Monday, September 21, 2009

Ski Area Updates

Moonlight Basin, Montana: Moonlight Basin is facing foreclosure: Moonlight Basin in Montana borrowed $100 million dollars from Lehman Brothers to finance continued development of the property. At present the resort owes $86.9 million and is in foreclosure.

See Moonlight Basin facing foreclosure

Battle Mountain Ski Resort, Minturn Colorado. Bobby Ginn gave up his company's stake in the Battle Mountain Ski Area outside of Minturn Colorado. The resort will be continued by a private investment company. Crave Real Estate Ventures.

For a background on the resort and info on this see: Ginn drops out of Vail Valley ski resort

Tamarack Resort, Idaho: Tamarack Resort is trying to keep the bankers foreclosing on various parts of the resort at bay. An Idaho Judge ruled recently that a bank could not repose the chairlifts. However it will be an issue if the resort will open this winter.

See Tamarack Resort fights off banks, searches for a buyer

Middlebury College Ski Area, Vermont: Middlebury College Ski Area is getting a $1.7 million dollar 3 person chairlift. The new chair replaces a 40 year old 2 person chair.

See Middlebury College Ski Area Getting Face-"Lift"

Sun Valley Idaho: Sun Valley Ski Resort has filed paperwork to the base area by 140 acres.

See Ski resort files papers for new project

Swain Resort, Vermont: The owners of Ski Denton in Coudersport, PA will take over operation of Swain Resort in Vermont. The resort was scheduled for liquidation if it did not sell by August 15, 2009.

See Ski Denton owners to take over Swain resort

Sleeping Giant Ski Area, Wyoming. Sleeping Giant Ski Area in Northern Wyoming will open Thanksgiving Day. The resort has been closed since 2004. Skiable terrain will increase from 45 to 180 acres. Lifts as well as a terrain park will be added. Yea!!

See Another Ski Resort to Open in 2009!!!

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