Receiver for Jay Peak Resorts Declines $93 Million offer from Bellwether Asset Management and Elicits Further Investigation In the spring of 2014 the Securities and Exchanges Commission (SEC) began investigation and a trial against Bill Stenger and Ariel Quiros. Stenger and Quiros are two major developers who took part in a large portion of the redevelopment for Jay Peak Resorts and its affiliates as well as other projects in the Northeast Kingdom and facilities throughout New England […] Dylan Cautela | September 8, 2016 0 Comments
CA Ski Resorts Are Struggling Financially | Will They Get Bought Out By Vail? California ski resorts are struggling to make ends meet right now. They’ve been struggling to make ends meet for the past 3 winters. In 2011/12 Tahoe received 80% of average snowfall. In 2012/13, Tahoe received 50% of average snowfall. Thus far in 2013/14, Tahoe has received less than 40% of average snowfall. These low snowfall numbers have translated into very low skier visits and very low revenue for California ski resorts (Mammoth […] SnowBrains | January 29, 2014 11 Comments
Russia Releases “Snowboard Money” | 100-Ruble Note To commemorate the 2014 Sochi, Russia Winter Olympics Russia has created a 100-ruble note that has a snowboarder getting big air, smiling, saying “broooo”, and pulling off an old school grab. The boarder is flying through the air over what appears to be some of the Olympic stadiums in Sochi? On the back of the note is Fisht Olympic Stadium. 100 rubles is about $3 USD. […] Olympics SnowBrains | November 19, 2013 2 Comments
“Colorado Ski Towns Get Ready for Legal, Recreational Marijuana Sales” – Huffington Post The Huffington Post just published this article about how Colorado is getting ready to make big money off Marijuana sales this upcoming ski season. They’re getting ready to go green. Colorado Ski Towns Get Ready For Legal, Recreational Marijuana For The Upcoming Season Forget the shot-skis, thanks to the passage of Amendment 64, Colorado ski towns are bracing for pot-skis. Ski […] SnowBrains | October 2, 2013 2 Comments
$8 Million in Improvements at Squaw & Alpine for 2013/14 | Exactly Where That Money is Going: Squaw Valley has announced that they will be putting $8 million of improvements in to Squaw & Alpine in the coming winter season. They’ve already put $38 million into base area and on-th-hill improvements in the past 2 years. 2013/14 SQUAW ALPINE IMPROVEMENTS: – $2 million for more snow making capabilities for both resorts – $1.4 million for 5 new […] SnowBrains | June 11, 2013 14 Comments
Olympics
