SAM Magazine--July 22, 2010--The beleaguered development of a new ski resort in Minturn, Colorado--Battle Mountain--has been downscaled even further. Originally, the Ginn Co., bought the land and planned for a world-class ski area, golf course, condos, second homes and retail space, all of which was approved preliminarily by the town council in early 2008.

In May of 2008, residents of this small mountain town between Vail and Beaver Creek voted 87 percent in favor of development of the private resort that would have featured approximately 1,700 homes and condos, an 18-hole golf course and a substantial ski resort.

In September 2009, after being hit hard by the recession, the Ginn Co. turned the project over to Crave Real Estate. Crave is a Canadian consulting firm part of Lubert-Adler, a private investment firm that was financing Ginn's plans for the resort.

With approvals, the resort might proceed as planned, but it will be minus the golf course, a hotel, much of the retail space and the 13 planned chairlifts have been reduced to five. \

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