Oregon ‘23-‘24 El Niño Schralpadelic Rumble Thread

[interloper]

Or Chuck Shepard?
On 9/7 I will once again be parking cars under his tutelage. Will check his temp for buying Mt B

Not a bad idea.

[Hood26]

Local Group is exploring options!

https://www.centraloregondaily.com/n...MDd6pxX3TQ&ai=

[::: :::]

totally ready to welcome another independent back

[garyfromterrace]

Happy to talk to the ring leaders about some of our trials and tribulations if any of you guys know the players.

[TBS]

Yeah, a Bend substitute teacher (and ski instructor) and the owner of two cannabis dispos in the valley are sure to have the financial and management clout to get a deal of this size done…

This sounds like the “community effort” to buy Mt B in 2001. Back when the price was $25 million. Sound and Fury, Signifying Nothing.

[k2skier112]

I'd kick in $37,000 and 5 tons of bacon to sweeten the pot

[puma]

Yeah, a Bend substitute teacher (and ski instructor) and the owner of two cannabis dispos in the valley are sure to have the financial and management clout to get a deal of this size done…

This sounds like the “community effort” to buy Mt B in 2001. Back when the price was $25 million. Sound and Fury, Signifying Nothing.

Are those the backgrounds of the ones leading the charge? Hopefully a priority will be to get some VERY SOLID business and finance experience on their side to help drive this forward.

[interloper]

https://unofficialnetworks.com/2024/...ya3szkHzT4_YNw
A push for local ownership

[Toadman]

Set up a Gofundme site and have at it. They can make a movie, "We Bought a Ski Resort." Can Matt Damon ski? What about Keanu Reeves?

[TBS]

Are those the backgrounds of the ones leading the charge? Hopefully a priority will be to get some VERY SOLID business and finance experience on their side to help drive this forward.

A LinkedIn search for Chris Porter and Dan Cochrane gave me two guys in Bend with those backgrounds.

NFW a community deal is gonna get done.

@toadman, securities law prohibits use of GFM or other crowdfunding methods for raising debt or equity capital.

[byates1]

Whatever happens hope the mtn is better for you all. Had a fun time skiing w TBS and skinny ski guy a couple yrs ago!

[interloper]

Whatever happens hope the mtn is better for you all. Had a fun time skiing w TBS and skinny ski guy a couple yrs ago!

Y'all come back now.

[TBS]

Thinking about price Powdr wants for Mt B

Anybody know what Crystal sold for in 2018?
Seems like that would be the closest comparable - same vertical, less acreage, some real estate.

Vail paid $64 million for Stevens. 1100 acres, 2000' vert, no real estate, bigger local market

[interloper]

Thinking about price Powdr wants for Mt B

Anybody know what Crystal sold for in 2018?
Seems like that would be the closest comparable - same vertical, less acreage, some real estate.

Vail paid $64 million for Stevens. 1100 acres, 2000' vert, no real estate, bigger local market

The price of the Crystal Mountain ski resort in Washington when it was sold to Alterra Mountain Company in 2018 was undisclosed.

John Kircher purchased the resort in 2017 from Boyne Resorts for $40 million. Kircher was the resort's CEO and president for 20 years before buying it from a company co-founded by his father.

[TBS]

^^^Thanks

Reading further, Kircher traded shares of stock in Boyne for the assets of Crystal. This was all part of CNL Lifestyle Properties (owner of Boyne Resorts) liquidating their holding as part of becoming a REIT. In a lot of these large liquidations there are huge deals to be had on individual properties.

Given that Steven sold a year later at a 50% markup to Kircher’s purchase of Crystal, There had to be some big issues besides economics involved.

Will likely see Chuck and Matthew tomorrow and will lobby them to buy Mt B

[interloper]

^^^Thanks

Reading further, Kircher traded shares of stock in Boyne for the assets of Crystal. This was all part of CNL Lifestyle Properties (owner of Boyne Resorts) liquidating their holding as part of becoming a REIT. In a lot of these large liquidations there are huge deals to be had on individual properties.

Given that Steven sold a year later at a 50% markup to Kircher’s purchase of Crystal, There had to be some big issues besides economics involved.

Will likely see Chuck and Matthew tomorrow and will lobby them to buy Mt B

Heard from a ski shop owner in the valley that Mr. Shepherd is possibly interested in Bachelor.

[TBS]

Talked for a bit with Chuck yesterday.
Short answer - he’d be interested if the price were $30 million, but not at the $180 million price he’s been told Powdr is looking for.

He’s been contacted about possibly operating MtB for local buyer groups. In his mind there’s no way to generate a return on investment at that price. Also a more complicated operation than he and Matthew want to deal with.

[TBS]

I see there’s a Mt B pass holder party tomorrow night. No doubt Merriman and team will be peppered with questions they can’t/won’t answer.

Anybody going? Report back

[interloper]

First beer on the house. $5 beers there after. 5/7pm. That is all.

[interloper]

After just a few days of public crowdfunding, the group seeking to purchase Mt. Bachelor ski area from corporate ownership raised more than half its funding goal to cover administrative costs.

[TBS]

More on ^^^

Calling itself Mt. Bachelor Community Inc. the local group launched a website and a GoFundMe page this week. Donations ranged from $10 to $1,000, all going toward a $35,000 goal to pay for legal fees, insurance and supplies.

https://www.bendbulletin.com/localst...DEQQTIzBGJNnvQ

IOW they've raised about $18k in three weeks. WOAH!!! Assuming they can get lenders to pony up half of the $200 million, at this rate they’ll have the equity portion raised in (reaches for calculator) - 1,389 years!

Powdr isn’t going to even open up their books unless a prospective buyer can first show they’ve got the financing to complete the deal.

And no fucking way $35000 will cover even a tiny portion of the legal fees needed to make this deal happen - even if the school teacher and the real estate appraiser have a couple of experienced M&A lawyers and a couple of experienced securities lawyers on tap who are willing to work for free.

[atree]

If their plan is to remove half of Bend’s population and require the remaining residents to maintain day jobs, then I’m ready to pitch in.

[interloper]

Give me your money.

[k2skier112]

https://www.chronline.com/stories/tw...of-pig,362527?

Two West Linn men have been indicted for an alleged sexual assault of an animal.

Anders F. Martenson and William C. Duffy face two counts each of felony sexual assault of a pig and a third count of encouraging sexual assault of an animal.

The two men, both 23, are set to make their first appearance in Clackamas County Circuit Court on Oct. 10.

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The indictment alleges that in August 2022 the men caused the pig to touch the sex organs and mouth of a person.

Defense attorney Neil J. Evans is listed in court records as representing both men. He didn’t respond to a request for comment sent Wednesday.

[Toadman]

Woke up to snow as I walked the dog this morning. Nice to see Ullr awaken from his slumber to drop us a reminder that winter is coming.

https://www.mtbachelor.com/the-mountain/webcams