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Vail Resorts to Buy Whistler Blackcomb in $1 Billion Deal

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The largest ski resort company in the world, Vail Resorts, announced a deal this morning to buy North America’s biggest ski mountain for just over USD$1 billion in cash and stock. The acquisition of Whistler Blackcomb brings Vail Resorts’ portfolio to a dozen mountain resorts including the most-visited in the United States, Canada and Australia.  Vail Resorts, Inc. will also own six of the top ten mountains by skier visits in North America. The company has been looking to grow internationally since acquiring Australia’s Perisher Resort in 2015.

Whistler Blackcomb Holdings currently trades on the Toronto Stock Exchange. CEO Dave Brownie says the company’s board has been “monitoring the unique challenges facing the broader ski industry due to the unpredictability of year-to-year regional weather patterns.”  As a result, the Whistler Blackcomb board accepted a takeover offer from Vail that places a 43 percent premium over Friday’s stock price, valuing W-B Holdings at CDN$1.39 billion.

The deal is expected to close before the end of the year.  On the season pass front, Whistler Blackcomb will quit the Liftopia-powered Mountain Collective pass after this season and join Vail’s Epic Pass.  Epic pass-holders will have access to 253 lifts at Vail’s 12 resorts in three countries.

Whistler Blackcomb announced a $345 million capital improvement plan called Renaissance earlier this year that will include new lifts on both mountains over the next 20 years and Vail intends to continue investing in this initiative.

News Roundup: New Manufacturer?

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Medellín Pairs Urban Gondolas with Subways

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South American cities are world leaders in urban cable transport, with 24 urban gondolas either opened or planned in Bogotá, Caracas, Guayaquil, La Paz, Lima, Medellín and Rio de Janeiro.  I’ve written extensively about La Paz, Bolivia’s capital that went all in on cable transport with eleven gondolas either operating, under construction or planned.  But a full decade before the creation of Mi Teleférico in La Paz, Metro de Medellín opened the first of three Metrocable gondola lines in Colombia’s third largest city.  Metrocable Line K was the first urban gondola to seamlessly link with a subway anywhere in the world, providing under-served and poor neighborhoods access to the city’s transport network. Metrocable’s J, K and L lines, with ten stations over 5.8 miles, now compose a quarter of the Metro de Medellín network.  All three Metrocable lines are 8-passenger monocable gondolas built by Poma.

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Line K debuted in 2004 with a shockingly low construction cost of $26 million.  Its four stations branch off from the Acevedo Metro station over a length of 6,798 feet, giving three neighborhoods access to the core subway Line A that opened in 1996.  This gondola rises 1,309 feet with a rope speed of 5 m/s.  Metrocable Line J opened in 2008 at a cost of $47.5 million, serving four more stations from the terminus of the shorter subway Line B. Line J is longer than the original K at just under 9,000 feet.  A ride with seamless transfers between buses, two Metro subway lines and two Metrocable lines costs less than a dollar.

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Medellín’s Metro system features two subway lines and three Metrocable lines with two more under construction.

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News Roundup: For Sale

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News Roundup: Villages

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Mi Teleférico to Build 11th Gondola Line in La Paz

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The urban ropeway revolution will continue in Bolivia’s capital city of La Paz, where President Evo Morales announced Friday an 11th gondola line, Linea Celeste (Sky Blue Line) will join the Mi Teleférico gondola network.  La Paz and the neighboring city of El Alto announced the Red, Yellow and Green gondola lines in 2012 and the world’s largest urban gondola system opened throughout 2014.  President Morales unveiled plans for phase two with six more lines in 2015 with another added to the mix last February.  All 11 lines will be 10-passenger monocable detachable gondolas built by Doppelmayr. This latest investment of $110 million comes on top of $234 million for phase one and $450 million for the first six lines of phase two.

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The Sky Blue branch will stretch nearly 9,000 linear feet with four stations, 27 towers and 159 CWA 10-passenger cabins. It is expected to be the busiest line in the system, serving the heart of the city and up to 4,000 passengers per hour at six meters per second.  The three existing lines operate at up to 5 m/s.  A trip from end to end on Linea Cileste will take 11.8 minutes.  A line previously dubbed Sky Blue will now be known as the Gold Line.  At the current rate, Mi Teleférico is going to run out of colors soon!

