History: Snowy mountains, cloudy economy | AspenTimes.com

History: Snowy mountains, cloudy economy

Aspen Historical Society
An aerial shot of Snowmass resort, circa 1980s.
Aspen Historical Society/Courtesy photo

“Snow lifts cloudy economic forecast,” projected The Aspen Times on Nov. 25, 1982. “The best opening day conditions in many years provided a silver lining for the cloudy economic outlook that has left many employers and employees wondering if prosperity will accompany the return of snow to Aspen this winter. … Snowmass, also closed for Thanksgiving Day last season, had 38 inches on top of the Big Burn and reported lifts 1, 2, 3 and 4 were open, servicing about 35 percent of the terrain including the Big Burn and Sam’s Knob. … Marketing vice-president Peter McMahon said skiers would be allowed, for only the second time in the area’s 25 year history, to ski all the way down the mountain on opening day. Though Snowmass Village was reporting an increase in reservations over last season, the economic picture was uncertain in Aspen as most observers felt that prospective visitors appeared to be holding onto their money waiting for a figurative break in the rough economic weather that has pushed unemployment to a national post-depression high of 10.4 percent.”


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