Woods’ Own Hill
New Zealand entrepreneur Nick Wood, co-creator of internet service provider iHug, which sold for NZ$82 million in 23, is currently in the United States where he has purchased Teton Pass Ski Resort in Wyoming and which he is now in the process of remodelling and reinvigorating. “We’re not talking about turning this into a big grand ski hill. It will be a boutique, a small, quiet secret for those in the know,” Wood said, adding with a smile “I’ve skied since I was a kid … and always wanted to have my own hill.” He closed on the US$27, deal in July, and with a couple of investors plans to invest about US$3 million in upgrades over the next few years. He’s marketing to locals, along with national and international clientele, and notes that he already has had inquiries about ski packages, as well as wedding accommodations. Choteau mayor Jay Dunckel said the community is intrigued by Wood’s efforts, and a few stores already are stocking ski equipment and clothing. “If he can turn that into a destination area like he’s trying to do, it would be a great economic boost for our community,” Dunckel said.