Burke's New Owners and New Start (2025)

[urungus]

Newpylong said:
Northeast Expansion is on hold for now.

Bummer

 

[Tin Woodsman]

Have to question the ROI in a major expansion like that at a Massachusetts ski area.

How much more market share will the development grab from the larger and snowier neighbors not far north?

You could apply that logic to a lot of expansions. DV isn't a good comp b/c we all know that's more about real estate. But Sundance, Ski Cooper, Monarch and a host of others are planning or recently completed expansions despite larger, snowier neighbors nearby. I'd imagine there has to be some marketing value of being the biggest ski area in MA by far. If they can deliver reliable skiing that's 30-60 minutes closer, not to mention much cheaper, than their competition in Southern/Central VT, that seems promising to me.

 

[kbroderick]

If they can deliver reliable skiing that's 30-60 minutes closer, not to mention much cheaper, than their competition in Southern/Central VT, that seems promising to me.

IMO, a big question would be whether or not shifting climate cuts into their viable snowmaking hours too far (and whether or not they can expand simultaneous capacity enough that they can hit both new terrain and existing terrain during the windows they get).

Some of the western resorts mentioned have both a significant elevation advantage and are part of a region with growing skier visit numbers (and population), so there are a bunch of variables in play.

 

[thetrailboss]

The final result for the defrauded investors:

Receiver plans to dole out $183,322 to each Burke Mountain EB-5 investor from sale and settlement - VTDigger

The distribution of the more than $20 million to the 121 foreign investors who put at least $500,000 in the resort means each one gets back roughly 36% of their investment.

vtdigger.org

 

[jimmywilson69]

whop whop

some investments are good some are bad. These people where buying green cards, so I'd say they won regardless of the financial side of things.

 

[crystalmountainskier]

whop whop

some investments are good some are bad. These people where buying green cards, so I'd say they won regardless of the financial side of things.

I believe some never got green cards because the required jobs were never created.

 

[jimmywilson69]

oh, right. I forgot about that requirement.

Sucks to be them...

 

[thetrailboss]

I believe some never got green cards because the required jobs were never created.

Well, at the risk of getting political, these folks can now pay Trump for that card.

 

[Edd]

Well, at the risk of getting political, these folks can now pay Trump for that card.

Was going to make the same comment, it’s all for sale now. Go nuts.

 

[AdironRider]

I mean, that is exactly what basically every other country does. Try and move to Switzerland to ski. Makes buying a USA visa look downright cheap, even under the current admins new proposal.

 

[BodeMiller1]

Well, at the risk of getting political, these folks can now pay Trump for that card.

Hmmm

Not true, in order to build a ski area, you need two things:


1) Land

2) Money

From what I know Trump never owned a ski area. Why is this? Because he was more (or tried to be Meow) of making money.