Oliver ski resort’s future is up, then down

PENTICTON – The status of a South Okanagan ski resort appear headed downhill once again.

Less than a month after Mount Baldy Ski Resort announced it was making preparations to open the hill, even announcing an opening date, the resort has posted notice on it’s website page saying it is once again in jeopardy of not opening for the season.

The notice states a Memorandum of Understanding between the ski resort’s creditor and Baldy Capital Corporation made in December last year has never been formalized into a purchase agreement for the resort, located approximately 18 kilometres east of Oliver.

A “compromise” proposal with a “drop dead” deadline for acceptance, set at November 4 at 4 p.m. has since come and gone. Baldy Capital Corporation was prepared to open the ski hill for the season, even without a completed purchase agreement, but ran into problems getting insurance.

The Baldy Capital Corporation notice concluded by saying, “Although it is still within the company’s ability to open and operate the ski hill for the season as planned, the window of opportunity is now rapidly closing and control of that decision is now out of the hands of the company, as the parties are now deadlocked. Although the company is evaluating all alternatives it is unable to say with certainty what can be achieved in time for this season.”

To contact the reporter for this story, email Steve Arstad at sarstad@infonews.ca or call 250-488-3065. To contact the editor, email mjones@infonews.ca or call 250-718-2724.

Steve Arstad

I have been looking for news in the South Okanagan - SImilkameen for 20 years, having turned a part time lifelong interest into a full time profession. After five years publishing a local newsletter, several years working as a correspondent / stringer for several local newspapers and seven years as editor of a Similkameen weekly newspaper, I joined iNFOnews.ca in 2014. My goal in the news industry has always been to deliver accurate and interesting articles about local people and places. My interest in the profession is life long - from my earliest memories of grade school, I have enjoyed writing.
As an airborne geophysical surveyor I travelled extensively around the globe, conducting helicopter borne mineral surveys.
I also spent several years at an Okanagan Falls based lumber mill, producing glued-wood laminated products.
As a member of the Kaleden community, I have been involved in the Kaleden Volunteer Fire Department for 22 years, and also serve as a trustee on the Kaleden Irrigation District board.
I am currently married to my wife Judy, of 26 years. We are empty-nesters who enjoy living in Kaleden with our Welsh Terrier, Angus, and cat, Tibbs.
Our two daughters, Meagan and Hayley, reside in Richmond and Victoria, respectively.

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