What the heck is going on at Magic?

[Wheeler]

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.

I can't speak on behalf of management but will do so on behalf of my family, the Nelsons, who are the majority lien holders of the property. Anyone who has skied at Magic in recent years knows that it has great terrain and an amazingly loyal community but is sorely in need of an infusion of capital. Recognizing this, my family found a suitable buyer who was committed to investing in the mountain. Unfortunately, as everyone now knows, the deal fell through. Any questions regarding the transaction should be directed to either the seller or potential buyer for more information. The Nelson family remains committed to the long-term viability of the mountain, and we will continue to explore available options to ensure Magic survives for generations to come.

 

[Not Sure]

I can't speak on behalf of management but will do so on behalf of my family, the Nelsons, who are the majority lien holders of the property. Anyone who has skied at Magic in recent years knows that it has great terrain and an amazingly loyal community but is sorely in need of an infusion of capital. Recognizing this, my family found a suitable buyer who was committed to investing in the mountain. Unfortunately, as everyone now knows, the deal fell through. Any questions regarding the transaction should be directed to either the seller or potential buyer for more information. The Nelson family remains committed to the long-term viability of the mountain, and we will continue to explore available options to ensure Magic survives for generations to come.

I'm thinking not too many people here have any idea who the "Potenital buyer " was?

 

[JoeB-Z]

So it seems that Tom Barker is reasonable and Rob Lyszczarz who is the other minority owner is holding any deal up. People do not seem to care much for Mr. Lyszczarz. Who is the buyer? Can any pressure be put Mr. Lyszczarz? Who is the buyer?

I can't speak on behalf of management but will do so on behalf of my family, the Nelsons, who are the majority lien holders of the property. Anyone who has skied at Magic in recent years knows that it has great terrain and an amazingly loyal community but is sorely in need of an infusion of capital. Recognizing this, my family found a suitable buyer who was committed to investing in the mountain. Unfortunately, as everyone now knows, the deal fell through. Any questions regarding the transaction should be directed to either the seller or potential buyer for more information. The Nelson family remains committed to the long-term viability of the mountain, and we will continue to explore available options to ensure Magic survives for generations to come.

 

[Sorcerer]

So it seems that Tom Barker is reasonable and Rob Lyszczarz who is the other minority owner is holding any deal up. People do not seem to care much for Mr. Lyszczarz. Who is the buyer? Can any pressure be put Mr. Lyszczarz? Who is the buyer?



Bad conclusion - Rob Lyszczarz is the majority owner of the mountain and Tom Barker is a minority owner. Tom Barker does not want to sell the mountain and strongly resisted the sale. I heard that, in the end, he consented to the sale and then something happened. I suspect that Rob Lyszczarz pulled something again...

 

[Do Work]

I'm eternally grateful for the Nelsons' dedication to the mountain. Always have been and always will. I do hope, however, that throughout all this we can just keep our eyes on the real prize- keeping Magic open. Nothing and I mean NOTHING is more important than that. I think just about everybody wanted this deal to go through but my simple and solitary wish is that we don't let our emotions run away with the overall value of the bigger picture and that is keeping the lifts spinning above all else. Above who is in the office and above who holds the deed, the mortgage and who has what percentage. Regimes come and go, but Magic needs to live on. That's literally my last input on this whole debacle. Everything else from me from here on out will be related to projects, skiing and stoke in general.

 

[PearlJam09]

I'm eternally grateful for the Nelsons' dedication to the mountain. Always have been and always will. I do hope, however, that throughout all this we can just keep our eyes on the real prize- keeping Magic open. Nothing and I mean NOTHING is more important than that. I think just about everybody wanted this deal to go through but my simple and solitary wish is that we don't let our emotions run away with the overall value of the bigger picture and that is keeping the lifts spinning above all else. Above who is in the office and above who holds the deed, the mortgage and who has what percentage. Regimes come and go, but Magic needs to live on. That's literally my last input on this whole debacle. Everything else from me from here on out will be related to projects, skiing and stoke in general.

$5 says Do Work chimes in again on this subject. Any takers?

 

[slatham]

I think Sorcerer got it right.

While I care to know what went down I don't think either party benefits from public dissemination of their side of the story. It is also likely there is a confidentiality agreement preventing this.

What really matters - what is the status of the mountain and plans for the upcoming winter? Clarifying this (unless its bad news) is in the best interest of the current owners and management as it would (hopefully) clear the worry for potential pass buyers. This I find perplexing from a rational business perspective. But then again this is Magic...........

 

[PearlJam09]

What really matters - what is the status of the mountain and plans for the upcoming winter? Clarifying this (unless its bad news) is in the best interest of the current owners and management as it would (hopefully) clear the worry for potential pass buyers. This I find perplexing from a rational business perspective. But then again this is Magic...........

