The $2.6 million transaction was completed on Friday.
Monday, May 26, 2025, NewEnglandSkiIndustry.com
Black Mountain, May 3, 2025
John Fichera's Northern Mountain Realty Trust has finally sold Black Mountain, as the $2.6 million sale to the Black Mountain Community Corporation was completed on Friday.
Black Mountain Co-op LLC was registered as a New Hampshire business entity on November 12, 2024 and was converted to Black Mountain Community Corporation on May 20. Indy Ski Pass owner Erik Mogensen is listed as its president.
The May 23rd sale includes the 78.36 acre upper mountain tract and 15.57 acre base area and Whitney's Hill tract. The 96.3 acre main mountain tract is owned by the High Pastures Owners Association, with an easement for skiing.
As part of the deal, Fichera retains the right to any sale proceeds in excess of $2.6 million, should the property be resold within the next five years.
According to the Carroll County Registry of Deeds, two mortgages were granted on the day of the sale. A $2.5 million mortgage is now held by Entabeni Systems Real Estate of Colorado, while another $2.5 million mortgage is held by Thadeus Mocarski of Rhode Island. At a December 2024 meeting, Mogensen announced that $5 million would be needed to launch the co-op. In a March 2025 e-mail, Mogensen projected a December 2025 start date for selling co-op shares, pending Securities and Exchange Commission approval.
Located in Jackson, New Hampshire, Black Mountain first opened with lift-served skiing during the winter of 1935-36. The Fichera family operated Black Mountain following the ski area's 1995 bankruptcy through 2023, when Indy Pass's Erik Mogensen announced that he would be providing operational support and hiring former Saddleback general manager Andy Shepard to help find a new owner. The 1,100 vertical foot area features a lift fleet of a 1965 double chairlift, a 1984 triple chairlift, and three surface lifts.
A mid-April snowmaking effort resulted in Black Mountain being the last New Hampshire area to close for the 2024-25 season, operating top-to-bottom with a full parking lot on May 3.
