Netflix Billionaire Buys North America’s Largest Ski Resort
The latest news in the ski world is the marriage of a 21st-century tech billionaire and a troubled ski mountain. In one fell swoop, Reed Hastings, the co-founder of Netflix, has made a $100 million investment in Powder Mountain, Utah, the country’s largest resort. Hastings, who stepped down as CEO of Netflix in January and became a minority owner of Powder Mountain in April, ascended to majority owner of the resort with this investment on September 6.
Powder Mountain is the largest ski resort in North America by skiable acres. Located above Northern Utah’s Ogden Valley, the resort extends over 8,464 acres. It has 54 trails, nine lifts, and two terrain parks. It also has cat skiing options that extend the range of terrain possibilities. It receives upwards of 500 inches of legendary Utah powder in good snow years. It also lies about an hour north of Salt Lake City International Airport, not in a remote wilderness area. Powder Mountain’s skier policies have also elevated it in the skiing world. It’s the rare resort that has the unusual and welcome policy of capping day passes and season pass sales to provide an uncrowded ski experience.
Posted from Forbes.
