Vail Resorts Development hired the firm of Russell Reynolds to find a successor to Thompson. Until then, Vail Resorts Chairman and CEO Adam Aaron will play an active role in leading and managing VRDC. Thompson has been president of VRDC since 1994, just after Vail Resorts acquired Arrowhead at Vail. Thompson had been president of Arrowhead at Vail since 1989.
His real estate development projects at Vail Resorts include: The creation of the residential communities of Bachelor Gulch and Arrowhead at the Beaver Creek ski resort; the Red Sky Ranch golf community in the Vail Valley; Breckenridge's Mountain Thunder Lodge; and the enhancement of the Jackson Hole Golf and Tennis Club in Jackson Hole, WY. He has also led VRDC in the planning of Vail Resorts' real estate development efforts at the company's Vail, Beaver Creek, Breckenridge and Keystone ski resorts. Earlier this year, the first two real estate redevelopment projects for VRDC on its flagship land-holdings in LionsHead at Vail were either sold out or were fully reserved--a performance beyond even the company's most optimistic expectations.
After leaving VRDC on a full-time basis, Thompson plans to split his time between his Colorado and Florida homes. He will continue to be available to VRDC on a part-time consulting basis to assist with opportunities now presenting themselves to VRDC, in addition to pursuing entrepreneurial real estate development activity elsewhere in the country.
He will continue his association with Red Sky Ranch and the Red Sky Golf Club, which he founded on behalf of VRDC, and which has been praised by Golf magazine as having the first and fourth best playable golf courses in Colorado. At Red Sky Ranch, he will be Chairman of the Red Sky Golf Club's Advisory Board of Governors.
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