Colorado Ski Areas Still Growing

Despite slow economy, ski areas building quickly, a story from 9news.com, reports that as some small businesses see themselves in a more cautious bear market, the bigger ski areas are feeling a little more bullish. Marketing director for Vail Resorts Development, Christine Berwyn, said ski areas like Breckenridge are busy with construction projects, thanks to positive fourth quarter earnings. That includes two new lodges at Peak 7, where 45 condos ranging from $600,000 to $2.5 million have sold out. Down the road at Peak 8, the ski area is also working on base area renovations that include a new Rock Resort Lodge that’s 50% sold out and won’t be finished for a year. Breckenridge is not the only ski area that is building going into the 2008-2009 ski season, other resorts like Arapahoe Basin, Winter Park, Steamboat Springs, Snowmass and Vail are all conducting base area village renovations. Berwyn said, “We’re continuing to invest in all of Peak 7 and 8. We feel confident about the winter season ahead of us and we know we’re going to get a great snow season.”http://www.9news.com/money/article.aspx?storyid=100901&catid=344