Audit Shows New York’s Olympic Authority Lost Record $50 Million in Fiscal 2025 The Olympic Regional Development Authority, which operates New York’s major ski areas and Olympic sports facilities, posted a record $50.15 million loss in the fiscal year ending March 31, 2025, according to an independent audit by EFPR Group. The authority, based in Lake Placid, oversees Belleayre, Gore Mountain, Whiteface Ski Area, and Mount Van Hoevenberg. Revenues rose by $6 million […] Industry News Martin Kuprianowicz | August 12, 2025 0 Comments
Toggenburg Mountain, NY Closes After 68 Years of Operation Toggenburg Mountain in Fabius, New York has officially been sold—and its new owner plans to close it down for good. The small ski area—which has two lifts, three t-bars, and 21 trails—was in business for 68 years until it sold to Peter Harris this week, the president of Intermountain Management (also known as SkiCNY.com) and the owner and operator of […] Industry News SnowBrains | August 4, 2021 0 Comments
Price of Oil Nose-Dives Below Zero for First Time in History “Almost by definition, crude oil has never fallen more than 100%, which is what happened today,” said Dave Ernsberger, global head of pricing and market insight at S&P Global Platts. Of all the recent financial market crashes as a result of COVID-19 related shutdowns, none caught as many off guard as did the crash of the U.S. oil market today […] SnowBrains | April 22, 2020 0 Comments
Vail Resorts: Earnings are WAY Up This Quarter Day lift passes at Vail Mountain, Colorado and neighboring Beaver Creek will hit $219 a day during the holiday season, the most expensive walk-up lift passes in the country. Related: Vail and Beaver Creek, CO Will Charge $219 for a Walk-Up Lift Ticket this Holiday Yesterday, Vail Resorts reported that season pass sales through December 2 for the current North American […] Industry News SnowBrains | December 11, 2019 1 Comment
Backcountry.com Is Suing Anyone Who Uses Its Namesake: Is This Fair? The e-commerce behemoth Backcountry.com is suing small business owners that have trademarked the word “backcountry”. A year ago, Backcountry.com filed for trademarks protecting the word “backcountry,” on their outdoor gear. Since then, the company has filed dozens of lawsuits and protests within the U.S. Patent and Trade Office targeting businesses that have trademarked the word “backcountry.” The fairness of this […] Industry News SnowBrains | November 5, 2019 10 Comments
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