Magic updates?
So, April 22 is just about 3 months ago, yet it is the last update on Magic's Facebook Page. The website doesn't have any additional information either. Does anyone have any beta on whether the sale is going to go through this off-season? Has there been any action on the mountain in the last few months?
Comments
http://magicmtn.com/alpineupdates.php
Great! I might even get back to Magic myself, since the only time I went there was in the Wizard administration and I wasn't impressed.
Even better, Geoff Hatheway said, "it was either Magic or Whistler/Blackcomb. I think we got the better deal." That means he must have access to $1.4 billion! Imagine the improvements!
Bubblecuffer that's kind of what they say their intentions are.
http://www.newenglandskiindustry.com/viewstory.php?storyid=468
New Ownership at Magic Mountain, Vt.
SAM Magazine—Londonderry, Vt., Aug. 16, 2016—Magic Mountain, a classic New England ski area that has stuck to its roots—both out of preference and financial limitations—appears to finally have stable ownership taking the reigns.
Ski Magic, LLC has signed a purchase and sale agreement with current title-holder Magic Mountain Management, LLC to acquire the area, according to a press release. Now begins a six- to eight-week due diligence period before formally closing on the property and taking operational control.
“This is an exciting opportunity for long-time fans of Magic, including myself, who want a better, stable and enduring future for such a special ski area and community," said Geoff Hatheway, president of Ski Magic, LLC.
The agreement provides for prep work to begin immediately to ready the area for the 2016-17 season. This includes repairs to Magic’s second summit lift, the Black Triple Chair, which has not operated for the last two years. No maintenance work has been done at the area since April.
Hatheway said the new ownership group has a five-year business plan that includes investing in snowmaking and lifts. “Magic will deliver a much better skiing product…not by changing what Magic’s about, but by making its truly fun throwback ski experience more reliable and accessible to customers over a longer season,” he said.
Magic was founded in 1960. The mountain was shut down in the early ’90s and then re-opened in 1997-98. Consistently underfunded, it has remained in operation since, but has struggled to compete with nearby Okemo, Mount Snow, Bromley, and Stratton.
But the new owners have no intention of changing the vibe of the ski area. “We think focusing on what matters—the ski product and the environment to enjoy it together … will essentially take people back to skiing’s golden era here. And that is where our future lies," concluded Hatheway.
SKI MAGIC LLC announced it had concluded a signed purchase and sale agreement with current title holder Magic Mountain Management, LLC to purchase all the property and assets of the 709-acre Magic Mountain Ski Area in Londonderry, Vermont for an undisclosed amount.
With the signing of the purchase agreement, SKI MAGIC will begin its due diligence period before formally closing on the transaction and taking operational control, which is expected to take six to eight weeks. However, the purchase agreement has a provision for 2016-17 season preparatory work to begin immediately, including repair work to re-open Magic’s second summit lift (the 5000’ long Black Triple Chair) which has not operated for the last two years due to insufficient financial resources to complete the work required by the Vermont Passenger Tramway Board.
Season passes are slated to go on sale at reduced “early bird” prices normally available in April once the sale has been officially completed.
“This is an exciting opportunity for long-time fans of Magic, including myself, who want a better, stable and enduring future for such a special ski area and community," said Geoff Hatheway, President of SKI MAGIC LLC.
“And, with the targeted investment our SKI MAGIC investors are committing to over our initial five-year business plan, Magic will deliver a much better skiing product to ski enthusiasts in our little corner of southern Vermont--not by changing what Magic’s about, but by making its truly fun throwback ski experience more reliable and accessible to customers over a longer season. That means an operational focus on lifts and more snow-making.”
That five-year plan includes “an new beginner area, which is actually the old beginner area, a new beginner lift, and enhanced day care, so that we can update beginner access to the mountain,” Hatheway told SnoCountry.com. “We also plan to update and enhance the snow guns so that we can open quicker, with a longer season, and more coverage.”
This summer and fall, all efforts will be focused on preparing the mountain for a December opening, working to bring the Black Summit Chair back to operation and repairing/expanding snow-making coverage. SKI MAGIC will also be tapping into Magic's legendary community of skiers and riders by hosting a number of "Volunteer Days" this fall to help clean-up glades and fix-up the lodge for the upcoming ski season.
Source: "Snocountry.com"
http://www.ropeways.net/rn/index.php?i=60&wert=1&news=5485&titel=SKI MAGIC LLC To Buy Vermont
I'm super excited to hear about the beginner lift/ area though; to preserve/ ensure the future of the mountain!
http://us2.campaign-archive2.com/?u=7aa25df3430f5fd8a6aacf087&id=083a689330&e=f1d46d4195
I do not know their plans, but have heard from a reliable source two things:
- A Magic Carpet to replace the handle tow as the beginner lift is a high priority but will not be done for 2016 given limited time.
- There is hope that the Green/Phoenix lift can be brought online quicker/cheaper than originally thought. I think maybe the Lifts Unlimited people who are onsite have taken a look? And there are indications that spare parts might be accessible. Although not as mellow as a lift in the "Little Dipper" area, the beginner terrain off of Green/Phoenix is easier and more plentiful than off the top. It would also provide a much quicker way to open earlier in the season given less terrain to cover.
But it wouldn't surprise me if a lift for Little Dipper were somewhere in the 5yr plan. If you imagine all three of those lifts - Carpet, Dipper, and Green/Phoenix - that would offer a great stepping stone set up for any beginner!