Vail Resorts to face tough questions over Mount Sunapee purchase

Vail Resorts to face tough questions over Mount Sunapee purchase

NEWBURY, N.H. — Forward of subsequent week’s assembly on Vail Resorts proposed takeover of the Mount Sunapee ski space, some involved residents need assurances that the park might be protected.

Vail introduced June four that it could be buying the working rights to a few ski areas owned by the Mueller household: Sunapee, Okemo in Vermont and Crested Butte in Colorado. The acquisition worth is $82 million.

In New Hampshire, the lawyer normal’s workplace says the deal can’t proceed with out state approval. Thus, a public listening to might be held Wednesday night on the resort’s Sunapee Lodge in Newbury.

The sale has some supporters of the park nervous. They’re anticipated to name on Vail to make sure that its takeover contains plans to supply inexpensive out of doors recreation whereas defending the park’s pure assets.

“As we transfer ahead into the subsequent chapter of Mount Sunapee State Park’s future, it’s vitally essential for the proposed new operator and leaseholder, to assist non-fee primarily based and balanced public use of our park,” mentioned Steve Russell, the president of Mates of Mt. Sunapee, which advocates for the safety of Mount Sunapee State Park.

“Offering inexpensive out of doors recreation and preserving our state’s pure assets together with Mount Sunapee’s uncommon and historic forests are achievable targets,” he added.

Vail’s buy of the Sunapee and Okemo ski areas would bolster the corporate’s holdings on the East Coast following final yr’s $41 million deal to buy Stowe Mountain Resort in Vermont. The corporate at the moment owns 11 mountain resorts and three city ski areas principally in the USA.

“In New England, the place we’re at the moment solely represented by Stowe Mountain Resort, the addition of Okemo’s family-oriented applications and Mount Sunapee’s distinctive location lower than 90 minutes from Boston will create a regional hub that can drastically improve the expertise and number of choices for our visitors,” Liz Biebl, director of Model Communications for Vail Resorts, mentioned.

As soon as the purchases are finalized, Biebl mentioned the corporate is planning to take a position $35 million over the subsequent two years in Sunapee, Okemo, Crested Butte. The corporate can be shopping for Stevens Move Resort in Washington.

“Upon closing of the acquisitions, we plan to evaluation and be taught extra concerning the particular operations at every resort, take heed to key stakeholders and decide what is going to present the best profit to our visitors,” Biebl mentioned.

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