Be a ski mogul for only $50 million

Sunlight Mountain Resort, just southwest of Glenwood Springs, is for sale and the potential for change to the small ski area and the surrounding area is enormous. Sunlight sits up a windy, close to capacity, two-lane road outside of town . It is one of Colorado's most affordable ski areas, with daily lift tickets that cost $39 this winter, compared with $78 at nearby resorts like Aspen. Although a narrow, rural valley, the land at Sunlight's base is zoned for up to 780 residential units and a retail village (small Snowmass Village anyone?). An adjacent 1,317-acre parcel is also for sale, along with water rights for substantial development.

Sunlight also holds U.S. Forest Service permits that would allow it to add 2,000-plus acres of skiable terrain.The ski area has been owned by a group of 32 investors since 1992. They decided last fall to sell the property instead of investing the more than $10 million needed to update its infrastructure. The listing price is $50 million.

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