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Stenger and Quiros Ousted from Management of Jay Peak and Burke

mbedle

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Looks like the tram will be down until potentially summer of 2017. Anticipated start date for completing the work is between April 1-15, 2017.
 

mbedle

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Exhibit 2 of the SEC document. Below is a copy a past from the PDF:

11. General scheduling of works (electrical control upgrade)
It is our main target to accomplish this job within 8 weeks (working weeks). After placing the order a schedule will be fixed (established together by all parties involved to the contract).

PROJECT SCHEDULE

Sellers Performance Schedule
1. ShipmentofallequipmentfromfactoryinSwitzerland7to9monthsafterreceipt of signed agreement and down payment.
2. InstallationsupervisionasdescribedinExhibit1(8weeks).
3. Subject to Buyer’s timely performance of its duties, including providing adequate site labor and equipment to perform the installation, the planned completion date is June 15, 2017.

Buyers Performance Schedule
1. Providepersonnelandequipmenttoperformthedemolitionandinstallationwork under the supervision of Seller’s personnel. Anticipated start date is between April 1, 2017 and April 15, 2017.
 

mbedle

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I would say that it will have some impact on income for the company over the next year. I also love the engineering report that nails the vertical rise of Jay at 1,953 feet, 200 feet less than they advertise. Given that number and without the tram next season - jay comes in at 1,553 feet of vertical for the 2016/2017 season.
 

mbedle

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Another thing to note is the 4.9 million is not the total costs - the list of work that Jay needs to complete or equipment they must provide is pretty extensive.

We assume that following works will be carried out by third parties or by the client (Jay Peak Resort):
 Disposal of old equipment
 Exhaust pipe work for the new diesel engines
 Power supply, transformer, main disconnect (existing; suitable for new configuration needs to be checked)
 Installing signal rope (messenger). New signal rope would be laid onto the ground / terrain. If necessary even laid in the ground due to the environmental conditions.
 Civil works (if any), any adaptation of any foundations (if any), architecture works
 Cranes or other hoisting equipment. If Jay Peak Resort has no equipment to hoist the new track rope saddles Doppelmayr/Garaventa needs to be informed. Additional costs may apply (rental and shipping costs of the special tools, e.g. 5 to winches or other equipment)
 Local transports of equipment
 Rope detensioning tools (clamp plates, pulley blocks, slings, others), if required
 Fees for authorities; any taxes / VAT / duties, fees and/or levies that might be imposed outside Switzerland
 Expenses to get the approvals from authorities
 Reconditioning of buildings
 Overhauling of existing equipment (e.g. bearings)
 Safety guards (acc to OHSA)
 Shipping: Import customs clearance and Import taxes (DAP Incoterms 2010)
 All works related to buildings as cable ducts, paint, access doors, fire protection etc.
 Cabin: required modifications for the control rack
 Cables and wiring from transformer (high voltage) to the main switch in the control cabinet (drive room).
 Engineering works and choppers in case of installing of a separate Genset, which supply/energize the main drive (covers a power loss / power outage)
 Any costs due to refusals of authorities or other statutory corporation
 

from_the_NEK

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I would say that it will have some impact on income for the company over the next year. I also love the engineering report that nails the vertical rise of Jay at 1,953 feet, 200 feet less than they advertise. Given that number and without the tram next season - jay comes in at 1,553 feet of vertical for the 2016/2017 season.

It has been pretty widely known (at least here on AZ) that the vert stat for Jay is bogus (even with walking up the stairs to the true summit). I still have no idea how they figure the 2,153' stat.
 

mbedle

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I agree - most people did know that on AZ - it was just interesting to see it documented the report from the lift company.
 

cdskier

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After the upgrades the tram capacity will be 45 people per car max (+1 attendant) according to the contract. What was it previously?
 

thetrailboss

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Wow. That is not a good time table. :???:

Although, I suppose the Face and other summit lines will be awesome for those willing to work for them.

I would say that it will have some impact on income for the company over the next year. I also love the engineering report that nails the vertical rise of Jay at 1,953 feet, 200 feet less than they advertise. Given that number and without the tram next season - jay comes in at 1,553 feet of vertical for the 2016/2017 season.

