I attended the Kmart open meeting last night where Killington management
introduced their new *cough* partner *cough* in their property development
venture.  It turns out these guys were the ones who held the Fleet Bank
construction loan paper ASC had defaulted on.  As part of the deal, these
guys released their lien at Steamboat.  I presume this is on the Steamboat
Grand Summit property.  Killington Ltd still has a miniority stake in the
project but it's pretty obvious that ASC isn't going to be borrowing money
to do any of the development.

The parcels of land in the new venture:
The Snowshed parking lot.  This is meant to be the site of the new
village.  Also, the parking lot for the golf course.

Rams Head is still a parking lot owned by Killington.

The other side of the Snowshed snowmaking pond and 1/3 of the way up
skier's right of the Snowshed trail.  They didn't say but expect another
monster hotel on the other side of the pond and condos going up the
Snowshed trail.

A triangular plot of land along the access road that starts at the
Superstar quad and runs down to the compressors on the Snowshed trail.
It's now the Yodeler trail.

The new Snowshed parking lot will be below that starting at the work road
to the snowshed compressors and ending at the Snowshed base lodge.  This
plot is owned by Killington.  Killington also owns land on the access road
below the Mountain Inn where they could put a satellite lot.

The learn to ski area gets relocated to Rams Head.

A big plot of land next to the Rams Head parking lot that wraps around the
lot on the downhill side and ends at the brook on the Access Road 1/4 mile
below the power transformers.

A triangle of land between Snowdon and Rams Head where the bottom of
Squeeze Play is.

Over below Bear, a huge hunk of land below the Sunrise condos that goes
underneath the old Northeast Passage lift line.

Killington management / Alan Wilson said that the only thing they're doing
this summer is improving the Snowshed base lodge.  The property developer
hasn't decided what and when they're going to build.  They did utter the
word "Timeshare" once.  These new guys aren't skiers.  One of them claims
he's moving his family to Vermont.

A Pico interconnect is no longer linked to the village project.  No
surprise there.

They had free reeb and eniw.  Very un-Killington-like.

I'd give 'em 6 months to a year before they start showing revised plans to
the town.

Geoff

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SkiVt-L is brought to you by the University of Vermont.

To unsubscribe, visit http://list.uvm.edu/archives/skivt-l.html