Mammoth Mountain Purchases Big Bear Resorts for $38 Million

By on September 24, 2014

Seems strange that Mammoth Mountain Ski Area — one of the best resorts in the Sierras — would even be interested in the So Cal ski and snowboarding scene, but they are. And the $38,000,000 they coughed up for control of Bear Mountain and Snow Summit is the proof. In purchasing both ski resorts, Mammoth will not only own the ski and snowboarding areas but over 400 acres of acreage around the resort, a public golf course and several parking lots. Since taking control of Mammoth from founder Dave McCoy in 2005, Mammoth has done everything it could to make the Mammoth Mountain experience even better, building upscale hotels and trying to turn the sleep village of Mammoth Lakes into a bustling yearround tourist destination. With so much invested in Big Bear at this point, you can bet they will do the same here. After all, more than half the people who visit Mammoth annually are from the So Cal area, so it’s no surprise they’ve bought these resorts as well. The only thing that can’t be guaranteed is the snow. California’s been in a major drought, with less than idea snowfall the past few seasons. But now that Mammoth operators have made it rain in the business sense, and with rumors of an El Nino this winter season, all that could turn around.

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