Blue Mountain sells for nearly $32M

Published August 08. 2021 02:40AM
BY TERRY AHNER TAHNER@TNONLINE.COM
ALower Towamensing Township resort has been purchased for a substantial chunk of money.

The property transfer is from the Tuthill Corporation to BMR Resort LLC, Denver, Colorado, 33 parcels, $31,887,343.

A separate transaction is for 29 parcels for $1.

Maureen Richardson, senior vice president at River Communications Inc., New York, confirmed the terms of the property transfer.

“The $31,887,343 is correct for the 33 parcels,” Richardson said. “As to (what’s referred to as) the 29 parcels, it isn’t a separate conveyance, just a confirmatory deed that was recorded.

“The purpose of that was to convey any interest any of the various sellers had in any of the properties that they weren’t showing as holding by record title (because of the legal description gaps/overlaps). The legal descriptions are the same.”

Barb Green, who has served as president of Blue Mountain Resort, announced last month that the resort closed with KSL Resorts.

Green said at that time that KSL, which now manages the Lower Towamensing Resort, plans to fully develop the mountain to its potential.

KSL Resorts also bought Camelback Resort in Tannersville about 18 months ago, but Green said the goal is to “keep us totally separate resorts.”

Green previously said KSL Resorts invested in Blue Mountain Resort because of its excellent ski reputation, among other attributes.

She said the plan is to maintain the individuality and personality of the mountain and to provide the tools to make it even more successful.

In 1962, Ray Tuthill, the company’s founder and former president, bought 322.5 acres with dreams of one day opening a ski area to solve a family problem - having to travel long distances to do something they loved.

Blue Mountain Resort began its operations in 1977 when Tuthill’s dream became a reality, opening the doors to then-named Little Gap Ski Area.

The ski area offered four trails and two lifts in its first year of operation, and lift tickets were $12.

The ski area expanded, reaching the bottom of the mountain in the 1990s, to the area currently known as “The Valley.” This allowed for a 1,082-foot vertical for skiing, the highest in the state, and the most varied terrain for guests of all ability levels.

When Tuthill died, Green stepped in as president and CEO to continue her father’s legacy.

In recent years, Blue Mountain opened Slopeside Pub and Grill, as well as outdoor adventures in its Summit Adventure Park.

The resort has been working on plans for a six-story hotel built on 1.95 acres near the Summit Lodge for the past few years. The hotel, if built, would consist of 135 hotel units, Green previously said.

Lower Towamensing Township plans to submit its highway occupancy permit application for its central sewage facility by October.

The system will connect to the existing Blue Mountain Ski Area wastewater treatment plant, which will be upgraded to account for the additional sewage flow.

The plan will cover the entire township, with concentration on the Aquashicola, Walkton, Little Gap, Weiner Mobile Estates, and Red Hill Road portions of the township where malfunctions of existing on-lot sewage systems are present.

Richardson said the plant will continue to be owned and operated by the Tuthill Corporation.

“Blue Mountain Resort LLC has assumed all responsibilities under the previous agreement that Tuthill Corporation made with Lower Towamensing Township as it relates to the sewage project,” she said.

Richardson said Blue Mountain Resort LLC is the company formed, which bought the land, buildings and other assets of Tuthill Corporation, the previous operator of Blue Mountain Resort.

“Barbara Green remains as an owner in Blue Mountain Resort LLC and continues as CEO of the resort.”

https://www.tnonline.com/20210808/blue-mountain-sells-for-nearly-32m/