mountain creek chapter 11

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JasonWx JasonWx
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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
 
"Peace and Love"
Brownski Brownski
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Re: mountain creek chapter 11

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...
JasonWx JasonWx
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Re: mountain creek chapter 11

In reply to this post by JasonWx
yikes
missed it
"Peace and Love"
Brownski Brownski
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Re: mountain creek chapter 11

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?
Z Z
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Re: mountain creek chapter 11

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.
"It is better to go skiing and think of God, than go to church and think of sport."
Artic Explorer Fridtjof Nansen
PeeTex PeeTex
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Re: mountain creek chapter 11

Must be all those detachables and massive snowmaking. To bad our boy genius is not around anymore to give us his expert opinion.
campgottagopee campgottagopee
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Re: mountain creek chapter 11

In reply to this post by Z
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
x10003q x10003q
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Re: mountain creek chapter 11

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.
raisingarizona raisingarizona
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Re: mountain creek chapter 11

Haha. Dirty Jerzy
Brownski Brownski
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Re: mountain creek chapter 11

raisingarizona wrote
Haha. Dirty Jerzy
Hahaha... love this. Really explains it all
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