Feel the Magic: Own Your Own Ski Resort!

Posted By: The Ski Channel on June 29, 2009 8:52 am

Magic Mountain in Vermont just got a little more magical. The small resort is taking a cue from Mad River Glen, and offering a chance for enthusiasts to own a piece of the pie. As of today, anyone can purchase shares of the mountain which will include an equity position, season pass discounts, reduced ticket prices, and voting rights in operational decisions.

It’s a win-win situation, as Magic Mountain plans to use the funds for resort upgrades like improved snowmaking, grooming equipment and better chairlifts.

“After reviewing the success of Mad River Glen, we realized that we had a tremendous opportunity to allow loyal fans of Magic Mountain to invest in something special and participate in saving and reviving a classic Vermont ski area,” said Jim Sullivan, president of Magic Mountain. “In addition, this offering makes perfect business sense from a capital growth perspective in this current economy where it is difficult to garner support from large investors.” 

The resort is now issuing 1,000 shares priced at $3,000 per share, which will enable the setting up of an LLC whereby the new shareholders will own 60 percent of the mountain.

To purchase shares of Magic Mountain and review the current business plan, visit www.magicmtn.com/alpineupdates.php

Magic Mountain is also hosting an open meeting for those interested in shareholding on Sunday, July 5. 

 

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