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  • Pacific Group Resorts, Inc. Submits Top Bid for Jay Peak at $76 Million

    PGRI president and CEO Vern Greco shares his thoughts on the acquisition with SAM. SAM Magazine—Jay, Vt., Sept. 8, 2022—Pacific Group Resorts, Inc. (PGRI) made the highest and best final bid to buy Jay Peak, $76 million, following an auction with multiple bidders. PGRI president and CEO Vern Greco told SAM that after three years spent pursuing the acquisition, PGRI is poised to bring renewed stability to the resort and its staff, and tap into its passion and energy. The prevailing bid remains subject to approval by the United States District Court in Southern Florida during a final hearing scheduled for Sept. 16. Judge Darrin P. Gayles, who has presided over the receivership in federal...

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 HEADLINE NEWS - Ski Area Management

Tamarack Adds Backcountry Terrain

SAM Magazine-Donnelly, Ida., Aug. 31, 2006-Tamarack Resort will offer guided backcountry services on 5,000 acres of terrain north and south of the resort boundaries this season under a special use permit from the U.S. Forest Service. The permit expands Tamarack's available terrain five-fold. The new National Forest terrain includes chutes, cliff...

 HEADLINE NEWS - Ski Area Management

Utah Improvements At a Glance

SAM Magazine--Utah, August 31, 2006-- Three consecutive record breaking seasons for skier days in Utah have afforded ski areas the capitol to continue adding new features and making improvements. From new lifts to more terrain to North America's first ski area tunnel, Utah's ski resorts will welcome visitors with a host of new amenities for both wi...

 HEADLINE NEWS - Ski Area Management

SAM Hires Web Editor

SAM Magazine--August 30, 2006, Woodbury, CT--In response to recent survey results, SAM Magazine has hired an on-line editor, Tom Winter, to bring more original content and breaking news to its website at www.saminfo.com. "The survey results showed that SAM readers have come to rely on the breaking news service as its primary online source of up-to-...

 HEADLINE NEWS - Ski Area Management

NSP Names Dorsey Executive Director

SAM Magazine-Lakewood, Colorado August 28, 2006-The National Ski Patrol board of directors unanimously chose Mark Dorsey to become executive director of the NSP. Dorsey has been the acting interim director for the past eight months. Jim DeWeerd, NSP's recently elected national board chairman, said, "We've spoken directly to members, staff, and i...

 HEADLINE NEWS - Ski Area Management

Silverton Adds Terrain, Expands Adventure Options

SAM Magazine-Silverton, Colo., Aug. 24, 2006-Silverton Mountain owners Aaron and Jen Brill have acquired 164 acres of new ski terrain adjacent to the area's existing boundaries from Aspenite Jim Jackson, who has long harbored dreams of building his own ski area in Silverton. The purchase ends a seven-year battle over the control of the ski terrain ...

 HEADLINE NEWS - Ski Area Management

New Circulation Rule Puts Spotlight on Ski, Skiing Magazines

SAM Magazine-New York, Aug. 24, 2006-The news that Ski and Skiing have shifted significant portions of their circulation from "paid" to "verified," a new circulation category recognized by the Audit Bureau of Circulations (ABC), has reminded industry advertisers once again of the need to evaluate the various types of circulation reported (verified ...

 HEADLINE NEWS - Ski Area Management

NSAA Program Promotes Green Power Purchases

SAM Magazine-Lakewood, Colo., Aug. 23, 2006-NSAA is partnering with Renewable Choice Energy to offer renewable power to all members at below-market rates of less than 1 cent per kWh. The aim is to make it easier for resort and supplier members to purchase green power and join an industry-wide effort to reduce the emission of greenhouse gases that c...

 HEADLINE NEWS - Ski Area Management

Two Hood Areas Offer One Pass

SAM Magazine--Government Camp, Ore., August 22, 2006--Skibowl and Timberline Lodge have joined together to offer the Mt. Hood Fusion Pass, a season pass good at both areas all days, all nights, all winter. The pass will be sold to a group of two people from any age group starting September 5 and are priced as follows: $199 for a youth pass (age ...

 HEADLINE NEWS - Ski Area Management

Crystal Turns to Wind

SAM Magazine--Thompsonville, Mich., August 22, 2006--Joining the wind power wave, Crystal Mountain, Mich., announced that it will power its high-speed quad, the Crystal Clipper, entirely with wind power this coming season. By purchasing the wind credits for the lift, Crystal will prevent 174,000 pounds of carbon Dioxide pollution from entering the ...

 HEADLINE NEWS - Ski Area Management

Alexander C. Cushing, Squaw Valley Founder, Dies

SAM Magazine-Squaw Valley, Calif., Aug. 21, 2006-Alexander C. Cushing, who founded Squaw Valley and brought the 1960 Winter Olympics to the resort, died from pneumonia Aug. 20 at his summer home in Newport, Rhode Island. He was 92. Cushing grew up in the East, where he attended Groton School, Harvard University, 1936 and Harvard Law School, 1939...

 HEADLINE NEWS - Ski Area Management

Crystal Joins Green Power Movement

SAM Magazine-Thompsonville, Mich., Aug. 21, 2006-Crystal Mountain became the first Michigan ski area to commit to renewable wind energy today. The resort will purchase enough renewable energy certificates from Boulder, Colo.-based Renewable Choice Energy to power its Crystal Clipper high-speed quad entirely with wind power this season. Crystal owne...

 HEADLINE NEWS - Ski Area Management

Suitor Courts Snowmass Village

SAM Magazine-Snowmass Village, Colo., Aug. 17, 2006-The Snowmass base village partnership (Intrawest Corporation and Aspen Skiing Company) has signed a letter of intent with WestPac Investments for the purchase and development of both residential and commercial components of the $400 million Snowmass Base Village. The LOI could evolve into a bindin...

 HEADLINE NEWS - Ski Area Management

Keystone to Expand Cat Skiing

SAM Magazine-Keystone, Colo., Aug. 17, 2006-White River National Forest Supervisor Maribeth Gustafson has signed a Decision Notice approving the Upper Independence Cat Skiing proposal at Keystone Resort. Gustafson stated in the Decision Notice, "I believe that the EA has adequately and clearly addressed the issues relevant to the proposal and do...

 HEADLINE NEWS - Ski Area Management

Muellers Buy Into 100% Green Power Program

SAM Magazine-Ludlow, Vt., Aug. 17, 2006-Tim and Diane Mueller, owners of Okemo Mountain Resort in Vermont, Crested Butte Mountain Resort in Colorado, and Mount Sunapee Resort, in New Hampshire, have entered into an agreement with Gunnison County Electric Association to purchase 27 million kilowatt hours of Renewable Energy Certificates from Sterlin...

 HEADLINE NEWS - Ski Area Management

Intrawest Sold to Fortress Investment Group

SAM Magazine-Vancouver, B.C., Aug. 11, 2006-Fortress Investment Group is buying 100 percent of Intrawest Corporation for $35 a share. The total value of the transaction, including the existing debt of Intrawest, is approximately $2.8 billion. Fortress is a global investment and asset management firm with approximately $23 billion in equity capit...