https://www.laconiadailysun.com/news...41da156b1.html
Many upgrades to electricals that were dated back to the 80's and earlier. Not just the lifts but snowmaking machinery and transmission lines.
Since New bloods have taken over, thanks to Gary Kiedasch and Rusty Mclear, Tom Day and Robert Drake Gunstock is moving forward profitably. Being a nonprofit, much of the money is for badly needed upgrades and maintaining capabilities in a tight market. Belknap County manage to collect what was due to them.
Skiing since 1957, the best years were during huge expansions manage by Fritzy Baer followed by Tom Day. The worst years were Dick Tapply's disastrous Triple Chair to the top. Although I am not in favor of advertising nationwide and inviting the mass, I hate crowds, the money was well spent in infrastructure improvements.
I really believe privatizing is bad, as greed comes before upgrades and improvement. Take a look at the resorts owned by conglomerates. They have their share of problems.