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Someone else here mentioned that there are water issues at the site, THAT is the biggest threat to development. It could end up being that MPC becomes homesites and not a resort -- do not count this option out....... Certainly he has taken notice of the increased interest in WV real estate as a place to escape...
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Andy=Fishnski=HOMEBUSCUIT!!! WuzzzUppp? Hey Jimmi I can't catch up with you & rogerz & crew on the amount of post's but who has posted with as many Alias's?
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Thanks for the effort Skier219,but I still get a "acsess denied"..oh well, we can just pull up a topo map & make our own ski area design.
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The prices for the high-end condos have started dropping and there seems to be an over abundance of them on the market. I believe that, outside of the ultra luxurious properties now under construction, the only market left at SS is in the mid-lower cost older units outside of the village center that families buy for personal use
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I came across an MIT study on New England Ski Resort real estate prices. Statistical buffs will love it - heres the link:
http://mit.edu/cre/research/papers/wp82wheaton.pdf
Their conclusion is that ski resorts/markets quickly respond to short-term positive shocks (ex. a great snow year, a good economy) and permanent shocks (ex. change in demographics) with new real estate supply. Real estate values initially respond positively to these shocks but are ultimately (in about 5 years) overwhelmed by the new supply, and in the long run drop in price on a real (inflation adjusted) basis. So in other words - investors simply can't keep pace with the developers.
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I think if Marsh Mountain turns it's attention to building Tory, they will do a better job with less controversy than Mr. Bright will do on MPC.
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John, when i mentioned your neg posts i should have put a smiley face there...i know that you are just trying to make common sense & "reality" remarks...Me, i just live in fantasy land! The Dude that laid my foundation & is finishing up on my well & septic told me that he is now working on a 37 acre tract in the Valley that will house 500 duplex units! The canaan valley store better expand! You guys are WAYYYYY to Smart for me with all your economic & market Ect..." posts It justs clouds the brain.....I think though that you all are missing 1 large facter...the ski area itself...This ski area will be HUGE in relation to the mid atlantic & SE.Doesn't that fact change the whole equation?...I like to relate a lot of things to fishing,which is what i do when i am not skiing.....Fishnski..If there are no fish in a area you build a man made reef so attractive that the fish will come!!! Throw in some Chum & you have a friggin feeding frenzy.....Hope your reading Mr. Bill Bright!
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He has only made 4 major changes at the resort: closing Nightmare, adding 2 new lifts, opening Woods Run (one of the best @ WP), and building the Snowtubing park/ Mountain House.
Quote:Where is (was) this? I've seen many references to Tory here, but don't know anything about it.
.. Job Knob (Tory Mtn).
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the fact that Bill Bright & his research team were pleased with the results of the weather instruments that are placed sratagically on the mtn.
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