Investor Group Puts Faith in Magic

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Publish Date

03/20/2006

SAM Magazine-Londonderry, Vt., Mar. 20, 2006-An investment group led by a Connecticut lawyer is set to purchase Magic Mountain ski area here for about $3 million, according to the current owners. A report in the Brattleboro (Vt.) Reformer termed the deal "imminent." The sale would give Magic its fourth owner in the last 10 years.

Magic general manager Gary Aichholz said that the new owners hope to invest more than $3 million to triple the area's perennially limited snowmaking capacity, upgrade the lift system and cut bike trails for summer use. Aichholz also said that Magic's agreement with Glebe Mountain Wind Energy to construct a windpower turbine on the mountain remains intact. \