Entrepreneurs purchase Powder Mountain for $40M

Published: Tuesday, Dec. 4 2012 12:00 a.m. MST

Mauro, who lives in Eden, introduced Summit to the idea of purchasing Powder Mountain, fearing the resort could end up in the wrong hands and become exploited.

"Instead of looking to create another corporate ski resort, we want to preserve the legendary open runs and untracked powder that have garnered No. 1 rankings in snow, adventure and value," Mauro said. "Instead of overpowering nature, we're looking at how we can preserve an environment of open spaces, uncompromising vistas and year-round adventure."

Mauro said their goal is to "create a place that has a positive impact not just on the residents of Summit Eden and the Ogden Valley, but the state of Utah and the world."

Contributing: Amy Joi O'Donoghue

Email: jlee@desnews.com

Twitter: JasenLee1

Get The Deseret News Everywhere