After a nearly two-year campaign soliciting loyal skiers to buy shares at $3,000 a pop, Magic Mountain is finally a cooperatively owned ski area. The southern Vermont ski area has hit its goal of 300 shareholders, giving management access to the $900,000 raised during the campaign, which will go toward snowmaking and other infrastructure projects.
Magic’s inability to cover trails with man-made snow has kept the small ski area from thriving, especially during dry winters like this one when skiers flock to nearby resorts with more snowmaking equipment. Magic is in Londonderry, Vt.
