EXHIBIT 24 POWER OF ATTORNEY For Registration Statement of Vail Resorts, Inc. KNOW BY THESE PRESENTS, That each of the undersigned directors and officers of Vail Resorts, Inc., a Delaware corporation (the "Company"), which proposes to file with the Securities and Exchange Commission, Washington, DC, ("SEC") under the provisions of the Securities Act of 1933, as amended (the "Act"), a new S-8 Registration Statement and one or more post-effective amendments ("Registration Documents") to register under said Act an additional 3,545,510 shares of the Common Stock of the Company to be used in connection with the Company's 1993 Stock Option Plan and 1996 Long Term Incentive and Share Award Plan, hereby constitutes and appoints James S. Mandel, his or her true and lawful attorney-in-fact and agent, with full power to act as his true and lawful attorney-in-fact and agent, for him and in his name, place and stead, in any and all capacities, to sign the Registration Documents and to file the same with all exhibits thereto and any and all other documents in connection therewith, with the SEC, hereby granting unto said attorney-in-fact and agent full power and authority to do and perform any and all acts and things requisite and necessary to be done in and about the premises as fully and to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. -2- IN WITNESS WHEREOF, the undersigned have hereunto set their hand this 17th day of October, 1997. SIGNATURES TITLE /s/ ADAM M. ARON Chairman of the Board and - -------------------------------- Chief Executive Officer Adam M. Aron (Principal Chief Executive Officer) /s/ FRANK BIONDI Director - -------------------------------- Frank Biondi /s/LEON D. BLACK Director - -------------------------------- Leon D. Black /s/CRAIG M. COGUT Director - -------------------------------- Craig M. Cogut /s/ANDREW P. DALY Director - -------------------------------- Andrew P. Daly /s/STEPHEN C. HILBERT Director - -------------------------------- Stephen C. Hilbert /s/ROBERT A. KATZ Director - -------------------------------- Robert A. Katz /s/THOMAS H. LEE Director - -------------------------------- Thomas H. Lee /s/WILLIAM L. MACK Director - -------------------------------- William L. Mack /s/JOSEPH R. MICHELETTO Director - -------------------------------- Joseph R. Micheletto /s/ANTONY P. RESSLER Director - -------------------------------- Antony P. Ressler -3- /s/MARC J. ROWAN Director - -------------------------------------- Marc J. Rowan /s/JOHN J. RYAN III Director - -------------------------------------- John J. Ryan III /s/JOHN F. SORTE Director - -------------------------------------- John F. Sorte /s/BRUCE H. SPECTOR Director - -------------------------------------- Bruce H. Spector /s/WILLIAM P. STIRITZ Director - -------------------------------------- William P. Stiritz /s/JAMES S. TISCH Director - -------------------------------------- James S. Tisch /s/JAMES P. DONOHUE Senior Vice President and - -------------------------------------- Chief Financial Officer James P. Donohue (Principal Financial and Accounting Officer)