Steamboat Springs Ski Resort will get more than $16 million in capital improvements for the 2007-2008 ski season, the resort announced Tuesday.The investment marks a record for the ski area, which was purchased in March by Intrawest for $239 million. Its previous owner, debt-saddled American Skiing Co. had limited money to upgrade Steamboat.

Capital investments this summer will go toward installing a new Christie Peak Express high-speed, six-passenger chairlift, a major regrading of the area’s Headwall slope and other improvements.