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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (27986)	10/8/2017 2:47:49 PM
From: Ditchdigger	Read Replies (2) \| Respond to of 34328

I think perhaps you're thinking on to large a scale regarding SKIS' potential RE development. Of course this all starts with a plan. Again what isn't made clear in the financial filings is their development plans. I can only speak of what I'm familiar with regarding the Mt Snow area and a few things to consider. You don't develop anything in the state of Vermont without the states approval and it can take years and a ton of money to get that approval--they have it. There is a "master plan" of development for the MT Snow area, this plan has been approved through the act 250 state of Vermont permitting process, they have that permit in place--essentially they are shovel ready.--short of the financing. As mentioned previously, they will be seeking those funds through the EB-5 investor program. (so far, these guys have been pretty straight shooters. The CEO Boyd is a bit of an old school industry promoter but that's to be expected). My real worry is that they continue to buy more areas, this has been the downfall of all previous operators. They need to focus on their main areas, especially MT Snow and Hunter. While not many I've spoken to share my thinking, I do think the Boston market has huge untapped potential. Someday these "active" millennials are going to wake up to the joys of skiing. Here is a brief description of the master plan mountsnoweb5.com Future Projects The Carinthia 1 LP Project is the first of multiple EB-5 projects at Mount Snow. Once the Carinthia phase 1 is complete, Mount Snow will begin Phase 2 of the Carinthia Development. Mount Snow’s master plan, approved by the state of Vermont, includes the development of up to 900 residential units and 200,000 square feet of commercial space. The first future project will be the development of up to 150 residential units at the Carinthia Base Area. These units will be luxury mostly two- and three-bedroom units at the base of Carinthia, with the Carinthia Ski Lodge as the hub of activity. Amenities for these residential units will include an outdoor swimming pool, hot tubs, an ice skating rink and indoor exercise facility. Following the development at Carinthia, projects will take place in the Main Base Area of Mount Snow and the Sundance/Snow Lake Area of Mount Snow. The Main Base Area includes up to 200 residential units and several skier service buildings; the Sundance/Snow Lake area includes approximately 500 residential units. All units are ski in/ski out units. For more information on future offerings, please contact us. The Mount Snow master plan has been approved by several government agencies. The United States Department of Agriculture Forest Service accepted Mount Snow’s master plan in 2010. The State of Vermont Agency of Natural Resources, which conducts a rigorous and thorough review before issuing permits, approved Mount Snow’s master plan in 2011.