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Show It was a record year for ski areas, says Badami Park Record Thursday, October 10, 1991 Page All irai'S,!'V!'W"'!"' 11 1 w : !Nick Badami, Chairman of the Board of Alpine Meadows of Tahoe ( parent company of the Park City Ski Area) told shareholders last Thursday at the annual board meeting, that despite drought, recession and "Operation Desert Storm" the publicly-held company had enjoyed a record financial year. Badami addressed the group at Steeps at the Park City Ski Area where the board had gathered for the first time in Utah to review it's annual performance. Badami told shareholders and members of the press assembled that the figures from 1988 to 1991 showed a 265 percent increase in per share earnings and a 250 percent increase in the dividends paid. Assets for the company jumped from $26.6 million in 1988 to more than S39.9 in 1991. He added capital improvements for the company exceeded $19 million while long term debt over that same period has increased only 14 percent. While Badami was cautious about releasing figures on pre-season pass sales he said at Alpine Meadows those sales were going "exceedingly well," where, with three months to go, those numbers were up already "higher than all of last year." Locally, he said season pass sales appeared to be running about 33 percent ahead of last year. "It's nice to be ahead rather than behind," he said simply. While conceding it was still "too early to tell" he said nonetheless that "bookings appear to be ahead of last year." With a bullish outlook, Badami pointed out the industry was strong with more than 45 million skiers enjoying last winter despite challenging economic, climatic, and political difficulties. "We're operating the company on the basis the recession is over--this is as good as it's going to get." Badami told the group the yet-to- be-developcd area at Tahoe (Galena) is under option with the Trust for Public Land. That organization has until Oct. 31 to put together a deal to purchase the area. If such a realistic proposal was arranged with all parties involved, Badami said the group would then have until April 1 5 to make the deal happen. And he pointed out AMOT is only a limited partner in that project which involves two counties mv two separate federal agencies. The present capacity at Alpine Meadows is 6,500 skiers per day, and at Park City approximately 10,000 per day. Political guru gives predictions By TERRI ORR Editor Jan Peterson told a story at the Rotary Club on Tuesday about his buddy Tom Mathews. In 1980, when Mathews headed up John Anderson's campaign, Peterson says the strategy calls came from a phone booth outside the Blue Moon Saloon in Montana. Mathews was serious about his candidate but he was equally as serious about his fishing on the Madison River. Mathews threw back his ruddy face and laughed at the recollection. At sixtysomething Tom Mathews has seen a lot of campaigns and heard and told a few fish stories. This week he entertained the Rotarians with some inside information and learned predictions about the political arena currently. In the past four decades Mathews has been inside the Democratic party from California to Nebraska. In the late '50s he took a leave of absence from the San Francisco Examiner to write the campaign for Pat Brown who was subsequently elected Governor. In the '60s he helped found the Peace Corps, and head up Robert Kennedy's press corps in his presidential bid. In the '70s he was one of the creators of Common Cause. In 1980 he felt a third party candidate had a chance and he ran John Anderson's drive for president. Presently he is debating the merits of fundraising for Nebraska's Bob Kerrey. He is a skilled writer and an entertaininp - v - . , k i , ? ' " ' v ' , v.. y. . . , i ' --,.. storyteller. Calling himself a " yellow dog Democrat" Mathews explained he wanted to help rebuild the party to the political organization his father had told him to "never forget is the workin' man's party." "It was a great party with great leaders and a great sense of what a party should do for society." In categorizing the political climate today, Mathews said the country is split-- about 20 percent are "rock rib Republicans, 20 percent are yellow dog Democrats and 50 percent