Shames Mountain Ski Area is a ski resort located 35 km (22 mi) west of the city of Terrace, British Columbia, Canada. The area's vertical drop is 488 m (1600') with a summit elevation of 1189 m (3900'), with one surface lift and one double chair. Annual snowfall at the summit is 1200 cm (475 inches).
Shames Mountain is currently on the market for $1,495,000.[1] In an effort to rally a large group of shareholders (aka skiers) to purchase, own and operate Shames Mountain, members of the international ski community Jamie Schectman and Shanie Matthews formed the Shames Mountain Co-op in 2009.[2]
Another group called Friends of Shames, composed of local skiers and winter sports enthusiasts, also began to hold town hall meetings in the fall of 2009 in order to get a sense of what the surrounding communities wanted from their ski hill. They opened lines of communication with the current owners of Shames and held meetings with lawyers and consultants specializing in alternative business models. Through these consultations, the best model for Shames' future success was determined to be a non-profit co-operative. In 2010, Friends of Shames applied for and were awarded grant monies for feasibility studies and the development of a business plan.[3] With these in hand, Friends of Shames officially launched the drive to create My Mountain Co-op in February 2011.[4]
To date (Oct 2011) My Mountain Co-op has structured a staggered purchase agreement that would see MMC run the hill for the upcoming season while approximately $550,000 is paid out in three lumps to the Shames shareholders. [5]
Season passes are now on sale for the 2011-2012 ski season. [6]
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