Updated: 12/12/2013 11:25 AM |
Created: 12/11/2013 3:01 PM
By: Elizabeth Reed, KOB.com
Taos Ski Valley is being sold to billionaire conservationist Louis Bacon.
Chief executive Taos Ski Valley officer Mickey Blake says the ski area needs improvement, but that they don't have enough money for renovations. The ski area had been owned by the Blake family since they founded it in 1955.
According to the Taos News, the buyer has enough capital to buy new lifts, rebuild the base area and construct a hotel.
"It is a once-in-a-lifetime opportunity to be a part of this iconic ski area with its expansive mountain and the first-class team of professionals," said Bacon's spokesperson, Peter Talty. "Our mandate is clear and we are dedicated to advancing the Blake family vision and legacy of Taos Ski Valley, by continuing to provide an unmatched skiing experience while serving as an economic driver for northern New Mexico. Louis is honored that Mickey and his family approached him to be part of this tradition."
According to a press release, the sale of Taos Ski Valley will be "seamless" and no employees will lose their jobs.