Last fall, POWDR Corp. announced plans to sell several ski areas within its portfolio, including Mt. Bachelor in Oregon, Eldora in Colorado, and SilverStar in British Columbia.
Following the announcement, talk that a group of Mt. Bachelor locals were going to try and buy the mountain from POWDR quickly made its way around the ski industry. Efforts headed by Bend residents Dan Cochrane and Chris Porter quickly received an outpouring of support from the community.
Several months and feet of snow later, Cochrane and Porter, now working as Mt. Bachelor Community, Inc. (MBCI), have released an update on progress in an attempt to buy the resort.
“As we reflect on 2024, we are reminded of the incredible power of community and the values that bind us together—love for our shared outdoor spaces, respect for the environment, and a commitment to building a better future for Mount Bachelor and beyond,” reads the email sent to subscribers of the organization’s website.
In the update, MBCI explained that it has communicated directly with POWDR and engaged JP Morgan Chase alongside a “high net worth individual.” JP Morgan Chase, a financial services company, is running the sales process of Mt. Bachelor.
The update also notes that while MBCI still awaits a due-diligence package, they remain confident that their bid presents a win-win situation for everyone involved in the sale of the mountain.