Enough talk about EB-5. Let's talk about Jay Peak!
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Anyway, if you have questions, fire away. If not, I'll just sit back.
steve
You guys are all over this. I have nothing substantial, creative or interesting to add. This is not wholly unusual.
But I will add that, per Bill, there is zero chance that Andre's/BP will be touched. It's not on the table and only being referenced as a mis-read (or mis-print) of the map I believe.
As to the world of EB-5, as Riv, mentioned (and referring to the sustainability of our business model)-there's a life beyond our borders here in the US. Depending on how cut up QC-there's a 4-6 million person day market to talk to and that expands exponentially once you get into the destination markets of Ottawa, Toronto, etc..
Anyway, if you have questions, fire away. If not, I'll just sit back.
steve
As for the on-mountain experience ... enhance the entry to and exit from Beaver Pond Glades and Andre's Paradise. This work will give you better access to some new "deep snow" chutes heading toward the West Bowl"
This from a newsletter just received:
This does not sound like "zero chance that Andre's/BP will be touched". It sounds more like the beginning of the trail shown on the plan.
Steve: Can you elaborate on these changes.
I was a witness to what rivercOil reports. The exact wording from SW when asked about a WB access trail through BP and Andre's was "No way." He also reported asking Bill Stenger the same question and Bill's reply was "not in a million years." So for now, we assume that it was a badly drawn line on map. Theoretically. We hope.
The feeling I got was that they wanted to finish up all of the planned improvements at the current area proper before finalizing plans for West Bowl.WB long ways off, hmm...where have I heard that before :roll:. I was thinking of betting a case of beer with someone for 2014/15 season or 2015/16 season for beginning of WB expansion, but maybe I will just save my money. I know SBR/Riv might be sworn to some WB secrecy :wink:
The feeling I got was that they wanted to finish up all of the planned improvements at the current area proper before finalizing plans for West Bowl.
Not taken the wrong way at all. I think another issue is that the West Bowl is going to cost JPR with less return. At least until the current development is built out. The Ice Rink is making revenue. The Tram House, new Hotel Jay, and Waterpark will all make revenue. The on mountain F&B is definitely making revenue. There is talk of stuff going in stateside that will make revenue. Is West Bowl really going to bring in that many new skier visits? Doubtful. Are they going to sell more real estate over there? Maybe, but its not like they don't already have existing condos up for sale already. I think their ROI on West Bowl is going to be a lot less than the other stuff they are doing now. And while the lift upgrades certainly are not bringing in the ROI, they really don't have much choice. That is all my own interpretation of the situation, nothing I have heard specifically. It just makes sense to focus on enhancements with the highest and most immediate ROI first and the other stuff second.Thanks for the 411. JPR is taking a prudent approach to the West Bowl, which is certainly wise considering how many ski areas have failed/gone bankrupt before after undergoing major expansion.
BTW, hope the sentence about you/SBR didn't come off the wrong way -- why I put the wink in there, although it still occured to me after the fact it could be taken the wrong way.
WB long ways off, hmm...where have I heard that before :roll:. I was thinking of betting a case of beer with someone for 2014/15 season or 2015/16 season for beginning of WB expansion, but maybe I will just save my money. I know SBR/Riv might be sworn to some WB secrecy :wink: -- although I doubt anyone really knows when it will happen.
Assuming PL gets the EB extension, I was thinking:
WB permitting will of course take some time (it is quite wet in there), and if they have to go through the whole black bear/Bicknell process...then. Additionally they probably need more energy (I know this is being worked on) and water capacity – I am assuming they will put some snowmaking in WB.
- 2011/12 – Waterpark/Hotel Jay completion; beginning of Phase III EB5 (100 townhome rental units :blink: where the short-cut road is; they want to put first 17 modular units -- might actually be 34 units -- in this Summer if they get the permitting completed; if they start this, it would presumably mean fait accompli for State Side lodge replacement since they would need the job creation as part of the Phase III investment program – I don’t think just the rental units alone would cover the job creation)
- 2012/13 – 6-pack, plus lift/trail realignments; continuance of adding the 100 EB5 townhomes where the short-cut road is
- 2013/14 – State Side lodge (cough, cough) modifications are complete???? Maybe :idea: they’ll do something similar to Saddleback’s lodge, which would be cool. :-D
- 2014/15 – beginning of West Bowl terrain expansion????
Hoping weather will cooperate for this Saturday – skiing in the rain can really suck.
So THAT is what that tub under the looker's left tram is for! I've always wondered.One of the things holding back any development of the tram house is that in winter the water is brought up by the tram and the septic field up their is very limited.
So THAT is what that tub under the looker's left tram is for! I've always wondered.
It is amazing how much money they are dumping into the base area but the summit building still remains a total pit. Which is amazing compared to how much of a cool spot the summit building is at Cannon. I suppose the big difference is Cannon has multiple lifts at the summit, not just the Tram, and thus more demand for summit services.Yup. That's also why the bathrooms are closed sometimes. If they don't bring up enough water for them.
The other funny thing about the Tram House is the soda machine inside. It's had an out of order sign on it for years but the reason its out of order is that no one wants to bring up any thing to fill it with. It's actually just empty not out of order.
It is amazing how much money they are dumping into the base area but the summit building still remains a total pit. Which is amazing compared to how much of a cool spot the summit building is at Cannon. I suppose the big difference is Cannon has multiple lifts at the summit, not just the Tram, and thus more demand for summit services.
I didn't go in last year, have the bathrooms been fixed up yet? I remember a year or two ago, there were more urinals/toilets not working than actually usable one.
So THAT is what that tub under the looker's left tram is for! I've always wondered.
The only thing fixed inside is the ceiling. They replaced all the molded ceiling sheetrock. Nothing changes in the bathrooms.
I agree with your time line.