Laurel Mountain Ski Resort changes hands

After being placed on the auction block this past fall, Pennsylvania’s Laurel Mountain ski area has been purchased by Virginia-based HomeSpan Financial Group, according to published reports. The purchase will allow the resort to re-open this winter, but will not allow time for any capital improvements. Prior to the sale, it was unclear if Laurel Mountain would open for the upcoming winter season.

Since re-opening in 1999 after a 10-year closure, Laurel Mountain has experienced many ups and downs. Immediately following the re-opening, the resort faced several mild winters. A snowy 2002-2003 winter season was not enough to allow the resort to pull through, and the owner decided to place the resort up for auction.

Terms of the sale have not been disclosed, although earlier reports suggested the owner was looking for a bid of at least $7.5 million.

According to a report published in the Tribune-Democrat, HomeSpan hopes that the purchase of Laurel Mountain will help the two-year-old financial services company grow into the ski industry. The company plans for a major marketing push in future years, and also has an eye on expansion, although it is unclear how much expansion will be permitted by the state. The ski area is located within a state park, and is leased under an agreement with the state of Pennsylvania.

Ski Chalet plans 2004 equipment seminar

Confused about recent changes in ski equipment technology? An attendee at the recent Ski Chalet Jeannie Thoren clinic was, and suggested that the store offer an equipment seminar. Ski Chalet is following up on the suggestion and plans to hold a free Ski Equipment Seminar on Thursday, November 13 at its Arlington, Virginia location.

“We want to give customers an easy way to find out about advancements in ski technology,” explained Ski Chalet’s Cameron Brent.

Attendees will learn how skis have changed in shape and length in recent years, and how this impacts performance. The importance of properly fitted boots will be stressed, as well as an explanation of the latest in binding technology. The presentation will begin at 7 p.m. For more information or to make reservations, contact Ski Chalet at 703-521-1700 or send e-mail to thinksnow@skichalet.com.