The dramatic decrease in season pass pricing is expected to increase skier visits.
Friday, June 9, 2017, NewEnglandSkiIndustry.com
Nearly 100 days after announcing a pending deal, Vail completed its acquisition of Stowe from Mt. Mansfield Company, Inc. and American International Group, Inc. Initially billed as a $50 million transaction, the deal was finalized at $41 million after adjustments for favorable 2016-17 ski season earnings.
By adding the area to its Epic Pass, Vail is cutting dramatically reducing the cost of Stowe's season pass, while increasing the overall passholder base. As a result, shortly after the initial deal, Mt. Mansfield Company, Inc. proceeded with multiple Vermont Act 250 filings.
One such filing is a request to waive the 4,040 space limit on parking imposed by the state. According to Stowe's filing, 2009 changes in regulation resulted in air pollution emission calculations no longer including parking spaces. As a result, Stowe is requesting the limit be removed.
A completed filing involved the subdivision of Mt. Mansfield Company lands around the Toll House base. It is not known what may follow, but there have been rumors involving the desire for additional base facilities and parking.
A third filing involves a $500,000 parking project adjacent to the Midway lodge. If approved, Stowe will construct a 140 space parking lot between the Midway lodge and gondola base terminal on an existing ski slope.