Thereâ€™s good news in Vermontâ€™s ski industry, and then thereâ€™s the weather.
The good news is that Vermontâ€™s 18 ski resorts invested more than $25 million in upgrades and new facilities in 2006, and another $150 million was invested in real estate projects and recreational amenities. That substantial investment, however, runs headlong into another bit of news: November 2006 was one of the warmest on record and tied the record for having the least amount of snowfall.
Such enormous investments and such fickle weather remind ski diehards that ski resorts in Vermont, much like the farming community, ride a fine edge on the profitability slope. The ski industry, in fact, has much in common with Vermontâ€™s farm community. An area ski area resort president even noted that ski resorts could be viewed as â€œsnow farmers.â€?