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James Coleman getting into the mix of snowmaking at Purgatory Resort.
James Coleman getting into the mix of snowmaking at Purgatory Resort. (Photo: Scott DW Smith/Courtesy Purgator)

The Ski King of the Southwest

James Coleman is snapping up small ski areas in Colorado, Arizona, and New Mexico. As warming temperatures shorten the winter season and the West contends with drought, we had to ask: Why?

Published: 
James Coleman getting into the mix of snowmaking at Purgatory Resort.
(Photo: Scott DW Smith/Courtesy Purgator)

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The most aggressive man in the ski industry not named owns a 46-foot-long tour bus with a dance floor, which he bought from Garth Brooks鈥 drummer and drives around the West, hunting powder. Leading up to these trips, James Coleman will text simple instructions to whomever he has decided to invite: 鈥淪how up in Durango on this day.鈥 They won鈥檛 know where they鈥檙e going, but they will know they鈥檙e in for deep snow and steep terrain.

If you live and ski in the American Southwest, chances are you've听heard of Coleman by now. The 49-year-old businessman has become something of a regional celebrity in the past two years, fronting an investor group that has purchased three ski areas鈥 and Hesperus in Durango and Arizona Snowbowl in Flagstaff鈥攁s well as the largest snowcat-skiing operation in Colorado, formerly known as . The spending spree brought his stable of ski resorts to five鈥攈e already owned and Summer Resort and , in New Mexico鈥攁nd Coleman says he's not finished buying.

Which begs the question: Why is this man pinning his hopes to a fickle ski market in one of the most arid regions in America?

In early February, I arrived in his adopted hometown of Durango to find out.

A crowd of skiers and snowboarders hang out at the base area of Purgatory ski resort in Durango, Colorado.
A crowd of skiers and snowboarders hang out at the base area of Purgatory ski resort in Durango, Colorado. (Kara Grubis/iStock)

Leading up to my visit, when听we planned to ski Purgatory听together,听Coleman told me on the phone that he likes it when people question his business model鈥攚hich seems contrarian in an age of climate change, shortening winters, and drought. (Two years ago, Pajarito didn鈥檛 open until January due to low snowfall听and four years before that it had been scorched by a massive wildfire.) Coleman also acknowledged that I should expect a challenging profile subject. 鈥淚 am a complicated person. So if you want to totally understand me, good luck,鈥 he said. 鈥淚 was born that way.鈥

Coleman, the CEO of private equity and development firm (which is changing its name to Mountain Capital Partners, he says), grew up surfing in Southern California, then attended high school and college in Austin, Texas. He followed his father into real estate development in Austin and won some national awards for his apartment-complex site plans. Standing 6-foot-4-inches with sapling-size forearms, shoulder-length blonde hair, and a neatly trimmed Fu Manchu mustache, he looks more like a 1970s version of Paul Bunyan than a business executive. And while he complies with most questions, you get the feeling he would rather talk about riding his motorcycle or his favorite band (Rush) than his business dealings.

鈥淗e鈥檚 got the adventurous spirit that it takes to be involved in this crazy business,鈥 says Benny Abruzzo, president of , who has known Coleman for nearly two decades.

A half hour into our ski day at Purgatory, Coleman points toward an abyss of refrozen avalanche debris below us. It鈥檚 a 鈥渟ick chute鈥 (his words) called Monkey Gully that plunges from an entry framed by limestone towers and wedged among other gnarly runs. Coleman enjoys jumping off cliffs鈥30-footers are his max, he says鈥攂ut recent warm conditions rendered Monkey Gully unskiable due to the threat of wet slides. Still, he likes showing it off because of what it symbolizes at the family-oriented ski area.

鈥淭here hasn鈥檛 been a lot of [steep terrain] here before, but I like extreme skiing and I know other people do, too,鈥 says Coleman, who has duct tape on his poles. 鈥淚t鈥檚 funny. You can take people who鈥檝e been skiing here all their lives, show 鈥檈m some of this stuff, and they鈥檙e like, 'What? Where are we?'鈥 He laughs. 鈥淚t ain鈥檛 your mama鈥檚 Purgatory anymore.鈥

He has just come from a luncheon in downtown Durango, 25 miles south, where he gave a speech to introduce his company鈥檚 newly renovated three-story headquarters, complete with a ski shop. In his speech he discussed his core values, which mirror his firm鈥檚: freedom, happiness, and purpose. 鈥淚 really look at life holistically,鈥 he says on the chairlift. 鈥淵ou shouldn鈥檛 be able to tell where work ends and play begins.鈥

Coleman says he knew when he was in high school that he wanted to run his own ski area. He spent much of his twenties saving money from real estate ventures to make that happen. Hoping to buy his first resort by age 35, he learned from a friend that Sipapu might be available and bought it听for an undisclosed sum, in 2000. (Coleman declined to disclose finances or metrics related to any of his properties.) Coleman was 32.

