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Mountain News: Aspen expects 5-15% decline

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“Most of the guys here think they are slick and smooth, but in reality they are just creepers,” said Melissa Wigs, 19, using a modern term for an age-old lament.

Matt Gushka, who is 25, says if you’re lucky enough to find a girl you dig, you’d better stick with her. “But you know there’s four other dudes droolin’ on your girl,” he adds.

 

Tough times in 1980s recalled

WINTER PARK, Colo. – No doubt about it, times are tough. But they’ve been tough before, and not that long ago. In most destination ski resorts, the real estate market skidded hard in the early 1980s and never fully recovered for the better part of the decade.

Harder hit than most during that decade was Grand County, where foreclosures at and near Winter Park, Fraser and Granby were common. One ski area, SilverCreek, closed altogether. Twenty-one per cent of those ages 21 through 34 left.

All who were there, and some who escaped early, remember the late 1980s as a dark, dark time. It took much of the 1990s to sort through the bankruptcies.

If local conditions this time are no worse, and perhaps better than those of the 1980s, there’s still a sense of broader economic collapse, some of those survivors tell the Sky-Hi Daily News. “Problems now seem to be more systemic, wider,” carpenter Jay Clough tells the newspapers. In particular, he sees it as a difficult time for young families.

 

Swank hotel to open in February

MOUNTAIN VILLAGE, Colo. – If sometimes described as the poor man’s Aspen, Telluride is certainly no slouch when it comes to high-end real estate. Now entering that constellation is a new hotel, called the Capella Telluride. “There aren’t enough stars in heaven” to describe the hotel, says Seth Cagin, publisher of The Telluride Watch. It is scheduled to open in February in Mountain Village, the slope-side town near Telluride. The Capella will be operated by Capella Hotels & Resorts, a chain created by Horst Schulze. Schulze achieved considerable success with his role in the 1983 founding and subsequent expansion of another high-end hotel brand, the Ritz-Carlton chain.

 

Real estate review on hold

WOLF CREEK PASS, Colo. – U.S. Forest Service review of plans to build a major real estate development next to the Wolf Creek ski area is on hold. The Rio Grande National Forest officials told the Associated Press they hadn’t received a new or amended application from the developer, Texas billionaire Billy Joe “Red” McCombs. The plans have called for housing that theoretically could accommodate 10,500 people. Currently, there is no residential real estate at the site, which is surrounded by national forest.