News Roundup: Vail Numbers

  • Vail Resorts has sold 850,000 season passes as of September 18th, an 18 percent increase compared to last year at this time.
  • CEO Rob Katz assures skiers reservations should be widely available for most resorts on most days.
  • Vail lost $153.6 million in the quarter ended July 31st compared with an $89.5 million loss in the same period last year.
  • For the full fiscal year 2020, Vail reported a net income of $98.8 million, a decrease of 67.2 percent.
  • The company also recently cut 410 jobs.
  • 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.”

News Roundup: Perfect

News Roundup: Shovel Ready

  • Lift construction resumes in New Zealand, where resorts are optimistic they can open next month with social distancing.
  • The Forest Service commences scoping for Lutsen Mountains’ big expansion, which would include seven new chairlifts.
  • You can also submit comments on Keystone’s Bergman Bowl project starting today.
  • The State of New York partners with Skytrac and Leitner-Poma for three fixed grip quads – two for Gore and one at Whiteface.
  • Vail Resorts provides last season’s Epic Pass holders with 20-80 percent credits and introduces free refund coverage for next winter.
  • Silver Mountain joins the Powder Alliance, Schweitzer exits.
  • Vail Resorts says goodbye to many Peak Resorts employees as planned before COVID-19.
  • The Burnaby Mountain Gondola project could benefit from an infrastructure push in Canada.
  • Wolf Creek planned to reopen this weekend but an executive order late last night extended the closure of Colorado ski areas through May 23rd.
  • Valemount, BC considers building a community ski hill.
  • 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.

News Roundup: Stellar

 

 

News Roundup: Interviews

  • The 117 year old Poconos hotel which just announced plans to build a chairlift burned down last Friday.
  • Yellowstone Club adds Silver Tip, its 18th major lift, giving YC the 13th highest lift count in the nation!
  • More awesome podcasts: Jeremy Davis of the New England Lost Ski Areas Project, Rob Katz on snowmaking across Vail Resorts, Geoff Hathaway on rebuilding Magic Mountain and the staff of Eldora on what it takes to open weeks ahead of normal.
  • Two new quads and a lift shortening are all now reflected on the Stevens Pass trail map.
  • Vandals slash upholstered seats on an Austrian gondola, cause $28,000 in damage.
  • Okemo receives a 24 month extension to its permit for building a beginner fixed grip quad at Jackson Gore.
  • Loveland gains approval to replace Lift 6 with either a fixed grip triple or detachable quad in 2021.
  • New Hampshire Governor Chris Sununu tours the gorgeous new summit lodge and gondola at Bretton Woods.
  • Alterra CEO Rusty Gregory joins Bloomberg TV and Yahoo Finance to chat about opportunities he sees in the ski business.
  • The head of MND Group says financial struggles are history as the company ramps up to deliver $200 million worth of orders for lifts, Gazex and snowmaking.
  • The Forest Service plans to approve two new fixed grip quad lifts at Lee Canyon.
  • Big Sky looks for 30 more chairs for Six Shooter.
  • A Wyoming ranch with snow cat skiing considers adding lift service.
  • Chris Diamond’s new book, Ski Inc. 2020, was released last week and is a must read for those who follow North American skiing.
  • Simon Fraser University includes a 3S gondola as a core component of its new campus master plan.

News Roundup: Italian American

    • The Edmonton Ski Club and its Mueller T-Bar will reopen this winter following a one year hiatus.
    • The developer of Big Snow America is so confident in the American Dream project that it offered the Mall of America and West Edmonton Mall as collateral to secure a $2.8 billion construction loan.
    • Investors and Berkshire Bank battle over whose claim to the Hermitage six pack should take precedent.
    • The White River National Forest extends public commenting for the Breck Peak 7 Infill chairlift project to September 1st.
    • The Forest Service approved Aspen Mountain’s Pandora expansion awhile ago but the county still needs to approve necessary zoning.
    • SilverStar adds 24 hour security, surveillance cameras and enhanced line checks in the wake of the Sea to Sky Gondola downing.
    • TransLink’s CEO says the proposed Burnaby Mountain tricable gondola would be less susceptible to such an attack.
    • Grouse Mountain gives all Sea to Sky Gondola passholders free lift access through November 30th.
    • S2S cleanup will take awhile and trails remain closed for public safety.
    • Swiss manufacturer Bartholet shows it’s possible to build a new fixed quad in just three weeks.
    • Jaegerndorfer now exports Omega V cabins in miniature form to the United States.
    • Aspen Snowmass will add chairs to lifts at Highlands and Snowmass to address Ikon Pass crowding concerns.
    • Skytrac will manufacture towers for and install the new Leitner T-Bar at Ski Cooper.
    • This profile demonstrates why the Kaiser S2 excavator is so popular for ski lift construction.
    • MND Group, owner of LST Ropeways, says it has resolved “financial difficulties” by reorganizing its debt.
    • Doppelmayr names Jürgen Pichler its new global marketing chief.
    • It looks like Sunday River’s Locke Mountain triple will gain a tower or two thanks to the new T-Bar that crosses under it.
    • Arctaris Impact Fund hosts a community meeting and announces its intention to close on the purchase of Saddleback come early November.
    • Big Sky and Loon Mountain will launch the world’s first dual frequency RFID lift access system in partnership with Axess.
    • With a new detachable quad under construction, Bogus Basin caps a five year turnaround.
    • Alpine Media display screens will go live on more chairs this winter.
    • Big Burn at Snowmass may be replaced with a bubble lift.

