I hear you, but sit back and look at the numbers. 108 million. Thats a higher number than probably any ski resort in the Northeast is worth currently. Thats more than most Western resorts.
I get that biking is becoming more popular, but even with 150k skier visits and a rocking bike season, there is no way Burke is worth that alone. Im thinkg Jay and Burke combined would maybe be worth it if it all panned out.
$108 mill is a lot. But that also includes lots of infrastructure, etc. I imagine that they are putting other things in that amount too such as consulting, legal fees, etc. But yes, it is a lot. FWIW Ginn was going to invest something like that into Burke as well.
And Jay is going to be getting $178 million I believe.