As you have probably read or heard by now, the new owners of Killington made quite a first impression by announcing that bond-issue and stock-issue season ski passes will only be honored for two more years. The truth of the matter is that the announcement came from American Skiing Company, not Powdr Corp. These are passes that when bought, were expected by the buyers to last through the buyers' lifetime.
Apparently, these are "lifetime" passes, but the [Sherburne] Corporation's lifetime, NOT, the buyers' lifetime. In this case SP Land and Powdr purchased the assets of Killington and Pico. They did not buy the Corporation and have concluded they have no legal obligation to honor the arrangement.
I would expect that this will not be the last we will hear about this and perhaps it will be decided ultimately in a court of law. What I am sure about is that the new owners did not buy a lot of goodwill with this move.
Regarding season pass rates and offers for the general public, they are not expected to be announced for a few weeks.