Ruapehu Alpine Lifts was also planning on gaining a strong foothold in the Australian tourism market and was working with Tourism New Zealand and Destination Great Lake Taupo.
However, for the project to be a success, there needed to be strong community support and an investment from the council to help fund a marketing campaign led by Tourism New Zealand, Mr Copland said.
"We need to position ourselves as a key player in the New Zealand ski industry by becoming the new emerging ski region for the Australian market and demonstrating to the North Island domestic market that Ruapehu is back."
Mayor David Trewavas said the offering by Ruapehu Alpine Lifts was one of the biggest economic development opportunities the district had seen for some time.
The "game changer" had been the renewal of the company's licence on the mountain and its vision and drive to bring the long-term plan to fruition was one that the council was united in supporting.
"We have the potential to be the primary winter resort town to service visitors to Whakapapa and that will bring with it a number of benefits," he said.
"We know our district has a lot to offer and this has the potential to put us on the world stage as a ski destination of choice."
Destination Great Lake Taupo chairman Ray Salter said the direction Ruapehu Alpine Lifts was taking would transform the Taupo District into a premier winter destination for New Zealand and Australian visitors.
The 2017 ski season is expected to open on June 3 - a month earlier than usual as a result of the snowmaking investment.