Toggenburg Mountain Sold

[Emily]

There was an article on it not being profitable, but I couldn’t find it. This is as close as I could find:

“Money saved from Toggenburg expenditures, which was not profitable, will be used for existing and new projects at Greek Peak such as a lookout wedding venue that will be able to hold 300 to 400 people and provide views of the mountain and Hope Lake, Meier said.”

The $750,000 sale price has been floating around all over the place, but I don’t recall anything being said definitively by either the buyer or seller.

 

[Benny Profane]

When is the high speed train coming to the Daks?
China put one in for the 22’ Olympics scheduled there this winter.

They built that venue in a place where IT DOESN'T SNOW. Notice all the brown in the winter "practice" clips? So, great, they'll not only have a crumbling ghost facility in ten years, you'll be able to get there on a shiny fast train. Just like to the millions of empty condo towers scattered all over the country in ghost cities.

I'm proud not to have watched one second of this last Olympics. It's become such an absurdity. Such greed and corruption. So maybe it should permanently reside in China. Would fit in well.

 

[Campgottagopee]

lookout wedding venue

That thing is going to be beautiful!!

 

[Brownski]

Do we know for sure the sale price was $750K? Not that it would matter, more curious than anything.

Were they? I haven't read all the articles on the sale but the couple that I did didn't mention the reason for the sale. The only thing I read was they were approached with an offer and they took the deal.

750 was reported in at least one of the stories. The only reason given was that Meir wants to concentrate on Greek. Nobody said Tog was making or losing money either way.

 

[Emily]

Nobody said Tog was making or losing money either way.

“Money saved from Toggenburg expenditures, which was not profitable, will be used for existing and new projects at Greek Peak such as a lookout wedding venue that will be able to hold 300 to 400 people and provide views of the mountain and Hope Lake, Meier said.”

 

[Campgottagopee]

“Money saved from Toggenburg expenditures, which was not profitable, will be used for existing and new projects at Greek Peak such as a lookout wedding venue that will be able to hold 300 to 400 people and provide views of the mountain and Hope Lake, Meier said.”

To be fair, "not profitable" doesn't equate to "losing money".

Anyway, how far of a drive do you have to ski your home hill?

 

[Brownski]

“Money saved from Toggenburg expenditures, which was not profitable, will be used for existing and new projects at Greek Peak such as a lookout wedding venue that will be able to hold 300 to 400 people and provide views of the mountain and Hope Lake, Meier said.”

I guess I stand corrected, though that does leave the possibility that it’s breaking even or just making a little.

 

[Emily]

To be fair, "not profitable" doesn't equate to "losing money".

Anyway, how far of a drive do you have to ski your home hill?

That’s a good point about the profitability. I could’ve sworn there was another article more detailed, but could not find it.

We used to own a condo at Greek Peak for many years, but sold it and moved on to other mountains. We ended up missing the place so came back to Greek Peak. We were going to buy another condo, but instead simply come up on the weekends and grab a hotel room. We are up just about every weekend during ski season.

 

[Campgottagopee]

I have a crazy feeling that they are going to do the installation themselves, otherwise they would have a contractor in there now working on it. Wes said that it was going to happen this summer, but maybe it’s been put on hold again in order to finish up the campground and wedding pavilion.

Guessing that the pandemic may also be a factor in the delaying of the lift installation. It's certainly delayed virtually everything else (shutdowns, worker shortages, parts etc etc), so it makes sense to me that could be playing a factor. I'd be surprised if GP installed that themselves. We used to do things that way, stepping over dollars to pick up pennies, but it seems to me those days are behind us.

 

[Emily]

Guessing that the pandemic may also be a factor in the delaying of the lift installation. It's certainly delayed virtually everything else (shutdowns, worker shortages, parts etc etc), so it makes sense to me that could be playing a factor. I'd be surprised if GP installed that themselves. We used to do things that way, stepping over dollars to pick up pennies, but it seems to me those days are behind us.

I sure hope you are right, and the days of Greek Peak trying to save a few bucks are behind us. Hopefully they learned their lesson with the chair 1A installation.

I have a feeling their priorities are on the wedding pavilion and campground this year. It looks like they’re focusing on that side of the street.