Hemlock a no go for 2005/06?

Judging from the message on Hemlock Resort’s homepage, looks they won’t be opening this year unless they get some substantial investment.

Quoted from their homepage…

quote:

The recent announcements by the local ski areas to begin operations as a result of the early season snowfall has created a substantial amount of inquiries as to the status of Hemlock Valley ski area for this season. We would like to offer the following comments…

…In August 2003, Hemlock Valley Resorts entered into a long term (50 year) agreement with the Province of BC for the operation and development of the ski area. That agreement included, among other things, a requirement for the resort to undertake a number of key, but expensive items within the initial period of the agreement (specifically a requirement to either upgrade the existing lifts or install a new lift.) The time lines for those requirements were, from our perspective, unreasonable. Nevertheless, since August 2003, we have continued to move ahead on completing many of the obligations, as set out in the agreement with the Province…

…Unfortunately, despite everyone’s best efforts, the inability of the resort to open up during the winter of 2004/05, due to poor snow conditions, further hampered our ability to address the requirements in our development agreement. Over the last several months, we have worked diligently to identify a new investor or purchaser for the resort that would move forward with the future development and operation of the resort. To date, those discussions have not identified a new investor or purchaser, although discussions remain ongoing…

…We want to thank all of our supporters for their continued patience and understanding in this difficult, but exciting time of transition. We remain cautiously optimistic that a decision on opening the resort can be realized very soon.

Management and Staff

November 10,2005


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