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Originally Posted by Geoff  Based on skier visits and revenues, Stowe can't be worth $50 million. |
What percentage of Stowe's income comes from skier visits? With the new development at Spruce, they'll now be taking in $$$ from real estate sales, as well as lodging and meals in the new Spruce Lodge. There's also the new golf course.
I know that ski areas have been going for bargain prices in the last couple of years. $83 million for Killington, $73.5 million for Mount Snow + Attitash. But AIG must have spent hundreds of millions over the past few years on new lifts, trails, snowmaking, and construction. It's hard to imagine that the resort isn't now worth a lot more than $50 million.