ASHLAND, Ore. — For the first season in its 50 year run, the Mt. Ashland Ski Area did not open for ski season this year. Record low snow levels made it impossible for the ski resort to on time this year, or at all.
When that decision was made, administrators at Mt. Ashland applied for an economic emergency disaster loan to make sure they could make it to next year. Mt. Ashland was approved for a 30 year loan on Friday for $742,000. The loan was secured from the Small Business Association.
Mt. Ashland officials say they will use the money to pay off current debts and make appropriate preparations for next year’s ski season.
“So it’s a bridge loan that will really provide us to be able to pay our existing debts from not being able to open this winter and provide some operating capital that we can then use to help get us open next season,” said Rick Saul, Mt. Ashland’s Development Director.
The fact that the mountain will be open next year is good news to skiers as well.
“It’s something I am definitely enthusiastic about; not being able to go up to the mountain this year was definitely disappointing. But it’s not like there’s anything that we could have done about it. There was no snow this season,” said local skier, Antonio Moreno.
Mt. Ashland will not have to make payments on the loan for 11 months.