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Show Sat/Sun/MorVTues, July 29 - August 1, 2006 The Park Record A-8 MOUNTAIN TOWN NEWS Crested Butte anticipates fallout from Club Med Sale Summer Special (§oldener cHksck JHHD D E E R nwees / Hirfch W- Gomenei• •Restaurant ^, V A L L E Y * It's summer in the mountains -time to head For the hills for a hike, a bike ricle and 2 for I Entrees at the Hirsch. Sample the creative and delicious cuisine of Executive Chef James Dumas and The Goldener Hirsch Restaurant -recently awarded a Four-Diamond rating, and voted one of the top two ski-hotel restaurants in all of North America!* ^Amcricitn AiiionK-hllr Avocluthvi Raiaurani Hitintf, 200J- Condi- N.i%t Tr.i\i-Jcr, f)c<. 2lM\>. Finn*1 promt (An >ul for J j,>r I Pmn-?i F.nit,-- \f\cta!. tmr(c >p\XlattforJforJwncr, Wai.-f-ri. *.iun. A 2Q*o groluUv 'HI// fv oJJ<J to tlte hill bu*\-d o/i the urtpiitil haLmiv l,.W lh<^UijU %j \ 4 / 0 6 I'h.isc CJII fi't /ni-riijti.-fii P.O. Box 859, Park City, UT 84060 <• <8OO)2S2~3373 (43 5)649-7770 •> www.GolcUncrHirstlilnn.coni 2007 MAZDA CX-7 TEST DRIVE YOURS TODAY! WHERE WILL YOU FIND ADVENTURE? 4595 S. State Street Murray, Utah 84107 (801)266-0033 - " Starwood was the purchaser. Fair said the trend is being fueled by creative financing mechanisms that are making it easier to access capital to fund these acquisitions. Who could be interested in Steamboat? Immediate attention was turned to Intrawest and Vail Resorts, the two biggest operators in Colorado. But Vail already has four ski areas and, as per a U.S. Justice Department anti-trust ruling, is limited in how many more properties catering to Front Range ski areas it can own. Intrawest is not limited by anti-trust rulings, but has similarly tested the waters of sales the way American Skiing is now doing. In other words, it has generally been getting ouit of the skiing business, rather than in. Another potential buyer is the company owned by Tim and Diann Mueller, who own several ski areas in the East and in 2004 purchased Crested Butte. They had tried to buy Steamboat in 2002, when a financially on-ihe-ropes American Skiing had it for sale. American Skiing broke that contract, instead unloading California's Heavenly on Vail Resorts. But, as part of a settlement, the Muellers have a 30-day option on Steamboat should it again be put up for sale. Tim Mueller lold the Pilot that he wasn't sure whether he would make a bid. •Forest Service steaming about Rainbow Family port expansion at Telluride hasreceived environmental approvals,] allowing design work to commence' Actual construction is expected toi begin next spring. i The airport is located just a] few miles from Telluride, and it must rank among the most spectacular of airport locations, even in beautiful locales of the West. Itj is also extremely unusual in its' physical limitations. The runwayi dips in the middle, as it is 45| lower than at one end and 63 feet| lower than the other end. i In addition to that aggrava-j tion, the runway is also shorter] than what airport boosters would' like. It is 6.870 feet long. But aj flatter, longer runway - up to| 7,320 feet long - would more] safely accommodate the private; jets that now use it, plus a few! commercial jets. Currently, some] of those planes land at MontroscJ 70 miles away. i The Telluride Watch notes) that the federal government! expects to pay 95 percent of the estimated $50 million, with local sources responsible for the bal-j ance. Part of the cost is because^ the airport is located on a mesa* with falloffs on both sides. As1 such, a 150-foot-tall retaining wall must be built to hold the. extension. | i •Why not tap Idaho's vast underground hot water? KETCHUM, Idaho - Aboui new coal-fired STEAMBOAT SPRINGS, three-dozen Colo. - The U.S. Forest Service power plants are proposed for continues to steam about the unau- the West, and that has people in thorized carnpout by 15,000 the Ketchum/Sun Valley area Rainbow Family followers 35 miles rightly concerned. And nuclear north of Steamboat Springs in early energy, if increasingly embraced by environmentalists, still has July. "The irony is that this is a group some key, unanswered problems, that doesn't believe in government including what to do with the or leadership," Kim Vogel, public spent radioactive materials. affairs officer for the Forest Service, But Bali Szabo, writing in the told The Steamboat Pilot. "When Idaho Mountain Express, says the government foots the cost, all of the commentators have been us end up paying for their gather- missing an easy, non-polluting ing." source of energy. Idaho, he says, The agency estimates it spent sits atop abundant sources of hot $750,000 to dispatch 40 employees water, which range from 160 to to patrol the area where the gather- 600 degrees. ing was held. Yampa Valley Medical Already, he points out. Center officials estimated their Nevada gets 9 percent of its eleccosts of treating uninsured gather- tricity from geothermal sources, ers at $100,000. with another and California 5 percent. "Every $150,000 or more coming from var- megawatt generated by alternaious other local, state and federal tive means is that much less ton, agencies,,,J , .ir :1(, l j : ! l i . b u . , ,jiage of emissions into the atmospnere, he says. i •Telluride airport gets OK to start expansion TELLURIDE, Cb\b.