Killington Nixes Lifetime Passes?

A group of people holding lifetime ski passes at Killington have apparently been notified that their lifetime passes will no longer be honored by Powdr, the resorts new owners.

Not much is known about this, or if it's even true at this point.

Here's a quote from a letter pass holders received, according to a post on KillingtonZone.com:

"The Pass was a benefit you or your predecessor in interest, received for being an initial investor in Sherburne Corporation during the resorts infancy. The specific language in your stock or bond certificate granted you "a pass entitling the holder to use free all ski lifts operated by the corporation in Killington Basin so long as the [Sherburne] corporation shall operate in that area under the agreement with the State of Vermont." When the resort changes ownership as part of this sale, Killington, LTD will no longer own or operate the lifts at the resort. Thus, ar the time of the transfer of ownership, your Pass will expire and the new Owners have no obligation to honor your pass.
If you are wondering why the rights under your pass survived the last sale of the resort it is because when we acquired Killington, we acquired the stock of Sherburne Corporation's parent (which owned other resorts in addition to Killington) and therefore Sherburne Corporation continued to operate the resort under an agreement with the State of Vermont, unlike in the current contemplated sale, where the new owners are acquiring the assets of the Killington and Pico Ski Resorts."

This is clearly a story that is going to be ongoing.

Stay tuned.