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Ragged- Auction March 1st

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Author	Post
oldtimer Profile \| Galleries Rank: Member Since: Oct 04, 2005 Posts: 70 Location:	Posted: Jan 31, 2007 - 7:35 PM GMT Joshua pointed this out on another Ragged thread but I think it may deserve it's own. Interesting to put it on the block while still operating. I wonder if the mortgage holder is hoping for a big snowfall in late feb, groom it up and find a buyer?? Or perhaps they have just run out of patience. http://www.pesco.com/servlet/SelectAuction.do?auctionId=1539 I am no lawyer, but I have to assume that a mortgage holder cannot host a sale without the owner's consent or a foreclosure? Or did I just miss that step.

shenty Profile \| Galleries Rank: Member Since: Oct 17, 2005 Posts: 900 Location:Bedford NH - New London, NH	Posted: Jan 31, 2007 - 8:21 PM GMT Or maybe the owners decided to auction it. In the Mass housing slump, some homeowners have resorted to auctions rather than take a low ball bid. I hope some group buys the mountain and is willing to pour the capital it needs to turn it around and breathe some life into it. __________ There's no waiting for friends on a powder day.

summitchallenger Profile \| Galleries Rank: Member Since: Dec 16, 2005 Posts: 531 Location:	Posted: Jan 31, 2007 - 8:39 PM GMT Wow. It has come to this.

zephyr Profile \| Galleries Rank: Member Since: Oct 23, 2006 Posts: 214 Location:Cambridge, MA	Posted: Jan 31, 2007 - 9:58 PM GMT Thats pretty crazy, guess i have to turn in my prepaid pass.... __________ ski whaleback. that is all.

weedywart Profile \| Galleries Rank: Member Since: Jan 23, 2007 Posts: 166 Location:	Posted: Jan 31, 2007 - 11:22 PM GMT Quote: In the Mass housing slump, There's no slump. Things have just gone back to a semblance of normalcy. After 9/11 real estate got a big shot in the arm by Greenspit and the treasury when the sent morgage rates down to near nothing. Quote: I hope some group buys the mountain and is willing to pour the capital it needs to turn it around and breathe some life into it. What's wrong with the mountain? In my opinion it was a terrific tele ski 10 to 15 years ago but they decided to do too much with expansion plans for the fixed heel turkeys.

sboarder Profile \| Galleries Rank: Member Since: Feb 01, 2007 Posts: 1 Location:	Posted: Feb 01, 2007 - 4:43 PM GMT Some more info here http://www.citizen.com/apps/pbcs.dll/article?AID=/20070201/CITIZEN_01/102010280&SearchID=73270838226060

shenty Profile \| Galleries Rank: Member Since: Oct 17, 2005 Posts: 900 Location:Bedford NH - New London, NH	Posted: Feb 01, 2007 - 5:23 PM GMT sboarder, I turned it into a link for you Ragged Mountain in crisis __________ There's no waiting for friends on a powder day.

bobd Profile \| Galleries Rank: Member Since: Jan 23, 2007 Posts: 186 Location:Mass	Posted: Feb 01, 2007 - 5:50 PM GMT Interesting article in the newspaper...I imagine that the present owners could keep the mountain...maybe it will be even better, or is it possible that someone will get it for..say 5 million???? But would anyone do that? __________ ski fast

elcamino57 Profile \| Galleries Rank: Member Since: Nov 09, 2003 Posts: 854 Location:Wilmington VT	Posted: Feb 01, 2007 - 6:40 PM GMT No ROI in the ski business! Unless you have deep pockets or maybe some slot machines, It is all about location and realestate to survive this volitale market, it is like the food business, you need lots of movement, aka bodies to make up for the expenses. Ragged is tucked away in a weird location. I drove up there in the fall of 05 and there is nothing around it for support. They need like a village like Stratton for a draw, but would that work? It will be a real shame if it closes for I have not been there yet and would like to try it someday. Maybe they should do a cooperative like MRG. Just wait and see what happens. Goodluck.

