The owners of the Arizona Snowbowl ski resort in Flagstaff have agreed to sell to a Durango, Colo. businessman.
The announcement was made today that James Coleman will purchase the Snowbowl. And the business plan of the resort will be the continued use of reclaimed wastewater for snowmaking with the goal of extending the ski season.
The Snowbowl ownership said that the resort was not for sale when Coleman approached them to sell in February. By April, the two parties were in serious discussions. The deal is slated to finalize the first week of November, and the amount of the sale was not disclosed.
Additionally, as reported in the Durango Herald today, Coleman also made arrangements to purchase Durango Mountain Resort, which is commonly known as Purgatory. Coleman also owns Sipapu Ski and Summer Resort south of Taos, N.M., and has an ownership interest in Pajarito Mountain Ski Area in Los Alamos, N.M.
Coleman said today while at Snowbowl that snowmaking will continue to be the business plan for the resort to extend the ski season, which he has also done at Sipapu.
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Season pass holders to Arizona Snowbowl are in line to receive extended benefits that apply to all the resorts owned by Coleman. The details of how those extended benefits will apply are still being worked out.
More details as they become available.