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"Did Private Equity Ruin Skiing?" Asks Finance Commentator

Commentators are discussing what the Park City ski patrol strike might say about the corporatization of skiing.
The article discusses the impact of private equity firms on the skiing industry, as highlighted by finance commentator Felix Salmon. Salmon argues that private equity's involvement has led to significant changes in ski resorts, primarily through cost-cutting measures and increased pricing. He points out that private equity firms often load resorts with debt, which necessitates higher ticket prices and additional fees for services that were once included in the basic lift ticket price. This shift has arguably made skiing less accessible and enjoyable for the average skier, transforming what was once a more inclusive winter sport into a luxury experience. The article also touches on how these financial strategies prioritize short-term profits over long-term sustainability and community benefits, potentially altering the cultural and economic fabric of ski towns.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/did-private-equity-ruin-skiing-asks-finance-commentator/ar-BB1rbA6R ]