Jackson, New Hampshire — It’s seemed like a quiet offseason at Black Mountain, but it’s actually been one full of complicated real estate transactions.
In a letter penned to guests this past weekend, Black Mountain Community Corporation GM Erik Mogensen detailed that they now own the three parcels of land that make up Black Mountain. The first parcel, which contained the ski resort’s assets, was purchased around a year ago. The other two parcels, which included cell phone towers, required more effort than expected, with other investors joining in to complete the purchase. Those investors have joined Indy and Entabeni Systems as part of the co-op.
Erik also detailed more about the ownership structure. There will be a board of trustees that will manage the mountain. It sounds like potential investors will go through an interview process to see if they’re a good fit. Progress continues on an SEC Regulation A filing, but it has yet to be fully completed due to the logistical complexities.
Offseason Improvements
Various updates have been made to Black Mountain this offseason, including upgrades to snowmaking, lifts, and buildings. New trails have also been added. More details about these projects are expected in the weeks ahead. Black Mountain is aiming to open earlier than last season, so we’ll see if Black pushes for an opening in November.
You can read Erik’s full letter to the community here.
Image/Video Credits: Black Mountain Community Corporation