of the populace are just so mad and so alienated and so disappointed they don't give a damn about Republicans or Democrats " Tom Mathews He predicted and projected that the possibility existed for some charismatic candidate to emerge and woo those disillusioned voters back into the electorate fold. Setting the stage by quoting the English politician Enoch Powell, who said the surest sign of an amateur in politics was to try and predict a year in advance, Mathews he wouldn't do that. He would just share some insights with the group. Starting at the top he said President Bush was in a very strong position, "although it is gradually fading." But he predicted Bush wouldn't fade fast enough to be defeated "But if he was a mature and wise man- not a president- he'd quit now. Because the next five years of his presidency will be Holy Hell." Mathews went on to say the Washington rumor was that there had been a family conference at the summer home in Kcnnebunkport, Maine where family members urged Bush not to run for reelection. re-election. "I don't know if that's true or not, I merely point it out because it's kind of titillating," he said with his characteristic laugh. Then he proceeded with a litany of qualifications on the Democratic side from Harkin "colorful but not mean enough to be president" to Kerrey " too much of a gentleman" to Clinton "not enough powder to make his candidacy explosive." He concluded that most of the Democrats underestimated the powerful elephant machinery, " Republicans arc some of the best assassins going." On a local question, Mathews responded that his observation of town politics was "there is a kind of rage that is strong and it's polarizing Park City. I would hope everybody would just lower their voices. " Then the sage advicc-"Thc real secret in politics is nobody gets everything but everybody gets something." He went on to explain he felt all that was threatened currently in town. "If I had a prescription for the Park City it would be-be a little more decent to each other." V"' ';i 1 r . .. 4 1 i Nick Badami C L U B LUNCH ON THE BEACH Daily 11:30-3:30 SUNDAY FOOTBALL Member complimentary Hot Dog i ou:i: rri I c iu vi mi rccu plus Free Bingo wmmmwaa 649-6800 306 Main Street Private Club for the benefit of members It's Time To Call Jess Reid Real Estate... " -J'WWMP KW s -nil liMV if unu iff ONE OF PARK CITY'S MOST CHARMING VICTORIANS This stand-alone condo home is one of the most admired and asked about in Old Town. Immaculate 3 bedroom, 3 bath, beautifully furnished, and just steps from the Town Lift and all the shops and restaurants on Main Street! $299,500. Ann MacQuoid 649-4520 I GREAT BUY, AFFORDABLE HOME IN KAMAS 4 bedrooms. 2 baths (1 jacuzzi). large family room, oversize garage, on .7 acre. Owner wants out let's talk! $79,500. Craig McPhie 783-2615 CONVENIENTLY LOCATED IN OLD TOWN 3 or 4 bedrooms, 1.75 baths, hot tub, 1 car garage, great room with vaulted ceilings and wood burning stove. Excellent rental potential! $149,500. Jess Reid 649-3000 MOUNTAIN LIFESTYLE WITH A VIEW Custom built Pinebrook home with 3 large bedrooms and 2.5 baths. $248,000. DickStoner 336-2055 ''Vs ,,-.1 .Jt M JWH.. ATM Nigral NEW PARK CITY HOME 13 acre in McCloud Creek. 3 bedrooms, 2.5 baths, 2332 sq. ft. with oversized 2 car garage. Backs to wetlands and views. $239,000. Lew Fine 649-2690 LAKEFRONT CONDO You won't find a better unit for the money. Custom 3 bdrm, 3 bath located on Park City Golf Course lake. 2 hot tubs, nearly 2000 sq. ft. Deer Valley quality right in Park City. $198,000. David Dorius FAWNGROVE CONDO Great Deer Valley location with excellent views. Beautifully furnished including washer dryer and private outdoor hot tub. Priced at $157,000. Virginia Goodin 278-1284 r "1 7 JJhjess reid LOCATION AT CITY PARK 3 bedrooms, 2 baths, funished and clean. Ready to move in or add a few details and rent it. $79,500. Myron Niesley 649-4496 PARK MEADOWS LOT This lot has a mountain view, convenient and level. $72,000. Jerry Obert Owner Agent 649-6684 MOUNTAIN TOP LIVING SEE FOREVER Unique neighborhood offers prestige, privacy and views at affordable price. Some scrub oak, great sun orientation, gentle slope saves construction cost. The Aerie at $89,500, Jess Reid 649-3000, Dick Stoner 336-2055 JESS REID Jreal estate lb |