What’s the current operating cost?
Not a clue. The following is midsummer verbal diarrhea, but think that it could work.
How many of us have spent $1,000 on a weekend trip . a cat skiing trip, a pair of well fit boots or quality skis (will raise my hand here)? This would be like taking a flyer on a stock.
If this type of investment got you a freebie lift pass for a Gathering that included a day of cat skiing at a really chill ski area for a year or two, would that offset the investment? It well could require further investment later, or if we were smart selling for a profit later, but in the meantime a good time could be had by all. It would probably offer a throwback factor that a lot of members on here have never experienced which might not be a bad thing. Higher the couple who currently own the place, who expressed this as a desire, and see where it could go. Run sleds up and down the bottom of Monkey Creek and you have a whole lot of side country being lift served for us on your non cat skiing days.
Lodging would be the issue in and around Fairfield. There is one maybe two little motels, but the lodge could be opened up and go old time sleeping bags on the floor sofa surfing. The lodge is smaller but nice with a decent little bar opened to the main area and a pretty decent looking kitchen. It would be a Gathering that would end up being more like a family reunion.
Long term build a group lodge at the base area and it could be retirement care facility with lift service and mountain biking just out the door. In the end maybe we can sell it to Vail.