Buck Hill, a Twin Cities landmark that was the training ground for Lindsey Vonn and other Olympic skiers, has been sold by its founding family to investors who plan to transform it into a year-round facility, with summertime skiing and snowboarding in tank tops and shorts.
There are also plans to build a hotel, shops and more places for dining and entertainment.
The sale was announced Thursday by founder and owner, Nancy Stone, and new owners Don McClure, who has managed Buck Hill for four decades, and investors David and Corrine Solner.
"This is not a mountain resort, but it's a great training and learning area," David Solner said in an interview Friday. "We want to find ways to continue to support that throughout the year."
Jessica Stone, Nancy's Stone's daughter and Buck Hill vice president, didn't disclose the terms of the deal, but said that last fall the family was presented with four unsolicited offers for the 60-acre property, which is in a prime location along Interstate 35 in Burnsville.
Stone said that given the hill's proximity to the Twin Cities and its focus on training, the business has been strong and consistent, but expanding operations is going to require a significant financial and emotional commitment.
"It needs a ton of capital improvements," Stone said. "David has the knowledge and the wherewithal to make that happen."
Opened in 1954
Chuck Stone, Jessica's father and Nancy's late husband, first raised the idea of creating a ski area when he and Nancy were dating in the early 1950s. After some research, the couple found that Buck Hill was one of the highest points in the area and they persuaded landowners to give them a 25-year lease on it. They invested $3,700 to open the facility in 1954 and built a 1,000-foot rope tow to get skiers up the hill.