Comment 130493

By Crispy (registered) | Posted January 15, 2020 at 12:00:06 in reply to Comment 130482

About a year ago Vail Resorts spent AU$174M to purchase 2 ski resorts in Australia. This year: BROOMFIELD, Colo.—Dec. 9, 2019— Today, Vail Resorts, Inc. (NYSE: MTN) announced a series of major capital improvements across its resorts that are designed to make getting on and around its mountains faster and easier through terrain expansions, new lifts and expanded restaurant experiences.

The new projects are part of the company’s calendar year 2020 capital plan of approximately $210 million to $215 million to enhance the guest experience and scale the company’s growing business. This investment builds on the approximately $190 million to $195 million that Vail Resorts is planning to spend on capital improvement projects in calendar year 2019.

Why would they invest hundreds of millions of dollars if the climate is becoming progressively hotter and drier?

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