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Show Wed/Thurs/Fri, February 9-11, 2005 The Park Record A-22 MOUNTAIN TOWN NEWS I A Roundup of news from other Western ski I Aspen hopes to make X Games permanent warned - not told - that more is coming after this." Record guest writer Mot threatening to these grand ASPEN. Colo. - Aspen wants plans than no-growth environto host the Winter X Games permentalists could be the design of manently, says David Perry, senthe airport itself, reports the ior vice president of the Aspen Mammoth Times. A resident, Skiing Co. Aspen has the event Owen Malory, a former systems contractually locked through engineer, says there is not enough 2007, bul Perry told a recent gathland at the airport to safely ering that he believes Aspen can •Mammoth sets record price accommodate the 757's that the get the games-now in their ninth for home sale resort officiajs want to see in a year - far longer. program of direct flights from disOne of Aspen's virtues is that MAMMOTH, Calif. - If high tant cities, similar to what most il has four ski areas, which means real estate prices are the evidence other destination resorts have. il can allocate one ski area. of a ski area becoming a world- Malory's concerns, says the Buttermilk, to the preparation class destination resort, then Times, are essentially the same as and then the event for a total of Mammoth is inching its way those indicated by the FAA. three weeks without hurting Ihe there. The local newspaper, the What is unclear is how this company's income stream. Mammoth Times, recently pub- idea got so far along - this has 'Hie event has been steadily lished a press release announcing been years in the making - if the growing. ESPN estimates that that a new record price, $3.6 mil- safety is so impaired. 66.500 spectators attended the lion, had been sel for a home. four-day event last year, up from That's not exactly Aspen and •13,000-sqnare-foot home 58.700 and 36,300 in the two pre- Vail prices, of course, but then ruled in violation of law ceding years. This year, in the Mammoth is relatively new at this days before the event. Aspen and business of top-end economics. JACKSON HOLE, Wyo. - A Snowmass were booked to 90 Located a five- to six-hour drive district court judge has come percent of capacity. from Los Angeles, the resort is down on the side of Teton County However, Perry warned that if busy on weekends but quiet dur- in the case of a couple who expanded their already massive Aspenites want to hold onto the ing the mid-week. X Games far into the future, To become more like the desti- log home beyond what county hoteliers must avoid the tempta- nation resorts. Mammoth is doing regulations permitted. The judge tion to gouge attendees, particu- two things thai all big resorts do. fined the couple, Thomas and larly the ESPN crews, reports First, it is building real estate - Carol-Ann Crow, $363,000. TTie Aspen Times. lots of it. Intrawest, which is now The case, explains the Jackson the majority owner of the ski Hole News ft Guide, goes back to •$226 billion of real estate area, is putting up three base vil- the mid-1990s. The couple built lages and projects to deliver 2,300 their house, but then wanted to sold last year in Vail area units of housing when all is done. expand it. They were told that VAIL. Colo. - In Vail-domiMost destination resorts also county regulations limited homes naled Eagle County last year, have major airports close by, or at to 10,000 square feet of total floor $2.26 billion in real estate sales least within an hour or two. area and 8,000 square feet of habwere recorded, besting the old Mammoth wants one of those, itable space. They expanded as record set in 2000 by 133 percent. loo, but things have not gone they wished anyway, to a total of In the highest of the high end, well. First, environmental groups 13,000 square feet of total floor a 10,000-square-foot home locat- sued to block the project, and area. ed in Bachelor Gulch, a project were joined by the California The judge aid the Crows failed within Reaver Creek, went for stale government. Lately, even to prove that the term "habitable $10.1 million, while a slightly Ihe sugar-daddy for most of this space" was voided because of its smaller house in the same neigh- work, the Federal Aviation vagueness. He also ruled that the borhood sold for $8.5 million. In Administration, has grumbled county can regulate the use and all, the county had 10 sales that and threatened to divert funds to size of interior space with a comwent for more than $4 million. other projects. pleted dwelling. Still, while the Vail area does "We are really hamstrung by The couple may yet be more total real estate, the Aspen this litigation," said Mayor Rick required to remove the offending area has pricier digs, with some Wood at a recent town meeting. portion of the house. It contains a 10 homes selling for more than "And what's-more, we have been bedroom and several bathrooms. $10 million. The hottest action in Eagle County, however, was in the socalled entry-level homes, which the V«0 Dally defined as homes priced at less than $500,000. Altogether the average sales price for the year in Eagle County was $676,000. 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Among the highest was in the area of Truckcc, Squaw Valley. and Alpine Meadows, where the median home price jumped by 24 percent. The same appreciation was also noted in Tahoe City, although the rest of the Lake Tahoe area appreciated much more slowly. With the median home prices hitting $540,000, many of the locals in the Truckcc area arc cashing out and moving to more outlying communities, where they can ratcheted down their mortgages, reports the Sierra Sun. And the buyers'.' At ICHSI some of them are people who rent in the Bay Area (Sun Francisco. Berkeley, et al), and who are buying their first homo in anticipation of retirement. •The fog comes in on lots of little cat7s feet LAKE TAHOE. Calif./Ncv. Some people in the Lake Tahoe area were getting down in the dumps recently after fog moved in on the paws of a herd of cats' feet. The fog settled in for seven days, causing some to think they had been relocated to S;in Francisco. 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