Loc Posted November 11, 2009 Report Share Posted November 11, 2009 Abandoned Elk Meadows Ski Area is up for auction. This charming local ski resort about 3.5 hours south of Salt Lake City went bankrupt In 2004,. Elk Meadows has remained closed ever since, but not without other developers taking a stab at ski area management. http://www.onthesnow.com/news/a/9001/want-to-buy-a-utah-ski-resort-elk-meadows-on-auction-block Can it be done? Quote Link to comment Share on other sites More sharing options...
martyagt4 Posted November 12, 2009 Report Share Posted November 12, 2009 Damn, now if that lottery payment would come in I'd be set. Quote Link to comment Share on other sites More sharing options...
shawndoggy Posted November 12, 2009 Report Share Posted November 12, 2009 Loc, thanks for posting this. Elk Meadows/Mt Holly is near and dear to my heart. It's the first place that I ever rode a snowboard lift-assisted. Before that it was getting towed by my dad behind the snowmobile. Somebody posted a pic in the "steepest groomed runs in North America" thread last year of one of the runs at Mt. Holly. Downsides of this place. It's far from anywhere. It has very limited vertical, without going backcountry. Lifts are old. acreage is pretty small. And it's either steep or flat. Not much inbetween. Growing up in Las Vegas in the 80s, we were always hearing that Mt. Holly was the next big thing. Then they opened the easy chairs (Elk Meadows) and it was supposed to be right around the corner. Just never could make a financial go of it apparently. EDIT: yeah, here's that photo: Quote Link to comment Share on other sites More sharing options...
Allee Posted November 12, 2009 Report Share Posted November 12, 2009 You can do it with the support of enough dedicated locals. There's a number of 'club' fields in New Zealand that run on nothing more than volunteer support, a nominal club membership and cheap passes for the visitors. They're nothing fancy (some of them probably still have rope tows), but some of them are quite fun. Quote Link to comment Share on other sites More sharing options...
Algunderfoot Posted November 12, 2009 Report Share Posted November 12, 2009 Maybe the place isn't right but the idea is ripe. We have two small private hills here is SE WI, Warren Miller did it, why not. Interest rates are at an all time low, the only down side I see is the initial cost plus the cost of lifts & grooming (manpower, equipment & upkeep) vs the actual number of members that could be brought in. I just don't think there is enough of us in total, much less willing, to make it a viable plan. A lease option at an existing operation, for specific days or time periods might be more practical. Anyone ever thought of, or tried something like this? Quote Link to comment Share on other sites More sharing options...
scrapster Posted November 12, 2009 Report Share Posted November 12, 2009 Ooohhh, that run looks like a lot of fun! Another thought to kick around, folks could go the route of Mad River Glen (:AR15firinNo, not by banning snowboards!)--but by going coop and selling shares to members. Then again, that was keeping a continuously functioning resort afloat--not resurrecting a dead one. Quote Link to comment Share on other sites More sharing options...
shawndoggy Posted November 12, 2009 Report Share Posted November 12, 2009 You can do it with the support of enough dedicated locals. There's a number of 'club' fields in New Zealand that run on nothing more than volunteer support, a nominal club membership and cheap passes for the visitors. They're nothing fancy (some of them probably still have rope tows), but some of them are quite fun. That's one of the problems with this place, there are no locals. Beaver, UT (base of the mtn) is a very very tiny farm community/interstate truck stop. It's 3.5-4 hours from las vegas, and about the same from Salt Lake. you can understand why people from SLC don't want to drive south for a tiny resort with 30 year old lifts. My last visit was December 1989. On my cruise 165. Betcha it's pretty fun for back country. Quote Link to comment Share on other sites More sharing options...
Fastskiguy Posted November 13, 2009 Report Share Posted November 13, 2009 Maybe the place isn't right but the idea is ripe. We have two small private hills here is SE WI, Crystal Ridge and what's the other one? Grand Geneva? Quote Link to comment Share on other sites More sharing options...
bobdea Posted November 13, 2009 Report Share Posted November 13, 2009 it was done in NH and was snowboard only Quote Link to comment Share on other sites More sharing options...
