Saddleback

[oldtimer]

I take a long term view. If ANYONE comes in and has the capital to replace the lower lift and otherwise improves the skiing product that improves the long term prospects. Don't like this week's buyer? standby and enjoy the product they put out while they put it out. Then be ready to rinse and repeat after a number of years. Under-capitalized sucks.

In VT we lovingly call this the Burke model. Maybe the next owner will be the one that figures out how to stay in the black.

 

[thetrailboss]

Game's not over yet. There has still been no check cut as of yesterday. This is at least according to Chris Farmer on the SL forum.

I'm referring to the Berry's and the State of Maine from 2015.

 

[thetrailboss]

In VT we lovingly call this the Burke model. Maybe the next owner will be the one that figures out how to stay in the black.

Ouch. Harsh.

 

[OldsnowboarderME]

I am really hoping the Saddleback Mountain Foundation model to be the one that brings this mountain back to life.

 

[bdfreetuna]

I would give any buyer and certainly anyone who puts Saddleback back in action the benefit of the doubt.

 

[OldsnowboarderME]

That part of Maine needs a east- west 4 lane highway to open that area up and cut down travel time. The only way I see it working as a for profit situation.

 

[Jully]

That part of Maine needs a east- west 4 lane highway to open that area up and cut down travel time. The only way I see it working as a for profit situation.

How much travel time would that cut down? It is mostly just in the middle of nowhere. You can go a good clip up 26, 4, and 27 from 95. I think SB can be profitable given the right approach.

 

[Jully]

I'm referring to the Berry's and the State of Maine from 2015.

That is fair. I was mostly being facicious anyways.

I take a long term view. If ANYONE comes in and has the capital to replace the lower lift and otherwise improves the skiing product that improves the long term prospects. Don't like this week's buyer? standby and enjoy the product they put out while they put it out. Then be ready to rinse and repeat after a number of years. Under-capitalized sucks.

In VT we lovingly call this the Burke model. Maybe the next owner will be the one that figures out how to stay in the black.

Ouch. Harsh.

Honestly though, part of what screwed the Berry's was the $40 million they put into the place. Someone acquiring the area with $8 million of debt instead of $40 million may just be able to turn a profit.

 

[deadheadskier]

That part of Maine needs a east- west 4 lane highway to open that area up and cut down travel time. The only way I see it working as a for profit situation.

This has been proposed as a way to better connect Maine ports with PQ, but it would be too far north of SB & SL to benefit the area.

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[MEtoVTSkier]

Doubt we see an East/West in our lifetimes.

 

[Jully]

Doubt we see an East/West in our lifetimes.

Agreed

 

[Edd]

Signs of Life? These new stakes showed up in the ground over the weekend....Apparently a group of Australian investors are close to striking a deal...
View attachment 22643View attachment 22644

Just heard a rumor that Dopplemeyer was there checking the lifts for these investors and an announcement is possible next week.

 

[VTKilarney]

Just heard a rumor that Dopplemeyer was there checking the lifts for these investors and an announcement is possible next week.

Boy, I really hope so. The longer this drags out the more nervous I become.

 

[bdfreetuna]

Just got the latest SMF newsletter. After reading this I'm kind of rooting for the foreign investor with "big plans". The Saddleback Mountain Foundation seems really unfocused in terms of operating a ski resort first and foremost.

 

[DoublePlanker]

BIG NEWS!!!!
http://www.pressherald.com/2017/06/27/saddleback-reaches-historic-deal-for-resorts-future/

 

[Jully]

Absolutely incredible news! Very excited to hear.

 

[dlague]

Will be interesting to see what happens next with the Rangley Double after the sale is complete!

 

[tipsdown]

Will be interesting to see what happens next with the Rangley Double after the sale is complete!

Huge news!

 

[xwhaler]

Finally! My home my for 3 seasons back before kids. Such a true gem

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[thetrailboss]

Right, but WHO is the buyer (or buyah)?


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