- Ikon Pass adds St. Moritz, Switzerland as its sixth European destination.
- A child is hospitalized after falling from Steamboat’s Sunshine Express.
- Another child falls from Park City’s Orange Bubble Express.
- Powder Mountain will auction Timberline chairs this weekend.
- Holiday Mountain removes the long lost D double, plans to eventually replace it with a used triple chair.
- No link but I’m told a hand charge landed on and exploded on top of a Base to Base Gondola cabin last Saturday at Palisades Tahoe during avalanche hazard reduction work. No one was injured but the cabin was damaged.
- Blackcomb cancels summer skiing due to the receding glacier under the Showcase T-Bar.
- Former Jay Peak President Bill Stenger tells his side of the fraud saga in two parts.
- Homewood will hold a master plan update and perhaps address the future of its delivered-but-not-installed D-Line gondola.
- West Mountain continues planning for a backside detachable quad.
Jay Peak
News Roundup: Bonnie
- The Summit at Snoqualmie releases renderings of and begins construction on the new Wildside Quad.
- Jay Peak intends to replace Bonaventure next summer.
- Stratton eyes replacing Tamarack with a high speed quad in 2025, may swap the gondola for a bubble six or eight place chairlift after that.
- Brian Head, Utah appears to be working on an expansion.
- Powder Mountain plans to build a new lift in Wolf Canyon next year and add additional private terrain in the Davenport zone. Owner Reed Hastings tells the New York Times privatized terrain will subsidize the money-losing public operation.
- A wild video from Italy shows the dangers of bubble chairs in high winds (no injuries).
- Obstructors sue to halt progress on the proposed Los Angeles Dodger Stadium gondola.
- Park City highlights unique operational aspects of opening Ninety Nine 90 with no electricity or vehicle access to the summit.
- The Forest Service approves Sun Valley’s Seattle Ridge six pack, slated for this summer, and the future Christmas chondola.
- Whistler Blackcomb debuts two wrapped cabins on the Peak 2 Peak Gondola with designs crafted by indigenous artists.
- Hatley Pointe works to reactivate two backside chairlifts, teases another lift upgrade skiers will be “really surprised” about.
- Deer Valley hopes to break ground on a Snow Park-Silver Lake gondola in 2025, says the line could eventually become part of a five segment network from East Village all the way to Old Town Park City with stops at Park Peak, Silver Lake and Snow Park.
- Highlander is hiring construction crew members for multiple lift installations at Deer Valley this summer.
- Sun Peaks faces another lawsuit for another Burfield Quad mis-unload.
- Sugarbush catches flak for closing much of Lincoln Peak early to begin construction of the new Heaven’s Gate quad.
- There’s further evidence MND will launch a new detachable line at Mountain Planet next month.
- Funding for a new Telluride-Mountain Village gondola will likely be on the ballot this fall alongside the Presidential choice.
News Roundup: Legoland Gondola
- Nordic Valley should know by March whether Apollo can be repaired or must be replaced. Bridger also remains out of service.
- Wasatch Peaks Ranch resolves its dispute with residents, can resume construction.
- Alterra closes a $3+ billion fundraising round with proceeds going to “building out existing properties plus possible property acquisitions.”
- At Mt. Bachelor, Northwest Express loses its electric motor, will run on diesel at reduced speed for much of the season.
- Big White’s Black Forest Express suffers a similar issue but is back on electric.
- A fan video shows construction has begun on a new Leitner-Poma gondola at Legoland New York.
- Gore Mountain plans to replace all 73 cabins on the Northwoods Gondola with new Sigma cabins at a cost of $3,055,977.
- Heavenly admits responsibility for leaving a guest stranded overnight on a gondola last week.
- A French tram where empty cabins crashed into the stations in 2021 will reopen next year with all new cabins and other upgrades.
- An unseated passenger incident at Mammoth makes global news.
- Politicians fight against a gondola in Los Angeles.
- The New Yorker runs a long-form story on Jay Peak’s EB-5 debacle.
- Bloomberg chronicles Vail Resorts’ trials and tribulations in the Northeast.
- Multiple lifts suffer down time at Park City.
- Roland Bartholet will depart as CEO of Bartholet this month but remain on the board.
News Roundup: Peak 9
- Breckenridge proposes building a new C-Chair and gondola to mid-mountain learning center on Peak 9.
- Park City’s Sunrise Gondola project receives unanimous support from the local planning commission.
- Whitefish’s one year old Snow Ghost Express misses the holiday period due to continued mechanical issues.
- A teenager who fell 25 feet from a Wachusett lift secures a $3.3 million verdict.
- A viral video shows an unseated passenger travelling the entire way up Copper’s Woodward Express.
- Vandals continue to damage haul ropes at a ski resort in Italy.
