American Skiing Company’s $1.5B High-Tech Remake

The transcript discusses the $1.5 billion redevelopment of The Balsams resort, focusing on new luxury condos and the largest ski area in the northeast. Developer Les Otten highlights the use of advanced snowmaking technology to enhance the skiing experience, aiming to match the quality of skiing in the West. The project is expected to be cash flow positive early on, with long-term growth potential. Modern technology enables a variety of activities at the resort, similar to a Disney experience, offering diverse options for families.

What is the primary focus of the $1.5 billion remake of The Balsams resort?

• Establishing a new golf course

• Creating a wildlife sanctuary

• Developing new luxury condos and a large ski area

• Building a new amusement park

How does the new snowmaking technology at The Balsams differ from traditional methods?

• It requires no electricity

• It uses less water

• It combines art and science for better snow quality

• It is cheaper to operate

What is the goal of the skiing experience at The Balsams?

• To make it as good as skiing out West

• To have the most snow in the region

• To provide the fastest ski lifts

• To offer the cheapest skiing experience

What is the expected financial outcome for The Balsams in the short term?

• Immediate cash flow positivity

• Significant losses

• Dependence on government subsidies

• Break-even point

What is the vision for The Balsams resort in terms of activities offered?

• Exclusive golf and tennis facilities

• A variety of activities similar to a Disney hotel

• A focus solely on skiing

• Only winter sports