Big Burke announcement

[thetrailboss]

Where you erred was that they are actually fully funded for the hotel, or Phase I as they called it. However, they aren't funded for future phases. Andrew told us this awhile ago.

I think there is an assumption that Phase I is completely sold out. It's clear that they have funds to start it...or so we are led to believe.

(1) What will the impact of the new hotel be to operations and the revenue/profitability of the mountain?
(2) What other projects/phases, if any, will get funded?
(3) What other private investment in the area will get funded, now that the bed base is increasing?
(4) Will this lead to a reuniting of KT and QB, or is this going to empower QB even more on the MB side and keep them separate?

I think the hotel will be a big help for those who are not daytrippers. It will also be a help for the four-season aspect.

Other phases I believe involve other real estate development with the base area in particular. This is based on what they initially said with the 2012 Press Conference (referring to multiple lodges).

Any ski infrastructure (lifts, snowmaking, trails) will probably be private funding. This is based on the requirements for EB-5 in job creation and what they've been doing at Jay.

From multiple sources I am hearing that Q is going it alone in the biking front. I don't think that is a good idea and a majority don't either. I think it was a completely unnecessary conflict.

As to end game and if the area is sold (or when it is sold): I would imagine that the EB-5 investors will own the hotel as some holding entity and Q will operate it. I imagine that it will be structured such that the Hotel will go with the mountain if it is sold unless there is some sort of involuntary dissolution (bankruptcy). Otherwise we'd have Bolton Valley all over again. For those not familiar in the late 1990's the DesLauriers went bankrupt. Apparently the wife owned the base buildings and it was not subject to the bankruptcy action. The new operator/owner took over the ski area only to learn that he had no base lodge or facilities and was seriously screwed (hence why Bolt'n failed).

 

[from_the_NEK]

Anybody have the link to the webcam? Yes I am bored.

http://skiburke.com/webcam

 

[Smellytele]

whoa 6 piles of stuff now

 

[deadheadskier]

Appears to be a truck in the distance. Could it contain a 7th pile of gravel?

guess we'll need to wait and find out

 

[from_the_NEK]

I only see a couple guys with skis on their backs getting ready to hike.

 

[from_the_NEK]

whoa 6 piles of stuff now

Don't blink, you might miss a pissed off woodchuck getting displaced from his hole.

 

[Highway Star]

Looks like a sideways exclamation point. Exciting stuff.

 

[thetrailboss]

Don't blink, you might miss a pissed off woodchuck getting displaced from his hole.

He's getting ready to file an appeal to the Act 250 permit.

 

[VTKilarney]

Where you erred was that they are actually fully funded for the hotel, or Phase I as they called it. However, they aren't funded for future phases. Andrew told us this awhile ago.

Andrew said just the opposite. Look at post #1184. So while the hotel is being started, there is not yet sufficient funds to finish it. I didn't think they would take that risk.

 

[SkiRaceParent]

Andrew said just the opposite. Look at post #1184. So while the hotel is being started, there is not yet sufficient funds to finish it. I didn't think they would take that risk.

I imagine the remaining funding required for the hotel, if there is any at this point, is a formality. They wouldn't start the project unless they knew that at least a bridge loan or something along those lines was available to complete it.

 

[SkiRaceParent]

A construction vehicle HAS ARRIVED!

 

[from_the_NEK]

A construction vehicle HAS ARRIVED!

More than that, there is digging going on toward the bottom of the field.

 

[VTKilarney]

I imagine the remaining funding required for the hotel, if there is any at this point, is a formality.

And Pomerleau imagined that the down payment was a formality. Four years later he was still waiting... I hope you are right, and I can't imagine they would start construction otherwise, but we'll just have to wait and see.

 

[Big Wave Dave]

VT Kilarney.... you win the AZ pessimism award

I can't read those construction blueprints someone posted earlier to save my life. I thought the hotel was supposed to have a pool, but don't see one- anyone care to enlighten me?

 

[Smellytele]

Here is a link to the 1-3 floor plan: http://www.anr.state.vt.us/imaging/...Plan A1.0-01 Orientation Plans Floors 103.pdf

The conference room is on floor #2 (left side of the diagram). The full room is about 73x53 feet and it looks like it can be partitioned.

This weekend I was able to cruise up to the Mid-Burke and observed that there are a bunch of "PCM" construction barriers that have been recently offloaded in the middle lot.

116 Rooms I think (not sure on actual bed count). I would think the actual capacity of the hotel would be closer to 250-300, assuming most rooms will have at least two people staying in them. That is a REALLY big jump over what is available in the area right now.

Looking at those blue prints there are only 40 units not 116.

 

[from_the_NEK]

Looking at those blue prints there are only 40 units not 116.

That is only the first three floors on that page. I was using that document to answer a question about conference room space.

The second part of my quote concerning rooms was kind of a speculation on how many people the capacity of the hotel would be based on number of actual rooms. There hadn't been any question as to the accuracy of the "116 rooms" so I didn't post a link to the floor plans for floors 4 to 6 (the 6th floor is actually just attic on the plan). So to keep you from panicking, here is the rest of the floor plan. 40 on the 4th floor, 36 on the 5th. Plus the 40 from the 3rd floor = 116

http://www.anr.state.vt.us/imaging/...Plan A1.0-02 Orientation Plans Floors 4-6.pdf

 

[from_the_NEK]

Actually, for those really interested, you can see the entire set of Act 250 documents here:

http://www.anr.state.vt.us/ANR/ANRWEB/Act250.aspx

In the project number section enter - 7C0206-13-5

 

[Smellytele]

That is only the first three floors on that page. I was using that document to answer a question about conference room space.

The second part of my quote concerning rooms was kind of a speculation on how many people the capacity of the hotel would be based on number of actual rooms. There hadn't been any question as to the accuracy of the "116 rooms" so I didn't post a link to the floor plans for floors 4 to 6 (the 6th floor is actually just attic on the plan). So to keep you from panicking, here is the rest of the floor plan. 40 on the 4th floor, 36 on the 5th. Plus the 40 from the 3rd floor = 116

http://www.anr.state.vt.us/imaging/...Plan A1.0-02 Orientation Plans Floors 4-6.pdf

lol

 

[Masskier]

I guess I'm still curious as to what the "connection is to Burke". Maybe their images don't show it, but it looks like the same building as the Tram Haus. That's a nice building, but I know that a lot of folks suggested that it be different.

And any progress regarding the KT issue?

There will be an announcement very soon

 

[thetrailboss]

I'm not sure if this will show up or not....



Compliments of a fellow Burke skier.