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Peak Resorts: The New ASC?
- Thread starter ss20
- Start date
DoublePlanker
Member
I don't have a problem with EB-5 (other than fraud or illegal activity ie. QBurke.) What other sources of funding will help preserve the skiing businesses? It looks like a dying industry except for the top end (Vail, etc.)
I'm guessing having successful ski areas and other related businesses are economic drivers in the areas leading to job growth and job preservation.
I'm guessing having successful ski areas and other related businesses are economic drivers in the areas leading to job growth and job preservation.
ss20
Well-known member
A lot of people just think that a HSQ over there will instantly make it popular and be the only piece of infrastructure needed to make that area popular. But you'd need snowmaking to support the additional traffic. At least on Big Dipper, Little Dipper, and Moonbeam or One Small Step. These are long trails that would require widening. Very sizable investment, on top of a HSQ.
I do hope it happens, though. Not at all disagreeing with improvements over there.
ss20
Well-known member
A lot of people just think that a HSQ over there will instantly make it popular and be the only piece of infrastructure needed to make that area popular. But you'd need snowmaking to support the additional traffic. At least on Big Dipper, Little Dipper, and Moonbeam or One Small Step. These are long trails that would require widening. Very sizable investment, on top of a HSQ.
I do hope it happens, though. Not at all disagreeing with improvements over there.
drjeff
Well-known member
The master plan for Sunbrook has the upgrading to 100% snowmaking occurring not before the lift upgrade - will it be the same year or snowmaking 1 year and then the lift upgrade the next? Time will tell...
Additionally in the master plan there is creation of a small snack shack and bathrooms down near the base of both of the lifts back there to further help encourage people to stay back there for some laps
Newpylong
Well-known member
The only trail section that might need to be widened to accommodate snowmaking (but more so the additional traffic) in the Sunbrook area is the flat section of Big Dipper after it merges with Little Dipper and before the final drop. The rest of that trail, Little Dipper, Moon Walk, Shooting Star, etc are already plenty wide.
BenedictGomez
Well-known member
EB-5 expenditures aren't preserving anything.
benski
Active member
Its a quad already so wouldn't the new lift only slightly increase capacity unless a significant amount of the chairs are going up empty.
It's a very slow quad!
drjeff
Well-known member
Exactly - my hunch is that capacity will be roughly the same, ride time will be greatly decreased!!
1 chair unloading every 6 seconds (the standard for most lifts) is still 600 chairs (theoretically without stoppages) an hour regardless of if the ride time is 4 minutes or 10 minutes
ss20
Well-known member
But the only time the quad went up with 4 in each seat were midseason Saturday's when natural terrain was open. The area was a ghost town this year.
Jully
Active member
The HSQ would make it a more popular area, not increase lift capacity. Either way, without snowmaking the trails might not handle it very well.
steamboat1
New member
Smellytele
Well-known member
eek "[FONT=Georgia, Arial]Meanwhile, after purchasing Hunter Mountain for $36.8 million and the poor 2015-16 season, Peak Resorts' free cash account was nearly halved year to year by the end of January. With long term debt of $118 million, much of it at 10% interest, it's not known if Peak Resorts can obtain additional debt to fund off season operations. Peak Resorts' fiscal year ends on Saturday."[/FONT]
BenedictGomez
Well-known member
Lets have some fun and look at the Date / schedule when SKIS has announced it's dividend & date payable:
1) 12/08/14 announced, (1st dividend) payable 02/20/15 (74 days after announcement)
2) 03/06/15 announced (89 days later), payable 05/20/15 (75 days after announcement)
3) 06/15/15 announced, (101 days later), payable 08/21/15 ( 67 days after announcement)
4) 09/18/15 announced, (95 days later), payable 11/25/15 (68 days after announcement)
5) 12/21/15 announced, (94 days later), payable 02/20/16 (61 days after announcement)
6) ???????? announced, (128 days & counting), payable ???, but should be roughly 5 weeks if schedule kept.
Now I'm not saying you should panic if you're a shareholder, but I'm not saying you shouldn't panic either.
1) 12/08/14 announced, (1st dividend) payable 02/20/15 (74 days after announcement)
2) 03/06/15 announced (89 days later), payable 05/20/15 (75 days after announcement)
3) 06/15/15 announced, (101 days later), payable 08/21/15 ( 67 days after announcement)
4) 09/18/15 announced, (95 days later), payable 11/25/15 (68 days after announcement)
5) 12/21/15 announced, (94 days later), payable 02/20/16 (61 days after announcement)
6) ???????? announced, (128 days & counting), payable ???, but should be roughly 5 weeks if schedule kept.
Now I'm not saying you should panic if you're a shareholder, but I'm not saying you shouldn't panic either.
Bostonian
Well-known member
Go for it! Peaks Pass is where are the cool kids are these days!
machski
Well-known member
Until they go belly up. I'd be a bit concerned of I already bought a pass. This pricing was nothing more than an attempt to get some cash flow up quick. Hope it generated alot for them.
You have a biased perspective here. The pricing did little for the bulk of their New England mountains. Went up a bit for Crotched and down a bit for Wildcat and Attitash. Mount Snow was the only big change.
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I think he was mainly referring to generating some cash for off season operations. I bet the overall nut to Peaks will only be marginally more for next season due to the discount. However, we are all helping them pay their rent this summer; $99 a month from each of us.
Looking at some of their scary financials, the cheap passes almost looks more designed for a quick cash grab to survive the summer than driving volume for next year.
That said, I'm not sweating my investment being lost and Wildcat not opening next year. It would appear Peaks definitely needs a great season though next year or their long term survival is questionable.
Looking at some of their scary financials, the cheap passes almost looks more designed for a quick cash grab to survive the summer than driving volume for next year.
That said, I'm not sweating my investment being lost and Wildcat not opening next year. It would appear Peaks definitely needs a great season though next year or their long term survival is questionable.
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