400 million for a state run ski area seems like a pretty big deal to me. Its not a huge ski area, or one that has massive skier visits.
We'll see what happens
Remember, Belleayre isn't Vale, or Stratton, or Aspen, the land around it really isn't worth that much, so they are going to have a very hard time building houses that people are going to drop ehh I'm gonna say 500,000+ on.