Investment in New Hampshire’s Ragged Mountain Resort

NEW HAMPSHIRE’S RAGGED MOUNTAIN RESORT INVESTS ADDITIONAL $1 MILLION INTO SNOWMAKING AND RESORT IMPROVEMENTS FOR 2012-13

Danbury, NH (August 16, 2012): New Hampshire’s Ragged Mountain Resort recently announced over $1 million in resort improvements for the upcoming winter season.  Most notably, the Exhibition trail, under New Hampshire’s only high-speed, six-person lift, becomes the second top-to-bottom trail at the Resort with fully computerized automated snowmaking.  50 of 100 new low-energy/high-efficiency snow guns will be placed on Exhibition, with the rest used to bury other trails and resurface high-traffic areas around the mountain.  There will also be five new fan guns, plus a new pump that will push 25% more water on both Ragged and Spear peaks.

“What this means for our guests is that we will be able to make more snow earlier in the season, using 50% less energy, with a goal of opening both peaks as early in December as possible,” said Bob Ashton, President of Ragged Mountain Resort. “Over the past two seasons, we’ve invested more than $2 million into snowmaking upgrades.  As we begin our future expansion and development, we understand how important a state-of-the-art snowmaking and lift system is for our customers and our success.”

Season passes are currently on sale, with prices starting at $419.  Benefits for those who purchase an ANYDAY PASS by October 8 include:

• Four (4) Friends and Family Vouchers ($39 midweek/$49 weekends & holidays)

• Two (2) Free Learn to Ski/Ride Vouchers (Good Sunday-Friday, ages 13 and over. Not valid for Kids Programs) 

• 10% off Learning Center

• $5 Binding Checks

• One complimentary Demo from our Rental Shop

• 10% off in Sport Thoma Retail Shop

• 8:00 AM Load on the Six Pack (weekends and holidays)

• $20 Flamingo Bucks to current Season Passholders who sign up a friend. (Restrictions apply)

Opening day is scheduled for Saturday, November 24.  For up-to-date news, conditions, pricing and events, go to http://www.raggedmountainresort.com or call 1-877-467-5476.

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ABOUT RAGGED MOUNTAIN RESORT

Located in Danbury, New Hampshire just 90 minutes from Boston, Ragged Mountain Resort is a ski and golf resort on 2,100 acres in the Dartmouth-Lake Sunapee Region.  Ragged Mountain has 50 ski trails, 18 holes of golf, miles of hiking trails on-site, and extensive plans for further expansion.

Ragged Mountain was purchased in 2007 by Salt Lake City based developer, Pacific Group who has extensive experience with mountain resort development in places such as Whistler in British Columbia, Mammoth Mountain and Squaw Valley in California, Copper Mountain in Colorado, and Solitude Resort in Utah.  Since the initial purchase of Ragged Mountain, Pacific Group has made substantial investments in improvements, infrastructure, and expansion, with the ultimate goal of developing a year round resort with residential properties, plus overnight accommodations for skiers and summer visitors.

As part of the ongoing development efforts, last October, Ragged Mountain Resort was designated as an approved Capital Investment Project under the New Hampshire EB-5 Regional Center. The EB-5 program is designed to facilitate capital investment in projects like Ragged Mountain Resort that can create or save jobs in the U.S.

 

For further information on Ragged Mountain, please visit www.raggedmountainresort.com.  For information on Pacific Group, please visit www.pgc.us.