Our Backyard

Mainstreet Real Estate will try to post new information regarding the base village at Winter Park.

Click here to be directed to Intrawest’s website.

HGTV’s Dream Home 2007 is in Winter Park.

Top 6 Reasons why they picked Winter Park seem to be the same reasons we have decided to make this our backyard. Take a look inside HGTV’s Dream Home 2007. It’s exciting to see the exposure the Fraser Valley is getting on national television.

VANCOUVER, British Columbia - Shareholders of resort and travel company Intrawest Corp. voted Tuesday in favor of a $1.8 billion takeover offer from the U.S. private-equity firm Fortress Investment Group LLC.Under the deal approved by a 99 percent favorable vote, Fortress agreed to pay $35 per share in cash for the company, which owns Copper Mountain and operates Winter Park ski resort in Colorado.

Fortress also is assuming $950 million in debt in the deal.

The agreement required approval by two-thirds of its shareholders.

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Currently snowing in Winter Park. Photo taken at 4:15pm. 

A- Basin opened today with a reported 18 inch base and 1 run, WP Competition Center is hosting it’s ski swap this weekend and the new Warren Miller movie will be showing in downtown Winter Park next Wednesday. All signs that the lifts will be running soon!

Photo shows construction on Fraser’s Crossing/Founder’s Pointe has started. Please contact our agents if you have questions regarding this development or would like to request more information.

Colorado’s ski industry faces one of its biggest ownership shuffles in years.The latest wave of deals likely will put many areas back into private hands - reversing a trend that had publicly traded companies snapping up major resorts.

What has changed?

Private buyers and bidders tend to be coming to the table with gobs of capital. Before Wall Street arrived, ski-area ownership tended to be a largely local affair.

“There’s a lot of money out there looking for something to do,” said Ford Frick, managing director at BBC Consulting in Denver. “And ski resorts always have a little sex appeal, so that plays into it.”

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Cost of a day of skiing

Copper Mountain:
$21 With a four pass, $29-$59 With a season pass, depending on time of season, $37.25 With a TransFour card, $79 At the ticket window

Winter Park:
$24.75 With a four pass, $29-$59 With a season pass, depending on time of season, $42.25 With a TransFour card, $79 At the ticket window

Intrawest’s daily discount ticket price at King Soopers stores was unavailable Tuesday; it was $59 last year.

Source: Intrawest Corp.

The announced sale of publicly traded Intrawest Corp. to a private-equity firm could kick-start the privatization of Colorado’s ski industry - a trend that is occurring across other business sectors.

Intrawest, the owner of Copper Mountain and operator of Winter Park, agreed Friday to be acquired by New York-based Fortress Investment Group for $1.81 billion in cash and $992 million in assumed debt.

Last month, publicly traded American Skiing Co. said it is reviewing options for Steamboat ski resort, including a sale.

American Skiing is negotiating only with a private investor group led by Tim Mueller, the owner of Crested Butte Mountain Resort. Under a 2004 settlement involving a failed deal for the sale of Steamboat, Mueller has an exclusive right to negotiate with American Skiing until later this week. Mueller said Friday that negotiations will continue even after his exclusive period ends.

If the Intrawest deal is approved by shareholders and American Skiing sells Steamboat to a private company, Vail Resorts’ properties would be the last major ski areas in the state owned by a public company. Vail’s holdings include Vail, Keystone, Breckenridge and Beaver Creek ski resorts.

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Mainstreet will try and post about new snowfall, sunny days and what is going on in our backyard.