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Work continues Wednesday at the base of Steamboat Ski Area.

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Steamboat City Council confident in $21 million refinancing for base area

Hermacinski: "I’m a curmudgeon on this normally, but I’m ready to go for it."

If the base area sees sharper-than-expected drops in property values and no new construction in the next 19 years, Steamboat Springs could be on the hook for more than $2 million, according to the proposed $21 million refinancing package. That’s the worst-case scenario of the plan, which City Council expressed supported unanimously.

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