Big Burke announcement

[VTKilarney]

Sounds like ski season can't start soon enough....

Definitely true. While I was very displeased, I was pretty accepting of the situation until I learned that they are not at all likely to even open by the 19th. Effectively losing an entire month of skiing due to snowmaking incompetency is a hard pill to swallow. A couple of weeks is a lot easier to deal with than a whole month.

 

[ScottySkis]

Definitely true. While I was very displeased, I was pretty accepting of the situation until I learned that they are not at all likely to even open by the 19th. Effectively losing an entire month of skiing due to snowmaking incompetency is a hard pill to swallow. A couple of weeks is a lot easier to deal with than a whole month.

Is jay close?

 

[VTKilarney]

Is jay close?

Twice as far as Cannon.


.

 

[SIKSKIER]

I can definately see wanting to still ski Burke when you live right there.Plus,For me,a big reason I've been at Cannon for so long is the hundreds of friends I have there.Makes sense to me.

 

[VTKilarney]

What are the crowds like at Cannon on a typical mid-winter weekend? That's the other hesitation I've had. I can't imagine that it's nearly as bad as Loon, but I've always suspected that it's more crowded than at Burke.

 

[Cannonball]

What are the crowds like at Cannon on a typical mid-winter weekend? That's the other hesitation I've had. I can't imagine that it's nearly as bad as Loon, but I've always suspected that it's more crowded than at Burke.

Less crowded than Burke. In a way...
There are definitely more people at Cannon, but there are also many more lift options and terrain pods. So while there are more people at Cannon there is less of a crowd skiing one lift.

 

[VTKilarney]

Less crowded than Burke. In a way...
There are definitely more people at Cannon, but there are also many more lift options and terrain pods. So while there are more people at Cannon there is less of a crowd skiing one lift.

Hmm... I was expecting the opposite answer. It's funny how Loon can be so packed but Cannon is so much better. They aren't that far apart, after all.

 

[Cannonball]

Hmm... I was expecting the opposite answer. It's funny how Loon can be so packed but Cannon is so much better. They aren't that far apart, after all.

I know a lot of Loon skiers. They say they fear Cannon. Loon also offers a lot more (condos, apres, parties, etc). Cannon really only offers terrain. And it's terrain that has an intimidating reputation (for better or worse).

Like Burke, Cannon is rarely crowded. When it is crowded it sucks, but probably because we're not used to it. Same for Burke.

 

[Cannonball]

Be aware though. If mismanagement and snow making failures are your primary gripe against Burke, Cannon is the LAST place I would choose as a solution. Those are new issues for Burke...they are entrenched culture at Cannon.

 

[wtcobb]

I know a lot of Loon skiers. They say they fear Cannon. Loon also offers a lot more (condos, apres, parties, etc). Cannon really only offers terrain. And it's terrain that has an intimidating reputation (for better or worse).

Like Burke, Cannon is rarely crowded. When it is crowded it sucks, but probably because we're not used to it. Same for Burke.

Yup. Lincoln vs. Franconia is a world apart for families. Unless they really like the DT.

 

[deadheadskier]

Be aware though. If mismanagement and snow making failures are your primary gripe against Burke, Cannon is the LAST place I would choose as a solution. Those are new issues for Burke...they are entrenched culture at Cannon.

Very true, but which mountain is open right now.

 

[Cannonball]

Very true, but which mountain is open right now.

Believe me, I'm stoked that Cannon only opened one week later than planned. And their 1.5 ways down are WAY better then none. We are all lucky to have anything to slide on when the natural ebbs and flows of New England weather trend more towards the ebb than the flow.

I'm just saying that VTK (or others) shouldn't move on down to Cannon and expect pillows of manmade and a management that gives a F about smart decision making. Cannon can be so bad on that front that I've often considered voting with my wallet and heading up to Burke instead. Just kind of confirming that we all have a love/hate with our home hill. But wadda ya gonna do!?!

 

[thetrailboss]

I can definately see wanting to still ski Burke when you live right there.Plus,For me,a big reason I've been at Cannon for so long is the hundreds of friends I have there.Makes sense to me.

+ 1


Sent from my iPhone using AlpineZone

 

[mbedle]

PBS article.

http://www.pbs.org/newshour/bb/is-this-job-creating-foreign-investment-project-too-good-to-be-true/

 

[VTKilarney]

This quote was concerning:
"No, they gave us all IOUs. And if you look at the company that the IOUs are drawn against, our research suggests that that company, Jay Peak Management, Inc., has no assets, no income and no way of servicing the IOUs for any of the investors."


.

 

[oldtimer]

In the immortal words of Captain Renault--

"I am shocked—shocked............."

This quote was concerning:
"No, they gave us all IOUs. And if you look at the company that the IOUs are drawn against, our research suggests that that company, Jay Peak Management, Inc., has no assets, no income and no way of servicing the IOUs for any of the investors."


.

 

[thetrailboss]

This quote was concerning:
"No, they gave us all IOUs. And if you look at the company that the IOUs are drawn against, our research suggests that that company, Jay Peak Management, Inc., has no assets, no income and no way of servicing the IOUs for any of the investors."


.

Yeah, but you own a piece of Jay's AWESOMENESS!

 

[River19]

Did I hear that right or is there a real question where $60M has been spent for the ANC Bio piece? $60M? On what?

Also, if the ANC thing falls through......and no jobs are created from the failed project, can Stenger and Q just throw their hands up and say "it's unfortunate but there is risk in any investment and sadly we will not be able to provide a return for our investors in this project"....and walk away with the $50K in Mgt fees per investor as well as profit on some of those lovely "land deals" that Q received?

"In lieu of repayment, can we interest you in a dormant fan gun as a momento of our time together?"

 

[from_the_NEK]

Did I hear that right or is there a real question where $60M has been spent for the ANC Bio piece? $60M? On what?

Also, if the ANC thing falls through......and no jobs are created from the failed project, can Stenger and Q just throw their hands up and say "it's unfortunate but there is risk in any investment and sadly we will not be able to provide a return for our investors in this project"....and walk away with the $50K in Mgt fees per investor as well as profit on some of those lovely "land deals" that Q received?

"In lieu of repayment, can we interest you in a dormant fan gun as a momento of our time together?"

I think a large chuck of the $60 million went to purchasing the land from Ary Quiros.
Edited:
Quiros bought the property for $3 million and then sold the property for $6 million.
I'm not sure if the $3 million markup included the work that took place removing a large part of the old building. My guess is that it didn't.

 

[River19]

I think a large chuck of the $60 million went to purchasing the land from Ary Quiros.
Edited:
Quiros bought the property for $3 million and then sold the property for $6 million.
I'm not sure if the $3 million markup included the work that took place removing a large part of the old building. My guess is that it didn't.

I'm not as familiar with the ANC/failed Window site......is it another steaming hole in the ground or did they actually build a building?