It was purchased by local communities and the Trust for Public Land in 2015, with plans to reopen a smaller version of a ski area, and keep the rest of the mountain preserved.

In 1946, Catharine Cushman, with the help of others, began to develop real estate on the mountain, in essence opening Ascutney as a ski area.

Improvements under the Plausteiners include snowmaking coverage being expanded to 95% of the skiable area and installation of a high-speed detachable quad chairlift in 2000 from the bottom of the mountain to a new, higher peak.

In October 2010, the State of Vermont admitted that Ascutney Mountain had not yet filed for lift inspections,[1] and the resort did not open for the 2010 winter.

[2] Following a protracted legal battle, Dan Purjes of MFW and Mark Blundell of UTVT, the principal lien holders on the property, assumed ownership as the only bidder at an auction of the resort's assets in November, 2013.