Ownership change to speed Bear sale?

By Mike Morris, The Union Democrat

Bear Valley Mountain Resort announced Wednesday a change among the partners that own and operate the resort, which could help streamline the sale of the ski area.

Following a "restructuring," San Jose-based developer Toeniskoetter, Breeding & Halgrimson is no longer a partner, said resort spokeswoman Rosie Sundell.

The resort - off upper Highway 4 in western Alpine County - is now owned by remaining partners Dundee Resort Development USA and Palo Alto-based Radar Partners, a principal investment firm.

The 1,680-acre ski resort has been for sale since January 2013.

"The change in ownership reduces the complexity of current and future negotiations for the ski area and village assets," said Greg Finch, president of Dundee. "The change has not altered the immediate goal to sell the property. We continue to show it and we have been working with a number of interested parties."

One of those potential buyers is the Bear Valley Mountain Cooperative.

For the complete story, see the May 22, 2014, edition of The Union Democrat.

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