This. Agree with this 100%. We are still in the dark after a week. This is unacceptable on so many levels. In the age of technology and the 24 hour news cycle, I think people expect certain things which are not getting delivered right now.

 

[dlague]

This. Agree with this 100%. We are still in the dark after a week. This is unacceptable on so many levels. In the age of technology and the 24 hour news cycle, I think people expect certain things which are not getting delivered right now.

Yes transparency would be nice. They should take a page out of Tenney's book.

 

[Do Work]

$5 says Do Work chimes in again on this subject. Any takers?

I don't see the point, personally. We can stomp our feet as loud as we want but working ourselves up into a froth over the fact that nobody can really tell us anything until the details are solidified is simply akin to hating the sky for being above us. Confidentiality agreements and developing details are just that- why people feel they should have a personal play-by-play breakdown daily is so far beyond me it's almost hilarious.

 

[PearlJam09]

So it seems that Tom Barker is reasonable and Rob Lyszczarz who is the other minority owner is holding any deal up. People do not seem to care much for Mr. Lyszczarz. Who is the buyer? Can any pressure be put Mr. Lyszczarz? Who is the buyer?

Not sure if the buyer can be revealed, but the Internet is a big place and if you don't like how Tom B and Rob L handled it, I would bet that you could find their contact info if you looked and express your displeasure. If you can't, PM me and I'll see what I can do about digging.

 

[tumbler]

I don't see the point, personally. We can stomp our feet as loud as we want but working ourselves up into a froth over the fact that nobody can really tell us anything until the details are solidified is simply akin to hating the sky for being above us. Confidentiality agreements and developing details are just that- why people feel they should have a personal play-by-play breakdown daily is so far beyond me it's almost hilarious.

So correct on this. People demanding answers like they are an investor or shareholder. They are a struggling business and do not have to answer to any of you. I understand the passion for the mountain but let it go, it is what it is. Let your wallet do the talking and ski somewhere else then they make no money, close, and are forced to sell.

 

[PearlJam09]

I think a lot of us fear that if they close it will be an uphill battle to get open again. I know that when I ski elsewhere and tell people that I ski at Magic they usually ask if it is really still open or if you need to bring your own rope to self belay from the lift or some other smart-ass comment.

 

[PearlJam09]

So correct on this. People demanding answers like they are an investor or shareholder. They are a struggling business and do not have to answer to any of you. I understand the passion for the mountain but let it go, it is what it is. Let your wallet do the talking and ski somewhere else then they make no money, close, and are forced to sell.

I think there are quite a few out there who are "shareholders", or did all of that money get returned.

 

[Sorcerer]

I think there are quite a few out there who are "shareholders", or did all of that money get returned.

There are no shareholders out there. When the stockholder plan fell through, the people who had purchased shares had a choice- have the money returned or leave it as apart of the "magic Faithful Club" :you might call it a gift- not sure how many took it or how many left it.

That means there is no one to whom the current ownership or operator (minority owner) has to answer. They could be a bit more open on the plans for this season but, if you haven't noticed, there is an antique show at Magic this weekend and other than having it on their event calendar, they haven't said a thing. I think the lack of information is just due to the fact that there in no marketing/information manager and until someone is assigned.....

 

[MMP]

Not sure who this do work guy thinks he is, but I need answers about the flagpoles before I spend one red cent.

 

[Do Work]

Not sure who this do work guy thinks he is, but I need answers about the flagpoles before I spend one red cent.

It's funny you mention that. If more people showed up last weekend, that was actually on the project list and would have been handled. No BS!

 

[Smellytele]

Not sure who this do work guy thinks he is, but I need answers about the flagpoles before I spend one red cent.

One trick pony

 

[skithetrees]

Not sure if the buyer can be revealed, but the Internet is a big place and if you don't like how Tom B and Rob L handled it, I would bet that you could find their contact info if you looked and express your displeasure. If you can't, PM me and I'll see what I can do about digging.

Ok internet tough guy. I might write a letter to congress too.

 

[skithetrees]

There are no shareholders out there. When the stockholder plan fell through, the people who had purchased shares had a choice- have the money returned or leave it as apart of the "magic Faithful Club" :you might call it a gift- not sure how many took it or how many left it.

That means there is no one to whom the current ownership or operator (minority owner) has to answer. They could be a bit more open on the plans for this season but, if you haven't noticed, there is an antique show at Magic this weekend and other than having it on their event calendar, they haven't said a thing. I think the lack of information is just due to the fact that there in no marketing/information manager and until someone is assigned.....

P