Salt Lake City, UT – Black Diamond Equipment has sold ski helmet, goggle and other protective gear brand POC to the private equity firm Investcorp for $65 million. The sale continues Black Diamond’s initiative announced last March to focus on its Black Diamond and PIEPS brands. Black Diamond first acquired POC in July 2012 for … Continue reading Black Diamond Sells POC to Private Equity Firm
Snowmass, CO – Related Companies is selling its long-stalled redevelopment of the base village at Snowmass to East West Partners. How things got to this point is a convoluted tale. New York-based Related acquired the Snowmass project in 2007 from Intrawest, the developer first chosen by Aspen Skiing Co. in 2001. At that time, East West was reportedly … Continue reading East West Partners Buys Snowmass Base Village
Thompsonville, MI – Michigan’s Crystal Mountain is investing $11 million to debut a new chairlift, new ski runs and an addition to overnight lodging. Construction on the new Backyard triple chairlift and eight new ski runs is already underway, with completion anticipated in time for the 2015-16 ski and ride season. The new west-facing trails, which will be … Continue reading New Lift, Runs and Lodge at Crystal Mountain
Turin, NY – Snow Ridge, a community ski area on the Tug Hill Plateau in the western Adirondacks known for its freakish snowfall, has new owners with big plans this season. (trail map image: Snow Ridge) Fabius, N.Y. native Cyndy Sisto and her … Continue Reading ››
New York, NY – News flash: ski towns are some of the richest rural communities in America. Surprised? No, we’re not, either. Number 3 on Bloomberg’s list: Jackson, Wyo. In August, Bloomberg News compiled a list of the 20 … Continue Reading ››
Lutsen, MN – Construction of Lutsen Mountains’ new gondola is on schedule for completion in time for this ski and ride season. A twin-engine Sikorsky helicopter soared over the Minnesota skies along the North Shore of Lake Superior in mid-September, ferrying 11 of the new lift’s 15 four-ton towers into place on Moose Mountain. Construction … Continue reading Construction of New Lutsen Gondola On Track
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