Comments on: Sugar Loaf will not open this winter http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/ News, Weather, Events & Photos from Leelanau County & Northern Michigan Tue, 07 Feb 2012 17:26:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: BlingMomma http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/comment-page-2/#comment-6254 BlingMomma Thu, 06 Sep 2007 16:54:06 +0000 http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/#comment-6254 Interesting...Thank you so much for the update! Interesting...Thank you so much for the update!

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]]> By: lex http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/comment-page-2/#comment-6246 lex Tue, 21 Aug 2007 14:56:31 +0000 http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/#comment-6246 This week there was another article. Lots of the same old stuff with lawyers, liens & threats. The one thing of interest is that it says wickstrom is working with a "potential buyer". First time I heard that, but I don't think I'll hold my breath. This week there was another article. Lots of the same old stuff with lawyers, liens & threats. The one thing of interest is that it says wickstrom is working with a "potential buyer". First time I heard that, but I don't think I'll hold my breath.

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]]> By: BlingMomma http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/comment-page-2/#comment-6234 BlingMomma Tue, 07 Aug 2007 18:57:01 +0000 http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/#comment-6234 That site was super interesting....their financials are screaming for an audit. Any nonprofit must know that by filing as such likely screams "audit us". What the heck? One has to think that the good will of the community was turned into a holding opportunity for a future treatment center - probably the refuge of starlets someday. I can see it now, with Paris and Lindsay...well, hopefully when they get out they'll spend some money in Leelanau County. Sorry, I had to spout off. Clearly, there will never be a ski hill. If one of us could win the lottery and convince them to get it off their hands. But alas, I remember (I'm that old) when the public was concerned the "Moonies" were obtaining properties thru various means...maybe the Church of S has got interests in properties all over as part of their "enterprise". I'm usually the last person to jump on any conspiracy theory bandwagon...but it all goes back to "What is the point/motive of holding this property?" Just follow the money --- That site was super interesting....their financials are screaming for an audit. Any nonprofit must know that by filing as such likely screams "audit us". What the heck?

One has to think that the good will of the community was turned into a holding opportunity for a future treatment center - probably the refuge of starlets someday. I can see it now, with Paris and Lindsay...well, hopefully when they get out they'll spend some money in Leelanau County.

Sorry, I had to spout off. Clearly, there will never be a ski hill. If one of us could win the lottery and convince them to get it off their hands. But alas, I remember (I'm that old) when the public was concerned the "Moonies" were obtaining properties thru various means...maybe the Church of S has got interests in properties all over as part of their "enterprise".

I'm usually the last person to jump on any conspiracy theory bandwagon...but it all goes back to "What is the point/motive of holding this property?" Just follow the money ---

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]]> By: lex http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/comment-page-2/#comment-6217 lex Tue, 24 Jul 2007 13:16:12 +0000 http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/#comment-6217 That site was interesting to say the least, the ex-hubby still is sitting pretty (as of the last return noted) as well. So this still leaves the Loaf in the dark. There are so many facts that we don't know, but the ones we know typically raise eyebrows. Well at least somebody cuts some of the grass by the main parking lot & the runway. That site was interesting to say the least, the ex-hubby still is sitting pretty (as of the last return noted) as well. So this still leaves the Loaf in the dark. There are so many facts that we don't know, but the ones we know typically raise eyebrows. Well at least somebody cuts some of the grass by the main parking lot & the runway.

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]]> By: UP_Skier http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/comment-page-2/#comment-6212 UP_Skier Tue, 17 Jul 2007 20:04:37 +0000 http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/#comment-6212 The internet is fun! While surfing around, I came across a web-page dedicated to the analysis of the IRS 990 filing for Kate's rehab business (just Google: narconon stone hawk financials). Interesting subjects: the large variances from year to year(uncharacteristic of most non-profits) and the deception to the IRS in regards to Stone Hawk's relationship to TIA Corporation (the Wickstrom's real estate holding company. The rehab business could be the cash-cow that's allowing her to sit on the property as she is. However I still don't understand why a business owner would want to sit on a non-performing asset that long. The internet is fun! While surfing around, I came across a web-page dedicated to the analysis of the IRS 990 filing for Kate's rehab business (just Google: narconon stone hawk financials). Interesting subjects: the large variances from year to year(uncharacteristic of most non-profits) and the deception to the IRS in regards to Stone Hawk's relationship to TIA Corporation (the Wickstrom's real estate holding company. The rehab business could be the cash-cow that's allowing her to sit on the property as she is. However I still don't understand why a business owner would want to sit on a non-performing asset that long.