DrJeff Profile \| Galleries Rank: Member Since: Apr 29, 2002 Posts: 907 Location:	Posted: Feb 01, 2007 - 8:14 PM GMT Maybe ASC will get in on the auction

kayaker Profile \| Galleries Rank: Member Since: Feb 26, 2002 Posts: 463 Location:	Posted: Feb 02, 2007 - 12:33 AM GMT The situations may be different, but Tenney's decision to shut down for the year while they get their act together looks better and better. At least all they have to cover are their fixed costs while Ragged has to cover both fixed and variable costs. They must be losing money with each chair that passes the bullwheel. I skied Ragged both before and after they shutdown and I really like the place. The first glade I ever skied was their "Glade Trail" on the original mountain. The addition of Spear Mountain was a real plus. However, if you don't have the infrastructure (lifts that pass inspection, top to bottom snowmaking) you don't have anything. Let's hope this place stays open.

LASTRRUN Profile \| Galleries Rank: Member Since: Sep 18, 2001 Posts: 827 Location:	Posted: Feb 02, 2007 - 7:49 PM GMT Ya know...Ragged really isnt such a great place AND you cant get there from here. Shut it down and let the moose play! __________ lastrun

yardsale Profile \| Galleries Rank: Member Since: Apr 27, 2006 Posts: 308 Location:	Posted: Feb 03, 2007 - 1:04 AM GMT Quote: Ya know...Ragged really isnt such a great place AND you cant get there from here. Shut it down and let the moose play! Sorry, but it is still about 2hr from Boston so the cant get there from here does not apply. I'm bitter about Ragged because I think they duped 300+ kids (ski east) and parents into season passes knowing they would make no effort on man made snow. The terrain is quite good for a midsized area, you just have amature owners that used the ski area to try and leverage their other interests.

joshua segal Profile \| Galleries Rank: Member Since: Jul 12, 2004 Posts: 5942 Location:NH	Posted: Feb 03, 2007 - 10:00 PM GMT I was at Ragged today. The 6-pack is running, and while they are counting it as 4 runs, it's one-way down from the top and it was a bit crowded. I had students taken out by out-of-control boarders in both classes that I taught today. They finally have a supplimentary compressor on premises and were running guns all day on Newfound Ridge and are clearly planning to open more terrain. They do not look like a place that is "throwing in the towel." That said, there are at least three credible rumors about Ragged's future, but the truth is: I do not believe any of the sources has true insider info. Between now and March 1, (or sooner if settled quicker) I would guess that most of what we have heard is very much in the category of speculation. __________ Joshua Segal

weedywart Profile \| Galleries Rank: Member Since: Jan 23, 2007 Posts: 166 Location:	Posted: Feb 04, 2007 - 12:04 AM GMT Quote: I had students taken out by out-of-control boarders in both classes that I taught today. That's terrible. Perhaps you shouldn't take students out on weekends.

bobbutts Profile \| Galleries Rank: Member Since: Nov 20, 2006 Posts: 610 Location:Central NH	Posted: Feb 04, 2007 - 5:14 PM GMT Edited: Feb 04, 2007 - 5:16 PM GMT Quote: That's terrible. Perhaps you shouldn't take students out on weekends. I think the point is bc there is 1 trail serviced by a 6-pack the problem isn't weekends, it's Ragged's lack of snowmaking. The solution isn't skipping weekends, it's going to a resort that takes making snow seriously like everyone else in this region.

summitchallenger Profile \| Galleries Rank: Member Since: Dec 16, 2005 Posts: 531 Location:	Posted: Feb 06, 2007 - 1:53 AM GMT I guess that part of their troubles does have to do with the Six-Pack: Quote: The resort was sued in 2002 by the company that installed their "Six Pack Summit Express," touted as the only six-passenger, high-speed chairlift in New Hampshire. Leitner-Poma of America, Inc., which installed the chairlift for $1.8 million in 2001, claimed Ragged Mountain still owed the company more than $1 million in Sept. 2002. This, and other details of their problems, can be found HERE

MissDaEast Profile \| Galleries Rank: Member Since: Dec 17, 2002 Posts: 2318 Location:So. Cal / Exit 1-I89,VT	Posted: Feb 06, 2007 - 1:56 AM GMT Quote: This, and other details of their problems, can be found HERE I can't get HERE from here.

summitchallenger Profile \| Galleries Rank: Member Since: Dec 16, 2005 Posts: 531 Location:	Posted: Feb 06, 2007 - 2:30 AM GMT Trying again...here is the whole link...cut and paste I guess. http://www.concordmonitor.com/apps/pbcs.dll/article?AID=/20070205/REPOSITORY/702050305

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