Mt. Baldy, a ski area located about an hour’s drive from the Midway Border Crossing between Washington and British Columbia which has lay dormant for the past couple of years, may have a new lease on life.
The ski area hasn’t operated for a full winter season since 2013-14. According to Business Vancouver, Mt. Baldy owed $4.4 million in mortgages when it was forced into bankruptcy in late 2014. The ski area did manage to run the lifts for about thirty days in 2014-15 between January and March. During that time Baldy Capital Corporation (BCC) operated the resort while locked into an attempt to purchase it, which proved unsuccessful. The purchase requirements defined by G-Force Group, the receiver in charge of finding a qualified buyer of the resort, weren’t met by BCC.
On Monday, Gary Powroznik of G-Force Group announced that the ski area had been bought for $3.4 million. Mt. Baldy, it seems, has been revived from the dead à la one Jon Snow.
The purchase by 1063205 B.C. Ltd., led by principal investor Victor Tsao, was approved by the British Columbia Supreme Court on June 27. It was also announced that Joey O’Brien, who has past resort experience as CEO and president of Alberta’s Fortess Mountain and owner of Nova Scotia’s Ski Martock, will be the managing director. O’Brien says that his objective is to have Mt. Baldy, which will now operated under the name Baldy Mountain Resort, up and running for the 2016-17 season.
“I’m absolutely thrilled to be part of this project and can’t wait to help Baldy Mountain Resort achieve its potential,” O’Brien said in a press release.
“We are very pleased to have found a purchaser with the financial and operational capability to restart the ski operation and lay a solid foundation for a sustainable resort for the community,” added Powroznik.
Mt. Baldy has a base elevation of 5,665 feet, 400 skiable acres and is known as having top-notch tree skiing and lift-accessed backcountry. For more information, visit the Mt. Baldy Facebook page.
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