That's a pretty steep slope
Maybe experts could hold on, but as far as beginners and intermediates, I think the intimidation factor alone would be enough to sway them somewhere else.
I'd love to see whaleback get funding like MRG did, but lets face it, it doesn't have the allure and mystique that MRG did. Granted the chair wouldn't be nearly as long, but I just don't see people being "commited to the cause" enough to fund a chair, and if I'm not mistaking, MRG also got a small grant for the single chair due to it's history
The Upper Valley has A LOT of well-to-do folks. Between Hanover and Woodstock you have a lot of wealth. But a lot of those resources go to other things...and the neighboring Dartmouth Ski Way gets a lot of love from the donors.