Details emerge in recorded loan docs made in 2022 between Mt. Bachelor, LLC a bank and the Forest Service.

The Forest Service Permit

Mt. Bachelor operates under a special use permit from the Forest Service. The permit entitles the USFS to a percent of revenue. It spells out what Bachelor can and can’t do and what the Forest Service can chime in on.

The permit says that prices and services may be regulated by the USFS provided that Mt. Bachelor shall NOT be required to charge prices significantly different than those charged by comparable or competing enterprises.

My take - The USFS is blessing 25 dollar burgers when they should be requiring affordable options. It’s our land, prices should be reasonable. Affordable options should always be available, even if it’s less profitable for Mt. Bachelor.

It’s not an exclusive use permit. The public can still use the land for any lawful purpose unless Bachelor and the USFS agree to close parts to, “protect the installation and operation of authorized structures and developments.”

My take - The USFS should take a look at Mt. Bachelor’s restrictive uphill travel policy. They should have Mt. Bachelor remove any signage, rope lines, etc. that interfere with our right to access our land.

The USFS fees are 1.5% to 4% of adjusted gross revenue. Mt. Bachelor has cell tower lease agreements and these are NOT included in the revenue. There may be other revenue items that the Forest Service is not getting paid on or are subject to legal interpretation.

Question - Does the USFS ever audit Mt. Bachelor? If so, who is doing it, how often and what were the results?

The Loan

In September of 2022 U.S. National Association agreed to loan Mt. Bachelor, LLC up to 350 million bucks. It’s unknown how much is currently owed.

My take - A bank thought it was worth 350 million in 2022, but is it? Time will tell.

There are a lot more details in the documents, so please take a look and express yourself. I’m not an attorney, so if I got anything wrong let me know.

Amendment to Deed of Trust - Includes USFS operating permit.