Waterville Valley Resort Secured Funding For Phase II of $7.5M Capital Improvements Plan

Waterville Valley Resort Secured Funding For Phase II of $7.5M Capital Improvements Plan

Skiing

Waterville Valley Resort Secured Funding For Phase II of $7.5M Capital Improvements Plan

Great news for all you New Hampshire skiers and snowboarders….Waterville just announced it has secured the funding to begin work on the second phase of its $7.5 million capital improvements plan.

Boston.com reports the additional funds will go towards trail clearing, installation of a new snowmaking system, multiple lift enhancements, base lodge renovations, a new beginner areas experience, and Nordic trail system improvements.

Upon completion the Green Peak Expansion project will add 10 new trails over 45 acres for skiers and snowboarders of all levels.

HERE IS THE OFFICIAL PRESS RELEASE FROM WATERVILLE:

Waterville Valley Resort, June 14, 2017—Waterville Valley Resort announced that it has secured funding to begin work on Phase II of its $7.5 million capital improvements plan that began with the Green Peak Expansion in Fall 2016. Phase II of this capital investment program will bring multi-year infrastructure upgrades and improvements throughout the resort.

“This is the second step in the most exciting revitalization of Waterville Valley Resort in over 30 years.  We are proud to be the only mountain on the East Coast pursuing a renovation of this magnitude” says John H. Sununu, Waterville Valley Resort CEO and Chairman.

The Green Peak Expansion project added a second peak and 45 additional acres of terrain in 2016/17. Phase II of development will include new projects throughout the resort, as well as the completion of the Green Peak Expansion. Work will include additional Green Peak trail clearing and installation of a new snowmaking system, upgrades to existing snowmaking infrastructure on Mount Tecumseh, multiple lift enhancements, base lodge renovations, a new beginner area experience, nordic trail system improvements, and additional summer offerings.

 “It is very exciting to be progressing to the next level of development of Waterville Valley Resort and bring to life the vision of our ownership, fellow employees, and guests,” said Tim Smith, President and General Manager. “Financing from The Provident Bank is allowing us to look to the future and continue our evolution, on and off the slopes.”

In anticipation of the major enhancements set to debut throughout the 2017/18 Season, a 10-day Seasonal Pass Flash Sale ending on Friday, June 23rd will offer the lowest pricing of the year on seasonal products for one last time.  Waterville Valley Resort is expected to release further details of the multi-year project as progress continues.

[images from www.waterville.com]

 

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