California’s storied ski resort is sold

Monday, 06 Oct, 2005 0

Mammoth Ski Resort announced plans to sell the 4,000-acre property to Starwood Capital Group.

The area about 300 miles north of Los Angeles has been drawing about 1.4 million people a year.

The resort’s founder, Dave McCoy, started the resort in the late 1930s when he charged 50 cents for the mountain’s first rope tow.

There were only a half dozen people living in the area when he bought his first snowplow to allow year-round access.

Most visitors now come for what is viewed as the best skiing in Southern California.

Intrawest Corporation was the seller.

Report by David Wilkening



 

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