No deal reached for Mt. Baldy

Mount Baldy will not be operating in the 2015/16 season under the Baldy Capital Corporation.

Mount Baldy ski hill

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.”

 

Just Posted

Penticton mayoral hopefuls wouldn’t change a thing

Both Jason Cox and Penticton’s incumbent mayor said they wouldn’t have changed campaigns

Exploring the edges of the blues

JW-Jones takes to the Dream Café stage in Penticton for the first time tonight

Warm Up for Winter drive expands to cover the South Okanagan

Penticton clothing drive for those in need expands to the whole South Okanagan

Video: Penticton woman imparts good advice on her 100th birthday

Breezy Johnson celebrated her birthday surrounded by her friends and family

VIDEO: Fire destroys historic Hitching Post restaurant in Hedley

Two people were injured as fire ripped through the Hedley restaurant around 2:30 a.m. Tuesday

‘She’s charging. Oh God’: Mama grizzly runs at B.C. man armed with shotgun

People online were quick to question – and defend – a man’s decision to shoot a grizzly bear charging him on a Bella Coola front yard

Red Sox beat Dodgers 8-4 in Game 1 of World Series

Benintendi has 4 hits as Boston cruises at Fenway

Canada announces $20M fund for women entrepreneurs

New federal program will provide up to $100,000 for female business owners to grow their operations

Vancouver Island man claims falling ice smashed his truck windshield

Man discovered volleyball-sized chunk ice on his truck Saturday, near Nanaimo, B.C.

B.C. veteran combats PTSD in the ring and on the farm

Cam Tetrault is a valuable contributor at Quesnel’s Two Rivers Boxing Club

B.C. vegan butcher to appear on Dragons’ Den

Victoria’s Very Good Butchers will star in Nov. 29 episode

Shuswap offers one-stop wellness for seniors

Salmon Arm centre for seniors with chronic conditions offers collaborate approach to health

Fast ferries from B.C. spotted in Egypt

Controversial aluminum BC Ferries vessels ’big white elephants covered in dust,’ eyewitness says

Canadian troops, families take shelter in hotel after Florida hurricane

Most of the Canadians were evacuated from the military base before Hurricane Michael

Most Read