indiggio Posted March 28 Report Share Posted March 28 Heard it through another source that the deal is done and Elk's been sold. 1 1 1 Quote Link to comment Share on other sites More sharing options...
RidgeRacer Posted March 28 Report Share Posted March 28 Oooh. I wanna know. We should make this fun. Maybe we can do a PASR pool? Whoever guesses correctly gets featured in PASR the Magazine. My guess is a real estate conglomerate of some sort. 1 Quote Link to comment Share on other sites More sharing options...
momskeeztoo Posted March 28 Report Share Posted March 28 1 hour ago, indiggio said: Heard it through another source that the deal is done and Elk's been sold. I’m not sure I like this. We will see what happens. 1 Quote Link to comment Share on other sites More sharing options...
indiggio Posted March 28 Report Share Posted March 28 16 minutes ago, momskeeztoo said: I’m not sure I like this. We will see what happens. Yeah, dunno either. What if it's some bunch of rich boomers who take the place private? Quote Link to comment Share on other sites More sharing options...
RidgeRacer Posted March 28 Report Share Posted March 28 7 minutes ago, indiggio said: Yeah, dunno either. What if it's some bunch of rich boomers who take the place private? Good. I'd buy an Indy pass if elk was on it 1 Quote Link to comment Share on other sites More sharing options...
enjoralas Posted March 28 Report Share Posted March 28 IF it's true, wonder what the sale price would end up being. Blue went for about $32 million, but seems like it has a lot more infrastructure Quote Link to comment Share on other sites More sharing options...
indiggio Posted March 28 Report Share Posted March 28 4 minutes ago, enjoralas said: IF it's true, wonder what the sale price would end up being. Blue went for about $32 million, but seems like it has a lot more infrastructure That and Blue isn't as far out in the boonies as Elk is. Quote Link to comment Share on other sites More sharing options...
indiggio Posted March 28 Report Share Posted March 28 9 minutes ago, RidgeRacer said: Good. I'd buy an Indy pass if elk was on it Since I already bought an Indy, I'd definitely welcome Elk to it! 3 Quote Link to comment Share on other sites More sharing options...
toast21602 Posted March 28 Report Share Posted March 28 37 minutes ago, indiggio said: Since I already bought an Indy, I'd definitely welcome Elk to it! I would be pumped to see Elk show up on the Indy! 2 Quote Link to comment Share on other sites More sharing options...
JFskiDan Posted March 28 Report Share Posted March 28 If its true, im still going with a kalahari type thing. Those lifts wont replace themselves. Gonna need to be a chunk of change thrown down soon for lift upgrades. 1 Quote Link to comment Share on other sites More sharing options...
JFskiDan Posted March 28 Report Share Posted March 28 4 minutes ago, toast21602 said: I would be pumped to see Elk show up on the Indy! The only reason it will is because i did not renew. You are welcome. 3 Quote Link to comment Share on other sites More sharing options...
trackbiker Posted March 28 Report Share Posted March 28 Blue is 4 season resort with mountain biking, glamping, and weddings which are a huge profit maker. Elk is only open for skiing so I don't see near the same price for Elk. I don't see a lot of space for real-estate development so I'm not sure someone would be buying it to build condos but I could be wrong about that. Quote Link to comment Share on other sites More sharing options...
skiincy Posted March 31 Report Share Posted March 31 On 3/28/2024 at 7:52 AM, indiggio said: Heard it through another source that the deal is done and Elk's been sold. To who @indiggio? Quote Link to comment Share on other sites More sharing options...
indiggio Posted April 1 Report Share Posted April 1 9 hours ago, skiincy said: To who @indiggio? Nobody has heard who might have bought it, but the thought is probably a private investor group as if it was any "biggie" that surely would have been announced. Quote Link to comment Share on other sites More sharing options...
paul45 Posted April 2 Author Report Share Posted April 2 On 3/28/2024 at 7:52 AM, indiggio said: Heard it through another source that the deal is done and Elk's been sold. Not sure if you've heard anything new.... but I just heard ol' Joe just blew up a deal right before it closed. Dunno if that's the same deal you heard was done or a different one. I did hear earlier in the season they had 2 offers, so could have been a different one. On 3/28/2024 at 9:34 AM, indiggio said: Yeah, dunno either. What if it's some bunch of rich boomers who take the place private? Hopefully investors are a bit timid on that that route after Windham's so-far-fail. They lasted something like 3 weeks of the season with their "2 day minimum for non-club members"... quickly turning into a REAALLLY expensive private lift line and not much more. Quote Link to comment Share on other sites More sharing options...
indiggio Posted April 2 Report Share Posted April 2 4 minutes ago, paul45 said: Not sure if you've heard anything new.... but I just heard ol' Joe just blew up a deal right before it closed. Dunno if that's the same deal you heard was done or a different one. I did hear earlier in the season they had 2 offers, so could have been a different one. Hopefully investors are a bit timid on that that route after Windham's so-far-fail. They lasted something like 3 weeks of the season with their "2 day minimum for non-club members"... quickly turning into a REAALLLY expensive private lift line and not much more. Nope, I hadn't heard anything more and it wouldn't surprise me in the least that the deal blew up at the end, so perhaps this is the latest scuttlebutt. I would think it would be a tough roe to hoe going the private route and keeping it solvent, unless they have some really deep pockets to pull money from. Quote Link to comment Share on other sites More sharing options...
