California team sinks money into Telluride | VailDaily.com
YOUR AD HERE »

California team sinks money into Telluride

Allen Best/Special to the Daily

TELLURIDE, Colo. – Joe Morita, the son of Sony founder Akio Morita, has new partners at Telluride. After discussions with several suitors, including long-time ski industry executive Andy Daly and the Aspen Skiing Co., Morita has chosen Chuck and Chad Horning, partners in a real estate investment firm based in Anaheim, Calif.

No changes are expected during this ski season, and it’s not clear what the new joint venture may mean for Telluride, says the Telluride Planet. Also unclear is how much real estate is included in the deal.

Morita in 1999 became a partner with Jim Wells and Ron Allred, who had been involved with Telluride since the 1970s. They eased out entirely in 2001, and Morita invested $14 million in the Prospect Basin expansion. Advisors urged Morita to rebalance his sizable international investment portfolio.



Booth Creek Ski Holdings, which operates six small ski areas, has managed Telluride in Morita’s absence. Chris Ryman, president and CEO of Booth Creek, is negotiating with the new joint venture on his company’s future involvement.

County resents wolves put into Yellowstone



RED LODGE, Mont. – In Colorado, governments are gearing up for when wolves released into the Yellowstone region in 1995 begin trotting into the state. In Montana’s Carbon County, located on the northeaster corner of Yellowstone, county officials are anticipating the de-listing of the wolf under the Endangered Species Act.

If de-listed, the wolves will come under state control. Like Wyoming, Carbon County wants the wolves considered as predators. The commissioners for Carbon County, a land of ranches with a ski resort among them, also have made clear their displeasure with the wolf reintroduction.

“The commissioners are expressing their displeasure with the federal government forcing wolves upon their land and beyond the control of the local citizenry” the county’s attorney, Kemp Wilson, explained to the Carbon County News. The commissioners cited impacts to farmers, ranchers, and big-game hunters.



Mears watch fob goes for $11,334

DURANGO, Colo. – Otto Mears, who stitched the San Juan Mountains of Colorado with toll roads and narrow-gauge railroads during the late 19th century, one year gave 31 watch-fob passes to friends, politicians, railroad executives and mine owners.

One of those watch-fob passes was recently sold on eBay for $11,334. The Durango Herald says the watch-fob was originally issued in 1890 to D.C. Hartwell, a founder of the town of Ridgway.


Support Local Journalism