- Vermont taxpayers are on the hook for $16.5 million going to Jay Peak investors and their attorneys under a settlement.
- A French-Swiss company which recently purchased two Quebec ski areas forms Quebec Ski Mountain Company (CMSQ) and looks to invest in more mountains.
- The Forest Service publishes a draft decision approving Jackson Hole’s Sublette replacement project.
News Roundup: Long-Awaited
- Monarch Mountain purchases the nearby Monarch Crest Scenic Tramway.
- Sundance’s new quad is named Wildwood.
- Vancouver drops out of bidding for the 2030 Winter Olympics, increasing the likelihood the games will be held in Utah.
- Construction begins on the world’s longest gondola in the Caribbean.
- The Vail Daily reports on environmental deficiencies with Beaver Creek’s 2021 McCoy Park lift and terrain expansion.
- Alterra-owned Blue Mountain renames the Century Express to Valley Express with new controls, new tower heads/sheaves, new carriers, a new rope and several tower height adjustments.
- Vail continues its charity chair sale extravaganza with more from Jack Frost and Big Boulder.
- The Summit at Snoqualmie sells chairs from Hidden Valley.
- Pacific Group Resorts, Inc. closes on its acquisition of Jay Peak.
- Waterville Valley’s MND bubble lift will be called Tecumseh Express.
- The Forest Service approves Attitash’s Summit triple replacement project.
- Parts from Sunday River’s former Jordan Express are spotted at Boyne sister resort Pleasant Mountain.
- Doppelmayr reports a 16 percent increase in revenue with a particular surge in investment in North America.
- Purgatory sues the Forest Service over water rights for snowmaking.
- Cypress Mountain sues the Province of British Columbia over paid parking.
- Supply chain issues will delay the opening of Alta’s Sunnyside six pack.
Pacific Group Resorts Wins Jay Peak Auction
Park City based Pacific Group Resorts, Inc. placed the highest bid – $76 million – at an auction yesterday for Jay Peak Resort. Subject to court approval, Jay will join PGRI’s group of five ski resorts located across the United States and Canada. “With the success of this auction, we are one step closer to concluding the receivership of Jay Peak Resort,” said Jay Peak receiver Michael Goldberg. “It has been six long years during which the resort has made tremendous progress under the leadership of general manager Steve Wright and his team and the guidance of Leisure Hotels. The time had come to put the resort back into private hands, and our investment bank, Houlihan Lokey, ran a strong sale process for us culminating in a very competitive auction. We are pleased an experienced operating company like Pacific Group Resorts ended up with this great asset.” The sale price of $76 million is $18 million over the auction’s opening bid. The identities of other bidder(s) were not disclosed.
“We began pursuing this acquisition over three years ago and couldn’t be more pleased with the auction’s outcome which paves the way to add Jay Peak to our growing family of resorts,” said Pacific Group Resorts President and CEO Vern Greco. “Jay has a high quality team of dedicated employees who have weathered the uncertainty of the receivership for a long time. We look forward to bringing renewed stability to the property and its staff, we’re enthusiastic about the prospects for the resort, and we are delighted to be in Vermont which is an important market for any mountain resort operator.”
A court hearing to approve the sale is scheduled for next Friday and the transaction is expected to close prior to the start of the 2022-23 ski season. There will be no changes to season passes or Indy Pass participation for this season. Burke Mountain, which is also under receivership, will be marketed separately at a later date.
News Roundup: All Good Things
- Co-owned Dodge Ridge and Mountain High are the latest resorts to join the Indy Pass.
- The Jay Peak sale hearing is delayed until September in hopes more parties will bid.
- Vail Resorts will cap day ticket sales at every mountain every day this season.
- Vail settles one class action labor lawsuit for $13 million.
- Alta’s former Sunnyside detachable triple will keep its name at Red Lodge Mountain.
- A grand opening celebration for the Palisades Tahoe Base to Base Gondola is scheduled for December 17th.
- Grouse Mountain will break ground on its Leitner-Poma gondola next month.
- Loon Mountain’s former Seven Brothers triple will live on as an adventure park access lift in Quebec.
- Also in Quebec, closed Mont Glen plans a 2023 reboot with a new poma lift.
- Doppelmayr will supply the world’s longest single stage monocable gondola in the Caribbean.
- Lift repairs remain on track at Kimberley.
- Sunrise Park will replace what was once the longest triple chair in the world with a rope tow.
- Waterville Valley and MND fly towers for the first Bartholet detachable in North America.
- Cypress Mountain auctions chairs from the retired Sky double.
- Wildcat will sell retired Doppelmayr quad chairs next month.
News Roundup: Alterra, Boyne, Powdr and Vail
- Sunday River explains why Jordan 8 came before Barker replacement.
