Tag: Snow Summit

Bear Mountain Resorts Shareholders Approve Sale to Mammoth Mountain

Big Bear, CA, November 3, 2014 – With the final shareholder votes tallied, the Snow Summit Ski Corporation, a long standing icon of the Big Bear Valley, will change hands perhaps later this month.The official count of 68% in favor and 11% against the sale was announced at the annual stockholders meeting. Thus the sale of Snow Summit and Bear Mountain to Mammoth Mountain was ratified. The largest concern expressed at the November 2, 2014 stockholders meeting seemed to be access to free lift tickets and parking privileges. President and CEO Dick Kun stated that that it was a good deal for the shareholders who will receive in the neighborhood of $600.00 per share, but also draws to a close any future stockholder privileges. He further went on to explain that their aging management team along with winter resort industry consolidation was what helped lead them to the sale decision. In addition, Mr. Kun, the major stockholder, told the audience that during the negotiation process, “they never lost sight of shareholder concerns, and getting the highest possible price per share or return on investment.” In order to complete this transaction, the Forest Service must issue a new use permit, but according to Brent Tregaskis, newly named area General Manager, “this should not be an issue as Mammoth has the highest reputation as a resort operator.” According to others on...

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Mammoth Resorts to Acquire Bear Mountain Resorts

Big Bear, CA, Sept. 24, 2014 – Mammoth Mountain Ski Area, owner of both Mammoth and June Mountain, announced today that it has entered into an agreement to acquire Big Bear Mountain Resorts which includes both Bear Mountain and Snow Summit, for 38 million dollars. Closing is subject to certain conditions including shareholder approval. The combination of these four iconic California mountain resorts will create one of the nations largest ski companies with over 2 million visitors per year. To celebrate the occasion, Mammoth has announced a new season pass that includes unrestricted access to all four mountains at a discounted rate of $689. for adults. The new Cali4nia Pass will go on sale at the Hot Dawgz and Hand Rails event at Bear Mountain this Saturday and then will be available online for a limited time only at...

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Death at Dock is Under Investigation

Big Bear Lake, CA, September 3, 2014 – The Labor Day Weekend boosted the local economy by bringing plenty of tourists into town, but the holiday was not without its accidents. On Saturday evening, the Big Bear Sheriff’s Station responded to a report of a body in the lake off Waterview Drive, between Boulder Bay and Metcalf Bay. Deputies found a 51-year-old deceased male in the water near a dock. The Coroner’s Office recovered the body but will withhold the victim’s identity  until the next of kin has been notified. The circumstances of the death are still under investigation. On Monday afternoon, a mountain bike accident at Snow Summit was serious enough to require an airlift for urgent medical treatment; no word on the extent of the cyclist’s injuries. The last holiday weekend saw one serious incident on the mountain: On the morning of July 4th, a 54-year-old Valencia resident fell off his mountain bike while riding a trail. He was not breathing when found and was airlifted to the Loma Linda University Medical Center, where he succumbed to his injuries the next morning. The Big Bear Municipal Water District reported no watercraft collisions over the three-day period between August 30 and September...

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Snow Summit Kicks Off Summer on Saturday

Big Bear Lake, April 18, 2014 – Snow Summit reopens its renowned bike park for the summer season this Saturday, making it the first and only lift-serviced bike park open in North America. The base area at Snow Summit will be a Vendor Booth City, featuring dozens of brands like Troy Lee Designs, Five Ten, Smith Optic, Ryders Eyewear, Marin Bikes, Freestyle USA, and Trek. Some of the attractions are DJ Slip Matt, raffles, prizes, huge product giveaways. Drink specials will be available for the 21 and older crowd. Summertime season passes for the Bike Park are now on sale too. Other summertime activities to enjoy at Summit include hiking, sightseeing, and the Scenic Sky Chair. Chris Riddle, Vice President of Marketing for Big Bear Mountain Resorts, said, “We’re excited to be the first bike park to open for the season, and we’ll be one of the last to close. It’s going to be a long, fun season here at Snow...

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Dorner Reward Still Not Fully Disbursed

  Big Bear, CA, February 11, 2014 – The City of Los Angeles offered a $1 million reward last year for the capture of fugitive homicide suspect Christopher Dorner, however the Big Bear couple taken hostage by Dorner and two other men who were to share in the reward money haven’t received all that they were promised.   Lee McDaniel encountered Dorner at a Corona gas station on Feb. 7, 2013 and alerted police to his presence in the Inland Empire and Snow Summit employee Daniel McGowan called authorities when he spotted Dorner’s burning truck in Big Bear later that morning. Jim and Karen Reynolds of Big Bear, were tied up by Dorner on Feb. 12 after they discovered him holed up in one of their vacation rentals. Karen got loose and called 911 after he fled in their car. As of today, about $860,000. has been distributed. The problem is that the $1 million reward is actually a combination of several awards that had their own rules. The city of Riverside has rescinded their promise of $100,000. because the precise terms of the pledge, that Dorner be arrested and convicted, were not met. A panel of judges assigned to choose the recipients of the $1 million reward waived the arrest-and-conviction requirement of the Los Angeles portion of the reward, calling it impossible to meet. McDaniel was awarded 5%,...

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