The Forest Service says at least two of Grand Targhee’s proposed expansion lifts will not be approved and a decision on others won’t come until late 2022.
The new high speed quad on Peak 7 at Breckenridge will be called Freedom SuperChair.
Regarding capital projects and the seven lift projects Vail postponed this year, Katz said on the conference call:
“We are of course going to be monitoring the season closely before we come out with any plan for calendar year 2021. We’ll make sure we’re incorporating what happened this year. We will likely still be in a conservative approach though hopefully not as conservative as last year because the environment around Covid and travel has all improved. We will definitely be prioritizing projects that we think will have a significant impact on the guest experience and certainly some of the projects that we deferred from last year will be top of the list.”
Government-owned Marble Mountain remains on the hunt for a private operating partner.
Le Relais eliminates season passes entirely. Guests will buy blocks of skiing until they reach a certain total for the season, then all remaining blocks are free.
A local investment banker will take over operations of nonprofit Sleeping Giant Ski Area.
The Perfect family has pumped more than $13 million into Timberline Mountain this offseason, including the two new chairlifts which are 75 percent complete.
I’m not an accountant but I think this filing reveals Vail Resorts has agreed with creditors not to make capital improvements of more than $200 million per year or undertake any mergers/acquisitions through January 2022.
Vail is also borrowing $600 million through the sale of bonds.
