Answer: Millions and Millions
Question: How much money does it take to upgrade a ski resort?
The Industry Report says that Boyne Resorts will spend $14.5 million in upgrades at Sunday River and Sugarloaf USA will get $5 million in new snowmaking equipment. The company has already put a couple million dollars (at least) into Loon Mountain. The Michigan-based company purchased the right to operate (and in some cases, own) each of the New England properties last year.
Why do lift tickets cost so much? It takes a lot of money to run a ski operation.
The Industry Report says that Boyne Resorts will spend $14.5 million in upgrades at Sunday River and Sugarloaf USA will get $5 million in new snowmaking equipment. The company has already put a couple million dollars (at least) into Loon Mountain. The Michigan-based company purchased the right to operate (and in some cases, own) each of the New England properties last year.
Why do lift tickets cost so much? It takes a lot of money to run a ski operation.
Labels: economics of winter sports
posted at 5:10 AM
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