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To: Friends of Mount Sunapee State Park
Thank you for your continuing support of the efforts of Friends of Mount Sunapee. Your letter writing, petition signing, activism, and financial support have allowed us to repeatedly communicate to the decision makers in Concord our strong opposition to ski area expansion at Mount Sunapee State Park. We could not have done it without you!
Despite our efforts, the Executive Council, in April 2016, approved a lease amendment and conditions that enable resort and private real estate development on Mount Sunapee’s western slope.
Yet to be implemented, this expansion plan (for developing a “West Bowl” ski/resort area) failed to detail its scale and scope, impacts and sustainability.
Commercial development, driven by powerful corporate interests, increasingly threatens public lands.
At Mount Sunapee State Park, we must strongly resist the exploitation of our parkland for private financial gain. Additionally, leaseholders at our state parks must demonstrate sound financial management and ethical practices that inspire public confidence and trust.
Latest Update: Sunapee lease transfer
FOMS is now asking Commissioner Rose (Dept. of Resources and Economic Development) to deny the lease assignment of the ski area (at Mount Sunapee) from CNL Lifestyle Properties (the current lessee) to Och-Ziff Capital Management Group LLC, a New York hedge fund.
In September 2016, the U.S. Dept. of Justice and the U.S. Securities and Exchange Commission sanctioned Och-Ziff under the provisions of the Foreign Corrupt Practices Act, resulting in civil and criminal fines totaling $412 million. Furthermore, recent news reports question Och-Ziff’s financial stability. A February 2017 Bloomberg article reported: “Och-Ziff Suffered $13 Billion in Withdrawals as Clients Fled.”
See more about Och-Ziff.
Friends of Mount Sunapee is committed to protecting Mount Sunapee, and will continue to stand firm against expansion. The Executive Council approved the “West Bowl” expansion in a 3-1 vote on April 6, 2016, which required Council approval of a Lease Amendment and Letter of Conditions. Read more via InDepthNH.
Read about governing documents via InDepthNH
“Given our history in protecting Mount Sunapee, and given that we have not been in favor of the expansion, it’s hard not to be disappointed in today’s vote. Whenever there’s talk about ‘balance’ it usually means that something in mountains and the forests has been irretrievably lost.” Read more…
“The documents that govern the West Bowl Expansion are legally insufficient for a transaction of this significance… portions of the contracts are confusing, will invite litigation, violate existing state laws, allow for condominium development 50 feet from the park, and would let the developer simply walk away and not finish it,” said Attorney Arthur Cunningham.
A link to Attorney Cunningham’s letter and analysis are posted in full… via InDepthNH
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