December 22, 2014 - 5:30 PM
PENTICTON - South Okanagan ski enthusiasts should be rejoicing after hearing Mount Baldy will be re-opening this season.
Baldy Capital Corporation, a Calgary based company, made the announcement this week after recently reaching a Memorandum of Understanding to purchase the resort.
The company has reached an interim financing and management agreement with newly appointed receiver G-Force Group of Vancouver to get the resort operating while the receivership process and court approval of a purchase agreement is completed.
Fred Johnston, President of Baldy Capital Corporation, said the community played a big role in convincing the company to invest in the resort’s opening this season. He said it was also a priority of the company to seek input from all key stakeholders in the operation of the resort, deeming the co-operative effort critical to the ski area’s long term survival.
This year’s opening will be limited to the Sugarlump quad chair and the Magic Carpet, with prices adjusted to reflect the limited basis operation. It is hoped the resort will operate Friday through Sunday, opening as soon as liability insurance is obtained.
Mount Baldy struggled economically after the 2008 financial downturn, and did not open at all in 2013-14.
The resort is located approximately 45 minutes east of Oliver or Osoyoos.
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News from © InfoTel News Ltd, 2014