Posted by: thepinetree on 04/28/2014 03:31 PM
Updated by: thepinetree on 04/28/2014 03:37 PM
Expires: 01/01/2019 12:00 AM
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Bear Valley Mountain Cooperative In Negotiations for Bear Valley Mountain and Village Properties. Own part of this unique gem of a resort today!
Bear Valley, CA...The Bear Valley Mountain Cooperative has signed a non-exclusive letter of intent to purchase Bear Valley Mountain and village properties. This means that the time has come for supporters of Bear Valley and the Cooperative effort to purchase their co-op membership through the co-op web site at www.bvmcoop.org. The recent developments were announced at town hall style meetings held simultaneously at the Bear Valley Mountain and Bear Valley village on Saturday, April 12th. Details and the content of the presentations can be found at www.bvmcoop.org. In a packed community center, Mike Wallenfels of the Bear Valley Mountain Cooperative board told an audience of local homeowners that, “We have completed the first step in negotiations for Bear Valley Mountain and village properties and will start the process of reviewing their operations with the intent to finalize the purchase before the end of the summer.” At the mountain meeting, Steve Troyer, another board member, stated, “This review process will result in a multi year plan to purchase and revitalize Bear Valley which each cooperative member will be able to review before the purchase is ratified by the membership.” ...
The web site has been updated to include information on purchasing either individual or business membership shares. Each membership share is priced at $2,500 and provides substantial benefits in terms of discounts and services made available to its members after the purchase has been completed. You can find details at www.bvmcoop.org and download the Cooperative bylaws and disclosures before making your membership purchase. If for some reason the purchase does not go through, all paid memberships will be refunded in full.
This is an exciting time in Bear Valley’s history as a destination resort in the Central Sierra. Started in the late 1960’s it rapidly grew a reputation as a popular resort for bay area residents and Hollywood stars. Situated closer than most Tahoe resorts and with less weekend traffic, the mountain offers 1900 feet of vertical, snowmaking, and amazing terrain that supports beginners to experts with easy access to backcountry skiing and riding. For Bay Area and Central Valley residents, Bear Valley is the most affordable major resort with unlimited season pass renewals starting at just $279 and full day tickets for the 2013/14 season were just $64. The Bear Valley Mountain Cooperative plans to keep the resort affordable and accessible to a wide variety of skiers, boarders, and backcountry enthusiasts as well as embark on plans to rejuvenate the resort and local community through a range of investments and improvements to enhance the areas year round recreation and entertainment options.
After planned expansion and improvements were delayed due to regulatory challenges, the resort announced in 2013 it would begin seeking the capital to fund the plans. According to local realtor, Joel Barnett of Bear Valley Real Estate, “Local homeowners and business owners have rallied behind the cooperative concept, which is now a serious contender to take over this amazing resort and mountain village.” He also added, “It is one of the few resort villages offering ski out homes and easy access to abundant year round recreation such as boating, fishing, and biking in a region that is an absolute gem along Ebbetts Pass National Scenic Byway.” http://scenic4.org/
In addition to selling memberships the cooperative is asking for donations to help defray start up and legal costs during the purchase process. Please go the web site to donate today.
About Bear Valley Mountain Cooperative
Formed in late 2013 out of a town hall meeting where a local homeowner, Steve Troyer, presented the concept of a forming a co-op that could purchase the resort and village fashioned after the Mad River Glen ski area cooperative in Vermont. The initiative quickly gained momentum and formed an interim board consisting of local business owners and homeowners with experience in business planning, marketing, finance, and resort operations. Newly formed as a California Cooperative Corp. they are have filed for non-profit 501c4 status as they raise awareness and the necessary funds to purchase both the Ski/Snowboard resort and Village properties. www.bvmcoop.org
About Bear Valley Mountain & Bear Valley Village
Bear Valley Mountain and Village is the premier family mountain sports and lodging destination in the Central Sierra. Located between Yosemite and Lake Tahoe on National Scenic Byway Highway 4, and surrounded by two of California's largest federally designated wilderness areas, outdoor activities in Bear Valley are abundant. Bear Valley Resorts is known for its warm, welcoming staff, affordable ticket prices, a variety of terrain, and a commitment to providing the ultimate mountain experience. The ski and board area offers 1,680 acres of varied terrain, more than 70 trails, two terrain parks featuring more than 18 features, and 1,900 vertical feet. Bear Valley averages over 30 feet of annual snowfall per year. Bear Valley Village is home to a variety of services, shops, restaurants and a wide range of accommodations. Winters provide skiing, snowboarding, cross-country skiing, sledding, snowshoeing and snowmobiling. Hiking, fishing, cycling, rock climbing, kayaking, camping and a variety of cultural events make for a perfect summer of activities. More information is available at www.bearvalley.com.
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