News Roundup: Public vs. Private

  • After a tower shifted downhill this spring, the City of Steamboat will again fix Howelsen Hill’s chairlift rather than replacing it.
  • In the Jay Peak fraud case, former resort owner Ariel Quiros and executive Bill Stenger settle with the State of Vermont for $2.1 million without admitting wrongdoing.
  • In a separate class action lawsuit, a group of Jay Peak investors allege more than 100 immigration lawyers received $5 million in kickbacks from the resort, creating undisclosed conflicts of interest.
  • The federal government orders an immediate shutdown of the Vermont EB-5 Regional Center, which allowed foreigners to invest in ski resorts such as Jay Peak and other businesses in exchange for green cards.
  • No big deal: a Chinese theme park might build three 3S gondolas.
  • A lawsuit by the State of Maine seeks to finally right the tragedy that followed the sale of a public ski resort to a private company which ran it into the ground.
  • Mt. Snow confirms its next logical lift upgrades will be in Sunbrook and Carinthia.
  • Hermitage Club members could lease Haystack Mountain to reopen next season but Berkshire Bank will not.  Homeowners may have a senior lien on the Barnstormer six-pack but would need to pay for $300,000 of lift maintenance to reopen.
  • Even though his purchase of Saddleback never closed, Australian businessman Sebastian Monsour did spend $400,000 on the closed Maine ski resort last year.  Hopefully some went to lift maintenance!
  • Peak Resorts reports record fourth quarter revenue, up 9.3 percent over last year to $56 million with EBITDA up 3.9 percent to $21.5 million.
  • Arizona Snowbowl reopens tomorrow after a month-and-a-half fire danger closure.
  • Parks Canada seeks public comments on possible Sunshine Village lift and terrain expansions into Goat’s Eye II, Lower Meadow Park and Hayes Hill. Another new lift could eventually parallel the gondola.
sunshineexpansion
Overview of proposed Sunshine Village expansion areas.  Other acreage would be removed from Sunshine’s area of occupation to compensate for environmental impacts of expansion.
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6 thoughts on “News Roundup: Public vs. Private

    • Chris Anderson July 14, 2018 / 11:09 am

      6 pack bubble chairs with heated seats are not the base model so maintenance costs for a unique multi million dollar machine that has been neglected are going to be more that a few hundred bucks

      Like

  1. Ryan July 13, 2018 / 12:16 am

    it does say in the article regarding Howlie Hill that they will eventually replace the lift.. But the repairs being done on the tower and hill are hoping to be a band aid to get them by for 2 years until the new lift can be put in.

    Like

  2. Thomas Jett July 17, 2018 / 9:45 pm

    Do we have any idea where Sunshine Village plans to install the lifts for their expansion?

    Like

  3. Peter Landsman August 1, 2018 / 10:13 am

    Sounds like the triple 3S contract in China went to Poma. There will be 150 35 passenger cabins. Nuts!

    Like

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