Steamboat ski area to invest $16 million
Joanne Kelley, Rocky Mountain News
Published May 1, 2007 at midnight
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Steamboat Springs Ski Resort will get more than $16 million in capital improvements for the 2007-2008 ski season, the resort announced Tuesday.
The investment marks a record for the ski area, which was purchased in March by Intrawest for $239 million. Its previous owner, debt-saddled American Skiing Co. had limited money to upgrade Steamboat.
Capital investments this summer will go toward installing a new Christie Peak Express high-speed, six-passenger chairlift, a major regrading of the area's Headwall slope and other improvements.
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