“Alterra to Invest $300 Million in Western US Ski Resorts”

"Alterra to Invest $300 Million in Western US Ski Resorts"

Alterra Mountain Company, based in Denver, is making a significant investment of $300 million to upgrade several ski areas in the western United States. This includes new and renovated lifts, improved snowmaking programs, summer activities, and updates to resort infrastructure. In the past year alone, Alterra completed its three-year project at Steamboat with a total cost of $225 million called “Full Steam Ahead.” This included opening 655 acres of expert terrain in Mahogany Ridge and Fish Creek Canyon as well as introducing the Wild Blue Gondola – now North America’s longest gondola and fastest 10-person gondola.

Deer Valley (pictured) will also be unveiling three new chairlifts along with over 300 additional skiable acres. There will also be several new ski runs added and an extra 500 parking spots for day-skiers.

In addition to these upgrades at Deer Valley, Alterra has plans for seven more lifts across various locations including Mammoth Mountain Resort,Big Bear Mountain Resort,Sugarbush,Mammoth Mountain (refurbishment),Steamboat(refurbishment),and Stratton(refurbishment). These investments are focused on increasing skier capacity and speed while improving operational reliability for guests’ enjoyment.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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