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New owners of Soldier Mountain Ski Area will distribute $13,400 in charitable goods

By Mark Iandolo | Mar 2, 2016

BOISE, Idaho (Legal Newsline) – Idaho Attorney General Lawrence Wasden came to an agreement with the Soldier Mountain Ski Area Inc. during an ownership transition that will see the new owner distribute $13,400 in charitable goods over the next four years.

The Soldier Mountain Ski area is being sold to new owners, Matthew and Diane McFerran, after being advertised at $149,900.

The attorney general’s office can examine organizations holding property subject to a public or charitable trust, and the ski area holds a few charitable assets. Wasden’s office, therefore, looked into the sale and whether the sale occurred at fair market price.

An assessment by the Attorney General’s Consumer Protection Division revealed a fair market price of $162,402, an amount $13,402 higher than the sale price. The McFerrans then agreed to distribute that amount in charitable goods and services.

“This ski area is a wonderful asset to the community and I believe this agreement will help keep it that way for generations to come,” Wasden said. “It’s my hope the McFerrans can now focus on preserving and growing this resource for skiers and snowboarders of all ages and skill level.”

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