- Brighton proposes swapping Crest Express for a six place D-Line.
- Snowbird looks to replace Wilbere.
- This document details Snowbird’s temporary one car tram operation.
- A hearing to consider the sale of Jay Peak is scheduled for August 26th.
- Eaglecrest and Mt. Spokane join the Freedom Pass alliance.
- Flash flood cleanup closes the Palm Springs Tram for the week.
- A power outage leaves guests waiting hours at the top of the Sandia Peak Tram.
- Eleven ski areas in the White River National Forest paid a record $24 million in profit sharing to the Forest Service last year.
- Steamboat and Doppelmayr fly towers for the Wild Blue Gondola.
- The Los Angeles Dodgers display a Sigma 3S gondola cabin which could provide future stadium transport.
- Mt. Shasta releases a preliminary map of the Grey Butte expansion.
- Bartholet begins construction of the first Ropetaxi with cabins that will move individually based on passenger demand and destination.
- The restoration plan approved for Keystone’s Bergman Bowl requires annual monitoring through 2033.
- Boston Mills/Brandywine will auction double and quad chairs next week.
News Roundup: Early August
- A Forest Service report details what Keystone did wrong in Bergman Bowl, the lift will not not be completed this season.
- One Gunstock Area Commissioner resigns, another is removed from office and another appointed. Staff reopened the resort yesterday.
- Forbes interviews Doppelmayr Managing Director Thomas Pichler.
- NSAA launches a lift service bulletin database for members.
- In Argentina, a mechanic dies after his legs become caught in chairlift machinery.
- Apex Mountain Resort is evacuated due to a nearby wildfire.
- Ex Jay Peak owner Ariel Quiros reports to prison.
- Sommet Gabriel’s new Doppelmayr quad will be called La Laurentienne.
- The new triple at Dodge Ridge will be Triple Nugget.
- ORDA awards a $3.2 million contract to Skytrac for construction of the Bear Cub Quad at Gore Mountain.
- Snoqualmie and Doppelmayr conduct a heli mission to scope upcoming International triple construction.
- Vail Resorts completes its acquisition of a majority stake in Swiss ski resort Andermatt-Sedrun.
- Alta opts not to remove Albion until next year.
- Here are some pictures of an Epic Lift Upgrade project on track at Vail Mountain (thanks to reader Mark.)
Pacific Group Resorts Bids $58 Million for Jay Peak
The Jay Peak Receiver today filed a motion to enter a sale agreement with Pacific Group Resorts, Inc., a Park City-based operator of five North American ski areas. Importantly, the proposed sale process allows for bids from other companies in excess of PGRI’s $58 million offer. “The time has come for the Receiver to sell the Jay Peak Resort,” wrote Akerman LLP, the law firm appointed to oversee Jay Peak and related assets after the Securities and Exchange Commission uncovered widespread fraud. “When the Receiver took over the Jay Peak Resort in April 2016, it was on the verge of collapse having little money and making very little profit,” receiver Michael Goldberg wrote. “Now, after more than six years, the Jay Peak Resort is significantly more profitable and hundreds of jobs have been saved. The Receiver attributes this success to his top notch management team and the dedicated employees who work tirelessly to make Jay Peak one of the greatest ski resorts in the country,” The Asset Purchase Agreement does not include Burke Mountain assets, which are currently part of the same receivership.
It’s not clear how long the sale process will take but under the agreement potential bidders would have 30 days from the time the District Court approves bid procedures to submit offers. If qualified bidder(s) beyond Pacific Group emerge, a private auction would take place shortly after the bid deadline. Should another buyer prevail, Pacific Group would be paid a breakup fee of $1.25 million plus expenses from the sale proceeds. “Other parties have expressed interest in purchasing the Jay Peak Resort over the past few years, however, only Pacific Group Resorts, Inc. has been willing to submit a binding bid,” notes the motion. “The Receiver is hopeful that perhaps another bidder will surface at the auction.”
No matter who ends up with Jay Peak, the sale will certainly have season pass implications. Pacific Group Resorts currently operates Mt. Washington Alpine Resort on Vancouver Island, Powderhorn Resort in Colorado, Wisp Resort in Maryland, Wintergreen Resort in Virginia and Ragged Mountain Resort in New Hampshire. None of those mountains currently participate in the Epic, Ikon or Indy multi-mountain passes. Jay Peak on the other hand is the single largest Indy Pass resort by redemptions.
After news of the potential deal surfaced, Pacific Group Vice President and Chief Marketing Officer Christian Knapp tweeted “The possibility of Pacific Group Resorts, Inc. purchasing Jay Peak Resort is extremely exciting and would be an incredible fit for our company, but by no means is it a done deal. Filing the APA is one more step in an extraordinarily long process that started more than 3 years ago.”