Just days after Vail Resorts' plan to create America's largest ski area received approval, the ski company has dropped another bombshell: the purchase of Australia's Perisher Ski Resort for AU$176.6 million (about $US136 million).
BROOMFIELD, CO — Vail Resorts has rolled out a plan to eliminate all terrain parks from its resorts for the 2015/2016 season. Citing the declining interest in snowboarding, the aging population of snow sports participants as a whole and the increased danger posed by popular obstacles such as rails and wallrides, chairman and chief executive officer of Vail Resorts Rob Katz said that terrain parks are no longer in the best business pratices for Vail resorts, which aims to keep its stock holders happy in these trying times.
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