Midday Market Minute: Ski Resorts Hoping for Lift from Nemo

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Snow began to fall around the Northeast on Friday at the start of what's predicted to be a massive, possibly historic blizzard, and residents scurried to stock up on food and supplies ahead of the storm poised to dump up to 3 feet of snow from New York City to Boston and beyond.

Even before the first snowflake had fallen, Boston, Providence, R.I., Hartford, Conn., and other towns and cities in New England and upstate New York towns canceled school Friday, and airlines scratched more than 3,700 flights through Saturday, with the disruptions from the blizzard certain to ripple across the U.S.

snow nemo"This one doesn't come along every day. This is going to be a dangerous winter storm," said Alan Dunham, meteorologist for the National Weather Service in Taunton, Mass. "Wherever you need to get to, get there by Friday afternoon and don't plan on leaving."

The heaviest snowfall was expected Friday night and into Saturday. Wind gusts could reach 75 mph. Widespread power failures were feared, along with flooding in coastal areas still recovering from Superstorm Sandy in October.

Boston could get 2 to 3 feet of snow, while New York City was expecting 10 to 12 inches. Mayor Michael Bloomberg said plows and 250,000 tons of salt were being put on standby. To the south, Philadelphia was looking at a possible 2 to 5 inches.

Bloomberg reports that New England ski resorts are looking forward to the forecasted "two feet of fresh powder, after a season with uncharacteristically low snow totals hurt revenue." Direct spending at ski resorts is reported as $5.8 billion by the National Ski Areas Association.

With reporting by The Associated Press.

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sam54ct

Give a ski resort and inch, they take a mile. Considering most are located on State and Federal lands, they've still managed to price themselves out of the reach of most American families. You can take a family of four to the Carribean for the same price as a weekend at most ski resorts.

February 11 2013 at 9:32 AM Report abuse rate up rate down Reply
scottee

stop calling it Nemo.
it's a blizzard.
a nor-easter.

February 08 2013 at 6:27 PM Report abuse +1 rate up rate down Reply