After failing to reach a deal, Mount Baldy will not be operating in the 2015/16 season under the Baldy Capital Corporation.
The receiver appointed by B.C. Supreme Court, the Vancouver-based G-Force Group, announced in a press release on Nov. 27 that the Baldy Capital Corporation had failed to purchase the mountain out of receivership.
“Unfortunately this initial prospect has been unable to follow up with an acceptable offer to acquire the assets or provide for an acceptable plan to operate the resort for this season,” G-Force said in a press release.
G-Force has received another offer recently, and said that both parties are “actively making a great deal of effort to complete a deal as soon as possible.”
Community support from businesses, former employees, skiers and nearby homeowners is cited in the release as benefits for the prospective parties looking to purchase the mountain.
“We regret to announce that we have reached the point where the window of opportunity has now closed in order for us to be able to complete the acquisition of Mt. Baldy Ski area out of receivership and perform the lift maintenance and certification necessary to open the ski hill for this season,” a statement on the Mt. Baldy website reads. “We are very disappointed that we are unable to open the hill with the programs and improvements that we had planned for this season, but we intend to stay the course with our plans and commitments for next year.”