Tin Woodsman
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Doh! My bad.David Metsky said:
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Burton to Purchase Mad River?
- Thread starter Greg
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JennyRousseau
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Thanks, Dave.David Metsky said:
Yep -- I'm pretty sure that the Board of MRG has voted them in the past. With regards to actually paying them out, I'm not sure that it has been done. I think that it sits in some form of a reserve fund -- presumably one that could be accessed for the single (or other unforseen capital expense). I know that the powderjihad posting referenced a potential assessment on shareholders for the "financing hole" on the single lift.David Metsky said:
As I understand it, there are a lot of variables in actually paying for the single. Losing $200K (at a minimum) this year can't have helped.
As it was explained to me, your patronage rebate share is calculated using your contributions (Annual Purchase Requirement, Pass Spending, Mad Money Purchase and other "trackables") as the numerator and all shareholder "trackables" as the denominator. That ratio is applied against the total declared Patronage Rebate and is, acording to the by-laws, supposed to be done annually with notification to the shareholder as to the amount "on account". I have no idea how that is actually done.
I recall a past board meeting where it was discussed as how to limit shareholder family member spending as it could potentially increase a shareholder's ratio. The discussion, and its negative tone, convinced me that it wasn't the right place for me to invest.
I'm a weekday skier anyways -- the attitude of the weekend people at MRG drive me crazy and I'd rather be in the backcountry.
Patronage Rebates at MRG Co-op
Yes, the Mad River Glen does offer Patronage Rebates to its shareholders in good seasons. The decision is made annually by the board of trustees (Mother Nature made the decision for them this season!) The way it works is that the shareholder would recieve the percentage of the net profits on THEIR actual spending. That is why we track shareholder spending with Mad Money. If my memory serves me correctly we have offered patronage rebates 3 times since the Co-op started. The shareholders receive a letter outlining their spending and their rebate. It also explains how if they don't take the rebate the money will go back "into the till". If they want to collect the money all they have to do is send in a letter requesting it. Over the years we have received only a handful of such request. The bottom line is that the rebates are relatively small $ amounts and the vast majority of shareholders just want the $ plowed back into the Co-op. Another great example of why our Co-op shareholders are so awesome. They are involved to protect and preserve the unique experience not to get deals. What a concept in this day and age!
Eric
Yes, the Mad River Glen does offer Patronage Rebates to its shareholders in good seasons. The decision is made annually by the board of trustees (Mother Nature made the decision for them this season!) The way it works is that the shareholder would recieve the percentage of the net profits on THEIR actual spending. That is why we track shareholder spending with Mad Money. If my memory serves me correctly we have offered patronage rebates 3 times since the Co-op started. The shareholders receive a letter outlining their spending and their rebate. It also explains how if they don't take the rebate the money will go back "into the till". If they want to collect the money all they have to do is send in a letter requesting it. Over the years we have received only a handful of such request. The bottom line is that the rebates are relatively small $ amounts and the vast majority of shareholders just want the $ plowed back into the Co-op. Another great example of why our Co-op shareholders are so awesome. They are involved to protect and preserve the unique experience not to get deals. What a concept in this day and age!
Eric
Mr MRG said:
The unique experience is the deal...a true win-win.
JennyRousseau said:
Nice...wish I could swing that kind of work schedule and ski more weekdays than weekends.
My last trip to MRG was for a week...the weekend days were alot more crowded than the weekdays to be sure, but it was still alot calmer than other resorts on weekends. The weekdays were relatively empty except for the 2 powder days we had midweek and even then I was alone when skiing for the most part. Seems to me that's almost standard for any resort though.
I guess it's different when you're a regular there. Being from NY, the vibe at MRG is so calm I'd have trouble getting worked up about anything.
JennyRousseau
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Yes, I am very lucky. My job (and hours) are extremely flexible.JimG. said:
I find that I dress completely differently when I'm headed over the AppGap during the week. I drop at least a layer of insulation due to the fact that I keep moving.
On the rare times that I am there on the weekend, there is so much waiting around that I tend to get cold.
