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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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Ski Helmet Use Research Team Receives Grant From Vermont Health Foundation

SAM Magazine--Burlington, VT, October 20, 2006-- The Vermont Snow Sports Research Team has received a $20,000 grant from the Fletcher Allen Community Health Foundation to expand its program to increase voluntary ski helmet use among children to prevent serious head injuries. The snow sport research team is a partnership of the University Of Vermon...

Lawsuit Challenges Wolf Creek Village Access Roads

SAM Magazine--Wolf Creek, Colo., October 20, 2006--Colorado Wild and the San Luis Valley Ecosystem Council have filed a lawsuit challenging the U.S. Forest Service's decision to allow two access roads accessing the proposed Wolf Creek Village to be built. Both groups contend that the roads, which would cross public lands, are only two dominos in th...

Salomon Heads to Utah

SAM Magazine-Portland, Ore., October 15, 2006--Salomon North America is expected to announce that the company will relocate from Portland, Oregon to Ogden, Utah in the summer of 2007. The move is part of a reorganization by Salomon's parent company, Finland based Amer Sports Corp, which will consolidate the groups North American holdings, which als...

Beaver Creek's Alpine Slide in Question

SAM Magazine--Beaver Creek, Colo., October 17, 2006--Plans by Vail Resorts to build an Alpine slide on Beaver Creek have local homeowners up in arms. The slide, proposed for Beaver Creek's Haymeadow area, has been aggressively opposed by local property owners, including the Beaver Creek Property Owners Association, with approximately 2,000 voicing ...

Shareholders Of Intrawest Approve Sale To Fortess

SAM Magazine--Vancouver, BC, October 17, 2006-- Fortress Investment Group is expected to become the new owner of Intrawest after Intrawest shareholders approved the sale of the company to the private investment firm. The deal, worth $2.8 billion needed the approval of two-thirds of Intrawest shareholders to be consummated. The decision to sell was ...

Arapahoe Basin First to Open in North America

SAM Magazine-Summit County, Colo., Oct. 13, 2006-This is what they were hoping for when they installed snowmaking four years ago. And today, for this year, they are the champions. Colorado's Arapahoe Basin beat out perennial champion Loveland for the first time, chalking up the earliest opening ever for the 60-year old area and claiming boasting ri...

Mammoth Fined in Patroller Deaths

SAM Magazine-Mammoth Lakes, CA., Oct. 11, 2006-Last April, a tragic accident at Mammoth Mountain resulted in the deaths of three ski patrollers. James Juarez, John "Scott" McAndrews and Charles Walter Rosenthal all died from a fall into a volcanic fumarole inside the ski area boundary. The California Department of Industrial Relations' Division of ...

Utah Launches

SAM Magazine--October 11, 2006--Ski Utah has announced a new initiative to combat global warming. Called KeepUtahCool.com, the new website offers information on global warming, how warming impacts the ski industry and what individuals can do to help combat global warming. In addition, the site also has coverage of what Utah ski resorts are doing to...

Ski Areas Get Greener

SAM Magazine--Lakewood, Colo., Oct. 10--The National Ski Area Association (NSAA) has announced that 45 ski resorts across the nation are currently buying green energy. The list of mountains that have taken this proactive step is diverse, and ranges from Aspen, Colorado to Okemo, Vermont. Green power is generated from renewable and nonpolluting en...

Controversy Dogs Reopening of Elk Meadows

SAM Magazine-Beaver, Ut., Oct. 5, 2006- CPB Development has proposed a $3.5 billion plan to local planning authorities for a Yellowstone Club-style resort at Elk Meadows, which hasn't operated for four years. Resort property owners, who would lose their access to the mountain, are rising in opposition. The resort, which opened in 1971, went ...

Vail Resorts Reports Record Net Income for 2006

SAM Magazine-Broomfield, Colo., Oct. 5, 2006-Vail Resorts, Inc. reported record net income of $45.8 million for the fiscal year ended July 31,2006 compared to net income of $23.1 million for fiscal 2005, a rise of 98 percent. Much of the increase stemmed from mountain operations, plus reduced depreciation and interest expense and a gain on the sale...

Group Led by Read Purchases Mt. Norquay

SAM Magazine-Banff, Alta., Oct. 3, 2006-An investment group which includes legendary Canadian skier Ken Read has purchased Mt. Norquay Ski Area outside of Banff. The group includes Read, who currently serves as president of Alpine Canada Alpin, the governing body of ski racing in Canada, as well as Stephen Ross of Devonian Properties in Canm...

Vail Brings Diversity In-House; Alpino Seeks "Opportunity"

SAM Magazine-Broomfield, Colo.-Sept. 29, 2006-Vail Resorts (VR) is creating a new program focused on ethnic youth in Eagle and Summit counties as well as the Front Range. The program is intended to expand on the Company's joint effort with Alpino over the past two years to introduce skiing and snowboarding and the winter mountain experience to peop...

Vail Arsonists To Plead Guilty

SAM Magazine-Eugene, Ore., Sept. 29, 2006-Chelsea Gerlach and Stanislas Meyerhoff, accused of involvement in arson that destroyed Vail's Two Elk lodge in 1998, have cut deals with prosecutors in exchange for consideration in their sentences and cases pending against them. Both individuals were part of a group of 13 individuals responsible for 18 se...

Sugarloaf Beefs Up Park, Racing, and Village, Adopts Biodiesel

SAM Magazine-Sugarloaf, Me., Sept. 28, 2006-As part of a $1 million summer makeover, Sugarloaf is enhancing its terrain parks, recreational racing facilities, and base village. A new terrain park, 400 feet wide and nearly a half a mile long, will accommodate a series of jumps, features and rails. "This new park will let us build bigger, better, ...