MMSA official statement --

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June 21, 2012
Rusty Gregory, Mammoth Mountain Ski Area Chairman and CEO, announced
today the company will not operate June Mountain this summer and for
the upcoming 2012-13 winter season. “June has operated at an annual
deficit each year since its purchase in 1986,” said Gregory. “It is
time to invest some of this subsidy into the analysis and planning
required to position the resort for a sustainable future, then secure
the approvals and financing required to create it.”

Mammoth purchased June Mountain in 1986 with the idea of significantly
increasing the size of the resort by building new facilities,
extending new runs to the June Lake Village, and fostering additional
developed ski areas along the San Joaquin Ridge, resulting in a
connection between Mammoth and June Mountains. For a number of
reasons, these plans were never realized and June Mountain has, in
turn, suffered from an identity crisis that has both stifled its
ability to achieve its full potential and required substantial
financial subsidy from Mammoth on an annual basis. Cessation of
operations will help the company dedicate its focus to a new future
for June Mountain. Mammoth will be working with its partner the U.S.
Forest Service to reach the best possible result in this endeavor.

In the weeks to come, Mammoth will be working to determine if and to
what extent it can absorb June’s year round workforce.

Mammoth Mountain will continue to offer world-class skiing,
snowboarding and summer activities for locals and visitors to the
region.

Mammoth Mountain has operated continuously under permit from the U.S.
Forest Service since 1954, and operated both resorts for the past 26
years. Mammoth Mountain Ski Area also owns and operates a variety of
resort businesses including recreation, hospitality, food and beverage
and retail including Mammoth Mountain Ski Area, Tamarack Lodge and
Resort, Mammoth Snowmobile Adventures, Woolly’s Adventure Summit,
Mammoth Mountain Bike Park and the Mammoth Mountain Inn. Mammoth
Mountain also operates Juniper Springs Resort, the Village at Mammoth,
and Sierra Star Golf Course.
***

Long discussions here --

http://forums.mammothmountain.com/vi...p?f=13&t=13693

http://forums.mammothmountain.com/vi...p?f=14&t=13706