The covenant is the perplexing part, as we don’t know the details.
I am completely speculating, but would have to think that Meier required the covenant to prevent Harris from operating three ski areas, as well as preventing a third-party from reopening it if sold.
Then again, when Stu asked Harris if there was any possibility of re-opening Togg should crowds at Lab and Song warrant it, he said that nothing is off the table.
Harris didn’t really pay much for the place considering that he is getting snow cats and snow making equipment out of it. That right there might exceed $750,000 in value.
Given that for sale signs are up, it’s likely just a matter of time before we hear how much Harris is asking for it.
I am completely speculating, but would have to think that Meier required the covenant to prevent Harris from operating three ski areas, as well as preventing a third-party from reopening it if sold.
Then again, when Stu asked Harris if there was any possibility of re-opening Togg should crowds at Lab and Song warrant it, he said that nothing is off the table.
Harris didn’t really pay much for the place considering that he is getting snow cats and snow making equipment out of it. That right there might exceed $750,000 in value.
Given that for sale signs are up, it’s likely just a matter of time before we hear how much Harris is asking for it.