Keystone Colorado's New Gondola And Investment Opportunities

Keystone Colorado's new Gondola

Construction is under way for the new Keystone gondola.  The new gondola base will be moved into River Run village and will be over 100 yards closer to all of the condos and the parking and shuttle bus stops in River Run and make many of the buildings virtually ski-in ski-out! (Springs, Red Hawk and Black Bear in particular)  It will also have a mid-station for boarding and un-boarding about 25% of the way up.  It is currently on schedule and will be ready for the 2008 / 2009 ski and snowboard season.

  New gondola features: 

•·         More than 100 yards closer to River Run Village and the parking lots.

•·         Great views from floor to ceiling windows.

•·         Level walk-in for easy access and easier loading for wheelchairs, strollers and mountain bikes.

•·         Skis and snowboards carried inside cabin.

•·         Midway terminal for loading and unloading in both directions to be used as a mid-mountain lift or downloading at the end of the day.

•·         2,400 passengers per hour capacity.

•·         8 passengers.

•·         Length: 9,586 ft.

•·         Vertical Rise: 2,307 ft

•·         Trip Time: 11.78 minutes

The most likely Keystone Resort properties to see an immediate impact and gain from the new gondola placement are obviously The Springs and Red Hawk Lodge.  If you already own in either of these buildings this could continue to be a great investment opportunity and we recommend keeping your properties in these developments.  Other buildings that will be affected are, Black Bear Lodge and Jack Pine Lodge.  The move has the potential to increase property values in these 2 developments due to these properties garnering the greatest benefit to the gondola new location. River Run also looks to benefit greatly from the gondola's new location.

There is also potential for Vail Resorts to install a surface lift to the Lakeside Village in Keystone, and there may be an investment opportunity near Keystone Lake.  Since preliminary plans have already been submitted to Summit County for a remodel of the Mountain House area, it is likely that the Mountain House project would take precedence, but the possibility of connecting River Run and The Keystone Lakeside Village cannot be ignored even if it is included as possible long range plan.

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