Deer Valley adds 3700 acres of Ski Terrain

Alterra-owned Deer Valley has partnered with Extell Development Company to operate the planned skiable terrain that was part of Extell’s adjacent Mayflower Mountain Resort project, adding 3,700 acres of terrain that will connect to Deer Valley’s existing network of trails, nearly tripling the skiable area to a total of 5,726 acres of ski-only terrain. Terrain Expansion

“Deer Valley has entered into a long-term partnership agreement with Extell to operate all mountain functions in the new terrain expansion,” said Alterra spokesperson Amelie Bruzat. “The new terrain will fully integrate into Deer Valley’s trail map and mountain operations, including snow grooming, ski patrol, ski school, rentals, retail, and food & beverage facilities. Extell will continue to manage and develop the real estate and hotel projects.”

In addition to the new terrain, Extell is developing a resort village that will be accessed by a new portal off of U.S. route 40. It will include construction of more than 800 hotel rooms across multiple properties, nearly 1,700 residential units, and 250,000 square feet of retail and commercial space. It will also include 1,200 new parking spots and a new skier services facility offering additional ski school, equipment rentals, retail, and food and beverage amenities for Deer Valley guests.

The development is expected to create approximately 2,000 new job opportunities.

The additional terrain will be spread over roughly 130 trails served by 17 new lifts including a 10-person gondola. According to Alterra, the complete project will unfold over the next three seasons, with a significant portion of the new lifts and trails set to open as early as the 2025-26 winter season. It’s the first terrain expansion at Deer Valley since 2007-08, when 200 acres were added on Lady Morgan Mountain.

The Mayflower base area—which will now be Deer Valley branded, according to Bruzat—is currently under construction after decades of planning. Mayflower has been called a “military-focused ski resort” by local Park City news outlet KPCW due in large part to developers working in conjunction with Utah’s Military Installation Development Authority (MIDA), which promotes development of underutilized military land in the state. MIDA acts as the municipality in a project area, and as the economic development authority both in distributing legislative appropriations and issuing bonds, according to the MIDA website. Project areas must contain some, but not all, military land.

Snow Park BaseMIDA has issued multiple bonds totaling more than $250 million to help fund the construction of Mayflower Mountain Resort, with a bulk of the funds going toward a 387-room hotel and conference center in the resort village—aka a morale, welfare and recreation (MWR) hotel for military—in partnership with Wasatch County, the Air Force, and EX Utah Development LLC (a division of Extell). The hotel is to include a block of 100 rooms that will be available on a preferred rate basis for U.S. service men and women, whether on active duty or retired.

For more on the expansion and partnership, go here

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Source: SAM