Beaver Creek, Breckenridge, Keystone and Okemo will all add new lifts next year in a mix of expansions and replacements. Parent company Vail Resorts made the project announcements alongside a quarterly earnings report this afternoon. “We remain committed to reinvesting in our resorts, creating an experience of a lifetime for our guests and generating strong returns for our shareholders,” said Vail Chairman and CEO Rob Katz.
At Beaver Creek, a new detachable quad will service the high alpine McCoy Park learning zone. “This new lift accessed beginner and intermediate bowl experience is a rare opportunity to expand with highly accessible terrain in one of the most idyllic settings in Colorado and will further differentiate the high-end, family focused experience at Beaver Creek,” said the company. A second quad chair will provide egress to the top of the Strawberry and Upper Beaver Creek Mountain Express lifts.
At Keystone, the Peru Express will be replaced by a six pack subject to government approval. The new machine will increase out-of-base capacity and improve overall circulation. Also in Summit County, a new detachable quad on Breckenridge’s Peak 7 will enhance uphill capacity near the Independence SuperChair. “This additional lift will further enhance the guest experience at the most visited resort in the U.S. and will significantly increase guest access and circulation for the intermediate terrain on Peaks 6 and 7,” said Vail.
Beaver Creek will expand by 250 acres with a new detachable quad for the 2020-21 ski season, the resort has confirmed. The expansion will feature 17 “groomable glades” for guests seeking low angle adventure at high elevation. “McCoy Park is a separate, family-friendly zone allowing for a more relaxed experience for beginner families,” Vail Resorts notes, describing the terrain as “welcoming for beginner and intermediate skiers to connect and elevate their mountain experience.” The new runs will be accessible from the existing Larkspur, Strawberry Park and Upper Beaver Creek Mountain Express lifts.
Transporting 2,400 skiers per hour, the high speed McCoy Park Express will span approximately 5,900 feet in length with a vertical rise of 840′. A manufacturer was not announced but Doppelmayr has built every new lift at Beaver Creek since 2003. The McCoy Park expansion was first proposed in late 2017 and green lighted by the Forest Service last November. A second lift for egress from McCoy Park was also approved but is not yet slated for construction.
With four recent additions, Vail Resorts Inc. now operates just over 10 percent of American and Canadian lifts, more than any other company. Vail prides itself on investing heavily in its mountains and the average lift at an Epic resort is three years newer than the rest of the industry. The company’s lifts now number 305 in the United States, Canada and Australia with an average age of 24.6 years. If we assume the average lift lasts 35 years, Vail would now need to replace an average of about nine lifts per year just to turn over its fleet.
A little less than a year ago, a smaller VR unveiled plans for seven new lifts as part of a $150 million annual capital plan, the largest in the company’s history. Back in 2016, Vail committed to building three six-packs as part of $103 million in capital spending for 2017 (VR later added a fourth detachable to that year’s class, the Red Buffalo Express at Beaver Creek.) In December 2015, the Broomfield-based company announced a high-speed quad for Vail Mountain and in 2014, it was $50 million in improvements including three new lifts at Park City plus another six pack at Vail. Over the last five years, more resorts have consistently led to more revenue and more capital investments. The company said it will invest $35 million at the four new mountains in the next two years, making it possible this December’s announcement will be the most valuable ever.
Going resort by resort, the most obvious projects are ones already in the pipeline, namely the Game Creek Express #7 replacement and Golden Peak race lift at Vail. But VR could go bigger like it did this summer at Whistler Blackcomb, spending $52 million to package four lift replacements together. On Vail Mountain, additional aging lifts likely to be up-gauged to six-packs eventually are Orient Express #21, Born Free Express #8 and Wildwood Express #3. The mothership mountain has the third largest and third newest lift fleet in the company and I expect investment to continue at Vail following this year’s pause.
On average, the newest lifts within Vail Resorts are at Beaver Creek, which opened decades later than its peers. A major expansion was approved in September – McCoy Park – which may be implemented in 2020. In advance of those two new lifts, the Strawberry Park Express could be updated in 2019 to a higher capacity gondola. The oldest lift at Beaver Creek is the 1988 Arrow Bahn Express, which eventually will be replaced by a newer detachable. Probably not this year though.
Sticking in Colorado, Breckenridge is usually the first or second most visited resort in America and did not see a new lift in 2018. I say a Riblet gets replaced here in 2019 and my vote would be 6-Chair with a high speed quad. My second guess would be C-Chair followed by 5, A, E and Rip’s Ride. If Vail decides to continue replacing older high speed quads instead, Beaver Run SuperChair is the logical candidate.
