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Pacific Group Resorts, Inc. Submits Top Bid for Jay Peak at $76 Million
PGRI president and CEO Vern Greco shares his thoughts on the acquisition with SAM. SAM Magazine—Jay, Vt., Sept. 8, 2022—Pacific Group Resorts, Inc. (PGRI) made the highest and best final bid to buy Jay Peak, $76 million, following an auction with multiple bidders. PGRI president and CEO Vern Greco told SAM that after three years spent pursuing the acquisition, PGRI is poised to bring renewed stability to the resort and its staff, and tap into its passion and energy. The prevailing bid remains subject to approval by the United States District Court in Southern Florida during a final hearing scheduled for Sept. 16. Judge Darrin P. Gayles, who has presided over the receivership in federal...
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SAM Magazine-Park City, Utah, July 23, 2010-The U.S. Ski and Snowboard Association (USSA) will stage a showcase big air competition in Denver Jan. 25-26, just prior to the annual SIA Snow Show and the X Games in Aspen. The aim is to maintain the visibility of USSA athletes and highlight the addition of slopestyle and ski halfpipe to the list of USS...

SAM Magazine--Ski Areas of New York, Inc. (SANY) is announced that total skier and tubing visits for the 2009-2010 season were 4,118,000, which represents an increase of 1 percent over the 2008-2009 season. The increase in visits in NY is worthy of note as the northeast as a whole was down 2.7%. "Visits throughout New York, with a few exceptions...

SAM Magazine--July 22, 2010--Whether it was the abundance of snow that fell right into June, Ski Lake Tahoe resorts-Alpine Meadows, Heavenly, Kirkwood, Mt. Rose-Ski Tahoe, Northstar-at-Tahoe, Sierra-at-Tahoe and Squaw Valley USA reported a 17 percent increase in skier and snowboarder visits during the 2009-2010 season. With some resorts reporti...

SAM Magazine--July 22, 2010--The beleaguered development of a new ski resort in Minturn, Colorado--Battle Mountain--has been downscaled even further. Originally, the Ginn Co., bought the land and planned for a world-class ski area, golf course, condos, second homes and retail space, all of which was approved preliminarily by the town council in ear...

SAM Magazine-Rangeley, Maine, July 15, 2010-Saddleback, Maine, is offering a limited number of its new Decade Passes as part of its 50th anniversary celebration this upcoming season. The Decade Pass ($5,000) will provide unlimited skiing and riding for ten consecutive years. Only 50 passes will be available. "Saddleback is excited to offer this ...

SAM Magazine-Crested Butte, Colo., July 15, 2010-Gloria Manning, reviewing officer for U.S. Forest Service Chief Tom Tidwell, yesterday upheld two earlier decisions to reject a proposal by Crested Butte Mountain Resort (CBMR) to develop lift-served skiing on Snodgrass Mountain. The decision is the U.S. Department of Agriculture's final administrati...

SAM Magazine--July 15, 2010--Last night, July 14, ESPN presented its annual ESPY awards, honoring athletes across all sports, and skiing and snowboarding came out on top. Out of 35 awards chosen by the viewers, winter sports took home five: Best Female Athlete: Lindsey Vonn Best Male Action Sport Athlete: Shaun White Best Female Action Sport...

SAM Magazine-Durango, Colo., July 14, 2010- Tori Ossola, former VP of marketing for the Vermont Ski Areas Association, has been named managing director for Snow Monsters and NextSnow, the national ski and snowboard programs for kids with more than 100 affiliate resorts and industry members. "We have spent months redesigning both Snow Monsters an...

SAM Magazine-New Westminster, British Columbia-In response to the failure of a lift tower of Blackcomb's Excalibur Gondola in December 2008 due to ice jacking, the B.C. Safety Authority (BCSA) has issued new regulations intended to avoid a repeat incident. They are: 1. All operators of passenger ropeway installations must assure towers are fitte...

SAM Magazine--July 13, 2010--Nancy Cushing, retiring CEO of Squaw Valley Ski Corporation, Calif., announced the appointment of Andrew (Andy) D. Wirth to the position of CEO at Squaw Valley USA. Wirth will be responsible for all aspects of resort operations at Squaw Valley USA, and he will report directly to the Board of Directors at Squaw Valley Sk...

SAM Magazine-Baker City, Ore., July 12, 2010-The owners of Ski Anthony Lakes Mountain Resort have offered the assets of the ski area to the county government, including the rest of its 30-year Forest Service lease, the Baker City Herald reports. Skiers and businesses that rely on winter visitors back the idea. So does County Commission Chairman ...

SAM Magazine-Laramie, Wyo., July 12, 2010-Aaron and Becky Maddox are buying the Snowy Range Ski Area, which has been owned and operated by the First National Bank for the past two seasons. Terms of the deal were not disclosed. The husband and wife team are longtime skiers but new to the resort business. However, Aaron grew up in Steamboat, and p...

SAM Magazine-Snowmass Village, Colo., July 12, 2010- On Friday, July 9, District Judge Gail Nichols put the Base Village project at Snowmass into receivership. The move, effective today, July 12, transfers operational control from the Related Companies of New York to Destination Snowmass Services, Inc., a subsidiary of Lowe Enterprises of Los Angel...

SAM Magazine-Lakewood, Colo., July 8, 2010-Learn to Ski and Snowboard Month in January 2011 will have a new graphic look and messaging this season. The campaign is built around the theme, "Humans were never meant to hibernate." The ad campaign reaches out to current participants to "bring a friend" to try skiing and snowboarding, and encourages nev...

SAM Magazine--July, 7, 2010--The Burlington Free Press reported that a Vermont federal judge says Powdr Corp., the owner of Killington ski resort, doesn't have to honor 1,243 lifetime ski passes first issued to people who invested in the ski area almost 50 years ago ago. Powdr Corp. and SP Land Co. bought Killington in 2007 and announced the dec...