TL;DR
Reed Hastings has invested $100 million to become the majority owner of Powder Mountain, heralding a new era for the resort. The investment will fund enhancements to expand skiable terrain, create Nordic and snowshoe trails, and improve beginner experiences. Immediate winter '23/24 upgrades include access to 500 acres of guided backcountry terrain, a new activity centre, moonbike tours, and improved beginner facilities. Visitors can also enjoy $19 night skiing lift tickets. Further developments are in the pipeline, including new lifts set for installation in summer '24, as Powder Mountain continues to evolve under Hastings' ownership.
Reed Hastings has become the majority owner of Powder Mountain after a substantial $100 million investment, marking a new chapter for the renowned mountain resort known for its limited daily lift ticket availability and spacious visitor experience. Hastings and his wife, Patty, are deeply fond of the unspoiled powder, extensive terrain, and tight-knit community at Powder Mountain, and their investment aims to enhance these unique qualities. They plan to achieve this by improving accessibility, bolstering infrastructure, and maintaining the resort's uncrowded ambiance.The transformative vision for Powder Mountain is already underway, with several improvements scheduled for the upcoming winter season. These enhancements include opening access to 500 acres of challenging backcountry terrain, called DMI (Don't Mention It), reachable only through guided experiences. Additionally, there will be a new network of cross-country skiing and snowshoeing trails, a warming hut, and an activity centre known as the Launch Pad Yurt offering various winter activities. Moonbike tours on electric snow bikes will also be introduced.
About the author
Michael Fulton
Melbourne-based skier and snowboarder with 50+ resorts across 5 continents. Specialises in Australian resorts and international resort comparisons.
