drjeff
Well-known member
For supporters of the Storm Skiing Podcast, Stuart just dropped an interview with Steve Wright! Should be available to the general public typically in 2 ot 3 days
-
Welcome to AlpineZone, the largest online community of skiers and snowboarders in the Northeast!
You may have to REGISTER before you can post. Registering is FREE, gets rid of the majority of advertisements, and lets you participate in giveaways and other AlpineZone events!
Jay Peak bombshell
- Thread starter VTKilarney
- Start date
When did those names change?
Seems like it….almost an alter ego.
Update: the deal is approved by the Court.
www.wcax.com
Federal Judge signs off on Jay Peak Resort sale
The sale of Jay Peak Resort to a Utah-based company is officially approved. A federal judge signs off on the deal.
Slightly more detailed article (although still no mention of who the other 2 bidders were)...also mentions that Burke might even be sold soon...Update: the deal is approved by the Court.
Federal Judge signs off on Jay Peak Resort sale
The sale of Jay Peak Resort to a Utah-based company is officially approved. A federal judge signs off on the deal.
As judge OKs $76 million sale of Jay Peak Resort, receiver says Burke Mountain Resort could soon be sold - VTDigger
Michael Goldberg, the court-appointed receiver overseeing Jay Peak, provided a glimpse Friday into last week’s closed-door, daylong auction for the ski area, including that it encompassed 48 separate bidding rounds.
vtdigger.org
As judge OKs $76 million sale of Jay Peak Resort, receiver says Burke Mountain Resort could soon be sold - VTDigger
Michael Goldberg, the court-appointed receiver overseeing Jay Peak, provided a glimpse Friday into last week’s closed-door, daylong auction for the ski area, including that it encompassed 48 separate bidding rounds.
vtdigger.org
Yes. You beat me to it.Slightly more detailed article (although still no mention of who the other 2 bidders were)...also mentions that Burke might even be sold soon...
As judge OKs $76 million sale of Jay Peak Resort, receiver says Burke Mountain Resort could soon be sold - VTDigger
Michael Goldberg, the court-appointed receiver overseeing Jay Peak, provided a glimpse Friday into last week’s closed-door, daylong auction for the ski area, including that it encompassed 48 separate bidding rounds.
BenedictGomez
Well-known member
I bid $1; The Price Is Right style.
BenedictGomez
Well-known member
From ~$350 Million in government-program funding to worth $75M after fees. Yup, sounds bout' right! 
kbroderick
Active member
That seems more like a ski industry issue than a government funding issue, although the two overlap in this case. I can think of other cases where someone invested a bunch of cash and greatly improved the physical plant only to get pennies on the dollar in resale value.From ~$350 Million in government-program funding to worth $75M after fees. Yup, sounds bout' right!
The VTD article is reporting that the investors will get about 40 cents on the dollar back. Better than nothing but still a bath. No word on the green cards.From ~$350 Million in government-program funding to worth $75M after fees. Yup, sounds bout' right!
Not Sure
Well-known member
Green cards are obsolete
drjeff
Well-known member
Update. There’s some interesting tidbits in here.
www.saminfo.com
No Immediate Changes Planned for Jay Peak
SAM Magazine—Jay, Vt., Sept. 22, 2022—Pacific Group Resorts Inc. (PGRI) does not plan to make any immediate changes to Jay Peak’s pass products, management
jimmywilson69
Well-known member
wow listening to current management and customers. there's a novel idea... (Katz and whats her name we're looking at you with that sarcasm)
BodeMiller1
Well-known member
Isn't the name Gunstock kind of aggressive, not to mention Cannon? I'm working on my ESG score today so, I'll just throw this out there.
What about Cannon Mountain to Butterfly ridge.
I think Gunstock should just be closed down. It's just so triggering...
What about Cannon Mountain to Butterfly ridge.
I think Gunstock should just be closed down. It's just so triggering...
BodeMiller1
Well-known member
Jay Peak is okay, until you know the history. What about Jay Place. 
joshua segal
Well-known member
Having been in a Peak Resorts to Vail transfer, I can affirm that in their first year of ownership, Vail made almost no changes and just observed the vibe of the place. Major changes began in their second year. If PGRI is smart, I assume they'll do similar with Jay.
Abubob
Well-known member
Jay Peak is okay, until you know the history. What about Jay Place.
Abubob
Well-known member
Yeah, but, throw us Ragged loyals a bone! No reciprocal passes? Please. Please. Please. Please.
Similar threads
