Haystack / Hermitage news

[drjeff]

Time will tell *IF* this is the actually beginning of what will allow the club to move on out of the Barnes era and into whatever it may (or may not) become in the coming years

[mister moose]

More than 200 creditors are owed, according to the bankruptcy form. The 20 largest include Haymaker Investments LLC, which is owed $1.5 million for investment memberships; ... Rob Girschek of Boston, who is owed $700,000 for investment memberships, the Tanaglia brothers of Wildwood, N.J., who are owed $600,000 for investment memberships,... Bob Rubin of West Dover, former Hermitage interim president and vice president of construction who is owed $500,000 for a membership investment and bridge loan; Douglas Hollenbeck of Westerly, R.I., who is owed $500,000 for a investment membership; ... Dan McLeod of Stamford, Conn., who is owed $350,000 for an investment membership; Carmen Martocchio of Vernon, Conn., who is owed $300,000 for an investment membership; ... Joseph Willen of Northport, N.Y., who is owed $250,000 for an investment membership; Steven Albert of Armonk, N.Y., who is owed $200,000 for an investment membership; Rob Aubin of Londonderrry, who is owed $200,000 for an investment membership; Kevin Siebrecht of Brookfield, Conn., who is owed $200,000 for an investment membership; Dana Nielsen of Weston, Mass., who is owed $200,000 for an investment membership; Bill Russell of Fairfield, Conn., who is owed $200,000 for an investment membership; ... Rogger and Isabelle Alvarado of Weston, Conn., who are owed $159,600 for an investment membership; and Sean Winters of St. James, N.Y., who is owed $150,000 for an investment membership.

That's a lot of investment memberships, with lots of different amounts.

[MG Skier]

Oh boy, I guess it will be interesting to see how this all actually unfolds.

[WWF-VT]

"In an affidavit, Barnes said the Hermitage is "confident that given its state-of-the-art facilities and favorable geographical proximity to millions of potential members, the company can use the Chapter 11 cases to successfully gain access to the additional capital and liquidity necessary to reopen and continue to upgrade the resort and its facilities, reassure and expand its membership base, restructure its balance sheet and negotiate the terms of a plan of reorganization."


Sounds like a load of BS from a guy that was ducking the Sheriff to avoid being served court documents.

https://www.reformer.com/stories/she...barnes,571105?

[FBGM]

Did the crack heads start stripping copper out of this place yet? Or are the drugs free with season passes to Mt snow this year? That will help the H problem in the area.

[BenedictGomez]

Sounds like a load of BS from a guy that was ducking the Sheriff to avoid being served court documents.

It is.

No way somebody (else) is dumb enough to capitalize that place, not without major collateral.

I'm surprised they found a sucker the first time.

[mister moose]

I'm surprised they found a sucker the first time.

But they found far more than one -

The 15 Investment memberships are owed a total of 6.01 million.

[icecoast1]

Just another desperate ploy by Barnes to avoid losing the place to the bank. Too bad they couldn't proceed with the auction sooner.

[thetrailboss]

https://www.reformer.com/stories/her...-traded,575226

What a bunch of crap. He's lost all credibility and thinks he will go public?!

[FBGM]

They should just burn it down. Collect the insurance money. If it works for the neighbors why not them.