LOUISVILLE, Ky. (WDRB) -- Paoli Peaks is getting a new owner.
Colorado-based Vail Resorts plans to buy the ski resort. The company expects the deal to close this fall if both regulators and shareholders approve.
As part of a larger $264 million deal, Vail is also taking over 16 other U.S. ski areas ranging from the northeast to the midwest. The company says it plans to spend about $15 million over the next two years on improvements at the properties.
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