Whistler Blackcomb Sold To Vail Resorts
It’s being reported that Colorado-based Vail Resorts Inc., has purchased Whistler Blackcomb. If you are lucky enough to have Whistler shares it’s been a good day for you; the stock jumped over 40 percent on the TSX, rising $10.80 to $35.94.
— VailResorts (@VailResorts) August 8, 2016
In April Whistler announced major re-development and expansion plans aimed in part to make the resort less vulnerable to poor winter conditions brought about by climate change. The three-phase $345 million project remains subject to approval by government and other interest groups, including the local First Nations.
The sale has apparently been approved by the boards of directors of both companies.
Vail owns resorts in Colorado, Utah, California, Wisconsin and Australia.
Commentary on Teton Gravity Research’s Facebook page media did not welcome this transaction.
What this means for mountain biking remains to be seen, but hopefully the best bike park in the world will continue to develop as it always has, without ticket prices going ballistic.
How is that landing for you?