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Bruce Willis wants to donate his ski resort at Soldier Mt. to a non-profit (1 Viewer)

Dennis Nicholls

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Dennis
Bruce Willis and his former wife once owned much of Hailey, Idaho, and also were the main owners of the nearby Soldier Mountain ski resort. I guess times aren't so great on the Willis front: he's selling much of his holdings and now has offered to donate the Soldier Mountain ski resort to a non-profit group that will step up to keep the place operating.
http://www.mtexpress.com/index2.php?ID=2005141448
I guess operating at a loss for several years isn't helping his cash flow any.
I don't ski anymore but I would guess that Soldier Mountain is in a tough spot. Boise has the local Bogus Basin resort 15 miles from downtown, and it's a non-profit that fits family budgets. If you drive 2 hours from Boise you can be in well-known Sun Valley. From Boise it's about 2/3 of the way to Sun Valley to get to Soldier Mountain.
 

Stan

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Don't mean to sound so cynical, and he will hopefully donate it to a good cause, but I'm sure he'll get a big charity tax write off so it's not the wonderful altruistic thing everyone thinks it may be.
 

Edwin-S

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I don't think it is ever claimed that he is being altruistic. I'm pretty sure most people suspect he is doing it for tax purposes; however, even with a tax write off he probably isn't going to come out ahead if the business has been losing money steadily. At least the non-profit route gives the employees there a chance at preserving their jobs if the business can be saved. At the same time Willis cuts some of his losses. It looks like the best chance at creating a win-win situation.
 

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