Steamboat briefs: Intrawest sells The Village at Squaw Valley, Panorama Mountain Resort
February 4, 2010
Steamboat Springs — Intrawest, the parent company of Steamboat Ski and Resort Corp., has sold two of its resort properties in the past week. On Friday, Intrawest sold The Village at Squaw Valley to Squaw Valley USA, the operator of the Lake Tahoe, Calif., ski resort. The European-style Village at Squaw Valley includes two condo-hotels, six restaurants, 20 retails shops and a full-service spa. The sale price was not disclosed.
On Jan. 28, Intrawest sold Panorama Mountain Resort in western British Columbia, to a group of local investors. The deal includes the resort's on-mountain and cross-country ski operations, a 50 percent stake in Greywolf Golf Course, all of Intrawest's commercial operations and lodging units in the village and land available for real estate development. The sale price was not disclosed.
Intrawest has been working to refinance debt and already has sold Copper Mountain in Colorado and two of its French resorts.
Hayden Council to discuss nuisance ordinance today
The Hayden Town Council is scheduled to meet tonight to consider the second reading of a nuisance ordinance.
The ordinance would allow the town to impose fines on residents who violate sections of Hayden Municipal Code relating to garbage and refuse, weeds and brush and alarm systems. Council members would have to formally adopt the ordinance at a future meeting.
The Town Council also will consider whether to approve the first reading of a five-year franchise agreement with Bresnan Communications to offer cable television.
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Council members also will decide whether to approve a $45,000 Great Outdoors Colorado grant that requires a $15,000 match to resurface existing tennis courts.
The meeting is scheduled to begin with staff and council member reports at 7 p.m. at Hayden Town Hall, 178 W. Jefferson Ave. The regular session is set to begin at 7:30 p.m.