2B will work for a broad set of the economy both vacation based and the rapidly increasing location neutral segment of our population that needs air access. Younger people are definitely still interested in owning here in fact it seems like we have seen a moderately strong shift in that direction. They also make up a large portion of the location neutral workers.
As for 2B being a subsidy, it is more of an enabler that is paid for about 50% by tourists and 50% by our community that benefits from the amenities they fund and the jobs they provide.
I don't think these guys have this kind of money and at the same time are clueless enough to pay retail, optimistic retail value at that without even considering it is distressed. $28M is $423 per sq ft, it would be a very good sign for the market if they can sell it for that.
What is likely is that since they own the note they can bid whatever they would like and don't actually have to pay it since it is the equivalent of the bank bidding on their own note at a foreclosure auction. No money changes hands, now they just own the property instead of the note. The side benefit is they put the message out there that they paid this amount for the property thus implying it is worth more which is somewhat cunning. Even at $18m this one was really thin and word is they paid well north of $20M for the note. They sure didn't price in much risk or time value of money. Will be interesting to see this one play out.
Avoiding the downside of losing more flights is more than worth it and this gives us a credible path forward to regain seats. Nothing is a guarantee in life except this this case we know we would lose further seats if addl funding was not secured.
steamboatsprings 1 year, 6 months ago on Injured hunter rescued in 'spectacular' mission
Injured hunter rescued in 'spectacular' mission
Great job Search and Rescue! They are the unsung heros of our area.
steamboatsprings 1 year, 6 months ago on Year of Routt County skiing is no easy task for local
Year of Routt County skiing is no easy task for local
Well done! I love it!
steamboatsprings 1 year, 6 months ago on Rex Brice prepares to open 5th restaurant in Steamboat
Rex Brice prepares to open 5th restaurant in Steamboat
Congrats and Thank you Rex! We will look forward to having another great place to go. Can't wait to see and sample the menu.
steamboatsprings 1 year, 6 months ago on Ralph Cantafio: Referendum 2B solves nothing
Ralph Cantafio: Referendum 2B solves nothing
2B will work for a broad set of the economy both vacation based and the rapidly increasing location neutral segment of our population that needs air access. Younger people are definitely still interested in owning here in fact it seems like we have seen a moderately strong shift in that direction. They also make up a large portion of the location neutral workers.
As for 2B being a subsidy, it is more of an enabler that is paid for about 50% by tourists and 50% by our community that benefits from the amenities they fund and the jobs they provide.
steamboatsprings 1 year, 6 months ago on On the Market: Foreclosure on Trailhead is concluded this week
On the Market: Foreclosure on Trailhead is concluded this week
I don't think these guys have this kind of money and at the same time are clueless enough to pay retail, optimistic retail value at that without even considering it is distressed. $28M is $423 per sq ft, it would be a very good sign for the market if they can sell it for that.
What is likely is that since they own the note they can bid whatever they would like and don't actually have to pay it since it is the equivalent of the bank bidding on their own note at a foreclosure auction. No money changes hands, now they just own the property instead of the note. The side benefit is they put the message out there that they paid this amount for the property thus implying it is worth more which is somewhat cunning. Even at $18m this one was really thin and word is they paid well north of $20M for the note. They sure didn't price in much risk or time value of money. Will be interesting to see this one play out.
steamboatsprings 1 year, 6 months ago on Tom Ross: Deciphering the Steamboat Springs election vote
Tom Ross: Deciphering the Steamboat Springs election vote
Just smoke your brain way Scott, Tom has some thoughtful comments but you "just know" the truth despite the facts
steamboatsprings 1 year, 6 months ago on Steamboat House of Bounce seeks to fill indoor activity niche for kids
Steamboat House of Bounce seeks to fill indoor activity niche for kids
Thank you for a great addition to Steamboat! We will be there with friends this weekend to check it out.
steamboatsprings 1 year, 6 months ago on Savvy campaign allows Referendum 2B to defy anti-tax logic
Savvy campaign allows Referendum 2B to defy anti-tax logic
Avoiding the downside of losing more flights is more than worth it and this gives us a credible path forward to regain seats. Nothing is a guarantee in life except this this case we know we would lose further seats if addl funding was not secured.
steamboatsprings 1 year, 6 months ago on Savvy campaign allows Referendum 2B to defy anti-tax logic
Savvy campaign allows Referendum 2B to defy anti-tax logic
Well done everyone!
steamboatsprings 1 year, 6 months ago on Kaminski breezes past Fielding and Levin for at-large City Council seat
Kaminski breezes past Fielding and Levin for at-large City Council seat
Great News Kevin! We appreciate you stepping up to work on the issues that face us.