Zermatt
Active member
Merry Christmas, the tram is still closed.
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Jay Peak bombshell
- Thread starter VTKilarney
- Start date
MEtoVTSkier
Active member
Passed inspection...
https://vtdigger.org/2016/12/23/jay...il&utm_term=0_dc3c5486db-9c407d609f-405602665
https://vtdigger.org/2016/12/23/jay...il&utm_term=0_dc3c5486db-9c407d609f-405602665
MEtoVTSkier
Active member
Tram listed on Windhold. Bonnie expected for Tuesday according to their FB post.
Sounds reasonable. A lot of lifts are on wind hold today.
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MEtoVTSkier
Active member
Listed open now.
LONGBOARDR
Active member
Hi All,
Merry Christmas,
I've read a few of the recent posts regarding purported shortcomings here at Jay.
After counting to ten and biting my tongue here it is:
If you can't find find nirvana under the current conditions here for the last 2 weeks without all of Jay's lifts running, there is a problem and it is not the resort's.
You are simply not homing in on the right terrain.
I want you folks to come here and enjoy so my friends, neighbors and community have a sustainable employer and I have a place to ski. I'm not an employee of Jay.
That being said, go to the Jay ski school, request Dana or Spoon for ski, Dean for riders and go learn the mountain. cheap investment for a happy future at Jay, you won't be disappointed.
Send me a pm if you want, everyone at the resort and town wants you to maximize your fun here.
We are here for you and because of you.
And please please buy stuff in Jay, Troy and Montgomery, syrup, bacon whatever it really helps, TY!!
Happy new year and let's keep this winter going.
dlague
Active member
I get it since I learned to ski there and it was my home mountain for many years. In fact, I made snow there and cleared trails at the ripe ole age of 19. I have struggled with all the negative news since it is a place close to my heart from a resort perspective. There is lots to ski there and I hope the place pulls through all the shenanigans.
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We had gone out with the expectation it would open the week of December 19-23. The State inspected it on the 22nd and asked that we do a few more modifications to the slack rope carrier that took us another day. There are plenty of should of's in this business and as a rule we try to underpromise because operations (be tit snowmaking, grooming or lift ops) is connected to pieces (the weather) that we just can't control.
Jcb890
Active member
If we didn't like Jay or want to support Jay, we wouldn't be in here making our voices heard, hoping something comes of it. If we didn't care, we would simply take our money elsewhere and never go back. I'll say it again... the mountain is great, the terrain is great, everyone I have ever met that works there has been very helpful and friendly. Was I disappointed with the perceived effort to open terrain while I was there? Yes. Will I give the mountain another shot and will I be back? Yes.
dlague
Active member
All of the news and recent issues are kind of sad for me in many respects. Jay Peak is where I learned to ski and was technically my feeder hill. As a teen I thought then that Jay Peak was da bomb. Even went to work for them for a year between a year college and going into the military. Jay Peak seems so different now and to some extent has lost its glimmer. While I am still a fan of Jay Peak, my visits there will be limited since the main reason for skiing there was the fact that my parents home was up there. That is now history and a trip up there requires a stay which I will more than likely not do. I live vicariously through your stories and experiences. That being said I hope that the lift issues are put to bed soon and a more positive outlook will arise.
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VTKilarney
Well-known member
Trial date is set: September, 2018
https://vtdigger.org/2017/02/07/quiros-eb-5-fraud-trial-set-september-2018/
https://vtdigger.org/2017/02/07/quiros-eb-5-fraud-trial-set-september-2018/
VTKilarney
Well-known member
Burke paid their property taxes in full. Jay made a partial payment.
The payments were for a substantial sum, which is good news.
The payments were for a substantial sum, which is good news.
from_the_NEK
Active member
Interesting article in the Burlington Free Press today.
http://www.burlingtonfreepress.com/...ldberg-plans-quadruple-profits-year/96993370/
If projections hold, the asking price for Jay Peak would be in the neighborhood of $80 million.
http://www.burlingtonfreepress.com/...ldberg-plans-quadruple-profits-year/96993370/
If projections hold, the asking price for Jay Peak would be in the neighborhood of $80 million.
BenedictGomez
Well-known member
That article makes no sense based on the historical financials we're aware of.
