Benzinga | Sep 23, 2021 04:13PM EDT

Vail Resorts Announces $320M Capital Plan With 19 New Chairlifts Across 14 Resorts

Vail Resorts, Inc. (NYSE:MTN) today announced an unprecedented number of on-mountain projects planned for the 2022-23 North American ski and ride season in what will be the Company's largest single-year investment into the guest experience. The sweeping set of 19 new chairlifts, including 12 high-speed lifts, a new 8-person high-speed gondola and 6 new fixed-grip lifts, is part of Vail Resorts' $315 million to $325 million capital investment plan for 2022 which is designed to materially reduce wait times, increase uphill capacity and create more lift-served terrain. The projects outlined below span 14 resorts coast-to-coast including Whistler Blackcomb, Vail Mountain, Park City Mountain, Keystone Resort, Breckenridge Ski Resort, Stowe Mountain Resort, Mount Snow and more. Additional projects within the CY22 plan will be announced in December 2021 and March 2022.