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Thread: Crystal Mountain Becomes Alterra
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10-05-2018, 04:29 PM #126
Three Stooges of Mt Dweebus A-Lot
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10-05-2018, 04:44 PM #127
Maybe a park-in instead? chain your vehicles to each other and buckets of concrete in protest?
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10-05-2018, 04:44 PM #128
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10-05-2018, 04:56 PM #129
I sold mine.
Merde De Glace On the Freak When Ski
>>>200 cm Black Bamboo Sidewalled DPS Lotus 120 : Best Skis Ever <<<
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10-10-2018, 12:06 PM #130
Just received my upgrade from anytime Crystal pass to Ikon pass. It appears to be the full Ikon pass and not the base Ikon pass. Free but still required a credit card number to get the free pass.
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10-17-2018, 11:32 AM #131Registered User
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The founders club meeting was very interesting and had a much larger than normal turn-out. I still wonder why any resort owner wants to be involved in owning a resort where you have an annual line item liabitity of excess of $1.8 million right off the top (23,500 shares at 1 adult day ticket/ share/season). Retiring these shares would be nice for the owner, but could run to around $30 million with any premium one would have to offer. And it could be more than the 150% that I used in my hypothetical.
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10-17-2018, 11:43 AM #132
Anything notable from the meeting?
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10-17-2018, 12:06 PM #133Registered User
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Alterra wasn't there, so their interests were represented by by the Kirschers. They explained how the sale came about, the reasons and why it was such a surprise. Their reasons were the same as given up thread, and the secrecy was due to disclosure.
I still have no idea about the Ikon Pass and people who bought a Crystal pass prior to the sale, the mechanics of how a Ikon pass holder will use their pass at the resort, and if a Founder Club season pass has the same access at other areas as a Ikon Pass. I get the feeling that at present, founders club ticket privileges have no financial reciprocity with the Ikon system. As explained, and which I agree with the reasoning behind, Ikon Pass monies go to a separate account and then are distributed proportional to their use at each resort. Because the Founders privilege has no money involved, there is nothing to add to this pool and it would be a accounting nightmare to institute it. I would imagine that Founders will be able to purchase an Ikon Pass in the future, but at a discount. There must be some real money contributed to the pool for it to function, otherwise you could see some partner resorts (not members of Alterra) withdraw.
And there was an old lady there who I think wanted to punchout John Kircher. She was pissed.
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10-17-2018, 12:32 PM #134
She’s going to have to get in line. There isn’t any love lost with the Kirchers leaving.
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10-17-2018, 12:40 PM #135
I'm still finding the sale odd, especially after K bought Crustal and pumped money into the snowmaking system among other stuff.
If revenue being questionable is the rationale for the sale, why the purchase?Merde De Glace On the Freak When Ski
>>>200 cm Black Bamboo Sidewalled DPS Lotus 120 : Best Skis Ever <<<
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10-17-2018, 12:43 PM #136Registered User
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10-17-2018, 12:51 PM #137Registered User
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I don't know if it was revenue, but maybe future revenue? And Stevens being partnered with Whistler/Blackcomb could give them a leg up, if you accept they are fighting for the same market. Which I don't believe, they are fighting for the same submarket of the eastside maybe.
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10-17-2018, 12:56 PM #138
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10-17-2018, 12:58 PM #139
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10-17-2018, 01:14 PM #140Registered User
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10-17-2018, 01:20 PM #141
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10-17-2018, 01:28 PM #142
Who is making the argument that the market for skiing in the Northwest is NOT growing? The supply seems to be awfully static.
Merde De Glace On the Freak When Ski
>>>200 cm Black Bamboo Sidewalled DPS Lotus 120 : Best Skis Ever <<<
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10-17-2018, 01:35 PM #143Registered User
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10-17-2018, 01:37 PM #144Registered User
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10-17-2018, 01:45 PM #145Merde De Glace On the Freak When Ski
>>>200 cm Black Bamboo Sidewalled DPS Lotus 120 : Best Skis Ever <<<
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10-17-2018, 02:01 PM #146
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10-17-2018, 02:29 PM #147Registered User
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In regards to the stagnant skier market for the last forty years
http://www.nsaa.org/media/303945/visits.pdf
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10-17-2018, 06:21 PM #148
Is that just a resort measurement or does it count the people that have left the resorts because the lines have gotten so bad?
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10-17-2018, 07:02 PM #149Registered User
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I would have to believe that it is only a measurement of tickets sold. Given that this is a discussion of a ski area and the finances of that business, the metric would be aplicable. But your point is absolutely spot on regarding the growth of AT.
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10-17-2018, 07:10 PM #150
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