Ski co-op to purchase northwestern ski facility

Debt resolution clears way for purchase of Shames Mountain near Terrace, BC

MY Recreational Mountain Coop says it can now go ahead and purchase the Shames Mountain Ski facility from current owners, the Shames Mountain Ski Corporation.

A debt forgiveness program approved by the provincial government by the ski corporation and a deal to have the co-op pay outstanding royalties over 10 years clears the way for the purchase to proceed, co-op founding member Curtis Billey said today.

The resolution of these items means that My Mountain Co-op can now close the purchase agreement and proceed with the operation of the hill into the future,” said Billey.

It also means the co-op can now apply to have the [land] tenure transferred to it. This is a great way to kick off the 2012-13 season at Shames.”

My Mountain Co-op currently has more than 1,000 members and continues to draw support from area businesses, individuals and corporations .

The co-op operated Shames last year under a lease deal with the ski corporation pending a resolution of the outstanding debt and royalties.

 

 

 

 

 

 

 

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