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is mammoth changing owners?

post #1 of 8
Thread Starter 

just asking in case something epic is on the way.

post #2 of 8
Quote:
Originally Posted by veteran View Post

just asking in case something epic is on the way.

All I have heard has been rumors.. popcorn.gif

post #3 of 8
post #4 of 8

Well Gregory is stepping down

 

http://mammothtimes.com/content/gregory-leave-ski-area-top-dog

 

so what now

post #5 of 8

Gregory is perhaps more stepping up than down, becoming CEO and still involved in the complex finances ensuing from the 2006 sale to Starwood, while delegating operations to as-yet-unnamed successors.

 

The past year and a half has been very tumultuous at Mammoth:

1) Layoffs during the 2011-12 seasons

2) Closure of June Mt. for the 2012-13 season

The above actions were precipitated by Mammoth's high debt load in combination with a nationally bad season, where negative publicity continued to depress skier visits even after Mammoth finally got an adequate amount of natural snow.

3) The Town of Mammoth Lakes lost a $23 million lawsuit to a developer, threatened to declare bankruptcy and eventually settled for paying $2 million/year for the next 20+ years.

 

All of the above created the incentive for the town in partnership with the ski area to create a Tourism Business Improvement District, which will raise ~$4.7 million/year (about 40% of that coming from MMSA) to promote tourism and subsidize air service.  Some of the locals are not pleased with this idea of what is essentially a tax without voter approval.

http://forums.mammothmountain.com/viewtopic.php?f=14&t=16210

 

I'm moderately active on Mammoth Forum.  Mammoth IMHO has an unusually large number of people who ski there and almost nowhere else.  As someone who gets around to a lot of ski areas, my view is that Rusty has run the ski area better than most places and not all that differently from the way it was run under Dave McCoy.   

 

So in most cases I'm more on the side of defending the ski area on Mammoth Forum.  In this case I think they should have sought voter approval for the TBID.

post #6 of 8

Tony, 

 

The Mammoth TBID will usually be passed by ordinance In California

 

Citizens can force it to referendum in California so they can vote on it.

post #7 of 8

 Rusty's quest for 757 certification of the airport pretty much bankrupted the town.

 

http://www.mammothtimes.com/content/judgement-gregory

post #8 of 8
Thread Starter 
Quote:
Originally Posted by Tony Crocker View Post


All of the above created the incentive for the town in partnership with the ski area to create a Tourism Business Improvement District, which will raise ~$4.7 million/year (about 40% of that coming from MMSA) to promote tourism and subsidize air service.  Some of the locals are not pleased with this idea of what is essentially a tax without voter approval.

http://forums.mammothmountain.com/viewtopic.php?f=14&t=16210

 

In this case I think they should have sought voter approval for the TBID.

I hope the new marketing officer at MM has experience in herding headless chooks.

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