Wednesday, January 4, 2012

Bogus GM, CFO Working Without Pay, Staff Salaries Cut

Posted By on Wed, Jan 4, 2012 at 12:10 PM

By all indications, Bogus Basin will experience its latest-ever opening date this year (the old record was January 6, 1989).

Because the resort is losing up to $100,000 in revenue for each lost day of skiing, Bogus General Manager Mike Shirley and Chief Financial Officer Alan Moore announced that they will work without pay for the time being.

“Nobody’s all that happy,” Shirley told Citydesk. “We’d much rather be open and having a season.”

The cuts don’t stop there. Shirley said the 35 year-round staff members still employed by Bogus will see a 10 percent cut in pay for the season. Staff who work on a seasonal basis have yet to receive any compensation.

The entire month of December and Christmas break are Bogus’ most profitable parts of the ski season, but now “it’s just gone forever,” Shirley said.

Outside of staff cuts, Shirley said there are a few ways for Bogus to recover. He said the resort is currently "getting by" with a line of credit to take care of borrowed money, which he said could impact Bogus' next season.

“We’re trying to minimize that effect,” he said. “We’ll just see how long it goes without snow. We’ll have to make some further decisions if we don’t get any in the next couple of weeks.”

Meanwhile, Greenwood’s Ski Haus on Bogus Basin Road is also wishing for snow, but owner Jeff Lewerenz said business hasn’t been hurt significantly by Bogus’ late opening date.

“We’re concerned that snow gets here soon, but we’re not panicked yet,” he said. “It’s all weather dependent. Business is much slower, but thankfully the other resorts are still open.”

Lewerenz told Citydesk Greenwood’s caters to skiers and snowboarders who can get out of town to Sun Valley, Tamarack and Brundage ski resorts, and everyone remains positive that the snow will fall closer to home.

“People understand that winter can still come,” Lewerenz said. “People can still get the skiing in that they want—there’s still opportunity. The best analogy I’ve heard is that we’re snow farmers. You’re not sure when it’s going to come, but it comes.”

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