Yes, it's a Sun Kid with platter/handles and they've been working on it for 2 seasons. Complete waste of money.
It seems to be a better option than the other T Bar they added a few years back. Mainly because of the terrain it will service. You could still setup a short race course off the new lift if/when the double goes down
That said, I think you're right in that it's probably not a great use of funds when snowmaking and saving for the eventual double replacement should be the top priorities. I think it's bananas they're talking $3-4M to replace the double. How much is Pat's spending on the Hurricane replacement? It can't be that much