Locals Set Up Company To Bid For Mt Bachelor

Following POWDR's sale of Killington nd Pico, a group of Central Oregon residents has announced the formation of a Benefit Corporation with the ambitious goal of purchasing Mount Bachelor Ski Resort.

“Over the coming weeks, we will list three of our ski resorts—Eldora, Mt. Bachelor, and SilverStar—for sale, with JP Morgan Chase managing the process,” Powdr representative Stacey Hutchinson wrote in an email.

 The local initiative aims to ensure the future of the iconic mountain resort remains in the hands of the community.

Chris Porter and Dan Cochrane’s are pushing to acquire Mt. Bachelor and bring it back into local hands, though rumours suggest both Vail and Alterra may well be opening ther chequebooks.

They say:

"Dear Friends and Supporters,

We are incredibly grateful for the outpouring of support we’ve received since Central Oregon Daily’s interview aired on Wednesday. Your emails to buymtbachelor@gmail.com have been emotional and inspiring, and your enthusiasm strengthens our commitment to this vision.

We are excited to announce that we have officially incorporated as Mount Bachelor Community Inc. and are actively pursuing B-Corp status. As a Benefit Corporation, we are committed to delivering meaningful public benefits while providing investment opportunities to our community members.

Here’s an example to give you a clearer picture of how Mount Bachelor Community Inc. will operate under this model:

ARTICLE IV: BENEFIT CORPORATION STATUS

Pursuant to Section 362 of the Delaware General Corporation Law (DGCL), we elect to be a benefit corporation. In doing so, we will pursue both specific and general public benefits, including:

• Environmental preservation of the natural areas in and around Mount Bachelor.
• Promotion of eco-friendly and sustainable business practices in all our operations.
  Creating social and economic opportunities for the local community, including job creation and support for local businesses.

We are making significant progress toward the purchase of Mount Bachelor as a community partnership, and we look forward to sharing more updates with you soon. In upcoming correspondence, we will include details on investment, contribution, and volunteer opportunities, giving you a chance to directly support and be a part of this exciting venture.

Thank you for being an integral part of this journey. Together, we can build a brighter, more sustainable future for Mount Bachelor and the surrounding community.

In the spirit of Bill Healy, we just said to ourselves, “Let’s go for it.”

Powder to the People,
Chris & Dan
Mount Bachelor Community Inc."