New Tram Carries $25 Million Bill
Teton Village, WY – Funding will be a key question as Jackson Hole Mountain Resort weighs the options for replacing its famous aerial tram. Resort President Jerry Blann says three alternatives are on the table. He says a complete replacement with a $25 million price-tag is far-and-away their preferred option. But Blann says the resort can't afford it alone. He says they have discussed loan and grant possibilities with both state and federal officials. Blann says there's a strong economic argument for investing public money in a new tram. He says he tram is an integral part of the resort's contribution to the winter economy. Blann also points out that federal money accounted for two-thirds of the tram's original cost. The resort will decommission the 40-year-old local landmark at the end of next summer, due to safety and maintenance concerns.