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Harbor Mountain Co. Selling Mission Ridge to Focus on Schweitzer

WENATCHEE, WA-Real estate sources say the Central Washington ski resort could sale for between $2 million and $4 million because it needs a $6.5 million upgrade and its owner would rather put the money its Schweitzer Mountain ski resort in Idaho.

By Janet Parker | Updated on November 29, 2000

WENATCHEE, WA-Harbor Mountain Co. is looking to sell its 2,000-acre Mission Ridge ski resort near this Central Washington city. Ronald W. Cook, president of parent company Harbor Resorts, tells GlobeSt. that the 30-year-old resort has been profitable the past two seasons, but is in need of more snow makers and a high-speed chair lift. The cost of such improvements could run $6.5 million, says Cook, who has chosen to instead focus on a major development involving its Schweitzer Mountain ski resort near Sandpoint, ID.

Still, says Cook, Mission Ridge has potential. There are five million people within 170 miles of the resort and 2,100 motel rooms within 25 miles of the resort. Additionally, its 4,500-ft base elevation and 2,200-ft vertical rise give Mission Ridge’s 900 skiable acres a drier, more appealing quality than other Western Washington resorts. “If a new owner made the improvements, Mission Ridge should be able to increase skier visits by 50% to 75%,” says Cook.

Given the needed improvements, real estate srouces say the resort could sell for between $2 million and $4 million. Its relatively remote location also appears to have been factored in. Crystal Mountain ski resort, 80 miles southeast of Seattle, sold a few years back for a reported $15 million. Stevens Pass, another Western Washington ski property owned by Harbor Resorts, is valued at $35 million.

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