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Leitner-Poma MiniMetro Debuts at Miami International Airport

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A new Leitner-Poma/Sigma MiniMetro train car transports flyers at Miami International Airport. Photo credit: Leitner-Poma
A new Leitner-Poma/Sigma MiniMetro train car transports flyers at Miami International Airport. Photo credit: Leitner-Poma

Aerial lifts are far from the only transport applications where cable-propelled systems make a lot of sense.  Earlier this month, Leitner-Poma celebrated the opening of its newest MiniMetro train at Miami International Airport.  It’s the first phase of a system that will carry up to 30 million passengers annually to the Concourse E Satellite using less energy and with lower costs than a traditional automated people mover.   Leitner-Poma of America President Rick Spear said of the opening, “we are very pleased with the new MiniMetro train at MIA.  We have demonstrated our ability to be a competitive alternative to existing self-propelled technology both on price and performance, and in particular on the yearly operating and maintenance costs.”  Many of the train’s components were manufactured at Leitner-Poma’s Grand Junction facility that also builds ski lifts for North America, Australia and New Zealand.

The new train at Concourse E replaces one built in 1980 by Bombardier.  The Leitner-Poma project is the fourth people mover at Miami International Airport and the first to be cable-driven instead of having propulsion in each car. Mitsubishi Heavy Industries constructed the MIA Mover & Skytrain and also bid on the Concourse E replacement project.  Miami-Dade County awarded Leitner-Poma the $87 million contract in 2014, which includes 15 years of operation and maintenance.  “The Leitner-Poma team has delivered a train that is aesthetically appealing and has a very smooth ride.  The south lane is open and is being well received by our passengers,” said Eddie Chinea, Miami-Dade Aviation Department APM/Transport Systems Chair and Assistant Project Director.

Photo credit: Leitner-Poma
Photo credit: Leitner-Poma

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News Roundup: Signs of Life

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News Roundup: New in New Zealand

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New England Gets a Lift: Suicide Six to Build New Quad Chair

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Vermont’s Woodstock Inn & Resort unveiled plans Thursday for a new quad chairlift at its Suicide Six Ski Area.  Normally this wouldn’t be a big deal, but it marks the first (and possibly only) major lift project in the Northeast United States for 2016.  Over the last ten seasons, Northeastern ski resorts have built an average of ten new lifts each year, testament to this year’s huge departure from normal in the wake of a rough winter.

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Suicide Six is replacing the longer of its two chairlifts.

The new Lift #1 will replace a 1975 Borvig double and be built by Leitner-Poma of America.  The Laurance S. Rockefeller Fund will foot the bill for the $1.5 million project.  The Rockefeller Family’s RockResorts once owned Suicide Six and the Woodstock Inn and spun them off as the nonprofit Woodstock Foundation in the 1980s.  Vail Resorts bought RockResorts in 2001.

The 2000′ Borvig double chair being replaced closed in February after the ski area found tower cracks following the Timberline, WV crossarm failure.  Although the two lifts’ towers were of different design, the State of Vermont ordered inspections of all Borvig-brand lifts.  The new quad will be Suicide Six’s first new lift since Poma built the 1,600′ chairlift way back in 1978.  The mountain first opened for skiing in 1936 and currently has two double chairs, a J-Bar and 24 trails.

Woodstock President and General Manager Gary Thulander said in a news release, “We recognized the need to upgrade this chairlift as part of the long-term support of the regional ski community including local schools, season pass holders, the Woodstock Ski Runners program, and visiting skiers.  Increased chair capacity means a dramatic upgrade to the overall experience of the mountain by all levels of skiers, racers and snowboarders.” Removal of the old chair is already underway.

Out with the old. Photo credit: Green Mountain Control Systems.
Out with the old Borvig. Photo credit: Green Mountain Control Systems.

This is Leitner-Poma’s eighth new lift project for 2016, up from seven last year.  With this news from Suicide Six and other recent announcements, the total new lift count for North America stands at 39, up 11 percent from last summer’s 35.