Number One in the East for...
...Terrain!
...Value!
...Steeps!
...Off Piste!
...Bumps!
Read all about it!

In the weeks leading up to the annual Shareholders Meeting a countdown began as the Mad River Glen Cooperative edged towards its goal of selling 1,666 shares to fulfill the requirements outlined in the Co-op’s purchase agreement. Once the number needed dipped below 50 shares the mood in the Basebox began to get festive. Fifty balloons were numbered, after each share was sold a cow bell was rung and a balloon was popped. The morning of the Shareholder’s meeting dawned with only 10 shares needed. Throughout the day skiers who had been "on the fence" began falling for the Co-op. By the time the office closed twenty two shares had been sold, putting us well over the top.

The purchase agreement the Co-op made with the previous owner, Mad River Corporation, stipulated that 1,666 shares needed to be sold before June 6, 1998. The mortgage will not actually be paid off until the year 2000 as many of the shares were purchased on the $50 per month installment plan. As the Echo goes to print 1679 shares have been sold. None of the bond money pledged in the capital drive was used to purchase any of these shares.

While reaching the initial goal of 1,666 shares is cause for celebration it is vital that the Mad River Glen community realize that the share sales effort does not end now. The Capital Plan approved by the Board of Trustees necessitates sales of approximately100 shares per year over the next five years. This will not only provide necessary capital, but also broaden the support of the Cooperative.

Everyone involved with Mad River Glen owes a debt of gratitude to the Board of Trustees(past and present), the Share Marketing Committee, the mountain staff and volunteers too numerous to mention individually for working to achieve this goal. Many people believed that the Co-op would not be able to sell the shares necessary. Our shareholders and everyone involved have proven them wrong. To celebrate the achievement of this goal the Mad River Glen Co-op will host Mad River’s Independence Day Celebration on Sunday, July 5, 1998. Everyone in the Mad River Glen Community is invited to attend.