Perfect North Podcast (with TLM content)
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wgo
one month ago
Member since 02/10/2004 🔗
1,455 posts

stormskiing.com

TLM content starts around the 1 hour 30 minute mark. Some Indy Pass discussion near the end.

Laurel Hill Crazie - DCSki Supporter 
one month ago
Member since 08/16/2004 🔗
1,941 posts

I skipped ahead to the 1:30 mark. From their perspective, those are some interesting insights into the local market and culture. The interior Mid-A will benefit from the competition the Perfects can provide. Timberline has some of the best terrain in the region, and it can give Epic and Ikon resorts a run for the money. The talk about their interest in possible future acquisitions is really exciting. If and how soon will no doubt depend on how well Timberline does over the next few years. There might be hope for Blue Knob.

snowsmith - DCSki Supporter 
one month ago
Member since 03/15/2004 🔗
1,440 posts
I wonder who the high bidder was. He mentioned this bidder was not a ski business veteran. Sounded like the Perfects stretched the acquisition budget they set to complete the purchase. And thank Uhler they did. 
marzNC - DCSki Supporter 
one month ago
Member since 12/10/2008 🔗
2,812 posts

Found this about the auction in 2019.

November 2019: Timberline ski resort sold at auction for $2.2 million

" . . .

Perfect North Slopes was the second-highest bidder at an auction this week, but high bidder First Asset Holding LLC agreed to assign its bid of $2.2 million to Perfect North Slopes in exchange for $30,000 cash.

. . ."

marzNC - DCSki Supporter 
one month ago (edited one month ago)
Member since 12/10/2008 🔗
2,812 posts
Timberline holds snow in late season better than Perfect North.  During the first season under Perfect ownership, season pass holders at Perfect North were offered discounted lift tickets for Timberline.  A man I chatted with on the chairlift decided to see what skiing in WV would be like.  He was quite happy and clearly planned to return in the future.
JimK - DCSki Columnist
one month ago (edited one month ago)
Member since 01/14/2004 🔗
2,822 posts
I like the Perfect North/Timberline guy (Jonathan Davis), sensible, professional, and enthusiastic.  Around 1:40-1:42 they talk about how after acquiring T-Line they now have a model for the efficient acquisition of additional ski areas if the opportunity arises.  Like LHC said, I'd love to see them go after Blue Knob!
johnfmh - DCSki Columnist
one month ago
Member since 07/18/2001 🔗
1,964 posts
I encourage people to listen to the entire podcast. The earlier sections talk about how Perfect North Slopes started, their business philosophy, their attitude towards snowmaking, night skiing, running a commuter mountain, Vail, etc. Good stuff. 
superguy
one month ago (edited one month ago)
Member since 03/8/2018 🔗
365 posts

Yeah, BK would be a good for them.  It'd be priced right around what they paid for T-Line. BK was sold for somewhere between $1.5-1.7 million, though no telling which way the value has gone.  The owners are skiers, but not ski biz vets - mostly doctors lawyers and vets.  Definitely not their focus or primary biz - and BK isn't really turnkey either. My guess is they each kicked in about $100k and bought it together. 

The Fiores from Altoona supposedly bid on it too and had a better offer but it stalled for some reason. They would have had the money to invest.

The Perfects could probably turn that place around too. I don't know how much it cost to get T-line operational again, though I remember the talk here was that in pretty rough shape - perhaps worse than BK.  Would they have the money or financing to do it?

If they don't grab it, I'd like to see Boyne or Alterra grab it.  Vail needs some competition - especially in that region.

superguy
one month ago
Member since 03/8/2018 🔗
365 posts

Definitely 30k well spent.  I doubt it would have gotten the needed love from a company like that.

marzNC wrote:

Found this about the auction in 2019.

November 2019: Timberline ski resort sold at auction for $2.2 million

" . . .

Perfect North Slopes was the second-highest bidder at an auction this week, but high bidder First Asset Holding LLC agreed to assign its bid of $2.2 million to Perfect North Slopes in exchange for $30,000 cash.

. . ."

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