鈥淚 wasn鈥檛 necessarily looking to sell my business at the time, but he fit with my goals for the business,鈥 says Bruce Bolander, whose father, Lloyd, founded Sipapu in 1952. 鈥淗e wants skiing to be affordable. I think what he鈥檚 doing is truly going to grow the ski industry.鈥

Bolander views Coleman as old-school in the mold of his father and other pioneering operators. 鈥淭he people who did this back then actually went out and built it,鈥 Bolander says. 鈥淭hey moved the rocks then cut down the tree and split it for firewood to heat the building. It鈥檚 not like James is just sitting behind a desk punching numbers, he鈥檚 out there making things happen.鈥

Coleman has never been shy about declaring his love for hard labor. He has owned his favorite chainsaw鈥攖he Echo 650 EVL鈥攕ince 1984. He cleared much of Monkey Gully himself, he says proudly at the top of the run. Later, over dinner, his wife, Tonia, discloses that he has scars on his thigh and kneecap from past mishaps as a sawyer. 鈥淛ust, like, little taps,鈥 Coleman clarifies. 鈥淚f you鈥檙e off the gas, a chainsaw isn鈥檛 like a knife. It鈥檚 just a trencher.鈥

As Coleman arcs and slashes turns down groomers, through aspen and pine forests, and off the periodic eight-foot rock drop, he looks at home on his fat skis. And to some degree, he is. While Vail Resorts CEO Katz has made waves by buying resorts that expand the corporate empire in the most strategic places possible (see: and, most recently,听), Coleman buys resorts where he has a personal connection. was where he and his two younger brothers went sledding as kids. Purgatory was the second place he ever skied, during a family trip in high school. The Southwest may not have the deepest winters, but all five of his resorts include base areas of around 8,000 feet or higher, where cold temps allow for ample snowmaking and longer seasons, he points out. 鈥淓levation, for the most part, matters more than latitude.鈥

Chairlifts at the Arizona Snowbowl near Flagstaff, Arizona carry skiers uphill.
Chairlifts at the Arizona Snowbowl near Flagstaff, Arizona carry skiers uphill. (Josh Biggs/AP)

To counter the threats of drought and warmer winters, Coleman makes sure his resorts open early and stay open via manmade snow, invests in modern base-area amenities, upgrades chairlift infrastructure as quickly as he can, and focuses on providing all kinds of terrain, from steeps to the bunny hill.

His commitment to everyone's ski experience听has made him a popular guy in the communities his resorts serve. People thank him on the street as well as on the hill, he says, an exchange I witnessed more than once at Purgatory.

As for whether climate change threatens his resorts, Coleman sits on the fence. 鈥淭here鈥檚 always been climate change. My house in this valley was under 2,000 feet of ice 10,000 years ago,鈥 he says on the lift. 鈥淗ow much of it is manmade or not, I certainly don鈥檛 know. I鈥檝e read different studies and they don鈥檛 say the same thing. So I don鈥檛 really worry about it a whole lot.鈥澨(Though this听skepticism doesn't stand up well to the science: according to a Center for Snow and Avalanche Studies 2015study of听temperature and precipitation trends in the San Juan Range near Durango听winters have gotten significantly warmer and drier over the past 35 years.)

Just like Vail鈥檚 spending spree and 鈥攚hich grants access to resorts around the West, as well as in Europe, for less than $900鈥攎akes it tougher for destination resorts to compete, you could argue Coleman鈥檚 approach and collective does the same to small resorts scattered around the Southwest. The pass, with price points tiered according to a buyer鈥檚 age, offers unlimited access to his five resorts as well as three days at partner resorts in Colorado, Wyoming, and Utah, as well as Japan, Spain, and Italy. However, according to Abruzzo, who has run Ski Santa Fe for 33 years, Coleman has not wielded his influence to the detriment of his competitors. 鈥淭here was a time when Durango Mountain Resort (Purgatory鈥檚 name before Coleman restored its original moniker) came to one of our little New Mexico ski shows, and they put up this massive booth and took over our show,鈥 says Abruzzo. 鈥淲e joked that evil Colorado was trying to crush us. James hasn鈥檛 been playing that card.鈥

Abruzzo, whose own ski area has seen pass sales double over the past five years, adds: 鈥淎nybody who鈥檚 daring enough to run a ski area in this arid, whimsical environment is always going to be a friend.鈥

To date, Coleman is on track to have invested $30 million in his six ski properties between 2015 and 2018. He counts about a half-dozen primary investors, most of whom he declines to identify, and says, 鈥淭hose guys have to be happy. If I鈥檓 making them money, then that encourages reinvestment in these resorts, and that makes more skiing for the customer. It works in a circle.鈥

And it has worked that way for 17 years. Coleman says Sipapu sees five times as many skier visits now (roughly 50,000) as when he bought the resort. Snowbowl, which debuted a new this season and still gets most of its business from Phoenix, was on the cover of , the industry trade magazine, earlier this winter.听

鈥淚n terms of boutique collectors of medium and small ski areas, there are a few other examples to some extent, but no one鈥檚 taken it as far as James has,鈥 President Michael Berry says. 鈥淗e sees value and has relationships in the community that I think support his view. And to be honest with you, I think it鈥檚 the right thing to do. Small, unique ski areas are doing quite well right now.鈥

Back at Purgatory, just past four o鈥檆lock鈥攃losing time鈥擟oleman and I arrive at the bottom of Chair 1, which affords a majestic view of the southern San Juan range. The lifties sense that Coleman would like to do one more run, so they wave us through with a chuckle. We linger when we reach the top, so long that a veteran ski patroller rides up on his snowmobile and asks if we are part of the lift-operations crew. Coleman skis over to the patroller and extends his hand. 鈥淣o, I鈥檓 James Coleman,鈥 he says.

The patroller鈥檚 eyes light up. 鈥淥h hey, nice to meet you!鈥 he says. 鈥淔inally, man! I鈥檝e heard so much. This is my 22nd year up here. Dude, this is turning into a real mountain! I love it! Finally!鈥

Coleman doesn鈥檛 love all the attention he gets, even if he has realized it is good for business. He jokes about moving to Montana and disappearing from public view. 鈥淚 just want to be left alone,鈥 he says.

In fact, his most recent powder tour with family and friends was a three-day trip to Bozeman, featuring stops at , , and the . He had his choice of private transportation options, but this time he left his tour bus at home and called his pilot.

鈥淪ometimes you just need speed,鈥 he says. 鈥淎nd a plane.鈥

Lead Photo: Scott DW Smith/Courtesy Purgator

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