- US Forest Service upholds its approval for 543-acre terrain enhancement at Breckenridge Ski Resort
- Peak 6 terrain represents a 23% increase in resort’s skiable acres
- Peak 6 to open for skiing and riding for the 2013-2014 ski season
BROOMFIELD, Colo. — Dec. 18, 2012 —Vail Resorts, Inc. (NYSE: MTN) announced today that it will start planning and construction of 543 acres of new terrain in the Peak 6 area of Breckenridge Ski Resort. Peak 6 will include 400 acres of lift-served terrain and 143 acres of hike-to terrain. The Company expects to open the new terrain for the 2013-2014 ski season, including adding a new high-speed, six-person chairlift and a new fixed-grip chairlift to access the Peak 6 area.
The U.S. Forest Service approved the project in August of this year in the form of a Record of Decision after completing a Final Environmental Impact Statement, a process which began with project scoping in 2007. The decision was appealed, but after further review the Forest Service is upholding its approval.
“We are incredibly excited to move forward with planning the construction of the Peak 6 terrain this summer and to bring to fruition a 23-percent increase in Breckenridge’s skiable acres for our guests,” said Rob Katz, chairman and CEO of Vail Resorts. “The expanded terrain will help significantly spread out the large crowds we see today and alleviate long lift lines. Further, our guests will be able to explore and enjoy an entirely new experience of high alpine bowl skiing and riding at Peak 6.”
Peak 6, located within Breckenridge Resort’s special use permit boundary, is the first ski terrain expansion on U.S. Forest Service land in Colorado since 2008 and the first at Breckenridge since the Peak 7 expansion in 2002.
About Breckenridge Ski Resort
With four huge peaks, 2,358 acres, five terrain parks, two halfpipes, eight bowls, the highest chairlift in North America, family-friendly terrain, and a world-class ski school, all situated above an authentic, hip mountain town with awe-inspiring views, there are good reasons why “Breck” is one of the most popular ski resorts in the Western Hemisphere. Renowned for the welcoming spirit and friendly character of their locals, with over 200 restaurants, bars, and shops, and numerous year-round activities and events, Breck embodies more than just a destination, inspiring a way of life. www.breckenridge.com.
About Vail Resorts
Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort operator in the United States. The Company's subsidiaries operate the mountain resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado, and Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyoming. The Company's subsidiary, RockResorts, a luxury resort hotel company, manages casually elegant properties. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.comand consumer website is www.snow.com.
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