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  1. #251
    Oh wow, I guess to some extent I kind of hoped for his wife and kids that wasn't the case. They always seemed like nice people and that's a tough thing to go through.

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  2. #252
    thetrailboss's Avatar
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    Interesting read: https://liftblog.com/2018/03/03/as-t...out-the-lifts/

    And I did not know that Doppelmayr filed a lien on the property for the unpaid lift.
    Live, Ski, or Die!


  3. #253
    It might be easier to list stuff Hermitage did actually pay for at this point.

    Lifts - no
    taxes - no
    local vendors - no
    utilities - no

  4. #254
    [QUOTE=thetrailboss;997154]Interesting read: https://liftblog.com/2018/03/03/as-t...out-the-lifts/

    Based on this, it would seem the likely course of action would be Chapter 11, followed a few years later with the members buying back the club for cents on the dollar?

  5. #255
    [QUOTE=njdiver85;997168]
    Quote Originally Posted by thetrailboss View Post
    Interesting read: https://liftblog.com/2018/03/03/as-t...out-the-lifts/

    Based on this, it would seem the likely course of action would be Chapter 11, followed a few years later with the members buying back the club for cents on the dollar?
    Maybe that was part of his business plan.

  6. #256
    thetrailboss's Avatar
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    [QUOTE=djd66;997180]
    Quote Originally Posted by njdiver85 View Post

    Maybe that was part of his business plan.
    Lately Vermont ski expansions have featured fraud as part of their business plans.
    Live, Ski, or Die!


  7. #257
    Quote Originally Posted by thetrailboss View Post
    Interesting read: https://liftblog.com/2018/03/03/as-t...out-the-lifts/

    And I did not know that Doppelmayr filed a lien on the property for the unpaid lift.
    There has been a correction to the article. Doppelmayr says there is no lien and the lift was entirely paid off.

  8. #258
    [QUOTE=njdiver85;997168]
    Quote Originally Posted by thetrailboss View Post
    Interesting read: https://liftblog.com/2018/03/03/as-t...out-the-lifts/

    Based on this, it would seem the likely course of action would be Chapter 11, followed a few years later with the members buying back the club for cents on the dollar?

    Ha! A high end member co-op! A rich man's MRG.

    "Pull your lexus right up tot he ticket counter Mrs. Got Rocks - you are working the snack bar today..."

  9. #259
    Quote Originally Posted by DoublePlanker View Post
    There has been a correction to the article. Doppelmayr says there is no lien and the lift was entirely paid off.
    If this is true - it is good for the bank - as they will have a hard asset to go after.

  10. #260
    [QUOTE=thetrailboss;997197]
    Quote Originally Posted by djd66 View Post

    Lately Vermont ski expansions have featured fraud as part of their business plans.
    Shows just how hard it is to do in this state the right way



    Sent from my LG-H820 using AlpineZone mobile app
    2014-2015
    11/3- Sunday River
    11/9- Bretton Woods
    12/13- Bretton Woods
    1/18- Wachusett
    1/25- Watatic
    1/29- Wachusett

    www.skibigsquaw.com

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