That is VERY impressive. My concern, however, is that they have broken even because of a ton of deferred maintenance.
Not really. I mean, yes to a certain degree of course and I would have loved to see them fix the black chair last year but in all honesty that was more of a function of the mountain manager over-micro managing every little project rather than just letting a pro handle it and moving on to the next thing.
They've had a plan to steadily improve snowmaking and believe me when I say they've stuck to that really well. I know they're planning to make snow for a base on Sorcerer for the first time since reopening this year and that's really cool IMO. Also tracking down and fixing small leaks and inefficient points on the hill is of far greater importance than one would imagine, and they've been all over that too. Also, the Red Chair saw a full rebuild two years ago which was a large expense as well.
As I said before- incremental improvements are adding up. Also with the new management and ownership, a lot of big doors are being kicked open which makes me very happy. I'd say we stand to see the largest single year advance in Magic's history since reopening. Exciting times!