Vail Resorts announces record capital plan for 2013
Vail Resorts, today announced its calendar 2013 capital expenditure plan. The Company’s 2013 capital plan features a high-impact new lift, significant terrain expansion, a brand new restaurant and the fourth generation of EpicMix, in addition to $25 million in spending for the primary phase of its new summer operations and nearly $10 million in upgrades for every of the recently acquired Afton Alps and Mt. Brighton, leading to the most important choice of planned improvements inside the Company’s history. The corporate currently anticipates it is going to spend approximately $130 million to $140 million in resort capital expenditures in calendar year 2013, including approximately $47 million to $52 million in maintenance capital, that’s essential to maintain the looks and level of service appropriate to resort operations, including routine replacement of...
Read More …
Read More …