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.”

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Timberline Purchases Summit Ski Area

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The Homestead lift replaced a T-Bar at Summit in 1980 and will now be operated by nearby Timberline Lodge.

The Pacific Northwest’s oldest ski resort has a new owner from just up the road – Timberline Lodge.  With its purchase of Summit Ski Area, Timberline parent RLK and Company brings together two of the five ski resorts that surround Oregon’s Mt. Hood.  Family-owned Mt. Hood Meadows bought Cooper Spur Mountain Resort back in 2001 and Mt. Hood Ski Bowl is operated by a third local entity.  Situated in Government Camp directly below Timberline’s Jeff Flood Express, Summit operates a 1980 Riblet double chair and sells lift tickets for just $35.  “We are very pleased with the acquisition and plan to operate Summit Ski Area as a family oriented, affordable, friendly mountain resort,” noted Jeff Kohnstamm, President of Timberline in an afternoon press release.

The long term possibilities of two ski resorts in such close proximity are intriguing.  From bullwheel to bullwheel is just under a mile and there is already an unofficial ski trail between the two areas.  Total vertical could theoretically reach 4,540 feet – far and away the longest in the Pacific Northwest.  But even if the ski resorts never link by ski runs, they could by gondola.  Timberline’s news release notes, “With Portland’s population growing rapidly and more people visiting Mt. Hood, Timberline also views Summit Ski Area as an opportunity to help address public transportation and parking needs while having a greater connectivity to Government Camp.”  A gondola from Government Camp to Timberline would make a lot of sense because of challenges maintaining a road and parking lots above treeline.  There was a gondola lift of sorts way back in the 1950s and RLK has in the past proposed a two stage version along a similar route.

“We look forward to an open-minded approach and discussing opportunities with the community,” says Kohnstamm.  “It will be exciting to see what the future holds for Summit, Timberline, Government Camp and all who visit.”