\- The air- Allen Best~bas been the editor of four mountain town newspapers. He currently lives in Denvef. Linda McReynoIds Brunch Broktr • Stlling Park C\iy't Finril Pmpfrtits Smec l$&4- 4-35 Lewis, Wblcott & Dornbush Real Estate - •American Skiing testing waters for Steamboat STEAMBOAT SPRINGS, Colo. - The sale last December of 77 percent interest in California's Mammoth Mountain for $365 million has the owners of the Steamboat Ski Area wondering just how much money their property might be worth. www.ddahlema2da.com The current owner, American Skiing Co., which owns eight ski resorts, insists that it's not a desperate move, unlike some in the past. Blessed with its fourth-best snow year ever last winter. Steamboat has reported a high number of guests planning to return and also an increased number of airline seats. B.J. Fair, the CEO of American Skiing, tells The Steamboat Pilot that the Mammoth transaction certainly made an impact on pther s,kj -'afea! operators:' Btit, he said, its •24 Months Lease With S2.500 more about the unusually strong CAP Reduction. Payment Plus Tax. market for mergers and acquisitions across, industries. In the Mammoth -.case, for-exajnple, hotel operator Sd\vei # CRESTED BUTTE, Colo. Crested Butte is expecting a bumpy ride this coming winter now that Club Med has sold its lodge at the base of the ski area. The lodge was responsible for 10 percent of skier 'visits last winter, and Club Med visitors filled up 22 percent of airline seats. A Florida-based firm, Sunvest USA, purchased the property, but is making no guarantees that it will be open this winter. The firm specializes in converting properties into condominiums. Mt. Crested Butte town officials say they have the legal leverage to ensure that the hotel continues to operate as a hotel, even if it is condominiumized. John Norton, a consultant to the ski area operator, predicted a decline in skier days. "Club Med was remarkably successful at filling the property, so at least in the short term, occupancies and skier days will suffer," he told the Crested Butte News. But he said that the hotel by next summer will be lodging visitors, as it had not during the Club Med era. And in what may be close to a full circle, the ski area operator may be operating the facility. The hotel had been owned by the previous ski area operator, which sold it io Club Med in 2000 to raise cash for operations. Club Med had blamed the seasonality and high operating costs at Crested Butte for its decision to cash out of Crested Butte. 6 4 - 9 " I ^ ^ 4 - ° f f i " 8 o LewisWolcott Dornbush \ o6 4 1 - 1 8 8 4 - T o i i F r M R E A L E S T A T E www.li ndamcreynolds.com 1 me reynoIdsCy1 hvdparkcity.com • Settler's Ridge Condominiums $600,000 and $640,000 564 Deer Valley Drive What a buy! Ten fabulous 2-bedroom, 2-5 bath condominiums conveniently located between Deer Valley and Historic Main Street. Each unit features top quality finishes, lots of windows, granite, wood floors, fireplace, w&d, is fully furnished and has two underground parking spots and a storage closet. Call before they are all gone!! 130 Sandridge Road • $730,000 . /row rop /e/f; Ruth Drapkin, Dennis Hanlon, Maire Rosol, Linda McReynoIds, Karin Gage, Paul Schenk ., Artists' Favorite Historic Home / I > Often painted by local artists, on a coveLed /hillside location overlooking Main Street and the ski area, this two-bedroom home sits on an extra large lot with grassy yard and IOLS of flowers. There is opportunity here for renovation and expansion tp create a rare, large Old Town home. Historic outbuilding loo! Call-today! :" , 1359 ParkAvenue • $1,389,000 Stunning "Nm" Historic Home . Aseositive restomtion and a spncio us addition are featured in this well-designed four bedroom home. Centrally located near the ski area and overlooking the gorgeous garden* of City Park, the home offers large great room, a chefs delight kitchen, atuiched garage, quality finishes and so much more. Nearing completion. JLet Uui Cxpetience Be yoal Cjuiae •Six top-producing, all-Broker, long-established, well-respected, award-winning Realtors invite you to contact them. These experienced professionals welcome the opportunity to assist you with all your real estate needs in Deer Valley, Park City and the surrounding areas. 386 Centennial Circle • $3,995,000 Cltusk Mountain Home in Upper Deer Valley Located in beautiful Upper Door Valley at tfie Silver Lake Plaza, just 12 steps from the ticket window. Located 011 the choicest two lots on Amcri«jun Flag's coveted north point with dramatic views from every window, this beautiful home is offered for the very first time. Featured arefivebedrooms, several gathering areas, an abundance of sunny windows and 1.22 acres of mature evergreens and aspens. * Information herein, although deemed reliable, iV not guaranteed. Bayer to verify alt LewisWolcott Dornbush A L E S T A T E deervalley@lwdparkcity.com Sliver Lake Plaza/Deer Valley P.O. Bpx 2370 . Park.£ity, Utah 84060 ; . . . •', • ' V .•' by or call us at: 435 615-7110 Successfully listing and selling Park City and Deer Valley real estate. A big thankjov to all of my wonderful clients and friends! |