.

News Roundup: Companies

  • All of a sudden, the Aspen Lift One project finds itself in jeopardy.
  • The City of Branson ends its exclusive agreement with a would-be gondola developer after years of false starts.
  • Two companies bid to replace the Barrows double at Howelsen Hill in 2020 or 2021.
  • Disney Skyliner attendants will start at $12 an hour.
  • Competing resorts comment on the New Hampshire Vail acquisitions as Attitash touts major lift maintenance investments.
  • A jury decides Wachusett Mountain should pay $3.3 million to the family of a child who was injured in a 30 foot fall from the Polar Express in 2015.
  • The Placer County Board of Supervisors unanimously approves the California Express gondola project.
  • Utah Olympic Park breaks ground on the first phase of its major expansion with a second new lift to follow in two to five years.
  • A study concludes Teton Pass, Montana would need to attract 15,000 visitors annually to reopen as a viable resort.
  • Big changes are coming to the EB-5 visa program, which some ski areas have used to pay for big ticket improvements in the past.
  • Timberline’s owners hire an investment bank to sell the ski area.
  • Berkshire Bank and others slam the latest Hermitage restructuring plan.
  • TransLink gets serious about building a 3S in metro Vancouver.

News Roundup: Norway

  • Arctaris Impact Fund still wants to buy Saddleback but no deal has been reached after more than a year.
  • The Banff-Norquay gondola project faces stiff headwinds from Parks Canada.
  • The latest podcast from Vail Resorts CEO Rob Katz highlights how the company takes over operations at newly-acquired resorts.
  • A judge rejects the Hermitage Club’s proposed restructuring plan as members look to reopen under new management.
  • In other Hermitage news, a New Jersey bank seeks to repossess 46 snow guns.
  • Here is the complete incident narrative from the February SeaWorld gondola deropement.
  • Lift construction gets underway at Skeetawk, America’s first all-new ski area since Cherry Peak in 2015.
  • Village construction resumes at Tamarack with Wildwood Express installation to follow this fall.
  • A helicopter delivers most of the new Steamboat gondola towers.
  • Last week’s gondola incident at Vail was not a result of tampering or sabotage.
  • Medellín’s sixth urban gondola, Line P, is on track to open in December.
  • After 1,231 days as Yosemite Ski & Snowboard Area, the Badger Pass name returns thanks to a $12 million settlement between the National Park Service and two competing concession companies.
  • I spoke too soon on Eaglecrest possibly building Alaska’s first gondola.  Icy Strait Point on Chichagof Island is planning a gondola project to open as soon as next summer.
  • The haul rope is spliced for a rare fixed grip chondola in Illinois.
  • Mi Teleférico in La Paz broke its own daily record again on Monday with 583,841 riders, more than average weekday ridership for Boston’s three subway lines combined.

  • Municipally-owned Great Bear resorts to private fundraising in hopes of replacing its Borvig chairlift.
  • Placer County leaders will vote Tuesday on the Squaw-Alpine gondola.
  • Simon Fraser University steps up its Burnaby Mountain gondola marketing.
  • The Los Angeles Griffith Park gondola study is underway.
  • Eagle’s Rest 2.0 nears completion at Jackson Hole.

News Roundup: Win-Win

News Roundup: Ten

  • Garaventa inks a $45 million deal for a 4x funifor, 1x aerial tramway megaproject in Switzerland.
  • Beartooth Basin attempts to crowdfund this spring’s operation, including $35,000 for a required gearbox replacement on Poma 1.
  • An ugly snowmobile-chairlift crash is caught on tape at Sunshine Village.
  • The City of Steamboat will overhaul the Howelsen Hill Poma this summer and plans to replace Barrows around 2021.
  • The Transbay Transit Center in San Francisco and associated aerial tram may reopen as early as June.
  • Disney Skyliner’s nearly 300 ten passenger cabins will come in ten different colors with 22 unique character wraps.
  • The Indy Pass is still adding mountains.
  • With Timberline Resort’s owners unable to find an attorney, a judge postpones a state receivership hearing until May 28th.
  • Leitner will show off updated six passenger chair and Diamond gondola designs at Interalpin.
  • Local businesses leaders are pushing for a high capacity 3S on Burnaby Mountain.
  • Steamboat plans to sell its now retired gondola cabins to other ski resorts around the world for parts.
  • The so-called Balsams bill passes the New Hampshire Senate and is expected to be signed by the governor.