Ragged Mountain Details Expansion With New Funding
The most intriguing piece of the “greenlighted” Ragged Mountain expansion will be access to Pinnacle Peak, the ski area’s third mountain. That means adding more than 30 percent to the skiable terrain.
Ragged Mountain is located in Danbury, N.H., 90 miles from Boston, Mass., and 30 miles from Concord, N.H. The ski area was designated as an approved Capital Investment Project under the new Hampshire EB-5 Regional Center. That program was designed to encourage foreign investment in the U.S., specifically to spur job creation.
The first phase of the Ragged expansion is pegged at raising $35 million to “renovate, expand, and expand the resort into a premier year-round destination.” It is expected to generate a minimum of 700 direct and indirect New Hampshire-based jobs.
Ragged staff has already begun cutting trails on Pinnacle Peak. Some of the other important first projects include significant snowmaking upgrades, replacing the Spear Mountain Lift with a new high-speed detachable, renovated base facilities, hotel accommodations, slopeside housing, a tubing operation and summer amenities such as a mountain coaster, ziplines, and mountain biking.
Ragged President Bob Austin says he is “very excited about the future plans for Ragged Mountain and getting more improvements underway for next season and the coming years." Season passes for next season are on sale now, starting at $389.
What It Means: The EB-5 funding program, where foreign nationals who invest in approved U.S. projects get green cards for themselves and their families, worked like a charm at Vermont’s Jay Peak. That bodes well for the four-seasons future of this once-quiet ski area.