Keystone has both expansion possibilities and lifts that could be upgraded. The project everyone’s been clamoring for is a detachable lift from The Outback to replace Wayback. Peru Express is the oldest high speed lift at Keystone and a core workhorse, making it likely to be replaced with a six pack soon. Outback Express is one year newer and in a similar situation. Another possible replacement is Argentine, a 1977 Lift Engineering double that the 2009 Keystone Master Development Plan proposed replacing with a two stage detachable. The new lift would load near Peru, have an angle station above Lower Schoolmarm and continue all the way to the ridge of Dercum Mountain. The Keystone MDP also outlines major expansions that I expect we will hear more about over the next decade. They include a Ski Tip gondola, Bergman Bowl lift, Independence Bowl lift, Windows lift and Outback surface lift. Whatever Vail chooses, I am hopeful for a new lift or two at Keystone in 2019.
Crested Butte is the new kid on the block and Vail may wait a year or more to do anything lift wise. The mountain’s Teocalli II expansion is still moving through the Forest Service NEPA process. The Mueller family invested heavily in the Triple Peaks resorts over the years and I don’t see a whole lot needed near-term at CBMR. Replacing original Teocalli with a high speed quad would be a nice way to burn some of the promised $35 million.
The only aerial tramway in Texas closes after nearly six decades. “Replacement of the Wyler Aerial Tramway is estimated to cost millions of dollars. Texas Parks and Wildlife Department does not have the financial resources to execute a capital construction project of this size at this time.”
Michael Doppelmayr is profiled for his 60th birthday. Some interesting facts: his company’s gross margin was 12.1 percent last year and his father Artur vehemently opposed Doppelmayr’s merger with Garaventa.
New York’s high court clears the way for Belleayre to expand into the former Highmount Ski Center.
Bretton Woods and Doppelmayr make great progress on New Hampshire’s first 8 passenger gondola.
The leaders of North and South Korea ride a pulse gondola during their three day summit.
The State of New Hampshire will hold a public meeting about transferring the Mt. Sunapee lease to Vail Resorts on September 26th.
SE Group and the White River National Forest test an interactive storyboard as a public engagement tool for Beaver Creek’s McCoy Park Expansion. Comments are due May 29th and a decision is expected in September.
The Forest Service proposes quickly approving the replacement of Arizona Snowbowl’s Agassiz triple with a 6,100 foot combination lift utilizing gondola cabins between every three or four chairs. Capacity would be only 1,200 passengers per hour.
Magic Mountain commits to finishing the Green lift and weighs the future of its nearby Pohlig-Hall-Yan contraption.
With over 100 detachable chairlifts, 22 gondolas and some 150 fixed-grip lifts, the Colorado lift fleet represents a total investment somewhere in the neighborhood of $700 million. The Centennial State has more ski lifts than any other state or province and on each visit I’m amazed by the caliber of ski infrastructure here. More than half of Colorado’s lifts are detachable models, a feat which no other North American region comes close to achieving. This winter, six more high-speed chairlifts came on scene, and while none open up new terrain, each one serves an important purpose. I was lucky enough to ride the new machines at Beaver Creek, Breckenridge, Copper, Eldora, Keystone and Vail over three days this week, testament to the remarkable amount of skiing available within a few hours’ drive here. This year’s class includes two Doppelmayr high-speed quads, a Doppelmayr six-pack and three Leitner-Poma six-place chairs representing half of all new detachable chairlifts built in North America for 2017-18.
Red Buffalo Express – Beaver Creek Mountain
The last lift from Beaver Creek’s 1980 inaugural season, Drink of Water, was replaced with a new lift with a new name over the summer. The quad’s namesake, Red Buffalo Park, is now a dedicated learning zone with awe-inspring views of the Gore Range from 11,400 feet. While lift 5’s terminals, hangers, grips and operator houses are new, most of the tower components and chairs are from the former Montezuma lift at Keystone. Like its sister Vail, Beaver Creek now has just one fixed-grip lift of appreciable length remaining alongside an amazing 14 detachable chairlifts and gondolas.
Falcon SuperChair – Breckenridge
Breckenridge debuted its third next-gen Leitner-Poma LPA six-pack on December 28th. The new Falcon SuperChair replaces a Poma high-speed quad that opened along with Peak 10 itself in 1985. The new ride lifts capacity by 25 percent to 3,000 guests per hour in this popular advanced-intermediate pod. The Falcon has the same sweet plush chairs as the new Colorado and Kensho SuperChairs.