Magic Mountain opens ownership to skiers

first_imgMagic Mountain Ski and Snowboard Resort,Magic Mountain, a classic ski area located in southern Vermont, has announced that it is officially selling shares of the mountain effectively offering ownership opportunities for skiers, snowboarders and enthusiasts of the mountain. As the second ski resort in New England to ever offer ownership to its pass holders and customers, Magic Mountain shareholders will enjoy an equity position in the mountain, season pass discounts, reduced ticket prices, and voting rights in operational decisions.  Modeled after the Mad River Glen ski area co-op, the opportunity for individual ownership aims to increase customer loyalty, and fund significant upgrades to the resort. After reviewing the success of Mad River Glen, we realized that we had a tremendous opportunity to allow loyal fans of Magic Mountain to invest in something special and participate in saving and reviving a classic Vermont ski area, said Jim Sullivan, President, Magic Mountain.   In addition, this offering makes perfect business sense from a capital growth perspective in this current economy where it is difficult to garner support from large investors.  This opportunity brings the dream of owning a piece of a ski mountain and having a say in how it is run to individual ski enthusiasts and in particular those who love Magic and what it represents.Magic Mountain aims to raise $3 million and invest it in the snow-making system, as well as upgrades to lifts, grooming equipment and the main lodge.  The resort is now issuing 1,000 shares priced at $3,000 per share, which will enable the setting up of an LLC whereby the new share holders will own 60 percent of the mountain.To purchase shares of Magic Mountain and review the current business plan, click here: http://www.magicmtn.com/alpineupdates.php(link is external)Magic Mountain is also hosting an open meeting for anyone interested in being a shareholder on Sunday, July 5.  To learn more about this meeting, click here: http://www.magicmtn.com/event.php?day=05&month=07&year=2009(link is external)About Magic MountainFounded by Swiss born ski Instructor, Hans Thorner, in 1961, Magic Mountain is a classic southern Vermont ski mountain located in Londonderry, VT.  Known for its challenging terrain, old-style slopes and woods/glade skiing in a low-key, family setting, Magic Mountain is the ideal ski destination for purist skiers and snowboarders.   To learn more go to: http://www.magicmtn.com/(link is external) Source: Magic Mountain. LONDONDERRY, VT June 29, 2009last_img read more

Fog advisory for the area this morning

first_imgBatesville, IN—Fog has developed across the southeastern Indiana area this morning, reducing visibilities below a mile. A few patches of dense fog are possible. Motorists should exercise extra caution and understand that visibility may change quickly along their routes. Only use low beam headlights and allow a little extra time to complete any travel.last_img

Manhyia Palace denies “Five-man board” appointment

first_imgManhyia Palace has debunked reports that Asantehene Otumfuo Osei Tutu II has appointed a five member board of directors.The supposed board of directors comprised businessman Kennedy Agyapong popularly known as Kenpong, Dr Yaw Amoh Asare, a lecturer at the chemistry department of the Kwame Nkrumah University of Science and Technology, Lawyer Paul Adu Gyamfi, Alhaji Abu Lamine and Nana Boakye owner of Nana Boakye Herbal clinic.But chief of Staff at the Manhyia Palace Kofi Badu has told Joy sports no such appointments has been made by the club’s owner and life patron.“Is the Palace which is making the appointment and I can say on authority that no appointment has been made, we are now in the process of consultations,” Badu told Joy FM.“It is embarrassing because we are at the final stages of consultations with people and this announcement by the media has embarrassed everybody.“People are lobbying for the position but none of them has been told anything. “The King himself knows those that he wants to work with and so that is what we are working on and not those going around lobbying for the position.”last_img read more

Women’s Basketball Favorite in 2018-19 Missouri Valley Conference Preseason Poll

first_imgST. LOUIS – The Drake University women’s basketball team is the favorite in the 2018-19 Missouri Valley Conference Preseason poll for the third-straight year, the league office announced Thursday morning. Drake, which has finished undefeated each of the past two MVC regular seasons and tournaments, has all five starters returning and its top nine scorers as it vies for a three-peat in 2018-19. 2018-19 MVC Women’s Basketball Preseason Poll Rankings (Points) (First Place Votes) Junior Becca Hittner (Urbandale, Iowa), the 2017-18 Jackie Stiles MVC Player of the Year, is the 2018-19 MVC Preseason Player of the Year. Redshirt junior Sara Rhine (Eldon, Mo.), the 2017-18 MVC Sixth Player of the Year, is on the All-MVC Preseason First Team with Hittner. Hittner and Rhine are joined on the All-MVC Preseason First Team by Megan Maahs of UNI, Alexa Willard of Missouri State and Nicole Martin of Southern Illinois. Drake, 363 (35) UNI, 325 (4) Missouri State, 287 (1) Southern Illinois, 279 Illinois State, 223 Bradley, 193 Indiana State, 192 Valparaiso, 135 Loyola, 127 Evansville, 76Print Friendly Version Drake fans will have the opportunity to check out the 2018-19 team when it hosts Dubuque on Oct. 28 at 2 p.m. in its first exhibition contest at the Knapp Center.last_img read more