Lease inked with Sugar Bowl to operate Royal Gorge | SierraSun.com
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Lease inked with Sugar Bowl to operate Royal Gorge

Staff report

NORDEN, Calif. — Royal Gorge Nordic Ski Resort is officially in the operational hands of Sugar Bowl Resort after a 25-year lease was recently finalized.

The Truckee Donner Land Trust and partners purchased the 3,000-acre Royal Gorge property on Donner Summit in late 2012 for $11.25 million.

“It was always a tenet of the Royal Gorge transaction that Sugar Bowl manages and rebuilds the ski operations,” said Perry Norris, executive director of the Truckee Donner Land Trust, in a statement Tuesday.

The 25-year lease, which is extendable to 60 years, was finalized last Thursday, said K.V. Van Lom, communications and administration director for the land trust.

“This lease agreement with Sugar Bowl ensures the goal the Land Trust, its partners, and area businesses had envisioned; a vibrant, sustainable economy on Donner Summit,” said William Thauvette, president of the Truckee Donner Land Trust, in a statement.

Financial terms of the lease agreement were not disclosed.

“The Truckee Donner Land Trust has been a tremendous partner during the property’s acquisition and in negotiating the terms of this lease agreement,” said Rob Kautz, Sugar Bowl’s CEO. “We look forward to working with them as they further develop and implement the property’s recreation plan.”

Learn more about the land trust at http://www.tdlandtrust.org, and learn its public outreach process for Royal Gorge at http://www.royalgorgeoutreach.org.


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