Steamboat Ski & Resort Corp. retreats on 20-year funding pledge for Regional Transportation Authority

Steamboat Ski & Resort Corp. retreats on 20-year funding pledge for Regional Transportation Authority

With an early-September deadline looming to finalize a ballot question proposing the formation of a Regional Transportation Authority, Steamboat Ski & Resort Corp. has backed away from a pledge to commit $1 million annually for the next 20 years to help fund it. Although not ruling out a longer-term commitment, Ski Corp. is now committing to only a one-time, $1 million contribution to the RTA — an unexpected change that could potentially fractur…

Steamboat could still pursue lift tax after Resort ‘abruptly reneged’ on RTA funding pledge

Steamboat Ski & Resort Corp. is offering $1 million for next year with the intention of negotiating a 20-year deal in good faith with the future RTA board.Steamboat Ski & Resort Corp.’s unwillingness to commit $1 million a year for 20 years to a Yampa Valley Regional Transportation Authority has become an eleventh-hour hurdle in the RTA formation process and may even imperil the city of Steamboat Springs' recently approved lift tax deal with the…