The board of directors of Mt. Timothy Ski society announced Tuesday a deal has been reached with local businessmen, KevLar Development Group, for the sale of the ski area and transfer of assets.
The society will be submitting an application to the Mountain Resorts Branch of the Ministry of Forests and Lands to transfer the operating agreement for Mt. Timothy Ski Area from the society to KevLar Development Group with the hope it will be completed early in the new year.
“As part of the transfer agreement, KevLar will pay all outstanding debts owed by Mt. Timothy Ski Society (MTSS); this will be welcome news to many local businesses who have extended credit to MTSS through some troubled times,” states the announcement, emailed by MTSS President Michael Kidston.
The email did not further identify the buyers.
“KevLar has a vision for rejuvenating Mt. Timothy as a vibrant ski area for locals, and to market our hill and our community to a wider clientele. KevLar also plans to expand the recreational offerings and turn Mt. Timothy into a year-round destination.”
The directors said they welcome the opportunity to have the ski hill run by experienced businessmen with the necessary resources to upgrade the facilities with some much needed care and attention.
“The directors would also like to acknowledge and thank the wonderful support the hill has received from South Cariboo businesses, local and provincial governments, Northern Development Initiative Trust, and many individuals. It is with mixed feelings that we step away from this wonderful ski hill that has brightened winters for a generation of local skiers and boarders. But we are looking forward to the same community helping and using Mt. Timothy for another generation under the guidance to the new owners.”
The local ski hill, which celebrated its 30 anniversary last year, has been struggling for a few years, with Cariboo residents donating almost a $100,000 to keep the hill operating in the 2017/2018 season. The cash injection was not enough to save the hill and it did not open for the 2018/2019 season.