Base Village still attractive | AspenTimes.com
YOUR AD HERE »

Base Village still attractive

Dear Editor:

There may be benefits when big corporations own resorts. They have deep pockets and are better able to finance growth and have more staying power than shallow pockets.

This could be the reason why the founding Snowmass Village partnership was bought by a steel company, American Cement, and the privately held Aspen Skiing Co. was bought by Fox.



Today, Skico is reportedly bidding on distressed properties at Base Village in the town of Snowmass Village. Ironically, the big developers of this new village did not have the financial staying power they needed. The sight of some of this four-mountain ski resort on the auction block is a reminder that all investments, big or small, are subject to risk, but this four-mountain resort has reached a critical mass that continues to attract investors.

KNCBMoore




Santa Barbara, Calif.


Support Local Journalism

Support Local Journalism

Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User


News

State issues Vail Resorts a notice of violation for 2021 fish kill

Vail Resorts has received notice of violation and a cease and desist order in the wake of a spill, which qualifies as a “discharge of pollutants,” last year from part of the Vail Mountain snowmaking system that ultimately resulted in a fish kill in Gore Creek.



See more