BROOMFIELD, Colo. (AP) -- Vail Resorts Inc. has completed the purchase of Kirkwood Mountain Resort at Lake Tahoe, Calif., and some undeveloped sites near the ski resort for about $18 million.
Vail Resorts, which runs ski resorts, luxury hotels and condominiums, said Thursday that the undeveloped sites are at the center of the base area and zoned for residential and commercial development.
Kirkwood will keep a participation stake in the base area land parcels and continue to own the rest of the real estate development sites.
The acquisition will strengthen Vail's presence in Lake Tahoe, as it already operates the Heavenly Mountain Resort in South Lake Tahoe and Northstar California on the north shore.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.