Timberline Sold to Perfect North Slopes

timberline-four-seasonsjpg

The largest closed ski area in the Mid-Atlantic will reopen for the 2020-21 ski season pending the successful closing of a deal announced today.  Chip Perfect, President and CEO of Indiana’s Perfect North Slopes, was the second highest bidder for West Virginia’s Timberline Four Seasons Resort with a bid of $2.12 million.  The top bidder at the bankruptcy auction, First Asset Holding, accepted a $30,000 payment to transfer the winning bid to the Indiana ski area.  Mr. Perfect was elected to the Indiana Senate in 2014 and once served as President of the Midwest Ski Areas Association.  Like Timberline, Perfect North Slopes opened in the 1980s and relies on snowmaking to deliver a quality skiing experience.  The Indiana mountain is highly respected with a 40 year history of sustained capital investment.

Timberline Four Seasons closed in the middle of last season and filed for bankruptcy protection on April 30th, listing $2.8 million in liabilities.  The thousand foot tall mountain’s three Borvig and Heron-Poma fixed-grip lifts are in varying states of repair.  A 2016 tower failure which injured nine people was blamed on Timberline’s failure to address a known issue identified by Borvig shortly after construction.

A fresh start will be welcome in Davis, West Virginia, which is also home to state-owned Canaan Valley Resort.  “We are excited to bring our extensive ski area operation experience to the Timberline property,” said Chip Perfect, speaking for his new management group.  “The property has great potential, a stunning West Virginia setting and some fabulous terrain and ski runs.”  West Virginia is currently down to four operating ski areas and the planned return of a fifth is fantastic news.  “Having Perfect North Slopes operating Timberline is great news for skiers and snowboarders and great news for West Virginia’s ski industry,” said Joe Stevens, director of the West Virginia Ski Areas Association. “It’s a top-notch, reputable organization that’s done an outstanding job at developing its ski area in southeastern Indiana, and I look forward to working with them to grow their West Virginia ski operation.”

7 thoughts on “Timberline Sold to Perfect North Slopes

  1. skier72 November 20, 2019 / 7:16 pm

    Good News! Glad that Timberline will finally be back in business.

    Like

    • Bill Jennings November 21, 2019 / 12:41 pm

      Wow, happy for Perfect north! They are outstanding to the ski industry, if Timberline is even close to Perfect North Indiana, the skier wins twice! Congratulations Chip!

      Like

  2. reaperskier November 20, 2019 / 7:29 pm

    When will you get lift pictures from timberline, WV and perfect north slopes, IN?

    Other than that, im happy another ski area is back in business!

    Like

  3. gavin November 20, 2019 / 10:12 pm

    When they do eventually get to new lifts, a detachable quad would be great to replace the summit lift. That would put them into better competition with Snowshoe.

    Liked by 1 person

    • Mike B November 21, 2019 / 10:26 am

      And that would then likely put them right back into financial distress given the size of that investment. I think the slow, patient, disciplined approach is the better call, especially in the Mid-Atlantic.

      Like

  4. Sam November 21, 2019 / 9:32 am

    Glad to see a competent owner will be taking over! Timberline was my favorite place to ski when i lived in the Washington DC area and it was sad to see the decline over the past few years. They actually get some decent natural snow there and great terrain for the mid-atlantic.

    Like

  5. Tool November 21, 2019 / 10:08 pm

    Good luck. Locals are depending on your success.

    Like

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