Bolstered by silver mining in the surrounding mountains, the town's population grew rapidly, from 300 in 1880 to 8,808 in 1890. In the 1970s and 1980s there were further changes in the ski industry. S&P and/or its Client shall have the right at any time to modify or discontinue any aspect of the Site or any part of the Contents. ", Meanwhile, Walter Paepcke, a wealthy Chicago businessman, and his wife, Elizabeth, also had plans for Aspen, though for them the town had the potential to become a new cultural center. Aspen Skiing Company is a value-driven company, owned and operated by people who share a common appreciation and respect for the pristine environment in which we live. Airlines, seeing skiing as a source for greater travel, began promoting the sport. All Rights Reserved. In 1978 Twentieth Century Fox purchased Aspen Skiing Corporation, which became a subsidiary. Product Contamination / Recall Line, Aspen Insurance Appoints Head of U.S. Primary Casualty, Aspen to Announce Second Quarter 2016 Earnings on July 27, 2016, Aspen Insurance Appoints Head of International Marine, Aspen Insurance Expands Cyber Risk Team to Support U.S. Market Growth, Aspen Appoints New International Head of Onshore Energy & Construction, Aspen appoints new global product heads for Surety and Credit & Political Risk, Aspen Announces Segment Leadership Appointments, Aspen Insurance Strengthens International Cyber Team with New Senior Appointment, Aspen Re Appoints New Head Of Latin America and Caribbean, Aspen Reports Results for Quarter Ended March 31, 2016, Aspen Declares Dividends on Ordinary Shares and Perpetual Preference Shares, Aspen Insurance Appoints Lorraine Seib Global Head of Excess Casualty, Aspen Opens Reinsurance Hub in Dubai and New Senior Appointments. Your continued use of the Site shall constitute acceptance of such modification. I envisioned the runs cut naturally with the contours of the mountain, blending with the meadows, gorges, and glades. The resort thus began with much fanfare and quickly gained notoriety, in part for the difficulty of the mountain's terrain. The 1960 Winter Olympics in Squaw Valley, California, brought greater visibility to skiing in the United States. Access all of our press releases since 2012. This would be a golden era for Aspen. In 1953, therefore, Pfeifer purchased about 300 acres at the bottom of a nearby mountain that was better suited for beginning and intermediate trails. The mountain itself had a restaurant, as well as five chair lifts. Aspen Highlands would not be purchased by Aspen Skiing Corporation until December 1993. Company History: Founded in 1946, Aspen Skiing Company is headquartered in Aspen, Colorado, a small town in the Roaring Fork Valley of the Rocky Mountains. Want to bring the spa into your home? In exchange for Paepcke's help in raising money ($300,000 was necessary to capitalize the new corporation and build a chair lift), Pfeifer agreed to let Paepcke run the new ski resort. From the 1960s forward, Aspen Skiing Corporation continued to increase the number of trails and lifts and to construct new facilities. Privacy Policy. You agree not to take any action, alone or with others, that would interfere with the operation of the Site, to alter the Site in any way, or to impede others' access to and freedom to enjoy and use the Site as made available by S&P and S&P’s Client. As consumers, we often take for granted all the hard work that goes into building a great company. The first attempt at developing a resort at Aspen came in 1936, when three men (T.J. Flynn, Ted Ryan, and Billy Fiske) formed the Highland Bavarian Corporation. Although only a lodge had been constructed, the resort opened in December 1936. Eight years later, in April 1993, Davis's management company sold its interest to the Crown family, which finally became the sole owner of Aspen Skiing Company. Most significant, skiers were beginning to shun small, basic ski areas for those that provided the largest number of trails, the most and fastest lifts, and the best facilities. The town of Aspen, which served all four, had long become a culturally sophisticated center known for its numerous visiting celebrities. Many members of the Forbes 400 manage to combine the two, channeling their philanthropy through family foundations and benefiting from tax breaks at the same time. You agree to monitor these Terms of Use, and to cease all access or use of the Site if you no longer agree to abide by the Terms of Use. These Terms of Use are the entire agreement between the parties with respect to its subject matter, and it can be amended only via written agreement by S&P. Then, in 1893, when the population hit 12,000, came the great silver panic, which forced Congress to drop silver as a monetary standard. You may not use, reproduce, distribute or display any portion of the Site for any other purpose, including without limit any commercial purpose. Pfeifer sold his shares in Aspen Skiing Corporation to raise money. Aspen Skiing Company is giving credit to 2019-2020 passholders after this winter’s season was cut short due to COVID-19.Passholders can receive up to $250 in credit for a non-chamber premier pass, but credit value is tiered for different passes, according to a release. Dick Durrance, a former ski racer who became general manager in 1947, soon oversaw an expansion of the resort's terrain.

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