Magic Mountain trails are CLOSED for the season.
From: Magic Mountain Management LLC and SKI MAGIC LLC:
Magic Mountain Management LLC, the current entity owning Magic Mountain Ski Area, has again entered into formal negotiations with SKI MAGIC LLC for the purchase of the ski area, and both parties have signed a Letter of Intent outlining the terms of such purchase. The next phase is to conclude a signed Asset Purchase and Sale agreement followed by due diligence and a transaction closing. Both parties have agreed to move as rapidly as possible so as to begin the extensive work necessary on both the lifts and snow-making systems to make positive infrastructure improvements for the 2016-17 season. It is anticipated that SKI MAGIC LLC would take over ownership and operations by late June or early July. But, as with any business transaction, there is always some uncertainty. Both parties will do their best to keep Magic customers informed of progress along the way.
SKI MAGIC LLC is a group of investors, including a number of Magic skiers and area homeowners, committed to significant infrastructure investment in proportion to the business opportunity of a smaller ski area surrounded by major corporate resorts. Ski MAGIC LLC is committed to keeping what makes Magic special: unmatched ski terrain in southern Vermont; a “throwback” skiing experience without the soul-crushing crowds found at mega-resorts; and, most importantly, a laid-back, welcoming ski community “vibe”—all while providing new capital to turnaround what has held it back over the years: reliable snow-making and lifts over a longer season. The focus will be on the ski product. Pure and simple.
If the transaction proceeds smoothly, it is anticipated that Magic “early bird” season passes will go on sale under new ownership in July which will represent significant savings compared to surrounding resorts. Work will commence again in the near future to complete repairs to the Black Chair in coordination with the Vermont Tramway Authority as new ownership wants both summit lifts to be certified and operational at the start of the 2016-17 season. The future is looking brighter for Magic’s loyal customers if this transaction goes forward as planned. Much work needs to be done and the ongoing support and volunteerism of the Magic community will be enthusiastically embraced.
We will keep you posted on progress.
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