ASC backs out of Steamboat deal

-A A +A

ASC backs out of Steamboat deal

Wed, 03/27/2002 - 8:00pm -- tim

Triple Peaks, LLC, the company formed by Tim and Diane Mueller, owners of Okemo Mountain Resort in Ludlow, was informed March 27, 2002, by the American Skiing Company of Bethel, ME, that they were not going to proceed with the closing of the sale of the Steamboat Ski and Resort Company in Steamboat Springs, CO.
"We are quite surprised and disappointed at this action," said Tim Mueller. "Contrary to some reports, we have been ready, willing and able to close this transaction for some time. We had accommodated ASC's request for a temporary postponement, never having an inkling that they were going to breach our agreement. We are presently exploring with our attorneys the best course of action, before formally responding to this outrageous turn of events."
"We were looking forward to working with the employees and the community at Steamboat to fulfill its vast potential," Diane Mueller emphasized. "To have this thrown at us at this time is devastating to us, our employees and the communities involved."