Excerpt from: SnowHome Properties
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| December 31, 2004 | | Best to Buy a Slopeside SnowHome - Condo or Townhome - in a Down Market | Copper Mountain Ski Resort still trails the rest of Summit County in terms of real estate pricing trends, but it is beginning to catch up. There are still some bargains to be had when measured against the volatile uptrends of the 90s. This could be a good time to invest. However, a recent decision by the Board of County Commissioners denying Intrawest's application to nearly double the base of the ski area will have an affect on future values. The question currently is what. If expansion is basically halted with current approvals in place, it may well be that values of existing properties will go up. On the other hand, the objective was to make Copper Mountain more of a year-round resort, an aspect that is currently lacking. At the September luncheon of Summit ski resort CEOs, Copper announced it is already in the process of preparing a new expansion plan to bring back to the County for approval. Of course, it is expected that this will take a few years before any final results are known. | |
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