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The Crested Butte Rumor Mill

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Photo by John Holder – The Alley behind Red Lady Realty this morning (11/24/13)

 

Crested Butte Mountain Resort Changing Hands?

Anyone who has spent time in Crested Butte knows that there are always rumors about the ski resort selling.  Maybe someone saw someone in a suit walking around or their friends friend said that it is definitely happening this time.   This time seems different.

There has been a lot of buzz for the last week or so and, while the facts are not known, it does seem more likely then ever that CBMR will be under new management in the near future.  Here are three articles alluding to this:

Why does it matter?  There are several reasons this could be a good thing for the economy of Crested Butte.  There is a feeling among some people that the Mueller’s have not done the best job of managing the ski area and that has affected the flights to and from the Gunnison Airport.  New ownership would bring new energy and money to the ski area and that will effect the community as a whole.

From a real estate perspective, when the Mueller’s bought the ski area in 2004 real estate values went through the roof!  While that boom was accompanied by a nationwide real estate boom, it was certainly amplified by the sale.  The economy is completely different now, but there is general optimism that the sale of the ski area would cause an increase in demand and therefore prices would go up.  There are some sellers who are already acting as though that is the case by increasing their asking prices and rejecting offers that would have been accepted a few weeks ago.  This may be premature, but it is certainly something to keep an eye on.

I’ll keep you updated as the sale either proceeds or fizzles, but don’t hesitate to contact me with any questions or to discuss what this might mean for any plans you have to buy or sell real estate in the area.

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As you can tell from the photo – it is snowing here!  The ski area opens on Wednesday with free lift tickets for everyone!  The Nordic Center is hosting their Thanksgiving Camp from Thursday through Saturday and there are a lot of trails already groomed  and being skied right now.  More info?

CBMR                                                 Nordic Center

If you are sitting at home or work and want to dream about Crested Butte you should check out our webcams.  I admit that I look at them when I am out of town and it can turn into a nasty habit!  Happy dreaming!

Donita’s Cantina Cam – view of Elk Avenue (scroll down a bit on the page)
CBMR Pow Cam – How much snow have we gotten in the last 24 hours?
CBMR Cameras – other views of the ski area

If you are hoping to visit Crested Butte often and want to keep an eye on the flights you are in luck! Visit www.flygunnisonairport.com and you can sign up for the Airfare Club.  They will keep you updated on deals to get you in and out of the area and also keep you updated on what is happening with our regional airport – just 28 miles from Crested Butte.

Have a wonderful Thanksgiving with your family & friends.

I hope to see you this winter.  Please stop by to say hello!

Molly

 

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