Toggenburg Mountain Sold

[Emily]

And it all went back into the ski side of the operations

You just showed your cards ---- welcome back RJ1972

I'm confused???

 

[x10003q]

If You Haven’t Skied Toggenburg Yet, You Never Will

Owner of nearby Labrador and Song ski areas buys and closes neighbor

www.stormskiing.com

This writer should have avoided the comments about ORDA's capital expenditures. I cannot stand ORDA, but NYS did not spend $144.5 million in the last fiscal year on the ski areas. ORDA is spending money on the other perennial money losers that surround Lake Placid - like Mt Van Hovenburg, Speed Skating and the Jumping Center. While Vail's CAPEX number for 2021 maybe $120 million, here are Vail's CAPEX for the prior 4 years (2020,2019,2018,2017):

Annual Capital Expenditures (in millions $)​

$172.33

$192.04

$140.61

$144.43

Vail spends every year (as they should), unlike ORDA. The ORDA/Vail CAPEX comparison is just not valid. By the way, Vail's CAPEX is down this year due to COVID.

“Why is New York in the business of running ski areas?” said Meier. “They run everything inefficiently – what makes us think they could run a ski area more efficiently? When they have a budget gap, people like us get wiped out, or we have to go beg, borrow, steal money somewhere to do a new lift or a new snowmaking project, but the state bails them out with the new gondola. It's frustrating.”

These whiny comments are just weak excuses when there is failure. NYS has been in the ski business since the late 1940s. Stop crying about it, sell out or change the NYS Constitution. We have all watched ORDA delay replacing lifts by years, sometimes stretching into a decade. Lets not pretend that ORDA has gold plated the ski areas. Gore still has trouble opening Burnt Ridge much before mid-January unless there is big natural snowfall.

Here is more nonsense:
“It's a little disheartening to see [ORDA’s] capital budget,” Harris said. “It's a little disheartening to see their [relatively low] lift ticket prices. It's a little disheartening that they're advertising right in my backyard.”

Again with the capital budget. What this guy does not realize is Gore advertising is competing with SVT for skiers.

The bottom line is skiing is a crap business. I wish NYS was not in the ski business or in the winter sports venue business, but that will never change in our lifetimes. Watching ski area owners whine about NYS is boring and lame, especially when they have been successful in running their ski areas.

 

[Campgottagopee]

I'm confused???

No you aren't

 

[Emily]

No you aren't

I simply wanted to join in on the Toggenburg/Greek Peak/Song/Lab discussion. If you want me to be somebody else, sorry about that. I can't help you there.

 

[Campgottagopee]

The bottom line is skiing is a crap business. I wish NYS was not in the ski business or in the winter sports venue business, but that will never change in our lifetimes.

Is there any other business where the NYS directly competes against a sole proprietor?

 

[Campgottagopee]

I simply wanted to join in on the Toggenburg/Greek Peak/Song/Lab discussion. If you want me to be somebody else, sorry about that. I can't help you there.

LOL

 

[Campgottagopee]

The other reality is that the $10M was a drop in the bucket compared to some of the unfortunate luck that fell on GP in the form of the flood that swept through the base area shortly after Meier and Stemmerman purchased the resort. This allowed their insurance company to pick up the costs of the entire ground-level renovations in the Katalima, Taverna, rental center (including new equipment), tuning/repair shop, Adaptive Center, Juntior Ski/Ride Center, and so on. Insurance also paid for a new main pump house and equipment. Then a few years after that, disaster struck again, which resulted in their insurance carrier replacing the chair 4 pumphouse and equipment. Finally, a fire destroyed their storage barn last year on Page Green Road that landed them a new storage facility right next to the Alpha Slope lift. I don't wish this level of destruction on anybody, but they did end up with millions of dollars in new facilities and equipment, as the result of the multiple disasters.

RJ1972 regurgitated this verbatim on the old forum. Must be a coincidence, right?

 

[x10003q]

Is there any other business where the NYS directly competes against a sole proprietor?

Golf courses, skating rinks, money lending/borrowing, marinas, SUNYs, convention venues, pools, gyms, lakes, commercial RE, parking facilities, I am sure there are more examples.

 

[Emily]

RJ1972 regurgitated this verbatim on the old forum. Must be a coincidence, right?

I have no idea. Old forum? I'm new to the forum. I'm just citing facts.

 

[Campgottagopee]

Golf courses, skating rinks, money lending/borrowing, marinas, SUNYs, convention venues, pools, gyms, lakes, commercial RE, parking facilities, I am sure there are more examples.

Lol
Ok, ok
I guess these ski area owners are whiny lil bitches ?