Stowe Reporter: Stowe Mountain Resort Sale Details Now Secret

[thetrailboss]

According to this article management has said that it won't comment any further about any sale or any prospective parties. The newspaper lists two parties--Hank Greenberg ("I had the money, but now I don't") and Intrawest (thought they were on the verge of bankruptcy?!).

Staff are being told not to worry about their jobs. Townsfolk don't seem too concerned...

 

[RootDKJ]

HA! http://forums.alpinezone.com/55489-what-price-stowe-mountain-resort.html#post424254

Who do we all think potential buyers would be?

POWRD/SP? They could piss off both the top and bottom half of VT
Smuggs? Location, location, location
Intrawest? Adds a 3rd Northeast area to their properties?
Sundown? I couldn't resist....:lol:

 

[billski]

"“I wouldn’t think (a sale) would have any effect unless they decided not to operate a ski resort,” said Ed Stahl, executive director of the Stowe Area Association, Stowe’s marketing entity."

NEWSFLASH
Stowe, May 21, 2009
GOLD IS DISCOVERED AT SPRUCE PEAK
Initial core samples conducted as part of a sales offer have revealed a 2-mile vein of gold has been discovered under Spruce Peak Mountain according to an undisclosed informant to this paper. With that information, Bushy Brothers Mining Corporation submitted the winning bid of $4B, which was accepted by AIG yesterday. George H. W. Bush of Texas, president of Bushy Brothers indicated that he has tendered $4B in cash this morning to AIG, and papers have passed. "We have already begun to mobilize equipment to the region. The Spruce Peak shack and the summit-to-base cables will be demolished immediately."

Current Bushy Brothers project at the former Blue Mountain, Pennsylvania.

Rendering of the new Spruce Peak Mining Corporation.

Mr. Bush, formerly President of other U.S. Based-concerns successfully completed projects in Iraq and Afghanistan, according to his biography.

Losing bidders included the Nigerian Insurance Fund, Trump Oil Ventures and Alpine Zone M&A ventures.

Already opportunists have arrived, bringing with them new problems for Stowe's finest to deal with.

Opium Den on Mountain Road

 

[frozencorn]

They're pretty paranoid about the whole thing from AIG's perspective.

 

[thetrailboss]

"“I wouldn’t think (a sale) would have any effect unless they decided not to operate a ski resort,” said Ed Stahl, executive director of the Stowe Area Association, Stowe’s marketing entity."

NEWSFLASH
Stowe, May 21, 2009
GOLD IS DISCOVERED AT SPRUCE PEAK
Initial core samples conducted as part of a sales offer have revealed a 2-mile vein of gold has been discovered under Spruce Peak Mountain according to an undisclosed informant to this paper. With that information, Bushy Brothers Mining Corporation submitted the winning bid of $4B, which was accepted by AIG yesterday. George H. W. Bush of Texas, president of Bushy Brothers indicated that he has tendered $4B in cash this morning to AIG, and papers have passed. "We have already begun to mobilize equipment to the region. The Spruce Peak shack and the summit-to-base cables will be demolished immediately."

Current Bushy Brothers project at the former Blue Mountain, Pennsylvania.

Rendering of the new Spruce Peak Mining Corporation.

Mr. Bush, formerly President of other U.S. Based-concerns successfully completed projects in Iraq and Afghanistan, according to his biography.

Losing bidders included the Nigerian Insurance Fund, Trump Oil Ventures and Alpine Zone M&A ventures.

Already opportunists have arrived, bringing with them new problems for Stowe's finest to deal with.

Opium Den on Mountain Road

:blink: WTF? :blink:

 

[ski_resort_observer]

Intrawest (thought they were on the verge of bankruptcy?!)

http://forums.alpinezone.com/39476-intrawest-secures-financing-11th-hour.html
Fast forward a few months finds Fortress in abit of financial dificulty so I would be surprised if they were interested in Stowe but........

 

[thetrailboss]

http://forums.alpinezone.com/39476-intrawest-secures-financing-11th-hour.html
Fast forward a few months finds Fortress in abit of financial dificulty so I would be surprised if they were interested in Stowe but........

Still I think it would be rather difficult for them to pull off any deal when they are having their own problems right now.

 

[deadheadskier]

Maybe BOFA will buy it :lol:

 

[thetrailboss]

Maybe BOFA will buy it :lol:

Then things will definitely go down the sh^&ter!

 

[deadheadskier]

Then things will definitely go down the sh^&ter!

My business credit card is BOFA. It would be sweet if they bought it and I could use my rewards points for Stowe Tickets!! :lol:

 

[bigbog]

Opium Den...

Love that Opium Den photo billski!.....ROTFLMAO..

:lol::lol::lol:

 

[billski]

Bump. The news blackout is killing me. Anyone know who the broker is?

 

[GrilledSteezeSandwich]

Bump. The news blackout is killing me. Anyone know who the broker is?

Trailboss reality

 

[billski]

Trailboss reality

Doesn't seem active. Never responded to my $10.00 bid...

 

[ski_resort_observer]

Possible Stowe Resort buyer on trial for plundering. Sleazy Hank is finally getting bit by the "what goes around comes around" dog.
http://www.timesargus.com/article/20090616/NEWS01/906160304/1002/NEWS01

 

[thetrailboss]

Yes, Trailboss Realty is handling this gem. And no, we cannot accept the $10 bid.

And please, our manager wants an offer that we can't refuse.....

 

[thetrailboss]

Possible Stowe Resort buyer on trial for plundering. Sleazy Hank is finally getting bit by the "what goes around comes around" dog.
http://www.timesargus.com/article/20090616/NEWS01/906160304/1002/NEWS01

See, whether it's selling the resort or handling Hank's defense, Trailboss can't lose on this deal! :lol:

 

[billski]

$99.99 or three easy payments of $66.66.

Greed runs deep on Wall Street. I have zero sympathy for any of the players.

Oh and yes. I don't see Greenies "cottage" on the map. I'm sure GSS would be willing to give Hank a price break on a modest sized mausoleum.

 

[GrilledSteezeSandwich]

$99.99 or three easy payments of $66.66.
. I'm sure GSS would be willing to give Hank a price break on a modest sized mausoleum.

No way..he's a multi-zillionaire..so he's not deserving of a discount..

 

[thetrailboss]

$99.99 buys you a burger and fries at the new Spruce Mountain Lodge! Surely we can do better than that!