Big Bear Lake, CA. March 3, 2015 – In a recent letter sent to Snow Summit stockholders sale of Big Bear Mountain Resorts to Mammoth Mountain was closed on Friday, February 27th. A momentous day for the Big Bear Valley but it was possibly overshadowed by the pending weekend snowstorms. Snow Summit began life as a modest ski endeavor with a permit from the National Forest service in the early 50’s. Snow making and thirst for winter activities enabled Snow Summit to grow along with the entire resort industry. While many mom and pop ski areas in Southern California have come and gone, Snow Summit and Bear Mountain emerged as innovators and leaders in the industry. Executives for Mammoth, CEO Rusty Gregory and Dave Linkins, previously expressed their excitement for this deal as it will bring their total skier day tally to over 2 million annual visitors. This type resort consolidation, which is now common place, will make them one of the biggest in North America. In addition, CEO Rusty Gregory, commented on future resort development that “we come from a small community and are sensitive to wants and needs of a mountain resort community”. Summit President, Dick Kun, in his farewell letter indicated that he was “deeply grateful for 65 years of support and that lasting memories will comfort, what for some will be difficult”. And now with the sale complete the, much treasured, benefit of stockholder privileges comes to an end replaced with a temporary discount program until March 23, 2015.
