The Grand Junction Daily Sentinel: A win for outdoor rec
Author: The Grand Junction Daily Sentinel Editorial Board - November 1, 2018 - Updated: November 1, 2018
Since acquiring Powderhorn in 2011, the ownership group consisting of Andy Daly and the Gart brothers has embraced a vision that what’s good for the Grand Valley is good for the ski resort.
Put another way, giving people an affordable mountain experience, be it on skis or on a mountain bike, adds to the quality of life and helps feed the burgeoning outdoor recreation economy.
But significant investment in the ski operation took a toll when the entire state suffered through the worst ski season in 40 years last winter. Meeting capital calls on thin revenues put the resort in a tough position. The group needed investors, but the right kind — investors willing to buy into the vision that a rising tide lifts all boats.