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Tag Archives: business
Snowhoe equipment saved lives after ‘copter crash
Stranded for half a day after a mountain crash and suffering from broken bones and winter cold, the 17-member crew of a military helicopter were rescued thanks to two snowcats and six snowmobiles lent by Snowshoe Resort. The equipment helped … Continue reading
Intrawest has also sold Squaw Village
Snowshoe’s parent company appears to have accelerated its efforts to shed assets to raise cash to hold off creditors who have threatened to take over the company’s assets— as Intrawest’s sale of the Village at Squaw, a major component of … Continue reading
Some say quarry proposal threatens Snowshoe
A proposal to expand a quarry at the foot of Snowshoe has enraged some tourism businesses and created a 2-1 split on the County Commission, according to a story in the Pocahontas Times, which first broke the news January 13. … Continue reading
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Tagged business, environment, Slatyfork Quarry, spruce, Upper Elk River, West Virginia Central Railroad
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Intrawest boss predicts slow industry recovery
The man who runs Snowshoe’s parent company– which he has already said is in survival mode– issued another dire statement about the ski business. It’s in for a long, slow recovery, perhaps two seasons, Intrawest CEO Bill Jensen told an … Continue reading
March keeps WV ’08-09 season flat
The Charleston newspaper reports on an overall flat ski season which actually escaped the West’s woes (as we suspected), and a thrice-a-week Orlando-to-Charleston flight that buoys the spirits of Joe Stevens, the WV industry spokesguy (who used to be the … Continue reading
Magic Mountain: How a ski area can sell itself
Faced with perennially thin snow cover and an annual operating loss that exceeded its total revenues in two of the last six years, Magic Mountain in southern Vermont hopes to go the way of Mad River Glen and sell itself … Continue reading
Yellowstone Club: How a ski resort can go wrong
Although it’s most of a contintent away, the Yellowstone Club bankruptcy may hold an instructive lesson for Snowshoe, as the Club— according to people quoted in an in-depth June 14 New York Times story— was a successful enterprise until its … Continue reading
Will West’s woes boost the ‘Shoe?
The East appears to be having a good season while the West is not, according to Marketwatch, which pins the blame for rough times in the Rockies on the sour economy. Snowshoe’s current marketing efforts attest, “Your trunk is free,” … Continue reading
Fortress has another losing quarter
Snowshoe’s beleaguered parent company, the publicly held Fortress Investment Group, announced another rough quarter to Wall Street today, announcing a $258 million loss, as the company continues to feel the effects of the credit crunch and redemptions from its once-storied … Continue reading
Skiing to wrap on March 22nd
Some condo owners received word today that Sunday, March 22 will be the last day for skiing and snowboarding at Snowshoe. If so, that moves the date up a week from the original planned closing date of March 29 and … Continue reading
