News Roundup: Preparing

Atlantic Canada’s First Gondola to Open at Cape Smokey

A modern Leitner-Poma gondola is coming to Nova Scotia’s beautiful Cape Breton Island. The new lift will become the centerpiece of a thousand foot mountain called Cape Smokey, which features views of the Atlantic Ocean.  With summer visitation outpacing winter in this region, the gondola will provide year-round access to skiing, sightseeing, mountain biking and a new tree canopy walk.

Cape Smokey was recently rescued by a New York-based investor group after falling into disrepair as a nonprofit society.  Developer Joseph Balaz purchased the mountain from the province of Nova Scotia for just CAD$370,000.  The area’s 1995 Blue Mountain quad last operated in 2006, leaving only a Poma platter lift operable in recent seasons.

Removal of the mountain’s quad chair has already begun and the base-to-summit gondola is expected to open in July 2021.

News Roundup: Experimental

News Roundup: Gondolas on Gondolas

“Ever since the company went public in 2014 it has taken advantage of its improved access to capital to finance large infrastructure projects that may have led to growth in visitation and revenues, but haven’t resulted in better earnings or cash flows.”

News Roundup: High Level