Big Burke announcement

[Masskier]

When Burke went bankrupt and shut down years ago. The condos were sold off for low dollars. My guess is that now that growth plans are in place they are cashing in.

That was in 2000. Burke has never shut down. Even one time many years ago when it was owned by a Bank it continue to operate.

Prices were certainly much less before 2003. But even today the values are much lower compare to other ski resorts.

 

[ablb]

When Burke went bankrupt and shut down years ago. The condos were sold off for low dollars. My guess is that now that growth plans are in place they are cashing in.

There were 8 units owned by the mountain that were auctioned. I recall it was Bearpath and Powder horn units.

 

[Whiteout]

I bet Q wants to saturate or ruin the market, then capitalize on it. When all these improvements are complete, people will want to visit Burke.

 

[Boardguy]

There were 8 units owned by the mountain that were auctioned. I recall it was Bearpath and Powder horn units.

I know one of the Powderhorn units that sold at auction went for several thousand more than the mountain was asking for it the previous season. Go figure.

 

[Masskier]

Roof being installed on the Hotel. more update photos on their Face Book page

 

[VTKilarney]

I was told today that two out of three groomers are broken and that Ary stated in an email that, "I'm not spending shit" in reference to having them fixed. I also heard that this has been the case for a couple of weeks. I also heard that the email wound up being CC:ed to Bombardier by Ary.

I can't vouch for the accuracy of what I was told, although the source has been 100% correct so far.

 

[witch hobble]

- Powderhorn 402 was put back on the market for less than it what it had been listed for when it was taken off of the market in October, 2014.
- Powderhorn 1103 was reduced yesterday.
- 26 Wintergreen #10 was reduced on 2/14/15

SO much stoke in this thread!

 

[thetrailboss]

I was told today that two out of three groomers are broken and that Ary stated in an email that, "I'm not spending shit" in reference to having them fixed. I also heard that this has been the case for a couple of weeks. I also heard that the email wound up being CC:ed to Bombardier by Ary.

I can't vouch for the accuracy of what I was told, although the source has been 100% correct so far.

Interesting. FWIW on my visit now three weeks ago I saw two machines working the Training Slope Saturday evening. IIRC they had three machines in their fleet for grooming.

 

[thetrailboss]

There has been talk about this (crazy) new idea that they are going to sell the Willoughby Quad. FWIW King Pine Quad, that apparently had a major malfunction today sending 7 people to the hospital after a rollback, is the same age as the Willoughby Quad. Different manufacturers, different maintenance programs of course, etc., but something to consider all the same.

 

[VTKilarney]

My source tells me that the second groomer went down in the past "week or two".

Again... Who knows. They could be mistaken as to the number, or as to more than that.

 

[VTKilarney]

They still seem to be grooming the same number of trails, FWIW. That's the important thing.

 

[VTKilarney]

Any truth to the rumor that the snow sports director was fired?


.

 

[MEtoVTSkier]

Afraid to ask what that job entails...

 

[thetrailboss]

Uh oh....

http://vtdigger.org/2015/03/22/vtdi...il&utm_term=0_dc3c5486db-dec3b0ff19-405558657


Sent from my iPhone using AlpineZone

 

[thetrailboss]

So I just read that article and am beyond pissed. Will type more thoughts later. Now back to the spin...


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[thetrailboss]

Uh oh....

http://vtdigger.org/2015/03/22/vtdi...il&utm_term=0_dc3c5486db-dec3b0ff19-405558657


Sent from my iPhone using AlpineZone

OK, here goes...buckle up. This will also be posted on the Jay thread too.

First comment is in response to those who said back in August that skeptics like me were wrong or merely being negative guess what? That whole "Vermont approval" thing was B.S. I'm sure that these folks will be quiet now.

Second thing is that I do sincerely hope that Stenger and Company are doing things on the up and up and that this is much ado about nothing. That said, they are paying the price for what is shear incompetence and self-serving behavior by those in Vermont State Government. This whole realization that "maybe we should actually regulate" is laughable after they have been looking the other way for so long while giving investors and the public the impression that these projects were in fact legit and by the book when they might not have been.

For those who have not read that article, let me get you up to speed. Last Summer some investors at Jay got pissed. Led by Mr. Sutton (who I must say looks like he just got out of a UFO) they were angered by a change in their investment/ownership interest at Jay (actual ownership that was secured by the project to unsecured creditors who were going to get an IOU from JPR) changed without them knowing it. We know about that. Well, at around the same time, ANC Bio began having some financial issues in Korea and apparently is in deep trouble.

After the PR firestorm that occurred in August, and an inappropriate "op ed" by the head of Vermont's Agency of Commerce that defended not just her department but the very people that they should have been monitoring, apparently they had an epiphany that maybe this whole financial regulation thing was just too tough for them and maybe there was a tiny conflict of interest in pushing these programs, allowing folks to put the imprimatur of Vermont State Government on them, but yet not really looking beneath the gloss to ensure that it was going to work and that everything was done appropriately. Right.

So now the other Jay projects, other Burke projects, and the rest of the whole initiative are now being reviewed by the State Department of Financial Regulations and folks who have a clue about accounting and securities and don't have any conflict of interest. Genius really. :roll:

I think that the State should have fired Moulton immediately. It's painfully obvious that she cares more about her own paycheck than doing what is right and being accountable. This whole thing has ruined not just the credibility of Vermont State Government, but really has impacted the legitimacy of what they do. It also has left a black eye on Vermont.

The biggest losers are the regular folks in the NEK who are struggling to get by and really could use the good jobs that these projects were supposed to have spurred.

I'm very upset with my home state and their complete stupidity here.

 

[ablb]

Wow. Disturbing but not surprising.

 

[VTKilarney]

At the passholder meeting they acted like the pool and other features were just about to be built.


.

 

[River19]

Wow. Disturbing but not surprising.

agree 100%.

 

[VTKilarney]

WMUR article on Q Burke:
http://www.wmur.com/escape-outside/new-respect-for-burke-mountain/31890340