Famous ski resort gets sold

Posted By: Steve Bellamy on January 7, 2010 10:47 pm

Stowe ski resort, one of the best the East Coast skiers get to tackle has finally been sold ending 18 months of speculation as to the future of the storied ski and snowboard nexus.  The Mount Mansfield spectacular had been owned by troubled bailout recipient AIG who announced shortly after taking 22 Bazillion dollars (actually $182 Billion) of mine and yours tax dollars, better yet our childrens future tax dollars… that they would be divesting themselves of all non-core assets.  I guess they will have to now pay for their boondoggles.

Details are light on the transaction and the purchaser although it has been confirmed that it is a subsidary named Chartis that was formed last summer by AIG.  More on that as it becomes available. 

According to officials, consumers will experience no change whatsoever and there has been no mention of the impact to the some odd 1200 staffers at the resort.  “I don’t think they will be cutting any labor since they don’t own any other resorts to share labor with,” said a staffer who asked to remain annonomous.  “We are all kind of happy that something has happened involving future clarity.” 

Stowe has 13 lifts, 2200 feet of vertical, 116 trails and gets over 300 annual inches of snow.  The resort just came off of an extensive remodel including a new lodge.