TL;DR
Alterra Mountain Company has announced a capital investment program of almost $500m to enhance its portfolio of destinations. The funding will include the introduction of lifts, technology upgrades and additional amenities, while $50m has been earmarked for employee housing.
Alterra Mountain Company, a premier mountain operating company, has announced a $500 million capital investment program focused on improving the guest and employee experience across its portfolio of destinations in the coming year. This follows the completion of more than $1 billion in capital improvements over the first five years of the company's operation, double the original financial commitment of $555 million announced at its inception.The investment plan for the next year includes $400 million for lifts, snowmaking, summer adventures, guest amenities, and resort infrastructure, $50 million for employee housing, and $40 million for technology upgrades to improve the guest experience. Alterra has recently completed three significant projects, including the Base to Base Gondola, which transformed Palisades Tahoe into the largest ski area in California, the Greenhorn Ranch Learning Center in Steamboat, and the first stage of the Wild Blue Gondola, which will ultimately become the longest and fastest gondola in North America.
