Alterra Mountain Company has signed a contract to purchase Arapahoe Basin. The closing of the deal is expected to occur later this year. Until the closing, all of us at The Basin still work for Dream and our primary objective is to deliver the same incredible A-Basin experiences that you have come to expect. Alterra has asked me to continue in my role at The Basin and I have said yes. There will be no change to Ikon Pass access at A-Basin for 2023-24 season.
Since its
founding in 1946, Arapahoe Basin has experienced dramatic changes. Founded by
Colorado Ski Hall of Famer Larry Jump, The Basin is one of the state’s original
and most dramatic ski resorts. In 1972 Larry sold the place to the area’s
General Manager, Joe Jankowsky. Six years later, Joe sold The Basin to a very
unlikely owner, Ralston Purina. Completing a near scrape off, the dog food
giant began shaping the modern Arapahoe Basin. In 1997, after being spun out of
what became today’s Vail Resorts, The Basin was purchased by another unlikely
owner, Toronto developer Dundee Realty, later known as Dream. Through steady
investment (snowmaking, all new lifts, buildings, parking lots, etc.) and closely paying attention to what guests
say and want, Dream fostered the environment and place we all know and love
today. I don’t think another company could have created what Dream did.
After 27
years (the longest ownership of The Basin) and a tremendous amount of work and
success, Dream has decided it is time to sell and Alterra is ready to buy. I am
so thankful for all that my boss Michael Cooper and Dream have done. It has been a wild and fun 27 years, but it is time
for the next step. Through the Ikon Pass, Alterra has created a partnership of
the greatest resorts in the world. They know and understand The Basin and are
enamored by its culture and vibe. I think they are the best team to help us
through our next phase of growth and maturation.
Despite
missing my friends at Dream, I think this is a good time for change. There will
be hundreds, if not thousands, of questions to be answered. We will not know
most of these answers until the closing occurs. It will take patience for all of
us to get through the awkward and uncertain months between contract signing and
closing. I want all of you to know that my commitment to running the best
mountain in the business, focused on our unique guest experience and our
passionate and dedicated employees, will be greater than ever.
