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Penticton  

New buyer for Baldy?

UPDATE: 3:55 p.m.

Mount Baldy Ski Resort could have a new owner soon.

While the most recent operators of the hill said this week the window of opportunity has now closed in order for us to be able to complete the acquisition of Mt. Baldy Ski area, a new potential buyer has come forward.

The receiver-manager of the resort stated in a news release late Friday afternoon it has pursued several other interested parties in an effort to attract a buyer/operator to acquire the resort in time for the 2015/2016 season.

"The receiver has recently received an offer from another party," the release stated.

"Both parties are actively making a great deal of effort to complete a deal as soon as possible."

The release goes on to say that, while it is late in the season to reopen the ski resort, "one of the benefits this prospective party sees is the significant support demonstrated to the receiver and in the media from the local communities who support Mt. Baldy including skiers, local nearby home owners, businesses, former employees and the OIB."


It would appear Mt. Baldy Ski Resort in Oliver won't be operating after all this season.

The recent operators of the resort posted the following statement on their website this week:

"We regret to announce that we have reached the point where the window of opportunity has now closed in order for us to be able to complete the acquisition of Mt. Baldy Ski area and perform the lift maintenance necessary to open the ski hill for this season.

We are very disappointed that we are unable to open the hill with the programs and improvements that we had planned for this season but intend to stay the course with plans for next year.

Although, regrettably, we have no certainty as to the outcome on the horizon for our acquisition of the ski area, we will be continuing to work on our plans and initiatives which will be necessary in order to open the resort for next year if at all possible."

Castanet will provide more details as they come available.



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