Here are a couple of ski resort names from Canada:
Kicking Horse has been in existence for about 15 years and has yet to make a profit
Revelstoke has been in existence for about 8 years and has yet to make a profit.
Both areas suffer from being too remote and offer skiing primarily to black diamond skiers and thus miss out on attracting the biggest section of the skiing public, the intermediates. When black diamond skiers go on a road trip to these areas they are close enough to each other that their skiing dollars get divided between the two areas.
Revy might make it because although the owner is on record as saying that if he had it to do over again he would not buy the place, he is a billionaire and he might be loosing a small enough amount annually to keep things running.
Kicking Horse is owned by Resorts of the Canadian Rockies who also own Fernie, Kimberly, and I think another ski area near Calgary. So they also have the funds it would seem to keep things running.
Both areas also suffer from poorly designed lift systems.
Another Canadian resort, Jumbo Glacier Resort has the government approval to get built but a lack of investors and an already over capacity of ski lifts and resorts in Western Canada means Jumbo will likely not get built.