No Additional World Cup Races for U.S. as Financing Scuttles FIS, USSA and Organizers Plans

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Nov. 29, 2006

BEAVER CREEK, CO (Vail Resorts Press Release)—Following almost one week of speculation and negotiations, a lack of financing finally scuttled attempts to stage additional World Cup men's and women's races in the United States.

International Ski Federation (FIS) officials, U.S. Ski and Snowboard Association officials and organizers in Beaver Creek and Aspen had worked diligently to find a solution that would relocate the cancelled men's events from Val d'Isere, France, along with the cancelled women's races from St. Moritz, Switzerland, at either or both resorts.

Both Beaver Creek and Aspen had stated their willingness to host the additional events. However, sufficient funding to cover the costs of running these additional races could not be secured and both men's and women's World Cup athletes are scheduled to return to Europe following this week's racing in Beaver Creek and Lake Louise, Canada.

"Our staff was ready to take on the additional events and we had a tremendous commitment from our volunteers to try and make this happen," explained Ceil Folz, president of the Vail Valley Foundation. "Unfortunately, the short timeframe relative to securing sponsorship support was the thing that ultimately derailed our efforts."

"After a week of trying to support the FIS by relocating the races to Colorado," offered USSA President and CEO Bill Marolt, "we were simply not able to come up with sufficient funding to stage the races. We appreciate the patience and cooperation of the organizers at Beaver Creek and Aspen, who tried to make this work with us."

"All of our people at Beaver Creek were totally committed to helping make this happen," added John Garnsey, COO of Beaver Creek Resort. "We have some of the best mountain operations people in the world and we were excited about the prospect of showcasing Beaver Creek through these additional races."

World Cup racing will continue at Beaver Creek tomorrow with the first ever Super Combined event held in North America. The 2006 Visa Birds of Prey World Cup Week also includes Downhill on Friday, Giant Slalom on Saturday and Slalom on Sunday.