Receiver Announces that Burke has a Stalking Horse Bid and Deal will Close by End of 2024

[thetrailboss]

This is the second attempt. He does not say "who" it is, but I believe it is likely a usual suspect who has played a role in BMA and the mountain for over 30 years.

Court-appointed receiver aims to sell Burke Mountain ski resort by year’s end - VTDigger

The scandal-plagued Northeast Kingdom ski area has been operating under a receivership since April 2016.

vtdigger.org

 

[cdskier]

Damn...it has been 8 years already since this has been under a receivership? Time flies!

 

[thetrailboss]

Damn...it has been 8 years already since this has been under a receivership? Time flies!

I know. Crazy.

 

[Edd]

~$20M assessment by the town. Don’t feel like they’ll get that much.

 

[thetrailboss]

~$20M assessment by the town. Don’t feel like they’ll get that much.

Tax assessments are generally low. I wonder if this included the hotel. That cost $50 mill to build (supposedly).

 

[snoseek]

I want a jay/burke pass combo again

 

[2planks2coasts]

I want a jay/burke pass combo again

Unless it's PGRI buying them, not gonna happen. Might see them both on Indy though.

 

[BenedictGomez]

ROTFLMAO at "stalking horse bid" and or bidding war.

 

[thetrailboss]

ROTFLMAO at "stalking horse bid" and or bidding war.

View attachment 63038

Yeah, it’s been reported that this is one group consisting of BMA families, some of whom have a history with the mountain. I’d be surprised if any of the other major players jump but we’ll see.

 

[Newpylong]

The mountain would be better off being at arm's length from BMA.

 

[thetrailboss]

The mountain would be better off being at arm's length from BMA.

I get that, but the reality is that since the late 1990's it has been BMA and one of its major benefactors who have kept the mountain alive. For better or worse, you can't have one without the other.

 

[AdironRider]

The mountain would be better off being at arm's length from BMA.

As in closed?

BMA is the only reason Burke continues to exist.

 

[Newpylong]

Putting words in people's mouths is a poor habit.

 

[BodeMiller1]

Another East West play. Can this work it self out over time or will the masses continue to suffer? The Outlaws are coming to Barre. Lets hope they don't bring their motorbikes- MEOW

 

[BodeMiller1]

Sking

 

[ModeBiller👁WannaCracker]

Another East West play. Can this work it self out over time or will the masses continue to suffer? The Outlaws are coming to Barre. Lets hope they don't bring their motorbikes- MEOW

 

[BodeMiller1]

They're like the Hell's Angels. They fight well when they have time to plan. The trick is to fuck them up out of the blue. It's a hobby. Heavy sport if you will.

 

[BodeMiller1]

Putting words in people's mouths is a poor habit.

It's unbecoming of them, butt what can you do. "Withdrawal in disgust is not the same as apathy". - KING RICHARD

 

[ss20]

Another East West play. Can this work it self out over time or will the masses continue to suffer? The Outlaws are coming to Barre. Lets hope they don't bring their motorbikes- MEOW

They're multiplying!

 

[BodeMiller1]

They're multiplying!

Hey, we let them bred in New Hampshire as well. Who shut off Darwin's theory? Regression toward the mean is alive and well.