Algunderfoot Posted November 13, 2009 Report Share Posted November 13, 2009 Crystal Ridge and what's the other one? Grand Geneva? Both Crystal Ridge and Grand Geneva are open to the public. The two private "members only" I was refferring to are Ausblick and Heiliger Huegel. There may be others. These two hils have snowbord restrictions (allowed after noon) Quote Link to comment Share on other sites More sharing options...
Fastskiguy Posted November 13, 2009 Report Share Posted November 13, 2009 Both Crystal Ridge and Grand Geneva are open to the public. The two private "members only" I was refferring to are Ausblick and Heiliger Huegel. There may be others. These two hils have snowbord restrictions (allowed after noon) Man, those places look cool! I wish I lived a little closer :( Quote Link to comment Share on other sites More sharing options...
yyzcanuck Posted December 3, 2009 Report Share Posted December 3, 2009 From the article posted HERE: Elk Meadows auction extended until 6 p.m. today Foreclosure sale » $1.5 million bid late Monday kept it going By Mike Gorrell The Salt Lake Tribune Updated: 12/01/2009 11:26:21 AM MST The online auction of Elk Meadows Ski Resort was extended until 6 p.m. today after a bid was submitted an hour before Monday's deadline. That offer of $1,580,000 -- an increase of $100,000 over the previous high bid -- remains far below the auction's suggested price of $5.1 million for the 1,138-acre resort, 18 miles east of Beaver in southwestern Utah. Grandiose plans to turn the ski area, closed since 2002, into an exclusive, gated resort worth $3.5 billion did not materialize. The owner, AMDS Holdings, obtained the property in a foreclosure proceeding after its Holladay-based developers, Mount Holly Partners, failed to pay off an $18 million debt, according to auction disclosure documents. Jeff Lunnen, auction manager for The LFC Group of Companies, said that if a bid is submitted before today's deadline, the auction will be extended again. When it resumes at 11 a.m. Wednesday, shorter deadlines will be implemented until no new bids are forthcoming. Quote Link to comment Share on other sites More sharing options...
cail Posted December 3, 2009 Report Share Posted December 3, 2009 hmmm... guess we should have jumped on the Silverdome and made an indoor slope. Quote Link to comment Share on other sites More sharing options...
yyzcanuck Posted December 14, 2009 Report Share Posted December 14, 2009 From the article posted HERE: Elk Meadows' seller, buyer have same address Foreclosure » Plans for $3.5B project east of Beaver fell apart. By Mike Gorrell The Salt Lake Tribune After an online auction, ownership of Elk Meadows ski area near Beaver has changed names but not addresses. Beaver County Recorder Bruce Brown said Friday that title to the 1,138-acre resort -- it has not operated since 2002 -- now is held by Bowman Asset Management, which listed its address as 24 W. 40th St. in New York City. That is in the same building as AMDS Holdings, which had put Elk Meadows up for auction last month after acquiring it in a foreclosure proceeding earlier this year from Holladay-based Mount Holly Partners. Mount Holly's principal figures had ambitious, but controversial, plans to turn the property in the Tushar Mountains, 18 miles east of Beaver, into a posh gated community with a private ski mountain, a Jack Nicklaus-designed golf course and multimillion-dollar residences. They claimed it would be worth $3.5 billion. But the development, approved by county officials but opposed by many residents who were turned off by its exclusivity, never materialized. When an online auction ended last week, the high bid was just under $1.6 million -- far below the property's suggested value of $5.15 million. Brown said Bowman Asset Management "did send the county enough money to pay back taxes and special service district assessments and clean all of that up. That's progress. AMDS hadn't done that. They were letting them go delinquent." He was referring to liabilities, described in disclosure documents for the online auction, of $85,000 to the county and $202,000 to the Elk Meadows service district. How this transaction impacts long-term plans for Elk Meadows is unclear. Officials of AMDS Holdings did not respond to a request for comment. Quote Link to comment Share on other sites More sharing options...
BulletProof Posted December 14, 2009 Report Share Posted December 14, 2009 How about Gray Rocks in the Laurentides? Gray Rocks 2322 Labelle, Mont-Tremblant, QC J8E 1T8, Canada The hotel and ski hill called it quits last season... Quote Link to comment Share on other sites More sharing options...
Skully Posted September 30, 2010 Report Share Posted September 30, 2010 Investor to reopen ski area Quote Link to comment Share on other sites More sharing options...
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