Toggenburg Mountain Sold

[CazMan26]

I still think that the potential is there to turn the facility into a moto X or mountain bike park ?

 

[Harvey]

So does this mean the covenant (no ski areas) is holding?

It seems kind of odd to describe lifts and snowmaking in that listing.

 

[tirolski]

Seems the asking price for Tog now is $2.9 million.
Was gold discovered?

S1406247 | cnyREALTOR, Central New York's Leading Real Estate Services.

Find Real Estate companies in Syracuse NY, Fayetteville, Dewitt, and other Central NY locations.

www.cnyrealtor.com

Maybe not gold but maybe because of the verbiage in the 4th attachment from the realtor.

1135 Toggenburg Road Fabius NY 13063 MLS #S1406247

newyorkland.forsale

Seems ya might be able to reopen Tog as a “full scale ski resort" for the new price.

It’s still a nice lake effected snowy bump.

 

[Emily]

I have no idea if $2.9M is a fair price or not, but I wonder how much equipment is remaining, as I know that Greek Peak took some of the snow-making equipment and vehicles from Togg. I'm guessing that Peter did the same for Lab and Song.

It looks like Togg is assessed for $926,600, so I hope the local tax collector reassesses Togg now that Peter feels it's worth $2.9M.

 

[Campgottagopee]

So does this mean the covenant (no ski areas) is holding?

It seems kind of odd to describe lifts and snowmaking in that listing.

Guessing that for 2.9 the covenant goes away.
His target audience is small, it will be interesting to see if anyone bites.

 

[tirolski]

Guessing that for 2.9 the covenant goes away.
His target audience is small, it will be interesting to see if anyone bites.

I’d wager Greek ain’t biting.

Snow Ridge folks maybe.
Stu interviewed their head honcho in April.

Podcast #80: Snow Ridge, New York Co-Owner & GM Nick Mir

Listen now (93 min) | “We could get two feet of snow here, and literally 15 minutes down the road they could have gotten a dusting"

www.stormskiing.com

He grew up skiing and working there and knows the place. His mother worked at Tog too.
Peter Harris sold Snow Ridge...

 

[tirolski]

Guessing that for 2.9 the covenant goes away.
His target audience is small, it will be interesting to see if anyone bites.

Price dropped a 1/2 $million to two point four.

 

[Campgottagopee]

Such a deal

 

[NYSkiBlog]

Attorney General James Takes Action Against Central New York Ski Resorts for Unfair and Illegal Practices

AG James Sues Intermountain for Buying Competitor and Shutting It Down to Reduce Competition Greek Peak Mountain Owner to Pay $195,000 for Illegal Noncompete

ag.ny.gov

 

[Brownski]

Wow. On one hand it sounds like they got them dead to rights but on the other, I hate to see any money getting sucked out of the resorts. Does that mean their covenant is reversed as well?