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 advancements in technology does the developer mention that were not available 20 years ago?

Describe the vision for the resort in terms of activities available for families.