Black Mountain, NH OPEN AGAIN more alive than ever

[urungus]

How do they justify $5000 co-op buy-in price which is more than twice Mad River Glens cost of $2000 ?

 

[Edd]

How do they justify $5000 co-op buy-in price which is more than twice Mad River Glens cost of $2000 ?

I wonder how the household net worth of the MWV vs MRV shakes out? Population numbers? Also, I presume far more snow would be made at Black vs MRG?

 

[Newpylong]

How do they justify $5000 co-op buy-in price which is more than twice Mad River Glens cost of $2000 ?

Higher cost of operation, longer ski season, etc.

 

[eatskisleep]

It’s not the price per share but the number of shares sold that counts, market Cap.

Yes I agree a weirder email. Not my fave from
Him.

 

[urungus]

It’s not the price per share but the number of shares sold that counts, market Cap.

From the perspective of the mountain and for a stock traded on the open market like Vail I agree with you. But from purchasers perspective with a coop, I would venture 90% of purchasers are going to buy a single share whether it is $2000 or $5000 and they don’t care much about what % of the ski area their one share represents. Asking more than twice MRG (the gold standard of ski coops with a long track history of successful operation) is going to deter a lot of potential buyers IMO.

 

[eatskisleep]

Yes good point. Are there any other co-ops besides MRG?

From the perspective of the mountain and for a stock traded on the open market like Vail I agree with you. But from purchasers perspective with a coop, I would venture 90% of purchasers are going to buy a single share whether it is $2000 or $5000 and they don’t care much about what % of the ski area their one share represents. Asking more than twice MRG (the gold standard of ski coops with a long track history of successful operation) is going to deter a lot of potential buyers IMO.

 

[letitsnow1]

I never knew drinking champagne at a ski mountain was a thing, it would probably be my last choice. Champagne is for weddings and new years. And that was definitely a weird email

 

[bigbob]

How many years has it been since MRG sold shares? How much inflation since then?

 

[cdskier]

How many years has it been since MRG sold shares? How much inflation since then?

They just hit their by-law capacity of 2500 shares this past October. They were still selling them for $2K at that point (and you can join the waitlist now for that same price if you want to buy one).

 

[Smellytele]

They just hit their by-law capacity of 2500 shares this past October. They were still selling them for $2K at that point (and you can join the waitlist now for that same price if you want to buy one).

With that share do you need to also spend a certain amount at the mtn?

 

[cdskier]

With that share do you need to also spend a certain amount at the mtn?

Yes, $200. And that can be applied to season passes, tickets, food, lessons, etc. So if you ski there, it really is nothing you weren't already spending.

 

[eatskisleep]

Do you get perks for being a shareholder?

 

[cdskier]

Do you get perks for being a shareholder?

Shareholder benefits include the following:

• Discounted (~15%) season passes and day tickets.
• Access to season passes after they have sold out.
• Access to 2 day tickets each day that the mountain is open, at the Shareholder rate, even when the mountain is sold out for the day.
• 10% Discount in the General Store.
• Voting Privileges at Annual Shareholders Meetings.

(You guys do know that MRG has a website, right? )

 

[ColdRain&Snow]

I never knew drinking champagne at a ski mountain was a thing, it would probably be my last choice. Champagne is for weddings and new years. And that was definitely a weird email

I’m shocked Stratton isn’t all over this. I just saw Matt Jones speak at our hoa annual meeting, champagne never came up

And they only served us beer and wine

 

[machski]

I never knew drinking champagne at a ski mountain was a thing, it would probably be my last choice. Champagne is for weddings and new years. And that was definitely a weird email

You should try the Cloud 9 cabin at Aspen Highlands then. It's not just the elevation at that restaurant that's sky high, the Champagne is as well. And a ton of it flows up there.

 

[cdskier]

Champagne should absolutely be drunk more than just at weddings and New Years... Especially since the stuff served at weddings is usually complete crap...

 

[LoafSkier19]

New Hike-to glades open for the first time Saturday

 

[Smellytele]

New Hike-to glades open for the first time Saturday

I will be there and will let ya know how they are

 

[2Planker]

I will be there and will let ya know how they are

Lately it sucks.
Stay away.
Nothing good here in Jackson....

 

[eatskisleep]

Letter From the GM – Best Run of My Life​

• 
  
  Erik Mogensen
• 21 hours ago
• 3 min read

In the fall of 2024, I rode the Summit Double for the first time. The chairlift was legendary, and the terrain beneath it begged to be skied. At the top, I decided that I would, in fact, buy Black Mountain, in no small part because of the classic and steep New England trails I had just passed over. I was ready ski the heck out of that route.



Like many things on this journey, reality was different. The top lift line section is extremely rugged and requires a great deal of snow. The middle sections get hammered with direct sunlight all day. The bottom section is a cliff, and the barbed wire fence proves it. All of it lacks snowmaking. Parts and pieces have opened for a few runs at a time in the Mountain's history, but never has this iconic terrain under our iconic lift been skiable all at once.



If you have been to the Mountain this season, you have seen the remarkable amount of snow we have made, as we aim for very ambitious late-season operations. More importantly I believe, is where we have made it. Thanks to a small dedicated team and thousands of feet of manual hose, routes that have never seen snowmaking now have our full attention. That snowmaking sits atop aggressive summer trail reclamation projects. The winch cat is pushing piles and laying down corduroy in absurd places. This mountain is ready to take full advantage of any snowfall.



With the incredible amount and quality of natural snow we have received, this is going to be a weekend to remember. Friday Night Lights has a magical single-track route through the woods. Tickets, lessons, and rentals are selling out quickly. Most of our employees will park off-site, so that you can park on-site. The live music lineup just keeps getting better. Warming temperatures and sunny skies mean it is time to celebrate the sport and culture of skiing at the Alpine Cabin. The DJ is back and yesterday, we unloaded pallets of Champagne.



On top of it all, Black Mountain is enjoying some of the best conditions in the country, and in our history. 100 percent of our lift-served terrain is open, and the dream of skiing from the true summit of our property comes true this weekend. On Saturday at 11 am, we will cut the red ribbon on our extreme hike-to trails. "Back Out", "Black Out", and "Champagne Problems" open for the first time. This little mountain skis big, and it is about to ski so much bigger.



I have enjoyed changing the reality of what skiing and riding look like at Black Mountain, and the hundreds of rides on the double lift have only cemented my first impressions and motivations to do so. After breaking the winch cable, and with just hours to spare, all the operational details came together Sunday night, and the mega storm started dumping less than an hour later. On Monday morning, Jackson, New Hampshire, felt more like Jackson, Wyoming.



I finally skied the heck out of that route from top to bottom. For many reasons, it was the best run of my life. So far.

Thanks for being here.



Thanks for being here.



Erik Mogensen

President and General Manager

Black Mountain Community Corporation