Toggenburg Mountain Sold

[tirolski]

IMO Lab has the best views as ya see mainly forests and a stream in the valley. The old cemetery is surrounded by the parking lot across the road behind the Last Run restaurant so it’s out of view when skiing.
Ya can see Otisco lake to the NW at Song which is nice.
Tog views were mainly of farmland and in winter it’s white.

 

[Campgottagopee]

Harris is shrewd , cold businessman

Anyone in biz has to make tough decisions, even one's that aren't popular.

he blindsided the locals tho, how could I figure that shit out and the locals had no clue? Putting a covenant so nobody can reopen it as a ski area, damn!

I don't think anyone is blindsided by Tog being liquidated. It totally sucks, and I'd be pissed too, really pissed, but the writing was on the wall.

I would like to know the sellers view as they must have been in cahoots with Harris ,

IMO the Meiers were / are looking out for their future, both immediate and long term.

 

[Campgottagopee]

IMO Lab has the best views as ya see mainly forests and a stream in the valley. The old cemetery is surrounded by the parking lot across the road behind the Last Run restaurant so it’s out of view when skiing.
Ya can see Otisco lake to the NW at Song which is nice.
Tog views were mainly of farmland and in winter it’s white.

I'm hopeful that this transaction gives Song/Lab a better chance to be open more.

 

[tirolski]

Putting a covenant so nobody can reopen it as a ski area, damn! I would like to know the sellers view as they must have been in cahoots with Harris ,

They both “win” as Greek’s owner said he bought Tog to get business to go Greek, allegedly.
Selling Tog with that covenant goes with the "If ya build it they will come” analogy to "if ya close it they will go somewhere else".

 

[Harvey]

We all make decisions in our own best interest, but they aren't publicly examined.

I have a fund in my 401k VTSMX - a "total market" fund. It owns every single publicly held company. That means I own good companies and companies that are pure evil. No one is calling me out for investing in those evil companies.

 

[Campgottagopee]

We all make decisions in our own best interest, but they aren't publicly examined.

I have a fund in my 401k VTSMX - a "total market" fund. It owns every single publicly held company. That means I own good companies and companies that are pure evil. No one is calling me out for investing in those evil companies.

Excellent analogy

 

[XTski]

Anyone in biz has to make tough decisions, even one's that aren't popular.


I don't think anyone is blindsided by Tog being liquidated. It totally sucks, and I'd be pissed too, really pissed, but the writing was on the wall.


IMO the Meiers were / are looking out for their future, both immediate and long term.

They both “win” as Greek’s owner said he bought Tog to get business to go Greek, allegedly.
Selling Tog with that covenant goes with the "If ya build it they will come” analogy to "if ya close it they will go somewhere else".

Yes I said earlier in thread it was a “win, win” (both owners) but not for the locals who perhaps could have found a possible buyer who could have kept Tog going, but if it’s was a deal made without much public notice that makes it an interesting story to find out the details

 

[Ripitz]

have a fund in my 401k VTSMX - a "total market" fund. It owns every single publicly held company. That means I own good companies and companies that are pure evil.

Exactly the reason I never got one

 

[XTski]

Hello everyone--I've read many of your posts over the years, and decided to finally join the fun. I've been following the Toggenburg saga, and concur that it is doubtful that Harris purchased Toggenburg only to close it down and eliminate the competition. While I can't speculate as to his financial situation, I would find it hard to believe that this is his strategy. He is not a large corporation with significant financial resources, in my opinion. Of course, I've been wrong before.

However, he certainly would have a competitive advantage if he owned three ski areas within a stone's throw from each other. That would make a season pass enticing to some.

Finally, given that Greek Peak and Toggenburg continue to sell season passes (Greekenburg), if Harris or Meier knowingly continues to sell passes with the plan of a closure, that becomes a criminal matter.

This is what shows how people were blindsided, how could I have figured it out and not this person who I assume has more local knowledge then I do since they seemed so sure, I have clients that could have invested in something like that to keep green spaces open, this place will eventually get developed for housing which maybe could have been prevented

 

[Campgottagopee]

This is what shows how people were blindsided, how could I have figured it out and not this person who I assume has more local knowledge then I do since they seemed so sure, I have clients that could have invested in something like that to keep green spaces open, this place will eventually get developed for housing which maybe could have been prevented

I read what Emily wrote differently. She used words like doubtful, hard to believe, and I've been wrong before. Those words and statements tell me, like the rest of us, that we were all hopeful that the rumors of Togg being closed and turned into housing was false. I don't equate that with blindsided as nobody is in shock over this. Just pissed.