With regard to your other question, Jim, I find that most MRG Weekenders feel that they know the mountain well (and many do), but they have only experienced it with their weekend crowd -- and rarely during the week or pre- and post-lift turning. So they only have 2/7th of the experience. When they are around during a week, it's usually a ski week so that doesn't count.
I'm not big on the Aprés Ski social stuff anyway.
JennyRousseau said:
Assuming you mean holiday ski week when you say "ski week", I totally agree. In fact, I don't like to ski at resorts during holiday periods and will avoid it unless I just won't be able to ski any other way (cause I'm not going to MISS a day of skiing you know).
It's difficult for us to adhere to this...we're a family of 5 and with 3 boys in school, it's tough to find times for family ski vacations outside of holiday periods. But we make it work even if we have to pull the boys out of school for a few days to do it. We just don't want to ski with everyone else who is going skiing for their 3-5 days of the season and pay inflated resort prices for a less than ideal experience. We often do the week before or week after holiday thing.
As for a social life, I spend alot of time with my pillow and blanket after chasing 3 young boys around all day.
David Metsky
New member
Not to speak for Jenny, but she never said anything about it being wrong, just that she wasn't big on it. I feel the same way about snowboarding. :-DMad Skier said:
Sorry about that.
Except for having a beer in the bar, I don't think there's much Apres-Ski at MRG. Well, the Telefest party is a lot of fun, but other than that...
-dave-
Sir, you should be arrested....
....for pulling your boys out of school.
Even a day or two of missing being spoon-fed the "dumbed down for the lowest common denominator, standardized testing distilled, closed-minded, hyper-focused teaching of the average American school" to go skiing....and they might actually begin to think creatively for themselves. That could lead to resistance to being pressed into the cookie cutter, and eventually result in anarchy and madness, destabilizing the American Way. Would you want that? What the heck kind of parent, and indeed human being, are you, anyways ?!#$!
And if you keep them in school, I won't be fighting the little runny-nosed buggers for first tracks, either ! Sheesh....
JimG. said:
....for pulling your boys out of school.
Even a day or two of missing being spoon-fed the "dumbed down for the lowest common denominator, standardized testing distilled, closed-minded, hyper-focused teaching of the average American school" to go skiing....and they might actually begin to think creatively for themselves. That could lead to resistance to being pressed into the cookie cutter, and eventually result in anarchy and madness, destabilizing the American Way. Would you want that? What the heck kind of parent, and indeed human being, are you, anyways ?!#$!
And if you keep them in school, I won't be fighting the little runny-nosed buggers for first tracks, either ! Sheesh....
smootharc said:
Since their absences for these ski trips are referred to as "illegal absences" on their report cards, you're right, I should be arrested. That's because I'm an idiot and told the truth when asked where they were, instead of lying and covering it up like some folks do. So bring on those handcuffs.
It's OK, because the best ski day my 2 oldest sons David and Peter ever had was during that trip to MRG...2 feet of fresh as their first real powder day. Their first day skiing glades. They still talk about it.
SkiDog
New member
JimG. said:
i'd call that "life schooling" and some might call it "home schooling"...either way..tell those snot nosed school administrators to jump off a bridge...they hardly know anything anyway...you know whats best for your kid...they CERTIANLY do not...
no offense to teaching or school adminsitrators that may frequent this board....i know you'd never do something like this...you'd be out sliding too anyway ;-)
M
My last trip to the bush over Pres day weekend was very busy and my daughters skiing class had a ton of kids in it and she really did not get much out of the class. After that trip I decided on our next trip I would pull her out of school, that was a great call she was the only person in her class...an 8 hr private lesson for $100 can't beat that and she really improved alot in 1 day.
ALLSKIING said:
It really is the way to go for maximum enjoyment.
bigbog
Active member
Good for you smootharc!...really needed to be said... :flag: ..so JimG...this means you neglected to obey the administration's doctrine of USB2_port insertion & TCP/IP configuration with CNN.COM at birth..:blink: Talk about a slacker parent...man o' man....smootharc said:
bigbog said:
Just call me Neo.
bigbog said:
:-? Let's keep this on MRG and not on politics...
:wink:
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