Sale of Resort and Community Center Update

The following was taken from an article written in the Steamboat Pilot & Today by Alexis DeLaCruz on Wed., Dec. 20, 2006

The Steamboat Ski Area is being purchased by a veteran ski resort developer and operator with access to significant financial resources.

Intrawest announced Tuesday that it has reached an agreement to buy Steamboat Ski and Resort Corp. and its related assets from American Skiing Co. for $265 million. The deal is expected to close in late March.

Intrawest president and chief operating officer Alex Wasilov said he was as drawn to the Steamboat community as he was to the ski area.

Wasilov said it is too early to say what sort of improvements or changes Intrawest might make at Steamboat. Those announcements will come once the sale has closed.

Visit steamboatpilot.com for extensive coverage of the sale announcement. Reporter Tom Ross examines how the ski area went from being worth $90 million five years ago to $265 million today. We also have local reaction to the sale as well as the history of the Steamboat Ski Area.

The new Steamboat Springs Community Center will be built adjacent to the Stock Bridge Transit Center west of downtown, and could be completed in late fall 2007.

After hearing 19 comments from members of the public in an overflowing Centennial Hall on Tuesday night, the Steamboat Springs City Council gave final approval to plans for the new community center with two 6-1 votes. Council member Towny Anderson twice voted ‘no,’ voting against one plan detailing the center’s site layout and another detailing its architecture. While nearly all of the public comments dealt with the 2.3-acre site bordering the Yampa River, praising or criticizing a site that has stirred debate throughout the center’s planning process, the pair of council votes affirmed that the 8,400-square-foot, nearly $3 million center will be built at Stock Bridge.

4:55 AM - Dec. 22, 2006 - comments {0} - post comment
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