Mon. Feb 26th, 2024

Mont-Édouard: $1.7 million raised, residents of Bas- Saguenay will be invited to contribute

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Accumulating two million dollars in debt, Mont-Édouard has placed under Bankruptcy and Insolvency Act in July. By negotiating with his creditors, he managed, in October, to cancel $1.2 million of his debts.

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Placed under the protection of the Bankruptcy and Insolvency Act due to its financial difficulties, the Mont-Édouard ski resort, which amassed 1.7 million dollars, is preparing in a few weeks to begin the second stage of its campaign, this time by soliciting all residents of Bas-Saguenay.

The non-profit organization Les Amis du Mont-Édouard began by raising funds from chalet owners located in the alpine village. He then turned to the residents of L'Anse-Saint-Jean.

Now, it will be the turn of all the citizens of Petit- Saguenay, Rivière-Éternité or even Saint-Félix-d'Otis to loosen their purse strings.

The president of the fundraising campaign, Jacques Chouinard, is convinced that many of them will respond to the call.

Yes, because he We must not hide it, if there were no Mont-Édouard, we would probably close the villages of Bas-Saguenay, he said straight away.

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According to him, if there are visitors from outside in winter, it's mainly thanks to the presence of the ski resort.

I don't want to put too much into it either, but from the month of the Festival colors, go until June 24, there would be no tourists.

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Jacques Chouinard is president of the Les amis du Mont-Édouard campaign.

Les Amis du Mont-Édouard does not simply collect donations. They invite people to invest in the ski resort.

They can transfer part of their RRSP to buy community bonds, in a fund guaranteed by Desjardins, explains Jacques Chouinard.

Jacques Chouinard says his team met the minister responsible for the Saguenay-Lac-Saint-Jean region, Andrée Laforest, Thursday morning, to confirm its support. All members left the meeting feeling confident.

First Minister Laforest, I will tell you, she is aware of what is happening. She knew where his file was, and we didn't have to talk long before she briefed us on certain cases, he began.

It’s obvious that we can’t ask him to go and spank the civil servants directly to give us a grant. But the fact remains that she supports our case, that she is aware, we felt it, she gave us tips, continued the retiree.

To ensure its sustainability, Mont-Édouard needs a minimum amount of $6 million, in particular to repair the ski lifts, further develop the off-road sector and increase the supply of shelters.

A project to this effect has also been submitted as part of the Financial Assistance Program for Recreational, Sports and Outdoor Infrastructure (PAFIRSPA), in order to obtain funding. If the latter is selected by Quebec, Mont-Édouard could receive up to 200,000 dollars.

Jacques Chouinard says that of the $6 million, $3.5 million will come from government grants, and the remaining $2.5 million will be provided by the fundraising campaign.

Accumulating two million dollars in debt, Mont-Édouard placed itself under the Bankruptcy and Insolvency Act in July. By negotiating with his creditors, in October he managed to cancel $1,250,000 of his debts.

With Mélanie Patry

With information from Mélanie Patry

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