Vermont has become the latest hunting ground in a competition between two giant Colorado companies that are buying up ski resorts and upending the industry's economics.
Vail Resorts, a publicly traded company valued at $11 billion, and its privately held rival, Alterra Mountain, have been stockpiling resorts across North America in what seems to be a Cold War-style tit-for-tat competition. Their rivalry started out west but expanded into Vermont in 2017. Since then, the companies have staked claim to most of the state's big resorts — Stowe, Killington, Sugarbush, Okemo and Stratton — through acquisition or partnerships.
Read more by clicking below image
