Aspen Skiing Co.’s Kaplan Assesses Coronavirus Hit to Skico and Valley
Aspen Skiing Co. plans to proceed with multiple capital improvement projects this summer despite losing a significant chunk of revenue due to the coronavirus crisis.
Skico President and CEO Mike Kaplan said in an interview Wednesday the replacement of the Big Burn chairlift at Snowmass, construction of a workforce housing project at Willits Town Center in Basalt and reroofing of the Sundeck on Aspen Mountain remain on the to-do list.
Those projects could infuse the middle and upper valley with much-needed capital at a time of economic uncertainty. The Big Burn replacement is estimated at $10.8 million, according to Skico’s Jeff Hanle, vice president of communication. The U.S. Forest Service granted approval in December to construct a six-passenger, high-speed chairlift. The current Big Burn chair was among Skico’s first generation of high-speed detachable lifts. After 33 years, it has reached its “operational lifetime,” the Forest Service determined.