Friday, June 29, 2007

Vail Resorts Donates $75K to Communities Impacted by Tahoe Fire

BROOMFIELD, Colo. — Vail Resorts Inc. announced that it will donate a minimum of $75,000 to aid those impacted by the Angora Fire near South Lake Tahoe, Calif. where it operates Heavenly Mountain Resort, the region's largest ski resort. Five dollars from every Heavenly season pass purchased between June 24, the day the fire began, and December 2007 will go to local residents affected by the fire, which has destroyed over 2,700 acres and approximately 178 homes.

"The partnerships we share with our communities don't stop at the end of each business day; we are committed to aid local residents and Heavenly employees who have been touched by this terrible disaster," said Rob Katz, chief executive officer of Vail Resorts. "The loss of nearly 3,000 acres of forested and residential land in the Lake Tahoe Basin is a tragedy which reminds us all of the importance to protect and enjoy our national forests."

Vail Resorts will look to aid residents who urgently need essentials such as clothing, food and shelter and will advance funds as necessary and as requested by relief agencies. Vail Resorts and Heavenly are partnering with the South Lake Tahoe community and local businesses to manage the distribution of collective funds.

While Heavenly Mountain wasn’t impacted by the fire, daily gondola operations were suspended to accommodate emergency support operations and to allow employees to tend to their families and communities. Resort operations, including Gondola sightseeing tours, resumed normal hours on Thursday, June 28 and Heavenly and South Lake Tahoe are preparing to welcome visitors from around the country to the community's annual Fourth of July celebration.

Heavenly Mountain Resort is a world-class destination offering guests a combination of scenic beauty and exhilarating on-snow experience. Heavenly is a subsidiary of Vail Resorts, Inc.

Vail Resorts, Inc. is the leading mountain resort operator in the United States. The company's subsidiaries operate the mountain resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado, Heavenly in California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts is a publicly held company traded on the New York Stock Exchange.

The South Lake Tahoe community has been devastated by this fire, which as of this writing, continues to burn and is just 55 percent contained. It's nice to see a resort operator lend a hand in support of the community during this difficult time.

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