RUAPEHU ALPINE LIFTS LIMITED In the early 1950’s a group of enthusiastic skiers decided to develop a ski area on the northwestern slopes of Mt Ruapehu and formed Ruapehu Alpine Lifts Limited to achieve this. Ruapehu Alpine Lifts Limited has over 4,000 shareholders who do not receive dividends or any other specific benefit. Ruapehu Alpine Lifts Limited (the ‘Company’) is a public benefit entity registered under the Companies Act 1993. All profits are reinvested in the maintenance and further development of facilities at the ski areas for the benefit of the public and to promote snow sports on Mt Ruapehu. From incorporation in 1953 the company focused on the growth of Whakapapa Ski Area. In December 2000 the purchase of Turoa Ski Area was achieved. The company’s business now comprises the operation of both ski areas
Always a risk with private ownership ,I agree, but Ruapehu Alpine Huts( RAL) is a not for profit organisation started years ago by the first people to ski on the mountain,
All the original founders of the ski field got lift time passes for their efforts.and queue privileges for a while
Any profit stays on the mountain
Overall its really well run and they, RAL,are always (,albeit slowly but surely) improving facilities ,hence the fund raising.
The risk is that the Concession for use ,that the Government department( Department of Conservation, DoC) issues for the skifield is not granted to RAL .
If it wasn't reissued to RAL ,I would imagine RAL would sell all the facilities it owns to other operators to take away ,leaving a bare mountain .The economic effect of this on the surrounding area would be devasting and not worth thinking about