Home prices near ski areas are getting 'a good boost' thanks to a number of planned expansions at resorts across the U.S.
Upgraded ski lifts, increased snow-making and new real-estate developments may be a big draw for mountain home buyers, but not everybody is happy about the growthMary Bourke and Michael Margolis weren’t even thinking of buying a ski house.
Saddleback had reopened its ski operations in December 2020 after an almost five-year closure. Since then, the new owner, Arctaris Impact Investors, LLC, has invested more than $30 million to revamp the base lodge, build a mid-mountain lodge, add chairlifts and improve snow-making. It is now embarking on a variety of real-estate developments, including the A-frame village, and it plans to build a new hotel, says Jonathan Tower, the company’s co-founder and managing partner.
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