Toggenburg Mountain Sold

[Campgottagopee]

It would be interesting to know how this "case" got in front of the AG.

 

[tirolski]

It would be interesting to know how this "case" got in front of the AG.

Is she able to be bought? I’d have to guess it’s cheaper than buying Togg.

Ya’d think they could’ve at least done their homework before bringing the thingy

 

[x10003q]

Is she able to be bought? I’d have to guess it’s cheaper than buying Togg.

Ya’d think they could’ve at least done their homework before bringing the thi

So the OAG recently summoned Intermountain to sell one their ski “resorts”.

It’s actually been for sale as a resort for $2.4 for a while.

Looks like Peter may have signed the papers for selling Togg as a ski “resort” for sale with a NYS licensed real estate broker on May 12th.

https://img.roveridx.com/Controls/_listing_attachments/nysamls/S1406590/Toggenburg%20Disclosures.pdf

Also from the realtor:.
Aug 3, 2022
Ski Togg (Again)! This spectacular offering is fully available as a ski resort. Dust off, freshen up, and get ready for next season. With the lifts, lodge, existing snow making equipment, and the opportunity to run as a full scale ski resort. Don't miss the chance to keep this local treasure open for generations to come! If skiing isn't your interest, but a rural event center or wedding venue is in your plans- this property has ample acreage, a 22,000+ retreat venue with parking for over 300 cars. The options are many! Solid block free-span building construction, outbuildings & breathtaking scenery. You can create a 4 season destination or a remote hub for a variety of ideas. Considering glamping sites? This could easily convert with a main lodge for events. Come see what a treasure awaits you!

Who does NYS’s OAG's research?
Don't they read the stuff in the NYskiblogmagazineforum thingy

 

[tirolski]

Yeah, there is no way this was put up for sale after Intermountain got a wiff of the NYS AG asking questions. They only bought it to close it and then, magically, they decided to sell it. Nothing to see here.

Guess we’ll just have to wait for the book and/or movie to find out.
Where’s John Grisham? He’s yet to write a skiing book.
He did do one on baseball.

 

[Campgottagopee]

Yeah, there is no way this was put up for sale after Intermountain got a wiff of the NYS AG asking questions. They only bought it to close it and then, magically, they decided to sell it. Nothing to see here.

Right after the Syracuse Area Ski Monopoly was created Tog property was put up for sale.

 

[Brownski]

I think X’s thesis is that the AG’s people came around asking questions and that Harris said “oh shit” and put it up for sale then so he could point to it and say “see- if anybody wants it they can buy it for 2.9 mil”.. that’s a plausible chain of events.

We’re all in reckless speculation mode now

 

[Campgottagopee]

I think X’s thesis is that the AG’s people came around asking questions and that Harris said “oh shit” and put it up for sale then so he could point to it and say “see- if anybody wants it they can buy it for 2.9 mil”.. that’s a plausible chain of events.

We’re all in reckless speculation mode now

It went up for sale in Aug of 21

Toggenburg Sold, New Owner to Close It, Sell Assets

SAM Magazine—Fabius, N.Y., Aug. 4, 2021—Toggenburg Mountain in upstate New York was acquired by Peter Harris, president of Intermountain Management, which

www.saminfo.com

 

[Brownski]

When did he stop with the covenant talk though?

 

[Campgottagopee]

When did he stop with the covenant talk though?

I don't know
As I stated much earlier covenant's are broken all the time. I know from experience.

 

[x10003q]

It went up for sale in Aug of 21

Toggenburg Sold, New Owner to Close It, Sell Assets

SAM Magazine—Fabius, N.Y., Aug. 4, 2021—Toggenburg Mountain in upstate New York was acquired by Peter Harris, president of Intermountain Management, which

www.saminfo.com

According to SAM article you highlight dated Aug 4,2021:
"Harris, who purchased the ski area from John and Christine Meier, owners of Greek Peak Mountain Resort, also in upstate New York, plans to close Toggenburg permanently and sell off the property and chairlifts separately."

There are also articles (including the SAM article below) stating that:
" he (Harris) said he would not entertain offers from potential buyers who wanted to reopen the mountain as a ski area, and there would be a covenant on the property preventing that. "

In a SAM article from Feb 24, 2022 Harris completely changes course and says the intact ski area is now for sale.

Shuddered Toggenburg Up For Sale

SAM Magazine—Fabius, N.Y., Feb. 24, 2022—Intermountain Management president Peter Harris acquired Toggenburg Mountain in August 2021 for $750,000, and imme

www.saminfo.com

The actual quotes from Harris and the complete reversal of his "Togg closure" business plan 5 months (Feb, 2022) after he purchases Togg (Aug, 2021), really makes no sense, unless he became aware of the NYAG's actions. NYS might not have had a case if he just closed Togg, but the anti-poach agreement gave the NYAG a reason to pursue the transaction. It seems Harris reacted to the NYAG starting to investigate the transaction. We see that the Meiers have not fought the AG on the $195k penalty which confirms your (Camp) positive statements about the Meiers and confirms that the transaction was tainted.