New Gondolas, Base Area Redevelopment and Enhanced Facilities Planned for Winter 22/23
Alterra Mountain Company announces its plans to invest $344 million in capital improvements for winter 22/23, reaching over $1 billion invested in transformational changes over the past five years. This reaffirms the company’s dedication to enhance the guest experience at its 15 North American destinations and almost doubles the original financial commitment of $555 million over five years announced when the company was formed in 2018.
This year’s $344 million plan includes $237 million in large scale resort development, including $93 million in increased capacity and terrain expansion, $91 million in skier services upgrades, and $16 million in guest experience technology to improve the booking and on-site experience. The largest focus of the annual investment will support five major destinations, including the continuation of major developments at Steamboat in Colorado and Palisades Tahoe in California. In addition, significant multi-year developments will kick off at Deer Valley Resort in Utah, Mammoth Mountain in California, and Crystal Mountain in Washington.
“This historic investment is clear evidence of our commitment to deliver a premier guest experience at our North American destinations and our engagement towards the long-term future of our mountains,” said Rusty Gregory, CEO, Alterra Mountain Company. “More than ever, we continue to infuse meaningful capital into projects that will transform our base areas while significantly improving our physical and digital on-mountain offerings to ensure that our guests experience the best of the mountains.”
Palisades Tahoe, California
The highly anticipated $65 million Base-to-Base Gondola at Palisades Tahoe will be completed for the 22/23 winter season. The gondola will connect the two mountains of the resort for the first time, giving skiers and riders a brand new way to access a combined 6,000…
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