As some rise, so do others fall. According to the French website SkiPass.com (thanks Google translate!), Coreupt is officially liquidated as of September 24th. In August, there was news about some abrupt moves that were being made to make the brand profitable again, but it appears that their financial troubles were too much. This means the remaining skiers under contract with Coreupt are officially released from their obligations to the brand. Look for announcements of new ski sponsorships for skiers like Kevin Rolland, Justin Dorey and J.F. Houle in the near future.
Vermont’s Northeast Kingdom Expecting $600 million Investment
The Northeast Kingdom—one of New England’s most remote and poorest corners and the home of Jay Peak—is in for an astonishing degree of investment and change. Jay Peak co-owner Bill Stenger has performed some pretty incredible acts of financial ingenuity since he started using the little-known EB-5 program, which allows foreign investors who put $500,000 into job-creating projects to get U.S. visas, to fund much of Jay’s recent development. The $600 million invested will go toward developments at both Jay Peak and Burke Mountain, a biomedical research campus, a new plant for a German maker of energy-efficient windows, and other projects that promise to bring 5,000 new permanent jobs to the region. Stenger will be putting in about 50,000 air miles this fall traveling to South Asia, South America, and Europe to raise funds from foreign investors—not an itinerary you hear often from the owner of a Vermont ski resort. Read all about it the original article by the Burlington Free Press.
Red Mountain to Add Entire Mountain to Inbounds Terrain
Rossland, B.C.’s Red Mountain recently announced plans to add almost 1,000 acres to its inbounds terrain, bringing the total to 2,685—about 200 acres bigger than Jackson Hole. The addition will encompass all of nearby Grey Mountain. Skiers will be able to summit Grey starting this winter by boarding an oversized snowmobile/bus called an Alpine Sherpa, with a lift to be installed for the 2013/2014 season.
Royal Gorge XC Center to be Run by Sugar Bowl
Coming after the announcement that the Truckee Donner Land Trust, Trust for Public Land, and the Northern Sierra Partnership collectively bought the Royal Gorge cross-country center, saving the largest xc skiing operation in the country from being turned over to private developers, Sugar Bowl has announced it will operate the facility and invest $500,000 in the center. Trails already connect the two, and Sugarbowl has announced pass offers for both.
North Cascade Heli Skiing and New York’s Big Tupper Hit for Environmental Transgressions
Washington’s most notable heli ski operation will have its Forest Service permit put on probation after it was discovered that the operation had cut down high-elevation trees to make for better landing sites, which had been forbidden in their permit. Across the country in the Adirondack Mountains, New York’s Big Tupper will be forced to close after much of its budget was devoted to a lawsuit brought against a massive development project at the resort. The Article 78 lawsuit, which had been brought by Protect the Adirondacks the Sierra Club, charged that they did not complete wildlife studies before granting development permitsa and that several hearing rules were also violated. The all-volunteer group called ARISE (Adirondack Residents Intent of Saving their Economy), which had been running the ageing mountain for the past three years, only has $37,000 left to run a resort that costs $160,000 a year to operate, and now that a few potential investors have backed down from their support due to the potential of the litigation, the mountain will be forced to close its doors this winter.