News Roundup: D’oh!

Lost Valley Adding Third Chairlift

It won’t be brand new but Maine’s Lost Valley plans to add a third chairlift this summer on the Coyote trail. The 1976 Hall double comes by way of Mt. Southington, Connecticut, where it operated as the Northstar double until last season. Prior to that the classic Hall carried skiers at Craigmeur, New Jersey for 22 seasons.

At Lost Valley, the double chair will follow roughly the same alignment as the mountain’s former T-Bar. Lost Valley also operates two other Hall doubles. “This third lift install project will also include adding lighting and snowmaking to that side of Lost Valley to allow weeknight access,” the mountain said. “We plan to add some park feature to that side of the hill as well and it will also provide additional skiing and riding terrain, intermediate and advanced learning and more race capabilities.” Construction on the new lift is set to begin this summer.

News Roundup: Free Gondola

News Roundup: Too Expensive

News Roundup: Aspen Snowmass

News Roundup: On the Horizon

Alterra to Buy Arapahoe Basin

Alterra Mountain Company has reached an agreement to acquire Arapahoe Basin, Colorado from Dream Unlimited, a Canadian developer which has owned the Basin since 1997. Alterra did not disclose the sale price but Dream Unlimited said in a release that “management believes this sale will result in after-tax profit of CA$110 million” before closing costs and adjustments. Under Dream, Arapahoe Basin nearly tripled in acreage and replaced its entire lift fleet. “Arapahoe Basin has been a great investment for Dream and one that we are very proud of,” said Michael Cooper, Chief Responsible Officer of Dream. “We have had the honour of taking care of this Resort over the last quarter century, with a constant commitment to the visitor experience. We are thrilled that Alterra recognizes and shares the same values and will continue to foster its unique and incredible culture.”

Arapahoe Basin will become Alterra’s 18th owned destination in North America and third in Colorado when the sale closes later this year. Veteran Chief Operating Officer Al Henceroth will continue to lead A-Basin under Alterra and guide the next phase of capital improvements, to include expanded snowmaking and parking. Henceroth noted on his legendary blog that “it has been a wild and fun 27 years, but it is time for the next step. Through the Ikon Pass, Alterra has created a partnership of the greatest resorts in the world. They know and understand The Basin and are enamored by its culture and vibe. I think they are the best team to help us through our next phase of growth and maturation.”

A-Basin partnered with Alterra to join the Ikon Pass in 2019 and Ikon access will remain unchanged for the current season. In Colorado, Ikon offers unlimited access to Copper Mountain, Eldora, Steamboat and Winter Park along with limited access to Aspen Snowmass and Arapahoe Basin. “Arapahoe Basin is considered legendary for a reason,” said Jared Smith, President & CEO of Alterra Mountain Company. “From its unparalleled terrain, to its commitment to sustainability, A-Basin has a team that has a passion and commitment for this unique place and its traditions, making it an ideal fit for the Alterra Mountain Company family.”