Industry News
Popular lift ticket discount site Liftopia is allegedly facing Chapter 11 Involuntary Bankruptcy, according to businessbankruptcies.com, with petitions being filed by Alterra Mountain Company and Mountain Collective Pass operator Aspen Skiing Company. Claims against Liftopia so far total $3-million for failure to pay commercial fees.
Chapter 11 Involuntary Petition Against a Non-Individual. Fee Amount $1717. Filed by Petitioning Creditor (s) Aspen Skiing Company, L.L.C., as Managing Member of the Mountain Collective, Alterra Mountain Company (attorney Joshua D. Morse), Cypress Bowl Recreations Limited Partnership (attorney Joshua D. Morse), Dundee Resort Development LLC (attorney Joshua D. Morse), Aspen Skiing Company, L.L.C., as Managing Member of the Mountain Collective (attorney Joshua D. Morse) (Morse, Joshua) (Entered: 06/02/2020)
According to the court docket, the petition was filed in California Northern Bankruptcy Court on June 2. Multiple petitioners have surfaced so far.
Liftopia is the leading provider of dynamic pricing and online ticket sales platforms for high volume ticketing businesses. Its pricing and online ticket sales platform, designed to maximize return on marketing spend, are used by over 120+ ski lift companies, water parks, and other attraction providers worldwide. Liftopia’s technology also powers Liftopia.com, the largest marketing and distribution platform for ski ticket products, rentals, lessons, and other mountain experiences.
So Aspen and Alterra are paying all of their bills on time right now? There is no way they are! No one is! Aspen essentially has unlimited capital from the Crown Family. Alterra has billions of PE money. Why beating up on small companies helping the ski industry during a pandemic for what is peanuts to them?!
I cannot fuc#%&*g believe it! This was my go to site for cheap early season tickets when I first went to Grand Targhee 4 winters ago. I wonder if the Covid got them?