October 01, 2014 - 3:11 PM
PENTICTON - Mount Baldy may be up-and-running this season despite financial setbacks that kept the ski resort closed last year.
The company that has been handling the Mount Baldy foreclosure account, G-Force Real Estate, says the only thing left to do is assemble all the required pieces to re-launch the resort this upcoming season.
A prospective new owner-operator and funding partners have been found to manage the resort and tentative agreements with the first mortgage holder, and provincial authorities have been lined up.
“It has been a lot of work at a very hectic pace,” says Gary Powroznik, spokesperson for G-Force. “Alpine resorts are tough to resurrect in a short timeframe because they are specialized capital intensive businesses which require available experienced management and adequate financing, both of which can be hard to find in a short timeframe.”
It is also important, he says, that prospective owners get a fresh start from the existing insolvent company.
Information on seasons passes, day trips and visiting opportunities at Mount Baldy will be announced once all plans have been solidified.
Mount Baldy Ski Resort is located just north of the U/S/ border, east of Osoyoos and Oliver.
Crystal Mountain, another Okanagan ski hill in West Kelowna, will definitely remain closed this year. The hill is still trying to satisfy B.C. Safety Authority inspectors that its chair lifts are safe. Last winter, a cable on one of the lifts broke free and sent chairs and four passengers plummeting seven metres to the ground.
To contact the reporter for this story, email Meaghan Archer at firstname.lastname@example.org or call 250-488-3065. To contact the editor, email email@example.com or call 250-718-2724.
News from © InfoTel News Ltd, 2014