Mar 31 2010
Well it’s that time again. Rumors are flying around about the Cuchara Ski Resort. Has it sold? Will it reopen? There are nearly always some ongoing discussions between prospective buyers, principal shareholders, lien holders, lenders, tax authorities, Forest Service and other various parties in the ski mountain resort property. Those discussions always have a potential to produce a change in stake-holder positions of ownership, control or influence. We believe that to be the case right now. New positioning may become apparent in the near future, but this may not necessarily represent a formidable new buyer with new capital and a new operating plan. At least not just yet. But we remain hopeful and even optimistic. April Fools Day is tomorrow, so anything could happen I guess.
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