Timberline Sold to Perfect North Slopes

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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.”