mountain creek chapter 11

isn't this a shame

WSJ Pro Bankruptcy: Mountain Creek Resort Inc., a New Jersey ski resort less than two hours from Manhattan, has filed for
2017-05-16 19:52:49.905 GMT

Mountain Creek Resort Inc., a New Jersey ski
resort less than two hours from Manhattan, has
filed for bankruptcy on.wsj.com/2rd0ubO
WSJ Pro Bankruptcy @WSJBankruptcy
 

Harv put this link in the conditions thread earlier
http://www.nj.com/sussex-county/index.ssf/2017/05/mountain_creek_reportedly_files_for_bankruptcy_loc.html
Pretty amazing...

yikes
missed it

Is this just gross mismanagement? I've never been there when the place wasn't completely packed, literally elbow to elbow. My son skied there the last two years and apparently that hasn't changed. I understand the weather issues but it seems like they sell an awful lot of tickets anyway. How do they lose money?

MC has been plauged with mismanagement, lawsuits and even its owner being convicted of fraud going back decades.

When Intrawest dumped them that was a sign that even the top ski area management firms in the world couldn't make this place profitable.  The season is too short. It's never going to be a 4 season resort.  Like Belleryre it's a day area and can't support hotels.  Trying that is never going to work and only will dig a deeper hole.

Must be all those detachables and massive snowmaking. To bad our boy genius is not around anymore to give us his expert opinion.

Coach Z wrote

 

When Intrawest dumped them that was a sign that even the top ski area management firms in the world couldn't make this place profitable.  The season is too short. It's never going to be a 4 season resort.  Like Belleryre it's a day area and can't support hotels.  Trying that is never going to work and only will dig a deeper hole.

I've been watching this for a few years now right here in CNY

Standard operating procedure for the ownership group. They were the previous owners who ran it into the ground before Intrawest bought it in 1998. They are always smarter than the local government and always walk the legal line. It looks like Vernon Township is going to take a beating on this one.

Haha. Dirty Jerzy

raisingarizona wrote

Haha. Dirty Jerzy

Hahaha... love this. Really explains it all

Haters.

Harvey wrote

Haters.

Aw... Sorry man

Snoloco, you done with School? Maybe tell us what you think.

Snoloco stopped spending all his Dad's money there last year... coincidence?

@ Harv:  + 1.  Pre child, I used to go to Mt Creek in summer for lactic threshold intervals.

Operation of Mountain Creek has now been farmed out to SNOW Operating.  They are the operator of Killington, Jay Peak, Jiminy Peak, Bromley, and Camelback just to name a few.  If you've seen any resort with the "Terrain Based Learning" program, that program was developed by this company.

They just announced a 5 million dollar investment in snowmaking over the next 5 years.  Definitely the most important thing when running a ski area in NJ.

Being a New Jersey local you definitely know best.

Read my signature line.

Pure gold!

Interesting that Halley Obrien created the promo video. She was an intern at Mountain Creek years ago after she graduated from college. She now has a media marketing firm in Boulder, CO.