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

UPDATE: Three new fires sparked in the South Okanagan- Similkameen

BC Wildfire Service is responding to a blaze off Olalla forest service road

Kelowna Ribfest launch faces animal rights protest

Animal advocates draw attention to abuse suffered by factory farm pigs

Super League Triathlon makes North American debut in Penticton

Making its North American debut, the event brings a new twist to the traditional sport

Big crowds mark Penticton Peach Festival success

Thousands enjoy free family fun at 71st annual Penticton Peach Festival

Second B.C. silver for Penticton baseball squad

Penticton Tigers A baseball team second in BC

Interim GoFundMe payments approved in Humboldt Broncos crash

$50,000 to be given to each of the 13 survivors and each family of the 16 people who died

Altidore nets 3 as Toronto drubs Whitecaps 5-2

Vancouver falls 7-4 on aggregate in Canadian Championship final

Ottawa intervenes to get B.C. ball player, 13, to Little League World Series

Before immigration issue was resolved, Dio Gama was out practicing the game he loves Wednesday

Pet goldfish invades small B.C. lake

Pinecrest Lake is located between Whistler and Squamish

Mounties deployed to help B.C. communities affected by wildfires

RCMP officers heading to places particularly within central, northern and southern B.C.

Chinese medicine practitioner in B.C. facing historical sex assault charges

71-year old Kit Wong practiced acupuncture from his home during the time of the assaults

Quebec sets aside $900 million for companies hurt by U.S. tariffs

Premier Philippe Couillard says his government will make $863 million available over five years

Most Read