On June 4th, Vail announced its acquisition of Mount Sunapee, NH, Okemo, VT, and Crested Butte, CO. The transaction was as straightforward as an $82 million purchase can be– not very.
There was one catch. Mount Sunapee operates on land leased from the state of New Hampshire. Vail could not simply take over the lease without going through the appropriate state-approved process. This process includes approval by the New Hampshire Department of Natural and Cultural Resources.
In July, the state of NH and Vail hosted a public hearing on the matter. The hearing took place at Mount Sunapee and according to an article by the Concord Monitor, 82% of the attendees were in support of a transfer of the resort’s lease with the state.
A meeting is scheduled for today, September 26, to announce the state’s decision. The announcement is expected to finalize the transfer of Sunapee’s lease to Vail Resorts. This clears the way for skiing and riding at Mount Sunapee this winter.
Find the entire Concord Monitor article here: State to hold information session on Vail-Sunapee decision Wednesday
