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Vail Resorts corporate highlights

Daily Staff Report

Feb. 28 Vail Resorts hires Robert Katz as its new chief executive officer and announces it is moving its corporate offices to Denver.January 2006 Chief Executive Adam Aron announces he will resign after 10 years with the company.December, 2005 Vail Resorts stock peaks at $38.89 per share. The stock was trading at $33 per share at the end of trading on Feb. 28September 2005, Vail Resorts sells The Lodge at Rancho Mirage in Palm Springs, Calif., but retains the management of the hotel through RockResorts.May, 2005 Vail Resorts purchases total ownership of Snake River Lodge & Spa in Jackson Hole, Wyo., making it the sole owner of the property. It sells it in Jan. 06 but retains management through RockResorts.May, 2005 RockResorts takes over management of the 56-room Lodge & Spa at Cordillera.May, 2005 Work begins on the Arrabelle at Vail Square project in Lionshead. The condominium-hotel-retail project is expected to be finished in 2007.

Summer, 2004 Rumors of Vail Resorts impending sale circulate in the valley and along Wall Street. Nothing happens.April, 2004 Lionshead redevelopment begins with replacement of the 30 year old skiers bridge which carries guests from the mountain to the LionsHead yard.December, 2003 The Travel Channel picks Vail as its best ski resort in North America.September , 2003 SKI Magazine readers ranks Vail as the No. 1 ski resort in North America for the 12th time since the ratings began in 1988.Apr, 2003 Vail Resorts exceeds 1.6 million skier visits for the fourth time in its 40 year history.December, 2002 The Vail Marriott Mountain Resort & Spa completes a $30 million renovation.December, 2002 Vail celebrates its 40th anniversary. A Founders Cabin on the Eagle Bahn Gondola was dedicated to Vails Pioneers and a Native American snowdance was performed, which produced terrific.June, 2002 Vail is the most visited ski resort in the U.S. with more than 1.5 million visits, followed by the second most visited resort, Breckenridge, with over 1.4 million visits.July, 2001 Vail Resorts acquires the largest hotel in the Vail Valley, the Vail Marriott Mountain Resort, located at the Lionshead portal to Vail Mountain.Dec, 2000 Vail opens the next phase of Blue Sky Basin with the addition of Petes Bowl. This expansion includes an additional 125 acres and another new high-speed quad.October, 2000 Vail regains the top spot as the #1 ski resort in North America, as rated by SKI Magazine.January, 2000 The Category III expansion, now named Blue Sky Basin, opens. The expansion includes three new high-speed quad chairlifts and adds an extra 525 acres to Vail Mountain.November, 1999 Newly reconstructed Patrol Headquarters and Two Elk re-open.July, 1999 Work begins on Category III, the third phase of Vails master plan.February, 1999 World Alpine Ski Championships are held at Vail and Beaver Creek.October, 1998 Arson fires destroy Two Elk restaurant, Patrol Headquarters and Camp One, and damage lift operator buildings at the tops of Chairs 4, 5, 11,14. The fires caused more than $12 million in damage. No arrests were made.September, 1997 Vail Resorts purchases The Lodge at Vail and two acres of adjacent undeveloped land at the base of Vail Mountain for $23 million.January, 1997 Vail Associates changes its name to Vail Resorts, Inc. A merger with Keystone and Breckenridge is approved. The original Lionshead Gondola is replaced with the EagleBahn Gondola.March, 1995 Vail and Beaver Creek are named host sites for 1999 World Alpine Ski Championships, the only North American venues to twice host the event.May, 1992 Apollo Partners buys Vail Associates.Dec, 1989 The World Alpine Ski Championships are held at Vail.Dec, 1988 China Bowl opens.Aug, 1985 George Gillett purchases Vail Associates. The Vista Bahn and three other high-speed quads are installed.September, 1977 Colorado Ski Museum and Sports Hall of Fame opens.October, 1973 Vail Associates establishes free in-town bus system in Vail, the precurser to what would become the largest free in-town bus system in the country.December, 1969 The Lionshead base area, the Lionshead Gondola and Game Creek Bowl open. A full day lift ticket costs $8 and construction of I-70 through the valley begins.December, 1968 First snowmaking systems installed. Vail hit the 1 million skier days mark.December, 1967 Golden Peak opens.January, 1966 Town of Vail is created from what was a base area.May, 1965 Two landmarks, the Clock Tower and the Covered Bridge, are built.December, 1962 Vail Mountain opens for skiing with two chairlifts, one gondola and a $5 lift ticket. During the inaugural 1962-63 season, the mountain recorded 55,000 skiers.January, 1962 Work begins on the first ski runs on Vail Mountain.January, 1961 The U.S. Forest Service issues final approvals and permits to begin building the ski area.March, 1957 Pete Seibert and Earl Eaton, founders of Vail, climb the future Vail Mountain and realized the potential for a world-class ski area.September, 1942 Camp Hale is established at Pando, 20 miles south of Vail for training the 10th Mountain Division ski troopers during World War II. Pete Seibert sees Colorados mountains for the first time and meets Eagle County native Earl Eaton.September, 1939 Black Gore Pass is paved and renamed Vail Pass in honor of Charles Vail, chief engineer for the Colorado Highway Department.June, 1879 A severe drought leads to forest fires in the area, clearing what would become Vail Mountains Back Bowls.September, 1854 Sir St. George (Lord) Gore, after whom the Gore Range is named, comes to Colorado on a hunting expedition.July, 1845 John C. Fremont leads an expedition over Tennessee Pass, down the Eagle River and camps at Williams Fishery, which would become Edwards.Vail Colorado


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