Sugarbush Resort is a ski resort located in the Mad River valley in Warren, Vermont, owned by Alterra Mountain Company. It is one of the largest ski resorts in New England. The resort encompasses more than 4000 acres (16 km²) total, 484 trail acres (2.34 km²) skiable, 53 miles (85 km) of trails, and 16 ski lifts. Sugarbush has 111 ski trails, 18 additional marked wooded areas, and substantial off-piste skiing and riding The summit elevation is 4,083 ft (1,244 m), and it has a vertical drop of 2,600 feet (790 m), the second largest in Vermont after Killington, and the third largest in New England after Killington and Sugarloaf.

Live Phish Vol. 2 was recorded live on July 16, 1994, and was released on September 18, 2001, as part of the Live Phish Series. The show was performed on the side of a ski slope at the Sugarbush Resort in the town of North Fayston, located in Phish's home state of Vermont. It was the final concert of the band's highly successful 1994 summer tour. Earlier in the year, the band had released its highest selling album to date (Hoist) and the size of the Phish audience had expanded greatly by the summer. The Sugarbush concert, which included overnight camping on the ski slope under the stars, was slated as the grand finale of the tour.