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Please Buy My Favorite Ski Area

post #1 of 5
Thread Starter 

Adorable loving ski resort in need of good home. Good with families - especially those that prefer natural terrain and an old-school aesthetic. Seriously, this is a steal, people. I'll bet someone out there on EpicSki has a spare twelve million hanging around. Link to Portland Press Herald piece about the latest chapter in Saddleback's ownership history, with some of the details.

post #2 of 5

Hi qcanoe, do you know what is up?  (I'm not a potential buyer!).  I don't get it; you don't invest $40M and then ask for $12M at the sale.  Is there extreme financial hardship?  Are the Berrys going to try and make their money back another way (they're keeping 7600 acres)?  Is this some kind of complicated deal?

post #3 of 5

They reached out to me on AlpineZone, we are running a Q&A with Chris Farmer and the folks from Saddleback right now. Obviously, the big questions are about the sale of the mountain. 

 

http://forums.alpinezone.com/showthread.php?117060-AlpineZone-Challenge-2012-Chris-Farmer-of-Saddleback

post #4 of 5
Thread Starter 
Quote:
Originally Posted by tch View Post

Hi qcanoe, do you know what is up?  (I'm not a potential buyer!).  I don't get it; you don't invest $40M and then ask for $12M at the sale.  Is there extreme financial hardship?  Are the Berrys going to try and make their money back another way (they're keeping 7600 acres)?  Is this some kind of complicated deal?

 

I don't have any more hard facts to contribute. I speculate that the timing was bad, given the recession in 2008, particularly with regard to the real estate aspect of things. (Q: How do you make a small fortune in the ski industry? A: Start with a big fortune.)

 

Quote:
Originally Posted by Parafly View Post

They reached out to me on AlpineZone, we are running a Q&A with Chris Farmer and the folks from Saddleback right now. Obviously, the big questions are about the sale of the mountain. 

 

http://forums.alpinezone.com/showthread.php?117060-AlpineZone-Challenge-2012-Chris-Farmer-of-Saddleback

 

Thanks, Parafly. I followed your link and saw precisely the "usual suspect" set of questions and comments from users that I'd expect to see about the state of things at Saddleback, but saw little or no response from the mountain. But maybe I just failed to navigate the thread correctly, because I'm not familiar with Alpine Zone. Anyway, I don't think it's going too far out on a limb to say that the really sore point for serious skiers at Saddleback - the lack of lift capacity out of the base area - is not going to be addressed until there is a big infusion of money from somewhere outside the current ownership.

post #5 of 5

Yeah the way it runs is we collect questions from members, they get aggregated / cleaned up, sent to the resort of answers, and ultimately posted up here --> http://www.alpinezone.com/skiing/challenge/challenge2012/


That's 2012, but there is one for other years as well. 

 

That's a good question on the lift part of it. The forum has a couple heavy Maine skiers; last year's Q&A went to Saddleback but they never responded. They have told me this year they will absolutely be responding. 

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