RustyGroomer
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- Apr 30, 2009
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That's cool but $400? Plus $125 shipping?? No thank you. Anyone plan on being up there Saturday? No idea what to expect but i'll be there anyway.
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Like I said. This whole thing was far from perfect. Our return hopefully comes with the ability to ski & keep Magic open for years to come.
But I still think it seems odd for folks to "donate" to a private company like this with no expectation of anything in return. I thought that folks bought "shares" with the intent of having some control over the area? Is that no longer the case?
But I still think it seems odd for folks to "donate" to a private company like this with no expectation of anything in return. I thought that folks bought "shares" with the intent of having some control over the area? Is that no longer the case?
'Unforeseen' legal costs sunk the shareholder model. Essentially, the shareholder model triggered provisions of securities laws and thereby certain legal requirements in each state where a member resided. Compliance costs would have been in the six figures allegedly. When you seek to raise around one million dollars, that is thought to swallow. Law school 101 that a lawyer should have foreseen.
As a result, the model changed to a 'club' with marginal benefits of being a member ats best. People were offered their money back, some took it others didn't. Generalizing, many of the people who stayed in were homeowners with a vested interest in the mountain succeeding and realized that their money was in essence a donation to JLS with no real protections.
Smaller scale, but we have a small music club in town, The Stone Church that often struggles financially. In our six years living here they are now on its third set of owners. But, its an amazing club to see live music in; been around since 1969 and has seen some amazing musicians play there. Phish used to play there back in the day. When you buy tickets to shows, there is an option to pay a little extra to support the club. I always kick in a few extra bucks every time I go to a show. The only "benefit" I receive is knowing I'm helping keep a place alive that has brought me and others so much joy. I assume the logic behind those who have donated to Magic is much the same.
If that makes me a "sucker" I don't really care.
That's cool but $400? Plus $125 shipping?? No thank you. Anyone plan on being up there Saturday? No idea what to expect but i'll be there anyway.
Definitely not a charitable organization regarding the Stone Church. If I had to guestimate the amount I've donated to them, it's probably in the neighborhood of $500 over the past 4 years since they've added that option to the online ticket purchasing platform. The current owner (also our town state Representative) has been able to keep the business going during that time. I'd hate to ever see a day where Newmarket didn't have it's Stone Church. It was closed for several months during one lapse of ownership and it really sucked. It's the artistic identity to our little town. Losing it, would be like Burlington, VT losing the Flynn theater.
I don't know what the initial "investors" to Magic were expecting in return regarding a say in the operation. Are some folks asking for a refund in light of their recent problems? I guess I haven't been following it closely.
If a sucker is believing & supporting in a place I call my home away from home for most of my life,....YES I'm proud to be one of the biggest suckers in this whole mess. Thanks for the jab though.Well a sucker is born every day now aren't they.
Well a sucker is born every day now aren't they.
It is a special place that I hope is still around when I have a family. This isn't about "suckers" donating money it is about keeping an amazing place alive. If I won Powerball tomorrow I would get involved and help out as much as possible.
You’d have every right to be. We were/are very upset. We also realized it does not help things one bit. I’ll be up there this weekend volunteering my time. That does.I think I would just be a little upset about being mislead or kept in the dark about how the money was being spent.
I know which days not go there.Well Magic should have a bunch of racers there on at least 5 Sundays this coming season. The schedule for the Southern VT Council (of which Magic is a part of) youth races was just released, and they're hosting on the following Sundays (January 18th, February 8th, February 15th, March 8th and March 22nd). There may be another race added in Early March as some of the state championship races location have yet to be determined. Add in the spectator/parents to the racer and coaches tickets and that should be somewhere between 800 to 1000 tickets sold for Magic this year
I know which days not go there.
You’d have every right to be. We were/are very upset. We also realized it does not help things one bit. I’ll be up there this weekend volunteering my time. That does.
Haha. I was thinking the same thing! I was at magic on a race day last year. They were all in the lodge at the same time having lunch, and then they all went outside at the same time to get back on the lift. I don't get it... Of course we finished just after and had to wait in line with them!
To be fair, the line was short the rest of the time.
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Hope to see you there! I've been ignoring d00shbag comments for years. This is no different.Believe me, there are plenty of us who appreciate that the Magic loyalists have done what they can to keep it afloat. I'd be happy to help on a volunteer day at some point if the stars line up...
Ignore the D.B. comments from others. No one cares.
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