Black Mountain, one of New Hampshire’s oldest ski areas, has been sold to a newly formed community cooperative following a $2.6 million transaction finalized on May 24. The sale marks a new chapter for the historic ski hill, which opened with lift-served skiing in 1935 and most recently operated under the Fichera family for nearly three decades. The new owner, Black Mountain Community Corporation—formerly Black Mountain Co-op LLC—now assumes responsibility for the upper mountain, base area, and adjacent Whitney’s Hill parcel, totaling more than 93 acres.
- Related: Black Mountain in New Hampshire Fires Up Snow Guns in April With Plans to Stay Open Until May
The cooperative model is backed by Indy Pass owner Erik Mogensen, who is listed as the group’s president. The main ski terrain, however, remains under the ownership of the High Pastures Owners Association, which has granted a skiing easement to the new operator, NewEnglandSkiIndustry.com reports.  The sale includes a clause allowing former owner John Fichera to collect any future resale profits above the $2.6 million purchase price within five years. According to Carroll County property records, two $2.5 million mortgages were filed on the day of the sale—one from Entabeni Systems Real Estate of Colorado and another from Rhode Island-based investor Thadeus Mocarski.
Efforts to transition Black Mountain into a community co-op have been ongoing since late 2024, when the co-op was first registered with New Hampshire. In a prior meeting and email communication referenced by New England Ski Industry, Mogensen estimated that $5 million would be needed to fully launch the co-op, including future share sales expected to begin in December 2025 pending SEC approval.
This spring, Black Mountain drew attention for its unusually late operations, staying open through May 3 after firing up snowmaking guns in April. According to New Hampshire Public Radio, Black was the last New Hampshire ski area to close for the 2024-25 season, bucking regional trends by extending skiing well past the usual cutoff. The snowmaking effort that was launched as late as April 9 despite warm temperatures allowed for top-to-bottom skiing and full parking lots into May.
Black Mountain’s lift fleet includes a 1965 double chair, a 1984 triple chair, and three surface lifts, serving roughly 1,100 vertical feet. The ski area, nestled in the White Mountains, has long been considered a classic New England hill with deep local ties. The 2024-25 season at Black closed not only with late turns but also with a major ownership milestone, as supporters of the co-op look ahead to launching public share sales and securing long-term sustainability.
