This marks the first major capital improvement for the new ownership and operating group that acquired the area in November 2011—CNL Lifestyle Properties, Inc., acquired Stevens Pass for $20.5 million. Stevens Pass Mountain Resort, LLC, an affiliate of Mountain High Resort Associates, LLC, in California, has been operating the area under a long-term lease agreement with Karl Kapuscinski at the helm.
Construction on the new lift will begin this April, with an expected opening in December 2013.