NELSBEER;c-48979 wroteAlso the senior management, which held a lot of stock, was getting older. It was as a good a time to sell as they were likely to see and in one action they got clear of the ugly association with drug monies and any succession problems.
If you notice the Carinthia redevelopment had stopped with the base lodge & West Lake complete but no hint of the money making lodging project was ever started. Signs that financing was getting tighter or interest was turning in a new direction.
It was just time to go...
Even if Peak didn't sell to Vail, the Carinthia base development as planned, was likely not going to happen, or if it did, in greatly altered fashion due to the discovery of some significant environmental remediation work that would of/will be needed to happen due to the past (pre Peak, likely pre ASC) dumping of a plethora of old tree debris and other apparently old school mining era debris under/around what is now the main (not slopeside) parking lot, where a fair amount of the development, included the crucial parking garage, was slated to occur.
Doubt even "Vail bucks" would want to take on the actual and legal costs, to develop something on the original scale Peak had planned knowing what they know now
