Definitely won't be the worst thing that could happen to the condo owners, but if you buy a condo at the base of a ski mountain and said mountain closes it instantly will destroy the condo's value and cut back on what you can do there from December to April. Plus the Rangely town isn't exactly a booming place in the winter months, its all up at the mountain. Saddleback has a giant access road too, not exactly prime lakefront property.

    Still an awesome area though.

  9. #29
    Part-time Rangeley resident and Saddleback enthusiast here, but I've been nervous about them for years. The build-out never got very far, then they tried to go EB-5 which seems to have been a dead-end, then they put it up for sale in 2012 (still is), and now this, which seems like the most desperate step of all to find some capital. It will break my heart if they close - such a great mountain with so much potential.

  10. #30
    bigbog's Avatar
    Join Date
    Feb 2004
    Location
    Bangor and the state's woodlands
    Posts
    4,786
    Items for Sale
    Quote Originally Posted by steamboat1 View Post
    If they say the lift is at the end of it's useful life, which they did, how do they expect to sell it? Perhaps they should have replaced the lift before spending for a new base lodge & two other new lifts that weren't absolutely necessary. Hindsight is always 20/20. I'd really hate to see the place close. Having skied there several times myself it really is a great mountain. It's just to far away from anything.
    +1
    SteveD

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
All times are GMT -5. The time now is 7:42 PM.