Wow, just wow. What a major F-up here. No surprise....they had no money and were scrambling to hold things together. They lost sight of the ball. No Tram would be a major issue. I guess the next best thing would be to run a snowcat to the top from GMX. Do they have a snowcat that can ferry folks?
 

cdskier

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Based on the timelines in the contract (7-9 month lead time for parts alone), Jay really would have had to have had the contract signed by the start of this past ski season if they had intended to have the upgrades completed for this coming season. Definitely a major dropping of the ball. Maybe Q thought they could pay off the VT tram division to let them operate another year :grin:
 

drjeff

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It has been pretty widely known (at least here on AZ) that the vert stat for Jay is bogus (even with walking up the stairs to the true summit). I still have no idea how they figure the 2,153' stat.

They must of used the same ruler they use for some of their storm measurement totals ;-)
 

thetrailboss

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Based on the timelines in the contract (7-9 month lead time for parts alone), Jay really would have had to have had the contract signed by the start of this past ski season if they had intended to have the upgrades completed for this coming season. Definitely a major dropping of the ball. Maybe Q thought they could pay off the VT tram division to let them operate another year :grin:

Exactly. These problems aren't new.
 

LONGBOARDR

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Wow, just wow. What a major F-up here. No surprise....they had no money and were scrambling to hold things together. They lost sight of the ball. No Tram would be a major issue. I guess the next best thing would be to run a snowcat to the top from GMX. Do they have a snowcat that can ferry folks?



There is no cat at Jay with a cabin. it really sucks for the resort, the cafe is down and ski patrol will have to work from the freezer or mixing bowl shacks.
On the upside the ridge lines will be beautiful all winter all within a short walk for thos inclined, something to look forward to.
 

thetrailboss

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There is no cat at Jay with a cabin. it really sucks for the resort, the cafe is down and ski patrol will have to work from the freezer or mixing bowl shacks.
On the upside the ridge lines will be beautiful all winter all within a short walk for thos inclined, something to look forward to.

If I were Steve Wright, I'd be getting on the phone with a place to rent a snowcat with a cab if the Tram can't operate. In fact, I bet he is doing that now.
 

LONGBOARDR

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A lot of balls in the air here, sno cats not on the short list now i'm afraid.
US Porsche parade is in a couple of weeks, tram rides were a part of the draw. all here are praying for great weather so that this goes well. it is really important to the resort at this point that this event is successful.
can't overstate how important it is.
Dozens of weddings this summer that had ceremonies at the peak and paid big extra money for, now gone.
Winter is a long ways off here on rt 242 and a lot of us are hoping we get there and that it is really good.
 

thetrailboss

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A lot of balls in the air here, sno cats not on the short list now i'm afraid.
US Porsche parade is in a couple of weeks, tram rides were a part of the draw. all here are praying for great weather so that this goes well. it is really important to the resort at this point that this event is successful.
can't overstate how important it is.
Dozens of weddings this summer that had ceremonies at the peak and paid big extra money for, now gone.
Winter is a long ways off here on rt 242 and a lot of us are hoping we get there and that it is really good.

Absolutely. My point was more that they were not proactive back when and now it is royally sucking.

Snowbird closed its Tram this spring for major work. They told us all last fall and had a contingency in place and executed quite well I'd say. They planned ahead and got their ducks in a row.

Sent from my iPhone using AlpineZone
 

Not Sure

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A lot of balls in the air here, sno cats not on the short list now i'm afraid.
US Porsche parade is in a couple of weeks, tram rides were a part of the draw. all here are praying for great weather so that this goes well. it is really important to the resort at this point that this event is successful.
can't overstate how important it is.
Dozens of weddings this summer that had ceremonies at the peak and paid big extra money for, now gone.
Winter is a long ways off here on rt 242 and a lot of us are hoping we get there and that it is really good.

How many weddings does it take to pay for the Tram ? 45 people per drops hourly capacity ,seems hard to justify a "Show Piece" Rip it out and do a Quad. Seems the dollars and cents don't add up.
 

LONGBOARDR

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excellent point
all lifts at jay are old and some like the flyer have lingering issues.
The proposed new bonnie chair would have really helped take pressure off
New ownership will be buying these issues.
Lastly lift and other problems were beyond the scope of the lift and mountain ops folks. They do an amazing job under all conditions.
total awe and respect to them
 
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