EXHIBIT 99.6

                         BLUE RIDGE REAL ESTATE COMPANY
                             BIG BOULDER CORPORATION

                      SHARES OF THE COMPANY'S COMMON STOCK

                    OFFERED PURSUANT TO RIGHTS DISTRIBUTED TO
                      HOLDERS OF RECORD OF COMMON STOCK OF
           BLUE RIDGE REAL ESTATE COMPANY AND BIG BOULDER CORPORATION

                            ___________________, 2005

Dear Shareholder:

      This notice is being distributed by Blue Ridge Real Estate Company and Big
Boulder Corporation, Pennsylvania corporations (collectively, the "Company") to
all holders of record of shares of their common stock at the close of business
on ___________ (the "Record Date"), in connection with a distribution in a
rights offering (the "Rights Offering") of subscription rights (the "Rights") to
subscribe for and purchase shares of the Company's common stock. The Rights are
described in detail in the Company's Prospectus dated ________ __, 2005 (the
"Prospectus") which is attached.

      In the Rights Offering, the Company is offering shares of the Company's
common stock (the "Underlying Shares") as described in the Prospectus.

      The Rights will expire, if not exercised, at 5:00 p.m., New York City
time, on ________________, 2005, unless extended in the sole discretion of the
Company (as it may be extended, the "Expiration Time"). The Company may
terminate the Rights Offering at any time prior to the Expiration Time for any
reason.

      As described in the accompanying Prospectus, record holders of the
Company's common stock will receive one Right for every ________ shares of the
Company's common stock held on the Record Date. Each Right will entitle you to
subscribe for one share of the Company's common stock (the "Basic Subscription
Privilege") at a subscription price of $_____ per share, payable in cash (the
"Subscription Price").

      In addition, each holder of Rights who exercises his or her Basic
Subscription Privilege in full will be eligible to subscribe (the
"Over-Subscription Privilege") at the same cash price of $________ per share for
shares of our common stock that are not otherwise purchased pursuant to the
exercise of Rights under the Basic Subscription Privilege (the "Excess Shares"),
subject to availability and pro ration as described below.

      The Over-Subscription Privilege gives a holder of Rights the opportunity
to purchase additional shares in the event that other shareholders do not
exercise all of their Basic Subscription Privileges. The Over-Subscription
Privilege entitles each Rights holder to subscribe for additional shares at a
Subscription Price of $____ per share, not to exceed the number of shares
available for purchase by the Rights holder under the Basic Subscription
Privilege, subject to proration. If there are not enough shares available to
fill all subscriptions for additional shares, the available shares will be
allocated pro rata based on the ratio that the number of available shares bears
to the total number of shares that are the subject of over-



subscription requests.

      The Over-Subscription Privilege will only be available to a holder of
Rights if (1) other Company shareholders do not fully exercise their Basic
Subscription Privileges and (2) the holder of Rights exercises his or her rights
pursuant to the Basic Subscription Privilege. Although each holder of Rights is
guaranteed the right, pursuant to his or her Basic Subscription Privilege, to
purchase that number of shares equal to the number of Rights received in the
offering, the holder may not be able to purchase any of the shares that he or
she seeks to purchase pursuant to the Over-Subscription Privilege. The actual
number of shares available for purchase pursuant to each Rights holder's
Over-Subscription Privilege will depend upon whether the holder fully exercises
his or her Basic Subscription Privilege and the number of shares purchased by
the other Record Holders pursuant to their Basic Subscription Privileges, but in
no event will that number exceed the number of shares available to each Record
Holder for purchase under his or her Basic Subscription Privilege. See "The
Rights Offering -- Over-Subscription Privilege."

      As soon as practicable after ________, 2005, HSBC Bank USA, National
Association, acting as our "Subscription Agent," will determine the number of
shares that you may purchase pursuant to the over-subscription privilege. You
will receive a certificate representing the shares of our common stock you have
purchased as soon as practicable thereafter. Subject to state securities laws
and regulations, we have the discretion to delay allocation and distribution of
any and all shares to shareholders who are affected by such regulations and
elect to participate in the rights offering, including shares that we issue with
respect to your basic or over-subscription privilege, in order to comply with
state securities laws. If you request and pay for more shares than are allocated
to you, that overpayment will be held by the Subscription Agent pending the
completion of this rights offering and will be refunded to you, without
interest, promptly thereafter.

      The Rights will be evidenced by non-transferable Rights certificates (the
"Rights Subscription Certificates") and will be null and void and cease to have
value at or after the Expiration Time.



Enclosed are copies of the following documents:

   1. Prospectus;

   2. Rights Subscription Certificate;

   3. Instructions for Use of Blue Ridge and Big Boulder Rights Subscription
   Certificates (including a Notice of Guaranteed Delivery for Rights
   Subscription Certificates Issued by Blue Ridge Real Estate Company and Big
   Boulder Corporation.); and

   4. A return envelope addressed to HSBC Bank USA, National Association, the
   Subscription Agent.

      Your prompt action is requested. To exercise the Rights, you should
properly complete and sign the Rights Subscription Certificate (or the Notice of
Guaranteed Delivery if you are following the Guaranteed Delivery Procedures) and
forward it, with payment of the Subscription Price in full for each share
subscribed for pursuant to the Basic Subscription Privilege and the
Over-Subscription Privilege, to the Subscription Agent, as indicated in the
Prospectus. The Subscription Agent must receive the Rights Subscription
Certificate or Notice of Guaranteed Delivery with payment of the Subscription
Price, including final clearance of any checks, prior to the Expiration Time.

A RIGHTS HOLDER CANNOT REVOKE THE EXERCISE OF ITS RIGHTS. RIGHTS NOT EXERCISED
PRIOR TO THE EXPIRATION TIME WILL EXPIRE.

      Additional copies of the enclosed materials may be obtained from HSBC Bank
USA, National Association, our Subscription Agent, by calling (800) 662-9844.

                                Very truly yours,

                                BLUE RIDGE REAL ESTATE COMPANY
                                BIG BOULDER CORPORATION