Wednesday, November 23, 2016

November 22nd Update - Saddleback Community Resort

Latest update from the community group / Peter Stein.

I want to thank everyone for an incredible effort over the last few weeks. This includes those working tirelessly within the initiative, and all of you in the community that have responded either through membership purchases, gifts, or in making the effort to learn more about this amazing opportunity. Everyone should keep in mind that conserving this pristine landscape and our ski area vibe for generations to come is the primary reason to donate and join our community resort.

I am thrilled to report that we have raised over $400,000 in membership sales. We also have firm commitments for $600,000 of matching gifts. With the next $200,000 dollars of membership sales we will complete this 1:1 match and will have raised $1.2 million. We are speaking with many other potential donors and are very optimistic about finding more matching funds. I have no doubt whatsoever that we will be successful in reopening Saddleback.

Many have asked us when the credit cards will be processed. We are not able to process them yet however we are actively working to resolve this situation. We will keep you posted as to our progress, but please know that your credit card information is safe. If there is a particular issue that you have with our not immediately charging your credit card, please get in touch with us.

A number of people have also asked to see the business plan.  There is a complete business plan that takes into account the pre-selling of season passes. We are going through the review process and hope to release it soon.

We have decided the time is right to aggressively pursue the non-profit status for the Saddleback Mountain Foundation. This will help significantly with securing multiyear gifts and grants, and initiates the longer term capital campaign. We will be reaching out to many of you to help formulate the mission of the Saddleback Mountain Foundation.

At this time there are no changes to report in the membership plan. Please do take advantage of the Dark Wizard and Tightline Couples special that expires this Monday. Remember all funds stay in escrow until we reach our goal. If you are going to jump, now is the time.

I wish you peace, happiness, and snow as you gather with family and friends this Thanksgiving Holiday.

Peter Stein


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