Balsams Grand Resort teams up with ski industry legend Les Otten

[gmcunni]

wow, that is remote...

 

[River19]

I wouldn't call N. Conway crowded (at least the slopes) in comparison to the resorts in the 93 corridor.

Everywhere, but the slopes then......all the people I try and get away from are there....lol Looks like MetroWest north....

 

[thebigo]

And the modern version of "pulls a rabbit out his hat" is more like "hosts a bunch of decent $$ fundraisers for members of the legislative committee and/or speaker of the house... :smash:

This is NH, not NY or CT, the speaker is one of 400 reps, elected by their 3000 or fewer constituents, getting paid $100 per year for their services.

 

[St. Bear]

This is NH, not NY or CT, the speaker is one of 400 reps, elected by their 3000 or fewer constituents, getting paid $100 per year for their services.

$200 a year.
Plus free tolls!

 

[VTKilarney]

Yikes, those prices are expensive!!!!!

 

[WWF-VT]

must be pissing off the K crowd.

The proposed expansion will probably take about 20 years and the resort will have likely gone through several owners and/or gone bankrupt a few times during the process

 

[skiMEbike]

Already running into issues....
http://www.seacoastonline.com/article/20150304/NEWS/150309602/101020/NEWS

 

[Smellytele]

If he was thinking the state was just going to say yes on his findings and not study it themselves I think he is heading for a whole lot of trouble and should take his whiskey home.

 

[River19]

If the whole thing is predicated on the state funding, then I think it is a very sketchy plan. If it was a compelling and realistic story, private money would find them.

 

[EPB]

If the whole thing is predicated on the state funding, then I think it is a very sketchy plan. If it was a compelling and realistic story, private money would find them.

The message to me is pretty clear. Equity investors won't do the deal without some leverage and private lenders won't make the plunge without a viable business or marketable assets to sell if the plan goes belly up. Right now lenders have neither.

 

[octopus]

balsam expansion?

http://ski.curbed.com/archives/2015/03/balsams-ski-area-new-englands-largest.php

 

[steamboat1]

There is already a discussion going on about it in this thread.

http://forums.alpinezone.com/showth...t-teams-up-with-ski-industry-legend-Les-Otten

 

[octopus]

ok . you have more mountains than me, but less time on this forum?

 

[canobie#1]

^What?

 

[wa-loaf]

ok . you have more mountains than me, but less time on this forum?

Based on posts, not time.

 

[machski]

Ha......I can build an entire log cabin for less than that including land.......man is the ski 93 crowd that gullible?

Plus when I think of ski condos, honestly, I think the Conway area is about the lowest risk.....yes it is crowded, but with Cranmore, Wildcat, Attitash/Bear, Bretton etc. all within an easy ride plus plenty of eating and boozing opportunities, investing in a condo there can make sense. If the Balsams have "meh" conditions.......you are in for a ride for an alternative, right?

Sunday River is likely the closest to the Balsams and about an hours drive.

 

[AmmergauerTele]

I think most people from New England are looking at this upside-down. Most likely the target is Montreal, google map shows trip time of 2:35. Not sure how long it takes to cross the border but got this off the web for the population of greater Montreal….

3,824,221
Greater Montreal is the maist populous metropolitan aurie in Quebec. As o 2009, Statistics Canada identifees Montreal's Census Metropolitan Aurie (CMA). The CMA is 4,258.31 square kilometres (1,644.14 sq mi) lairge an haes a population of 3,824,221 as o 2011.

 

[VTKilarney]

The question is whether or not the Montreal market is enough. Looking at Jay Peak, I would say that it's a vital segment, but that you need more. The exchange rate doesn't help, either.

 

[steamboat1]

Plenty of Canadiens skiing in central VT. this past week, it was vacation week in Canada. Lot's of French being spoken on the lifts. The few I spoke with said they drove south to avoid the crowds. One couple did mention that is was more expensive because of the current exchange rate. Believe they said it's $1.27 now.

 

[thetrailboss]

So are they funding this with EB-5 money? LBO's friends? Private capital?


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