Controversy continues over Pikes Peak ski area
- Details
-
Created on Thursday, 11 November 2010 16:49
-
Written by Dena Rosenberry
(Yeah, that's the east side of the peak. But it's the peak, with snow! I took it from Manitou High School. /Dena)
Looks like we'll be reporting again on efforts to open a ski area on the west side of Pikes Peak. It's a story that's been sitting on the back burner awhile.
Here's the latest twist of the tale, from the Associated Press:
BOULDER — Colorado securities regulators have ordered a man hoping to open a ski resort on Pikes Peak to stop offering investments in the project.
Colorado Securities Commissioner Fred Joseph says John Ball entered into a cease-and-desist order with regulators over investments in the proposed ski area on 320 acres on the west side of Pikes Peak. Ball is the CEO of the Resort at Pikes Peak, LLC, also named in the order.
Ball is the former chief executive of Boulder-based broadband company Eller Industries. He announced the project in 2008 and hoped to break ground by this year.
Joseph says Ball failed to properly register an investments opportunity in the resort offered on the Internet or advise investors about the risk of the real estate deal.
We've written about this idea over the years. Check out these links from The Gazette's archives:
