Getting Back to your Inner Ski Bum

Topics of a general nature regarding snowsports, which don't easily fit into one of our other Liftlines categories. This is also the place to post Letters to the Editor.

Re: Getting Back to your Inner Ski Bum

Postby Geoff » Wed Aug 03, 2011 4:05 pm

soulskier wrote:
Geoff wrote:It's pretty clear to me that the current incarnation of Magic will die an ugly death. There's no way they're going to find people willing to throw the money away buying shares in a non-viable business.


My sources tell me they have sold almost three hundred shares ($3,000) to date.


Oh, you mean that over 26 months, they still haven't managed to sell the first 300 shares they were supposed to sell within 90 days of their offering back in June, 2009? ...and it was 240 shares sold as of April. I doubt they have sold many more. They are staggeringly off plan on the 1000 shares they were supposed to sell over 4 years.

You can sell all the $100 plaques you want to fund painting 40-year-old double chairs and it's not going to make a dent into the amount of cash needed up update Magic's snowmaking system. Without reliable water, replacing miles of failed pipe (rather than the emergency patching they do now), low-E guns, modern compressors & pumps, and all the rest that allows them to make snow quickly and economically, they don't stand much of a chance. They need full parking lots Christmas week to cover all their fixed costs and they struggle to have much open by that time of year.

I want Magic to make it but they are extremely undercapitalized. One bad weather year where their base gets washed out to dirt in a Christmas week thaw and it's on to the next set of owners.
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Re: Getting Back to your Inner Ski Bum

Postby soulskier » Tue Aug 23, 2011 9:48 am

Geoff wrote:
soulskier wrote:
Geoff wrote:It's pretty clear to me that the current incarnation of Magic will die an ugly death. There's no way they're going to find people willing to throw the money away buying shares in a non-viable business.


My sources tell me they have sold almost three hundred shares ($3,000) to date.


Oh, you mean that over 26 months, they still haven't managed to sell the first 300 shares they were supposed to sell within 90 days of their offering back in June, 2009? ...and it was 240 shares sold as of April. I doubt they have sold many more. They are staggeringly off plan on the 1000 shares they were supposed to sell over 4 years.

You can sell all the $100 plaques you want to fund painting 40-year-old double chairs and it's not going to make a dent into the amount of cash needed up update Magic's snowmaking system. Without reliable water, replacing miles of failed pipe (rather than the emergency patching they do now), low-E guns, modern compressors & pumps, and all the rest that allows them to make snow quickly and economically, they don't stand much of a chance. They need full parking lots Christmas week to cover all their fixed costs and they struggle to have much open by that time of year.

I want Magic to make it but they are extremely undercapitalized. One bad weather year where their base gets washed out to dirt in a Christmas week thaw and it's on to the next set of owners.


We decided to have Save Magic write a post on their cause. Here ya go.

http://www.mrablog.com/magic-mountain-v ... ess-story/
http://www.MountainRidersAlliance.com
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Re: Getting Back to your Inner Ski Bum

Postby jamesdeluxe » Wed Aug 24, 2011 10:37 am

Increasing amounts of East-Coast content on the MRA site? There goes Soul Skier's big-mountain street cred! :-D
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Re: Getting Back to your Inner Ski Bum

Postby soulskier » Wed Aug 24, 2011 7:23 pm

jamesdeluxe wrote:Increasing amounts of East-Coast content on the MRA site? There goes Soul Skier's big-mountain street cred! :-D


I've already gone on record as stating that I visited the East Coast this past season. While there, I gained a new-found appreciation for their passion, soulfulness, vintage past and overall ski culture. I still like to ski big mountains too :-D
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Re: Getting Back to your Inner Ski Bum

Postby Geoff » Thu Aug 25, 2011 4:10 am

soulskier wrote:We decided to have Save Magic write a post on their cause. Here ya go.

http://www.mrablog.com/magic-mountain-v ... ess-story/


In the interests of full disclosure, here ya go:

http://www.tremontsheldon.com/news/deta ... g-clients/

Slippery Slopes for Lawyer Who Owns Ski Resort - Lawsuits claim that attorney left state after misleading clients
A former Fairfield lawyer allegedly assured clients that he was dutifully handling their cases while he was operating a ski resort in southern Vermont.

But when those clients realized their cases were never filed or dismissed due to inaction, they retaliated by filing two malpractice lawsuits in Bridgeport Superior Court against James L. Sullivan, formerly a partner of Maher Williams.

Plaintiffs' lawyer Douglas P. Mahoney, of Tremont & Sheldon in Bridgeport, contends in his complaints that Sullivan led two of his clients to believe that their cases were "pending and proceeding through the court system in a typical fashion," when the opposite was true.

Sullivan moved to Manchester, VT, with his wife and two daughters in late 2006 when he became managing partner of an investment group that took over Magic Mountain in Londonderry, VT.

"Our clients were told he would be running the ski lodge and maintaining a practice in Connecticut," Mahoney said in an interview with the Law Tribune. "What Sullivan did was just blatantly lie to these people for years."

A December 2006 story in the Fairfield Minuteman newspaper about Sullivan taking over as president of Magic Mountain, quotes his sister-in-law, Katie O'Grady: "For [Sullivan], it's a dream come true, chucking a law career for his passion."

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Re: Getting Back to your Inner Ski Bum

Postby soulskier » Thu Aug 25, 2011 11:51 am

Geoff wrote:
In the interests of full disclosure, here ya go:

http://www.tremontsheldon.com/news/deta ... g-clients/

Slippery Slopes for Lawyer Who Owns Ski Resort - Lawsuits claim that attorney left state after misleading clients
A former Fairfield lawyer allegedly assured clients that he was dutifully handling their cases while he was operating a ski resort in southern Vermont.

But when those clients realized their cases were never filed or dismissed due to inaction, they retaliated by filing two malpractice lawsuits in Bridgeport Superior Court against James L. Sullivan, formerly a partner of Maher Williams.

Plaintiffs' lawyer Douglas P. Mahoney, of Tremont & Sheldon in Bridgeport, contends in his complaints that Sullivan led two of his clients to believe that their cases were "pending and proceeding through the court system in a typical fashion," when the opposite was true.

Sullivan moved to Manchester, VT, with his wife and two daughters in late 2006 when he became managing partner of an investment group that took over Magic Mountain in Londonderry, VT.

"Our clients were told he would be running the ski lodge and maintaining a practice in Connecticut," Mahoney said in an interview with the Law Tribune. "What Sullivan did was just blatantly lie to these people for years."

A December 2006 story in the Fairfield Minuteman newspaper about Sullivan taking over as president of Magic Mountain, quotes his sister-in-law, Katie O'Grady: "For [Sullivan], it's a dream come true, chucking a law career for his passion."



Our post is about a community of skiers and riders that successfully came together to save their mountain playground.
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Re: Getting Back to your Inner Ski Bum

Postby Geoff » Sat Aug 27, 2011 8:08 am

soulskier wrote:Our post is about a community of skiers and riders that successfully came together to save their mountain playground.


And mine is about an attorney who owns a shaky New England ski area who is being sued for malpractice. Is that somebody you want to give $3000 to?
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Re: Getting Back to your Inner Ski Bum

Postby jamesdeluxe » Thu Sep 22, 2011 8:48 am

Harv posted an interview with Soul Skier:
http://www.nyskiblog.com/2011/09/jamie- ... iders.html
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Re: Getting Back to your Inner Ski Bum

Postby Tony Crocker » Thu Sep 22, 2011 9:22 pm

I wish Harv had interviewed soulskier about what he did between making sandwiches at Squaw Valley after high school and his move to Argentina a few years back. There has to be an interesting story about he he got the motivation and resources to take on something as ambitious as MRA.
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Re: Getting Back to your Inner Ski Bum

Postby Harvey44 » Fri Sep 23, 2011 8:46 am

Tony Crocker wrote:I wish Harv had interviewed soulskier about what he did between making sandwiches at Squaw Valley after high school and his move to Argentina a few years back. There has to an interesting story about he he got the motivation and resources to take on something as ambitious as MRA.


TC - you could post a comment. I bet JS would respond.

Thanks for reading.
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Re: Getting Back to your Inner Ski Bum

Postby soulskier » Fri Sep 23, 2011 1:30 pm

Tony Crocker wrote:I wish Harv had interviewed soulskier about what he did between making sandwiches at Squaw Valley after high school and his move to Argentina a few years back. There has to an interesting story about he he got the motivation and resources to take on something as ambitious as MRA.


I'd love to share that story some day, perhaps Harv will do a follow up?

With respect to the resources, there have been none, I have bootstrapped the company to date.

PS Tony, when you are on the Antarctica trip, Doug and some of his guides are good friends of Shanie and I's. Ask around, they might have some good stories to tell O:)
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Re: Getting Back to your Inner Ski Bum

Postby Marc_C » Fri Sep 23, 2011 2:41 pm

jamesdeluxe wrote:Harv posted an interview with Soul Skier:
http://www.nyskiblog.com/2011/09/jamie- ... iders.html

I just love the typo (omission, actually) that crept into this line:
It would have well-space trees at lower elevations for stormy days and big alpine terrain with stained drops on a variety of aspects.

There are definitely a few drops that I've stained when looking down them!
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Re: Getting Back to your Inner Ski Bum

Postby soulskier » Fri Sep 23, 2011 4:38 pm

Marc_C wrote:
jamesdeluxe wrote:Harv posted an interview with Soul Skier:
http://www.nyskiblog.com/2011/09/jamie- ... iders.html

I just love the typo (omission, actually) that crept into this line:
It would have well-space trees at lower elevations for stormy days and big alpine terrain with stained drops on a variety of aspects.

There are definitely a few drops that I've stained when looking down them!


When you are skiing as my guest at Manitoba Mountain, I suggest you bringing an extra set of thermals.
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