Originally Posted by JHrefugee
Word is that sometime this week Les Otten/Warren Cook will finally make public that they are buying the River and the Loaf with LL Bean putting up most of the moula for the deal. I used to work for Bean, great company to work for, known for great customer service, sounds like a great team. SR/SL locals should be thrilled, especially the SL folks.
Wasn't the way I thought it would go, but it has been announced. Both SR & SL toghether. $77mil. plus $2mil debt. It should be a postivie position for both mountains, although not as competitive in the region as other options.
I think Vermont stands to grow skier visits the most over the next few years given the way ASC has been carved up.
$77 leaves a big nut for ASC to cover with the Canyons. Don't think they'll cover the $350mil or so they'll owe themselves.