My guess is what we have here is a reporter who doesn't understand the difference between the word, "profit", and the word, "revenue", which I see all the time when the article isn't from a dedicated financial source (i.e. Wall Street Journal, Barrons, IBD, etc...). A 10x multiple is kind of crazy too, FWIW.
EDIT: Just looked up some data, and Jay Peak's operating profit last year was over $12M, so I guess they really do mean $8M in profit this year. No idea how that's possible even without considering the recent costs they've had. It's pretty obvious Jay Peak has aggressively cut costs this year though. For instance, on a recent trip I ate at Alice's Table, and the menu was probably 1/3 the size of the past. I asked the waiter, "why the change" and he told me it's because they're so understaffed the smaller menu makes things run quicker. Even so, my lunch took an HOUR & FIFTEEN minutes out of my ski day because the wait staff was clearly taxed to the max. Unacceptable. Not the waitier's fault, but lets just say I wont be eating at Alice's Table again, which is sad because the food's good and I like the place.
My guess is what we have here is a reporter who doesn't understand the difference between the word, "profit", and the word, "revenue", which I see all the time when the article isn't from a dedicated financial source (i.e. Wall Street Journal, Barrons, IBD, etc...). A 10x multiple is kind of crazy too, FWIW.
EDIT: Just looked up some data, and Jay Peak's operating profit last year was over $12M, so I guess they really do mean $8M in profit this year. No idea how that's possible even without considering the recent costs they've had. It's pretty obvious Jay Peak has aggressively cut costs this year though. For instance, on a recent trip I ate at Alice's Table, and the menu was probably 1/3 the size of the past. I asked the waiter, "why the change" and he told me it's because they're so understaffed the smaller menu makes things run quicker. Even so, my lunch took an HOUR & FIFTEEN minutes out of my ski day because the wait staff was clearly taxed to the max. Unacceptable. Not the waitier's fault, but lets just say I wont be eating at Alice's Table again, which is sad because the food's good and I like the place.
Last edited:
dlague
Active member
Interesting!
Regarding the Alice's Table, I have always expected normal sit down restaurant times. We generally ate at The Foundry or from the Tower Bar. Always thought food was decent and prices good.
I an very curious about what will happen to Jay Peak and Burke which are two places that I grew up skiing at.
Regarding the Alice's Table, I have always expected normal sit down restaurant times. We generally ate at The Foundry or from the Tower Bar. Always thought food was decent and prices good.
I an very curious about what will happen to Jay Peak and Burke which are two places that I grew up skiing at.
Jcb890
Active member
We were more upset about mountain operations and a perceived lack of urgency to open up closed terrain/lifts, but we certainly noticed staffing issues as well. Alice's Table was pretty busy throughout or stay and always understaffed. Luckily we didn't eat lunch there, but we did stop for drinks a couple of times and service was slow. We didn't say anything though because it obviously isn't the help's fault.That article makes no sense based on the historical financials we're aware of.
My guess is what we have here is a reporter who doesn't understand the difference between the word, "profit", and the word, "revenue", which I see all the time when the article isn't from a dedicated financial source (i.e. Wall Street Journal, Barrons, IBD, etc...). A 10x multiple is kind of crazy too, FWIW.
EDIT: Just looked up some data, and Jay Peak's operating profit last year was over $12M, so I guess they really do mean $8M in profit this year. No idea how that's possible even without considering the recent costs they've had. It's pretty obvious Jay Peak has aggressively cut costs this year though. For instance, on a recent trip I ate at Alice's Table, and the menu was probably 1/3 the size of the past. I asked the waiter, "why the change" and he told me it's because they're so understaffed the smaller menu makes things run quicker. Even so, my lunch took an HOUR & FIFTEEN minutes out of my ski day because the wait staff was clearly taxed to the max. Unacceptable. Not the waitier's fault, but lets just say I wont be eating at Alice's Table again, which is sad because the food's good and I like the place.
KustyTheKlown
Well-known member
lol lunch. you're doing it wrong.
dlague
Active member
Ski during lunch!
Jcb890
Active member
We stopped and grabbed the Ramen noodles outside for a quick breather and some sustenance. Quick and delicious.
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