Greek Peak Responds to Song ... Buys Toggenburg
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There are 4 ski areas near each other in CNY. South of Cortland is Greek Peak, and north towards syracuse is Song, Labrador, and Toggenburg Last year Song bought Labrador. Now Greek Peak answers. Greek Peak has been very successful since bankruptcy. New ownership's first year, 2013-14, they made $500k profit and completely reinvested it. I don't know how they did this past winter cash-wise, but they are building a huge deck attached to the bar and have started summer mountain bike operations.
These transactions have completely upended the CNY ski market. Now the two largest areas each own one of the smaller areas.
It'll be interesting to see what happens with the ticket options. Greek was always one-price-every-day-no-matter-how-many-lifts-run with a PM option and Togg has offered any-X-hour tickets.