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One of the greatest headlines of the (pre) season.

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It's a real improvement over the no-refund rule, but still pretty weasely, don't you think? You do allude to this in your post: if you buy now and defer in December, then you pretty much have to buy their pass for 2021-2022 (in order not to lose the $800 credit), so if they raise the price to say $1000, you are stuck paying the difference. Not to mention the realistic possibility that if there is no 2020-2021 season, Alterra will be bankrupt by 2022. So yes, the option to defer is worth something, but less than what it seems at first glance.

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