Another article on the resort in Ski Southeast
http://www.skisoutheast.com/timberl...oU1PDVAQuhabFNnWSyVJBpqafK8XR_PsjcnCp1pv1SXIE
Some false assumptions in it:
1. That the county and courts are going to handle this situation like a normal tax sale. Too much is at stake for a business as usual approach.
2. That a courthouse sale is the only means by which the property eill be transferred. There are numerous other possible scenarios.
3. That the property is worth more money without skiing. There are plenty of other places to develop property in the area. Skiing is what creates value for properties and future properties on the mountain. There are very few mountains zoned for skiing in the Mid-Atlantic between 3,000 and 4,000 feet of altitude. Timberline’s cold air and favorable exposure and microclimate are its crown jewels, not the infrastructure, which can be replaced. Cut trails and pre-existing slopeside accomodation are also worth $$. Investors will be looking at the future potential given modest infrastructure improvements plus better management and marketing.
http://www.skisoutheast.com/timberl...oU1PDVAQuhabFNnWSyVJBpqafK8XR_PsjcnCp1pv1SXIE
Some false assumptions in it:
1. That the county and courts are going to handle this situation like a normal tax sale. Too much is at stake for a business as usual approach.
2. That a courthouse sale is the only means by which the property eill be transferred. There are numerous other possible scenarios.
3. That the property is worth more money without skiing. There are plenty of other places to develop property in the area. Skiing is what creates value for properties and future properties on the mountain. There are very few mountains zoned for skiing in the Mid-Atlantic between 3,000 and 4,000 feet of altitude. Timberline’s cold air and favorable exposure and microclimate are its crown jewels, not the infrastructure, which can be replaced. Cut trails and pre-existing slopeside accomodation are also worth $$. Investors will be looking at the future potential given modest infrastructure improvements plus better management and marketing.