How did this deal go down?
So let me get this straight. Way back in July 2021 (eight months ago), several well-connected individuals purchase 1 acre of land from Aspen Skiing Co. for $10 million, only to recently sell it for $76 million. That’s quite a return. Have things really changed that much in eight months, or did Skico fail to market this property to other potential buyers?
Seventy-six million would have paid for a lot of new chair lifts, or would have kept ticket prices down. Just wondering how this happened. Either way, this will push up Aspen real estate prices even more.