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Netflix Co-Founder Reed Hastings Pumps $300M into Utah's Powder Mountain Resort

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Netflix co-founder Reed Hastings has invested $300 million to redevelop Powder Mountain ski resort in Utah. The project blends open public skiing with an exclusive private residential community on the same property. New lifts and luxury facilities are being constructed as part of the overhaul. The hybrid model is designed to fund infrastructure upgrades while keeping the slopes accessible to the general public. Hastings believes this approach could serve as a new template for sustainable ski resort development.

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