Company’s plans include new gladed terrain and ski trails, high-speed lift and 500-seat restaurant on mountain and new retail shops and signature restaurant in the Village.
Vail Resorts, Inc., Broomfield, Colo., announced its plans to spend $30 million on major capital improvement projects at its newest mountain resort property, Northstar-at-Tahoe Resort near Lake Tahoe, Calif. Plans include the installation of a new high-speed chairlift that will service expanded gladed terrain and additional ski trails, increasing the skiable terrain by 10 percent, construction of a new 500-seat on-mountain restaurant, and new national retail outlets and a signature restaurant in the Village at Northstar.
Construction of the proposed capital improvement projects will commence this spring and summer, with completion expected prior to the start of the 2011-2012 winter season. All of the proposed capital projects are subject to the appropriate regulatory approvals.
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