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]]> By: BlingMomma http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/comment-page-2/#comment-6211 BlingMomma Tue, 17 Jul 2007 12:04:58 +0000 http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/#comment-6211 That is quite an expensive piece of property to sit on. Takes some deep pockets. Maybe it's part of some crazy plot to drive the golf course owners into their present foreclosure situation so a biz partner of the SLoaf owner could come in and swoop it up...and take on the whole sha-bang from there. Possible? With that kind of cash outlay there has to be some plan otherwise what is the motivation? That is quite an expensive piece of property to sit on. Takes some deep pockets. Maybe it's part of some crazy plot to drive the golf course owners into their present foreclosure situation so a biz partner of the SLoaf owner could come in and swoop it up...and take on the whole sha-bang from there. Possible? With that kind of cash outlay there has to be some plan otherwise what is the motivation?

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]]> By: lex http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/comment-page-2/#comment-6210 lex Mon, 16 Jul 2007 14:25:06 +0000 http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/#comment-6210 Wow! Times that by 2 years of ownership, plus the lean, lawyer costs & all the other battles would be a tough pill to swallow. I just don't get it & I don't want to pass too much judgement, but the only conclusion is that either she has more money than Santa Claus & can write this off or polselli is somewhere in the mix. I guess both could be true, either way it just plain sucks. Wow! Times that by 2 years of ownership, plus the lean, lawyer costs & all the other battles would be a tough pill to swallow. I just don't get it & I don't want to pass too much judgement, but the only conclusion is that either she has more money than Santa Claus & can write this off or polselli is somewhere in the mix. I guess both could be true, either way it just plain sucks.

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]]> By: UP_Skier http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/comment-page-2/#comment-6207 UP_Skier Thu, 12 Jul 2007 22:37:14 +0000 http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/#comment-6207 According to the tax records Kate's property taxes add up to about $7,000/month on the various parcels, add into that the mortgage for the resort. Ouch! According to the tax records Kate's property taxes add up to about $7,000/month on the various parcels, add into that the mortgage for the resort. Ouch!

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]]> By: lex http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/comment-page-2/#comment-6204 lex Fri, 06 Jul 2007 16:26:02 +0000 http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/#comment-6204 Could be a curse, seems like it. I agree, I can't imagine how it can just be sat on, property taxes have to be huge. Just would be nice if a few things could happen, have a few snowguns(bring your own water I guess) that are operational, get a couple of ropetows, volunteer staff, open it up as a small non-profit(still charge for day use) area for the community open a few days of the week. I think a master plan is great to have, but there needs to be a short term plan & bigger is not always better. The fact that no chairlifts would be in operation, I would assume that would lower the insurance cost a bit. Is there a point or a deadline when some action by the owner(s) must happen? Could be a curse, seems like it. I agree, I can't imagine how it can just be sat on, property taxes have to be huge. Just would be nice if a few things could happen, have a few snowguns(bring your own water I guess) that are operational, get a couple of ropetows, volunteer staff, open it up as a small non-profit(still charge for day use) area for the community open a few days of the week. I think a master plan is great to have, but there needs to be a short term plan & bigger is not always better. The fact that no chairlifts would be in operation, I would assume that would lower the insurance cost a bit.

Is there a point or a deadline when some action by the owner(s) must happen?

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]]> By: BlingMomma http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/comment-page-2/#comment-6177 BlingMomma Mon, 02 Jul 2007 23:12:03 +0000 http://www.leelanau.com/blog/sugar-loaf-will-not-open-this-winter/#comment-6177 July 2007 and nothing has changed. So, you think the county will get an order to knock down the building due to a biohazard? That's got to be a hard case to get the prosecutor to take on...but you never know. Maybe Hoffa is buried somewhere up there. I cannot imagine a property like this being sat on. Sadly, I see the course is in foreclosure. Is it a curse? Any rumbles of anything? July 2007 and nothing has changed. So, you think the county will get an order to knock down the building due to a biohazard? That's got to be a hard case to get the prosecutor to take on...but you never know.

Maybe Hoffa is buried somewhere up there. I cannot imagine a property like this being sat on. Sadly, I see the course is in foreclosure. Is it a curse?

Any rumbles of anything?

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