Podcast #92: Alterra Mountain Company CEO Rusty Gregory

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Who

Rusty Gregory, CEO of Alterra Mountain Company, owner of the Ikon Pass

Recorded on

June 23, 2022

About Alterra Mountain Company

Owned by: KSL Capital and Henry Crown and Company

About the Ikon Pass

Here’s a breakdown of all the ski areas that are party to Alterra’s Ikon Pass:

Why I interviewed him

In its first five years, Alterra has gotten just about everything right – or about as right as any ski company can as it Starfoxes its way through an asteroid belt filled with Covid and empowered workers and shattered supply chains and The Day After Tomorrow weather patterns and an evolving social fabric and the sudden realization by U.S. Americans that there’s such a thing as outside. The company changed the name of one of America’s iconic resorts, managed a near meltdown of its Pacific Northwest anchor, met Covid as well as it could, and continually tweaked Ikon Pass access tiers to avoid overwhelming partner mountains while still offering skiers good value. Oh, and adding Sun Valley, Snowbasin, Chamonix, Dolomiti Superski, Kitzbühel, Schweitzer, Red Mountain, Mt. Bachelor, and Windham to the pass – all since Covid hit.

If it’s all seemed a little improvisational and surprising, that’s because it has been. “I have a great propensity for enjoying chaos and anarchy,” Gregory tells me in the podcast. That explains a lot. In the frantic weeks after Covid zipped North American skiing shut in March 2020, angry skiers demanded concessions for lost spring skiing. Vail released, all at once, an encyclopedic Epic Pass credit plan, which metered discounts based upon number of days skied and introduced an “Epic Coverage” program that secured your investment in the event of everything from a Covid resurgence to the death of a beloved houseplant. Alterra, meanwhile, spun its plan together in four dispatches weeks apart – a renewal discount here, a deferral policy there, an extension six weeks later. “We’re continuing to strengthen our offerings,” Gregory told me on the podcast mid-way through this staggered rollout.

In other words, Dude, just chill. We’ll get it right. Whether they ultimately did or not – with their Covid response or anything else – is a bit subjective. But I think they’ve gotten more right than wrong. There was nothing inevitable about Alterra or the Ikon Pass. Vail launched the Epic Pass in 2008. It took a decade for the industry to come up with an effective response. The Mountain Collective managed to gather all the best indies into a crew, but its reach was limited, with just two days at each partner. M.A.X. Pass, with five days per partner, got closer, but it was short on alpha mountains such as Jackson Hole or Snowbird (it did feature Big Sky,...