SKI MAGIC LLC To Buy Vermont's Magic Mountain
The Black Chair will get needed updates this summer and fall for a return to use at Magic this winter. (Jeff Bankman/Magic Mountain/Facebook)
SKI MAGIC LLC announced Tuesday it had concluded a signed purchase and sale agreement with current title holder Magic Mountain Management, LLC to purchase all the property and assets of the 709-acre Magic Mountain Ski Area in Londonderry, Vermont for an undisclosed amount.
With the signing of the purchase agreement, SKI MAGIC will begin its due diligence period before formally closing on the transaction and taking operational control, which is expected to take six to eight weeks. However, the purchase agreement has a provision for 2016-17 season preparatory work to begin immediately, including repair work to re-open Magic’s second summit lift (the 5000’ long Black Triple Chair) which has not operated for the last two years due to insufficient financial resources to complete the work required by the Vermont Passenger Tramway Board.
Season passes are slated to go on sale at reduced “early bird” prices normally available in April once the sale has been officially completed.
“This is an exciting opportunity for long-time fans of Magic, including myself, who want a better, stable and enduring future for such a special ski area and community," said Geoff Hatheway, President of SKI MAGIC LLC.
“And, with the targeted investment our SKI MAGIC investors are committing to over our initial five-year business plan, Magic will deliver a much better skiing product to ski enthusiasts in our little corner of southern Vermont--not by changing what Magic’s about, but by making its truly fun throwback ski experience more reliable and accessible to customers over a longer season. That means an operational focus on lifts and more snow-making.”
That five-year plan includes “an new beginner area, which is actually the old beginner area, a new beginner lift, and enhanced day care, so that we can update beginner access to the mountain,” Hatheway told SnoCountry.com. “We also plan to update and enhance the snow guns so that we can open quicker, with a longer season, and more coverage.”
This summer and fall, all efforts will be focused on preparing the mountain for a December opening, working to bring the Black Summit Chair back to operation and repairing/expanding snow-making coverage. SKI MAGIC will also be tapping into Magic's legendary community of skiers and riders by hosting a number of "Volunteer Days" this fall to help clean-up glades and fix-up the lodge for the upcoming ski season.