Jim Sullivan, operator of Magic Mountain and president of Magic Partnership, sent out a State of the Mountain message to skiers, riders, and shareholders last week.
"Our goal of setting aside funding for early season snowmaking proved successful which enabled us, with the assistance of Mother Nature, to open almost all of the trails. The snow making crew has done a fine job and will continue to work diligently in order to assure that we maximize our ability to extend the coverage and to avert the effects of any warming trends. In sum, we are off to a good start ...
"As far as the Magic Partnership LLC is concerned, we have made steady progress since the shares were offered last summer ... To date we have sold 139 shares, and therefore are close to the halfway mark of our initial goal of selling 300 shares. We will not employ any of the funds raised through the Partnership until we hit the 300 share threshold. Obviously there is work to do in terms of recruiting new shareholders. Admittedly my focus the past couple of months has been on getting the mountain open, but now that we have accomplished that task and the season is underway, my primary focus will revert to selling shares and solidifying Magic's future," Sullivan said.
So if you ever wanted to own a piece of a ski hill, here's your chance, at $3,000 per share.