What the heck is going on at Magic?

[PearlJam09]

There are a lot of people out there that really want to know what went on. I would hope that the current management is transparent and 100% clear about exactly what went wrong here. A full scale alpine update with all of the details would be nice. And nobody gives a shit about the weather on Tuesday or how many "young people" got their cars stuck in the mud.

 

[WWF-VT]

What's management's new exit strategy - Chapter 7 or Chapter 11 bankruptcy ?

 

[steamboat1]

...

 

[Magic]

So now I read no one wants to buy season passes, but don't they need the season pass money to get the lifts done now?

 

[PearlJam09]

Sounds about right. That and snowmaking. Going to be in a real chicken and egg situation soon.

"I'm not buying a pass unless the mountain is open."
"I can't open unless a bunch of people buy passes to support lifts and snowmaking."

And around we go. Like a carousel. Goes around and around and up and down. Hoping for a bull dance on the other side of this.

 

[slatham]

Given the work on the lifts that has already occurred and is in process, I would speculate that Tom had capital from last year and early (spring) season pass sales to complete. I think fall season pass sales (and 3 packs etc etc) will be the factor that determines the early season snowmaking budget. But I think that to drive fall sales he will need to come out with some definitive news on the status of the lifts, plans for snowmaking etc. There's too much skepticism from the core season pass audience to overcome without such a statement. Hope that happens, otherwise we'll be reliant on natural snow.

 

[doublediamond]

facebook says

To the people worried if it will open: this wasn't the buyers backing out, it was the sellers deciding they wanted to keep control. If there wasn't capital to open it wouldn't have been held and the sale would have gone through. Magic will open, it will simply be sans influx of cash and new people. Pretty bummed, but the show will go on and the mountain will open.

Jesus.

Barely any money to open last year. Thoughts there would be no money this year. Then cancel the deal.

Did the Magic owner(s) go to the James Confalone School of Business?

(If you don't know who James Confalone is, I suggest you read up on Big Squaw, ME. To this day he refuses to sell his land yet hold grasp on an under-capitalized ski area like a control freak.)

 

[doublediamond]

Can someone give a low-down of Magic ownership/operators now and in the past? Seems a jumble of the same people (minus Jim). What' this Rob L's role in Magic? He the minority owner with the association dues issue?

 

[thetrailboss]

Jesus.

Barely any money to open last year. Thoughts there would be no money this year. Then cancel the deal.

Did the Magic owner(s) go to the James Confalone School of Business?

(If you don't know who James Confalone is, I suggest you read up on Big Squaw, ME. To this day he refuses to sell his land yet hold grasp on an under-capitalized ski area like a control freak.)

Sounds about right.

 

[marcski]

An article from last summer had this to say:

There are two entities that own Magic Mountain. The land and most of the infrastructure is owned by Magic Mountain Management, which has three partners: The family of Larry Nelson, now deceased, who bought the property at auction in 2002; Rob Lyszczarz, a New Jersey-based Realtor, and Barker, who owns a minority voting share (all are longtime Magic skiers). MMM then leases the ski area to an operating company. Most recently this was JSL Magic and Sullivan, but it has included other entities over the years.

Source:
http://www.powder.com/stories/magic-mountain-changes-ownership/

 

[Wheeler]

MMM owns the mountain and facilities, but MMM now has 2 partners: Tom B and Rob L. The Nelsons gave over their ownership interest last year. This past year, MMM leased the ski area to Tom B.

 

[jrmagic]

Can someone give a low-down of Magic ownership/operators now and in the past? Seems a jumble of the same people (minus Jim). What' this Rob L's role in Magic? He the minority owner with the association dues issue?

Not defending the actions of the current owners cause I think they are ridiculous for backing away from the sale but I'm pretty sure I would have heard about association dues lapsing by a member of the ownership/management company and I havent.

 

[thetrailboss]

Well hopefully cooler heads will prevail and something can be worked out.


Sent from my iPhone using AlpineZone

 

[doublediamond]

Not defending the actions of the current owners cause I think they are ridiculous for backing away from the sale but I'm pretty sure I would have heard about association dues lapsing by a member of the ownership/management company and I havent.

That's what someone said a few pages ago.

 

[skithetrees]

That's what someone said a few pages ago.

But if you went by some of what was said, the owners are also coke heads and all sorts of other things ...

 

[Wheeler]

Not defending the actions of the current owners cause I think they are ridiculous for backing away from the sale but I'm pretty sure I would have heard about association dues lapsing by a member of the ownership/management company and I havent.

Rob L lapsed on condo association fees, not those associated with MMM or Magic Mountain.

 

[Do Work]

I love naysayers and downtalkers. It makes me laugh and motivates me to do more. While they smugly sit behind their keyboards and talk shit to feel like a big man, we work towards a better tomorrow. Fuck em haha

 

[VTKilarney]

I love naysayers and downtalkers. It makes me laugh and motivates me to do more. While they smugly sit behind their keyboards and talk shit to feel like a big man, we work towards a better tomorrow. Fuck em haha

You need to learn to relax!

 

[PearlJam09]

You need to learn to relax!

Yeah man. You should try this stuff a buddy of mine told me about. I think it's called weed. Will totally mellow you out.

 

[ScottySkis]

Who smoking and learning and build some nice tress high this weekend ?