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SAGA OF THE RED BOX: Jackson announces plans to build new tram

NEW 100 PASSENGER AERIAL TRAMWAYfor Jackson Hole Mountain Resort

(Teton Village, Wyo., July 31, 2006) Jackson Hole Mountain Resort (JHMR) officials announced today their intention to enhance the legacy created over the last 40 years by committing to build a new 100 passenger, state of the art aerial tramway from the base in Teton Village to the summit of Rendezvous Mountain, a vertical rise of 4,139’. This lift will have the longest continual vertical rise of any ski lift in North America. It will replace the existing smaller aerial tram that will cease to operate October 1, 2006.

“I am very proud of our company leading this two and a half year process to a successful conclusion,” stated Jerry Blann, JHMR President. “This outcome would not have been possible without our dedicated owners, the Kemmerer Family and our Board of Directors. They deserve recognition for their commitment to Jackson Hole Mountain Resort, Teton County and the State of Wyoming.”

JHMR has contracted with Doppelmayr/CTEC to construct the new Jackson Hole Mountain Resort Aerial Tram and anticipates a scheduled opening December 2008. Preliminary discussions are taking place with the Forest Service regarding approvals required for the replacement of the tram. With an increased capacity of 100 passengers per cabin, the uphill capacity will increase to over 600 passengers an hour, pending Forest Service approval. Carney Architects, a local Jackson firm, is developing concepts for bottom and top terminal enclosures.

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“We hope with this decision Jackson Hole will remain the truly unique place it is for all who love the mountains year round, like we do. When we bought the Resort we knew it needed investment and were prepared for that, but the tram replacement has taken a lot of deep thinking to resolve,” stated John Kemmerer III, Owner JHMR. “Our family considers Jackson Hole Mountain Resort an integral part of this incredible community and we feel privileged to be able to leave such a legacy for years to come.” Kemmerer added.

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