Sleepy mountain town that's taking on glitzy Aspen as new skiing hotspot - where property is much cheaper
A sleepy mountain town in Colorado could soon be a serious rival to the more glamorous Aspen - and property is significantly cheaper. Snowmass Village, located just under nine miles from its famous neighbor in western Colorado, has been home to the Snowmass Ski Area since 1967. But it is currently undergoing a dramatic transformation thanks to a massive $1 billion development project, Wall Street Journal reported. The phased Snowmass Base Village development, spearheaded by developers East West Partners, Aspen Skiing Company, and KSL Capital Partners, is boosting the area with new upscale restaurants, shopping venues, hotels and residences.
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