Benm Posted April 2 Report Share Posted April 2 (edited) 4 hours ago, paul45 said: Not sure if you've heard anything new.... but I just heard ol' Joe just blew up a deal right before it closed. 4 hours ago, indiggio said: Nope, I hadn't heard anything more and it wouldn't surprise me in the least that the deal blew up at the end, so perhaps this is the latest scuttlebutt. um whether or not i'm right i have no idea. Edited April 2 by Benm 1 Quote Link to comment Share on other sites More sharing options...
RidgeRacer Posted April 2 Report Share Posted April 2 (edited) It's official....Elk will be part of Vail resorts I'm a day late. Edited April 2 by RidgeRacer 1 Quote Link to comment Share on other sites More sharing options...
paul45 Posted April 3 Author Report Share Posted April 3 (edited) 15 hours ago, RidgeRacer said: It's official....Elk will be part of Vail resorts I'm a day late. Was pretty sure that was a joke. But I'm big enough to admit it, I checked the vail press release page to be sure. Now I get the day late comment... riiiight. Confusing since it was 2 days late I guess 🙂 Edited April 3 by paul45 Quote Link to comment Share on other sites More sharing options...
Ski2Live Live2Ski Posted April 3 Report Share Posted April 3 Hope it's Vail but would settle for anyone that is more a fan of skiing trees than of planting them. Quote Link to comment Share on other sites More sharing options...
paul45 Posted April 3 Author Report Share Posted April 3 2 hours ago, Ski2Live Live2Ski said: Hope it's Vail but would settle for anyone that is more a fan of skiing trees than of planting them. "Hope it's Vail"..... not sure if that was another April Fools joke, hahaha. Pros: Epic passes for 2/3rds the price of my Elk Passes this year. Cons: Literally everything else about Vail. No interest in spending my weekends standing in #epicliftlines 3 1 Quote Link to comment Share on other sites More sharing options...
GrilledSteezeSandwich Posted April 3 Report Share Posted April 3 (edited) 1 minute ago, paul45 said: "Hope it's Vail"..... not sure if that was another April Fools joke, hahaha. Pros: Epic passes for 2/3rds the price of my Elk Passes this year. Cons: Literally everything else about Vail. No interest in spending my weekends standing in #epicliftlines He hopes it’s Vail so he can go on his epic pass and probably also for much needed lift and infrastructure upgrades. It’s pretty sad that Blue is 70 miles south and 1,000 feet lower and has a longer season. I feel like Elk is far enough from the masses that it won’t get that crowded although I remember when @NMSKI went last year there were long weekend liftlines Edited April 3 by GrilledSteezeSandwich Quote Link to comment Share on other sites More sharing options...
paul45 Posted April 3 Author Report Share Posted April 3 6 minutes ago, GrilledSteezeSandwich said: He hopes it’s Vail so he can go on his epic pass and probably also for much needed lift and infrastructure upgrades. It’s pretty sad that Blue is 70 miles south and 1,000 feet lower and has a longer season. I feel like Elk is far enough from the masses that it won’t get that crowded although I remember when @NMSKI went last year there were long weekend liftlines Figured. But any private investor or otherwise non-vail-entity looking to drop $10-20M on Elk has gotta know they've got another $10-20 they need to spend on lifts and infrastructure. I just read the Schaefer family dropped $15M on improvements after they bought Catamount and that was for used fixed grips - just ones that aren't 70 years old (albeit, article didn't say if that $15m was all lifts or if there was snowmaking/lodge/etc... in there). So that's probably the minimum to make Elk's lifts reliable. Triple that if you think you're doing detachable. Elk actually had a couple rough weekends this year wrt lift lines. Some bad luck on weather (every other weekend being miserable really drove up the crowds on those interleaved good weekends) and then the weekend after President's day was BEAUTIFUL and not crowded..... until the Quad decided to smoke its hydraulics and was down for nearly a week. so... self-imposed "maintenance / 'Ole Joe is a stingy ole man" problems that time. Only a few weekends this season that were not-rainy AND cold enough it wasn't too slushy AND normal elk lines (i.e. none). Small investor with 1-2 other mountains. Make even a modest attempt at making the pricing competitive. Add an Indy Pass for bonus points. Make the lifts reliable. For 960 feet of vertical I could care less about detachable, they just need reliability. That would be the sweet spot for Elk. I'm not a tree guy, but if that's what it takes to get people out to make the competitive pricing reality, then great. Quote Link to comment Share on other sites More sharing options...
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