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Permalink Reply by Ripsaw on December 15, 2009 at 3:48pm ."do you really want to be at the top of the mountain with winds blowing that hard?"
Permalink Reply by B-McSki on December 15, 2009 at 5:33pm 60MPH is high winds
Not unusual at Sugarloaf. Gusts of even higher speeds occur several times a year. Of course, at some point you have to ask the question..."do you really want to be at the top of the mountain with winds blowing that hard?" I've snowshoed to the summit in conditions like that and I can tell you it is a VERY nasty environment.
Permalink Reply by Glade Monkey on December 15, 2009 at 5:36pm
Permalink Reply by jerryg on December 15, 2009 at 6:47pm
Permalink Reply by jerryg on December 15, 2009 at 6:50pm
Permalink Reply by sitzmark on December 15, 2009 at 7:07pm Those bullet points are unclear. It comes down to WHO is financing the project for SL. I thought CValley was financing the project (The TOWN has 15+ million laying around to toss into a potential black h***? I doubt it.). Let's clear that up first.
Bullet one: are you talking about interest rates? Cost of Money in the finance world (generally speaking) involves Interest Rates.
Bullet two: The Financing company needs to be proactive in the collectibility of the Debt. SL would be crazy to borrow if they weren't 110% sure they could pay it back.
Bullet three: The Town needs to verify it's financial security? That plays into the first statement... in this situation it seems that SL's financial security needs to be under the microscope. If CValley has +15mil to throw at SL, then it better perform the due dilligence on the collectibility.
1200 per hour? That's brutally slow. Base to Summit, 1200 people per hour? That sounds terrible.
Permalink Reply by Glade Monkey on December 15, 2009 at 7:16pm Think the issue is that CValley has a surplus of money (don't recall how much) and a long range projection of declining economic health for the region. The exercise is one of a slow death with cash in the bank, or "risk it" and see if investment in SL will bring more tourists (i.e. $$) into the picture for a brighter future. Timber and paper are out ... "rural Maine" is in a tough spot to replace jobs, tax base, etc. Not an easy decision. Whatever the direction, hope it pans out.
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