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Thread: Whistler 23-24

  1. #76
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    Feb 2005
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    Quote Originally Posted by nickinbc View Post
    Not quite Whistler, but it looks like Garibaldi at Squamish might be done for:-

    A receiver is being appointed after two companies involved in the delayed development of a ski and snowboard resort near Squamish defaulted on loans.

    B.C. Supreme Court Justice Paul Walker heard the petition from Aquilini Development LP (ADLP), Garibaldi Resort Management Co. Ltd. (GRMC),and 1413994 B.C. Ltd. on Monday in Vancouver.

    They applied for the appointment of Ernst & Young to manage Garibaldi at Squamish LP (GAS LP) and Garibaldi at Squamish Inc. (GAS Inc.).

    Walker said he was “satisfied the order should go” and set Jan. 15 as the next court date.

    The petition was filed Sept. 22, almost two months after the lawyers for the petitioners demanded immediate payment of the $65 million owing as of May 31, including interest and legal costs.

    “GAS has failed or neglected to pay the amount demanded (or any part thereof) to the petitioners,” said the petition.

    https://www.castanet.net/news/BC/460...quamish#460759
    https://www.castanet.net/news/BC/460...-near-Squamish

    Is the Url fyi

  2. #77
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    Dec 2006
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    bestcoast
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    sooo, who owns GAS LP? and a mix of Aqualini's and Gaglardi's are on GAS Inc. board? and ADLP is senior Aqualini? what a mess. I do know they're actively working on their environmental permit requirements, fwiw.

  3. #78
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    Quote Originally Posted by nickinbc View Post
    Not quite Whistler, but it looks like Garibaldi at Squamish might be done for:-

    A receiver is being appointed after two companies involved in the delayed development of a ski and snowboard resort near Squamish defaulted on loans.

    B.C. Supreme Court Justice Paul Walker heard the petition from Aquilini Development LP (ADLP), Garibaldi Resort Management Co. Ltd. (GRMC),and 1413994 B.C. Ltd. on Monday in Vancouver.

    They applied for the appointment of Ernst & Young to manage Garibaldi at Squamish LP (GAS LP) and Garibaldi at Squamish Inc. (GAS Inc.).

    Walker said he was “satisfied the order should go” and set Jan. 15 as the next court date.

    The petition was filed Sept. 22, almost two months after the lawyers for the petitioners demanded immediate payment of the $65 million owing as of May 31, including interest and legal costs.

    “GAS has failed or neglected to pay the amount demanded (or any part thereof) to the petitioners,” said the petition.

    https://www.castanet.net/news/BC/460...quamish#460759
    70M in the hole!

    Well that sucks. Really need a resort to the S to suck up some traffic. Woulda provided some great access too.

    Maybe they should throw some cash Oberto’s way and get that resort on the go.



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  4. #79
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    Oct 2003
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    Seattle
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    From Saturday afternoon.

  5. #80
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    Jan 2004
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    North Vancouver
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    "assigned and transferred all of its interest"

    Sounds like a bunch of LLC shuffling so they can squirm out of the debt and leave someone holding the bag.

  6. #81
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    Nov 2007
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    London Mountain
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    Garbage conditions today. 50 mm of rain to the Peak overnight. Slush this morning, refreezing throughout the day. More bare patches on the lower mountain. It felt like early May conditions up there today. Not much snow in the forecast. Boooo

    On the plus side the rain probably washed away all the buried surface hoar and facets in the snowpack.

    (Harmony might open this weekend)

  7. #82
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    Oct 2003
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    Seattle
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    I left yesterday at noon and it was dumping snow all the way down to the valley, but I figured that wouldn't last. Actually some pretty good skiing. I guess I left at the right time. Drive home was a bit soggy.

  8. #83
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    Not terrible. Trees had snow to 1400m

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  9. #84
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    Oct 2010
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    That was from today?

  10. #85
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    Nov 2007
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    London Mountain
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    Hell yeah. A couple more cm’s then forecast. Decent

  11. #86
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    Quote Originally Posted by nortonwhis View Post
    That was from today?
    Yah - surprised me too. Not even windloading on a small discrete aspect. It's just off Green chair

  12. #87
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    Nov 2010
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    Up to 25min to download at Whistler gondie mid today. Without a ski out it might be a pain on the weekend.


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  13. #88
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    Dec 2010
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    60

  14. #89
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    Oct 2010
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    Nice. Thats a pretty huge effort to get that running in time for the holidays.

  15. #90
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    Snow is good! It's fast and gets a touch warm as you get to Mid gondie upland. Fun softish cruisingClick image for larger version. 

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  16. #91
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    And now it's sloppy and warm
    Click image for larger version. 

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  17. #92
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    Dec 2005
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    STL
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    Rock skis or good skis?

  18. #93
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    Quote Originally Posted by Cono Este View Post
    Rock skis or good skis?
    Water?


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  19. #94
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    Dec 2010
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    Does anyone remember when peak alpine opened last Dec 2022? Buddy thinks it was 2nd week of Dec.
    I remember Oct/Nov was super dry, then just before Xmas, when Creekside was stalled, we got record snow and cold storms down to sea level.

  20. #95
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    Nov 2007
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    London Mountain
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    Peak opening is imminent. My sources say today or tomorrow

  21. #96
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    Quote Originally Posted by Clownshoe View Post
    Peak opening is imminent. My sources say today or tomorrow
    Well that should keep ya a bit more busy…….w 10/40s


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  22. #97
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    Feb 2005
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    Vancouver BC
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    Jeez sounds pretty bleak right now, worse than last week even? Gonna try to push some Xmas vacay days into January and/or mountain bike.

  23. #98
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  24. #99
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    Nov 2007
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    London Mountain
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    Lee,
    Can you decipher the lawyer speak here?

    They rearranged the company last week and now they’re going bankrupt? Is this the project circling the drain?

  25. #100
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    Quote Originally Posted by Clownshoe View Post
    Lee,
    Can you decipher the lawyer speak here?

    They rearranged the company last week and now they’re going bankrupt? Is this the project circling the drain?
    Yah they're going bankrupt.

    It's not just the Acquilinis and Gaglardis suing themselves. They loaned money to GAS but so did others. GAS hired professional managers who never got things started.

    The lawsuit asks for whatever assets are left there to get sold and for money back.

    Basically STRONG BUY

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