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The Official 2011-12 Magic Thread
- Thread starter orangegondola
- Start date
For further info, the email just sent out...
Dear Shareholders and Friends of Magic:
We have hit our threshold of 300 shares sold! The momentum created by the matching challenge issued two weeks ago has brought forth both new shareholders as well as many who already owned shares, and as a result we have reached the “magic” number. This is a very exciting time for the mountain and everyone associated with it. We have taken a great step in stabilizing and perpetuating Magic’s future. I want to express my gratitude to all of you who have stepped forth and purchased shares not only in conjunction with the recent challenge offer, but since day one when the shares were first offered. Thank you all for your support and enthusiasm in putting this monumental task over the finish line.
There are still some shares coming in, so I will not have an exact count until the weekend. After a few minutes of appreciative reflection, it’s back to work to try to reach the ultimate finish line of 333 shares sold which would sell out the offering. Those of you still out there who have yet to pull the trigger, there is still an opportunity to become part of the Magic Partnership and own a piece of the mountain’s future.
Again, thank you all so much. This effort epitomizes what Magic is all about: a spirited community of enthusiasts who love their mountain.
Jim Sullivan
President
Magic Mountain
P: 802-824-5645
Fax: 802-824-5199
E-mail: jsullivan@magicmtn.com
Dear Shareholders and Friends of Magic:
We have hit our threshold of 300 shares sold! The momentum created by the matching challenge issued two weeks ago has brought forth both new shareholders as well as many who already owned shares, and as a result we have reached the “magic” number. This is a very exciting time for the mountain and everyone associated with it. We have taken a great step in stabilizing and perpetuating Magic’s future. I want to express my gratitude to all of you who have stepped forth and purchased shares not only in conjunction with the recent challenge offer, but since day one when the shares were first offered. Thank you all for your support and enthusiasm in putting this monumental task over the finish line.
There are still some shares coming in, so I will not have an exact count until the weekend. After a few minutes of appreciative reflection, it’s back to work to try to reach the ultimate finish line of 333 shares sold which would sell out the offering. Those of you still out there who have yet to pull the trigger, there is still an opportunity to become part of the Magic Partnership and own a piece of the mountain’s future.
Again, thank you all so much. This effort epitomizes what Magic is all about: a spirited community of enthusiasts who love their mountain.
Jim Sullivan
President
Magic Mountain
P: 802-824-5645
Fax: 802-824-5199
E-mail: jsullivan@magicmtn.com
orangegondola
New member
Thanks all you AZers who have discovered the Magic over the last few years. You have been a big part of making this happen!
DD
DD
makimono
Member
Hell yeah that's awesome!
xwhaler
Active member
Anyone have any insight into specifically what the capital will be used for and when? I've read that a snowmaking upgrade is priority # 1 so they can get terrain open quicker and recover faster from thaw events.
That said, do they use all the money right away for snowmaking that we'll start to see utilized starting next year?
I've also heard another groomer on the way.
I have not much idea how far $900k would go towards snowmaking and a new groomer so curious how far this gets them....
Regardless, very exciting news!
That said, do they use all the money right away for snowmaking that we'll start to see utilized starting next year?
I've also heard another groomer on the way.
I have not much idea how far $900k would go towards snowmaking and a new groomer so curious how far this gets them....
Regardless, very exciting news!
billski
Active member
They are leasing the cat. Good move at this point. Prolly going to other stuff like better snowmaking.
Black Phantom
Active member
Get ready for price increases.
billski
Active member
Given what they charge, I have no objections. A few other small areas did that about five years back. I'm sure I've recorded them. I'll dig it up next week. gotta go ski.
Black Phantom
Active member
Hopefully not with MF Global
Definitely the large majority of the money will be going to the snowmaking system. For sure that's priority #1. If I remember correctly from the recent shareholder/prospective shareholder meeting that could take up probably 70-80% of the initial share money. Among other priorities are the beginners (learning) area and completion (or scrapping of) the Green lift. Shareholders will have input on any of these decisions.
Phantom- doubt prices will increase much if at all. They're already low & the goal is to keep them that way. Again, shareholders will have a say in these decisions.
Phantom- doubt prices will increase much if at all. They're already low & the goal is to keep them that way. Again, shareholders will have a say in these decisions.
makimono
Member
Check out the business plan linked at the bottom of the Magic home page, it goes into pretty specific detail. A chunk of the first money is to transfer title of the property and then snow making improvement. Obviously the partenership has progressed more slowly than hoped when it started but the push this last month has been really impressive and that anonymous donor is a true angel.
One thing that was mentioned at the meeting was that although the partnership progressed slower than anticipated, the mountain was able to churn out a profit for the last few seasons. So that profit went into clearing prior tax liabilities & other pressing expenses. As a result, a lot of what was priority on the business plan has already been checked off the list.
Thanks to a lot of AZ'ers on here who've supported Magic or have bought a ticket & skied there. The buzz in the last few years allowed the mountain to turn a proft & push the partnership over the finish line. The money they can now invest should produce a much better product when mother nature (see: this year so far) doesn't cooperate.
jrmagic
New member
Are you the voice of all that is cheery. I suppose prices may go up a bit over time but is reasonable. Its still much cheaper than the average day ticket.
Black Phantom
Active member
Being realistic. I would imagine that since that the goal has been met, wheels need to be put into motion.
billski
Active member
Post for which days you will be at Magic next weekend, Feb 10-13. This survey will help you ID others who will also be there.
Magic Mountain
Magic Mountain
billski
Active member
Lessons
Tell me about lessons at Magic. In particular carving on "firm" conditions, much like we are experiencing this year. I need to shake off some of my bad habits and ski more consistently. How are the instructors Please don't tell me they are "great". Tell me why. Also tell me why a 2 hour private is better than a one hour private. MRG offers 1 hour and two hour lessons. I'd like to hear from the customers before I call for more info. Please PM me if you're more comfortable that way.
Tell me about lessons at Magic. In particular carving on "firm" conditions, much like we are experiencing this year. I need to shake off some of my bad habits and ski more consistently. How are the instructors Please don't tell me they are "great". Tell me why. Also tell me why a 2 hour private is better than a one hour private. MRG offers 1 hour and two hour lessons. I'd like to hear from the customers before I call for more info. Please PM me if you're more comfortable that way.
makimono
Member
333 and rising!
$1 Million in the bank...it's awesome how quickly those last 33 shares were bought.
$1 Million in the bank...it's awesome how quickly those last 33 shares were bought.
djspookman
New member
333 and rising!
$1 Million in the bank...it's awesome how quickly those last 33 shares were bought.
WOOT!!! great skiing with you Friday by the way!
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