Comments on: Vail Resorts stays mum about Fortress-Intrawest-Whistler drama http://www.skirebel.com/magazine/archives/6411 Wintersports Rediscovered Wed, 01 Feb 2012 23:00:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bird http://www.skirebel.com/magazine/archives/6411/comment-page-1#comment-4538 Bird Tue, 23 Mar 2010 17:45:17 +0000 http://www.skirebel.com/magazine/?p=6411#comment-4538 Not sure why you would say its inaccurate. There is no chance in hell that Intrawest can sustain a business where 400mil in credit is at 17% interest. After their first year the renegotiated debt added 100+mil a month in opperating costs. 17% will no doubt kill them. The idea here is this is a very short temp solution till they sell more properties to pay off the 400mill portion of credit loan. If not Whistler you can count on Tremblant or Steamboat going. They also cant cut expenses any more as they have trimmed the company down to the bare bones already. Not sure why you would say its inaccurate. There is no chance in hell that Intrawest can sustain a business where 400mil in credit is at 17% interest. After their first year the renegotiated debt added 100+mil a month in opperating costs. 17% will no doubt kill them.

The idea here is this is a very short temp solution till they sell more properties to pay off the 400mill portion of credit loan. If not Whistler you can count on Tremblant or Steamboat going.

They also cant cut expenses any more as they have trimmed the company down to the bare bones already.

]]> By: Sean McDonald http://www.skirebel.com/magazine/archives/6411/comment-page-1#comment-4457 Sean McDonald Wed, 17 Mar 2010 16:54:44 +0000 http://www.skirebel.com/magazine/?p=6411#comment-4457 This article is innacurate. Intrawest has negotiated refinancing of debt so Vail Resorts is no longer able to purchase Whistler Blackcomb. This article is innacurate. Intrawest has negotiated refinancing of debt so Vail Resorts is no longer able to purchase Whistler Blackcomb.

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