The small town of Maso Corto/Kurzras at the foot of the glacier was once home to only a few farms. Under Leo Gurschler’s guidance, the town expanded and transformed into the present Maso Corto “sports town”, or so-called Sportdorf. In the decades that followed, new lifts, slopes and mountain huts, as well as a hydro-electric power plant were added. To remember the pioneering work of the then-young farmer and businessman Leo Gurschler, in September 2007 a memorial was erected in his honour in the town of Maso Corto.
In 2014 the South Tyrolean company Athesia and the Innsbruck entrepreneur family Schröcksnadel took over the majority of shares in Schnalstaler Gletscherbahnen AG.
In autumn 2018, the Schröcksnadel family sold their shares to Athesia, which has held the sole majority of the shares since then.