Gunstock gets nearly $1M loan from Belknap County
LACONIA — After a tough winter, the Gunstock Area Commission needed nearly a $1 million loan to tide the resort over until next year and the county delegation gave it to them.
The Laconia Daily Sun reported the Belknap County Delegation unanimously approved a request by the Gunstock Area Commission for a $950,000 revenue anticipation note following a public hearing held last night at the Belknap County Complex.
The amount approved was $300,000 more than last year's and the increase was due to what Gunstock Mountain Resort General Manager Gregg Goddard said was the poorest ski season in recent memory. He said that the area drew only a little over 120,000 skier visits during the season, down from the 185,000 high of two years ago.
Total revenue from all operations, including skiing, dropped to $9 million, down by over $2.35 million from last year, with about $1 million of that loss coming during the Christmas vacation period, normally Gunstock’s busiest time of the entire ski season.