Midday Market Minute: Ski Resorts Hoping for Lift from Nemo

Before you go, we thought you'd like these...
Before you go close icon

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.
Read Full Story

People are Reading