DENVER-Denver may be the only city in the country that owns its own ski resort and Mayor Wellington Webb has no intention of selling it.

Instead, Webb is putting out a “request for qualifications” to private companies interested in pursuing a joint-venture partnership with the city to operate, maintain and develop the Winter Park ski resort. In doing so, Webb has rejected a task force recommendation that favors an outright sale.

The task force, which Webb set up better than six months ago, had wanted to solicit proposals for a sale or joint venture. But the mayor has decided to only pursue the joint venture route. Many on the task force favored an outright sale, which they estimated would net Denver at least $25 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.