The former Elk Meadows Ski Resort has a new owner, a new name, and a scrubbed look.

New ownership has taken over at the southern Utah resort east of Beaver and plans to open in December under the name of Eagle Point. The ski area has been shuttered for the past eight years.

Shane Gadbaw, the new owner and founder of Xe Capital Management in New York City, had crews working this summer and fall to renovate all five lifts, rebuild lodges, and clear slopes and trails of overgrowth, said spokesperson Jodi Holmgren. The ski area opened in 1972 as Mount Holly and has gone a number of owners – and makeovers -- since then.

They (Gadbaw et al) own it outright, so there won’t be the hurry-and-sell-tickets mentality,” Holmgren told OnTheSnow.

Gadbow and his partners bought the resort at a bankruptcy auction in 2009. The new ownership group will concentrate on upgrades on the mountain and leave real estate development to later, said Holmgren, unlike previous owners. The resort area was most recently promoted as a private recreation club, complete with golf course, ski slopes, and homes.

“This first year, we will focus on the drive market from Las Vegas, Phoenix, and southern California,” she said.

Adult all-day tickets will be $45, with children and seniors at $32. College students and locals will get deeper discounts, including a $150 five-pack. Opening day is set for Dec. 15.

The mountain boasts 1,400 vertical feet on 400 acres of in-bounds terrain served by four fixed-grip chairlifts, and one platter. The new management plans to open significant backcountry areas during the season, Holmgren said.

The base at Eagle Points sits at 9,100 feet in elevation amid the Tushar Mountains. The ski area is a 20-minute drive from Beaver, Utah, where skiers and riders will find a variety of accommodations and restaurants. The area has no snowmaking but averaged about 400 inches of snowfall a year while it was open.