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Saddleback

oldtimer

Member
Joined
Sep 14, 2011
Messages
254
Points
16
I take a long term view. If ANYONE comes in and has the capital to replace the lower lift and otherwise improves the skiing product that improves the long term prospects. Don't like this week's buyer? standby and enjoy the product they put out while they put it out. Then be ready to rinse and repeat after a number of years. Under-capitalized sucks.

In VT we lovingly call this the Burke model. Maybe the next owner will be the one that figures out how to stay in the black.
 
Joined
Dec 17, 2005
Messages
464
Points
16
Location
Southern Maine
That part of Maine needs a east- west 4 lane highway to open that area up and cut down travel time. The only way I see it working as a for profit situation.
 

Jully

Active member
Joined
Dec 13, 2014
Messages
2,487
Points
38
Location
Boston, MA
That part of Maine needs a east- west 4 lane highway to open that area up and cut down travel time. The only way I see it working as a for profit situation.

How much travel time would that cut down? It is mostly just in the middle of nowhere. You can go a good clip up 26, 4, and 27 from 95. I think SB can be profitable given the right approach.
 

Jully

Active member
Joined
Dec 13, 2014
Messages
2,487
Points
38
Location
Boston, MA
I'm referring to the Berry's and the State of Maine from 2015.

That is fair. I was mostly being facicious anyways.

I take a long term view. If ANYONE comes in and has the capital to replace the lower lift and otherwise improves the skiing product that improves the long term prospects. Don't like this week's buyer? standby and enjoy the product they put out while they put it out. Then be ready to rinse and repeat after a number of years. Under-capitalized sucks.

In VT we lovingly call this the Burke model. Maybe the next owner will be the one that figures out how to stay in the black.

Ouch. Harsh.

Honestly though, part of what screwed the Berry's was the $40 million they put into the place. Someone acquiring the area with $8 million of debt instead of $40 million may just be able to turn a profit.
 

deadheadskier

Moderator
Staff member
Moderator
Joined
Mar 6, 2005
Messages
27,921
Points
113
Location
Southeast NH
That part of Maine needs a east- west 4 lane highway to open that area up and cut down travel time. The only way I see it working as a for profit situation.
This has been proposed as a way to better connect Maine ports with PQ, but it would be too far north of SB & SL to benefit the area.

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Sent from my XT1565 using AlpineZone mobile app
 

VTKilarney

Well-known member
Joined
Feb 5, 2014
Messages
5,552
Points
63
Location
VT NEK
Just heard a rumor that Dopplemeyer was there checking the lifts for these investors and an announcement is possible next week.

Boy, I really hope so. The longer this drags out the more nervous I become.
 

bdfreetuna

New member
Joined
Jan 12, 2012
Messages
4,300
Points
0
Location
keep the faith
Just got the latest SMF newsletter. After reading this I'm kind of rooting for the foreign investor with "big plans". The Saddleback Mountain Foundation seems really unfocused in terms of operating a ski resort first and foremost.
 

dlague

Active member
Joined
Nov 7, 2012
Messages
8,792
Points
36
Location
CS, Colorado
Will be interesting to see what happens next with the Rangley Double after the sale is complete!
 
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