updated 2/2/2010 5:54:15 PM ET 2010-02-02T22:54:15

The first new gondola in almost 25 years at Steamboat Ski Resort is now running.

A ribbon-cutting ceremony was held Monday for the gondola linking Trailhead Lodge with the base of the resort. Resort Ventures West says it's the first gondola at the resort since 1986.

The gondola travels 2,000 feet in four minutes and can carry up to 340 people per hour. More cabins could be added to it to carry up to 500 people per hour.

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