Quebec announces $70 million in subsidies to support infrastructure investments at ski resorts in the province, including lift upgrades.
SEC filing shows exactly how much CNL Lifestyle Properties paid for each of the 16 ski resorts it owns. The most valuable was Northstar at $80.1 million with Loon Mountain selling for just $15.5 million. The Gatlinburg Sky Lift operation went for a whopping $19.9 million!
Bridger Bowl to sell chairs from Virginia City if buyer falls through.
Interalpin, the every-other-year mountain technology nerd fest is April 26-28.
We might not see many lifts built in the Northeastern U.S. this summer with continued dismal weather hurting business. With plentiful snow across the west, keep track of new lifts to be built this summer here.
Construction at Laurel Mountain is 30% complete and ahead of schedule. The state-owned mountain will open next winter for the first time since 2005 with a brand new SkyTrac quad.
Magic Mountain only managed to open one lift last winter and may not spin any this season. The Vermont area had five aerial lifts in its heyday.
CNL Lifestyle Properties, the real estate investment trust that was slated to wind down by Dec. 31st, only sold one of its 16 mountain resorts by that date. Okemo, Northstar, Big Sky and a dozen others will remain for sale into 2016.