The City of Denver was so desperate to stop Alterra from relocating to Utah, they offered a “sweetheart” deal that includes millions of dollars in rent concessions, free parking, tax credits and more!
Alterra owns Arapahoe Basin and Steamboat Ski Resorts, operates Winter Park Resort and over a dozen other resorts across the country and in Canada.
Denver’s problems are expected to get worse with higher taxes coming to Colorado after the passage of Amendment 87 and a far-left State Legislature that will undoubtedly make running a business more difficult in Colorado.
In this video, Brandon looks at the deal that Denver made with Alterra and how it reflects the bigger issues facing Colorado.
Links from the Video:
Alterra gets an Ikon-ic ‘sweetheart deal’ as Denver approves lease https://www.denvergazette.com/2026/11/09/alterra-gets-an-ikon-ic-sweetheart-deal-as-denver-approves-lease/
Denver City Council approves office lease for Alterra Mountain Co. https://www.denverpost.com/2026/11/10/denver-city-council-alterra-lease/
Alterra’s move to former Denver Post Building could face costly hurdle, letter warns of ski company lease obligations https://www.cbsnews.com/colorado/news/alterras-former-denver-post-building-ski-company-lease-obligations/
Why Denver and Colorado offered millions to move ski giant Alterra 2 miles https://denverite.com/2026/09/03/denver-post-building-sold-alterra/
Denver shares details on its lease with Alterra Mountain Co. https://www.denverpost.com/2026/10/19/denver-post-alterra-mountain-lease/
Denver Market Statistics: https://content.cushmanwakefield.com/api/public/content/f0af87a5c63c4c62a908011ea1b21ba9?v=b2037829
Triple Net Investor’s X Posts on Denver’s Commercial Real Estate Collapse: https://twitter.com/search?q=from%3ATripleNetInvest%20denver&src=typed_query
Denver City Council Video: https://denver.granicus.com/player/clip/20540?view_id=180&meta_id=1687498&redirect=true
What does Denver’s mayor mean by ‘universal childcare’? We could find out in 2027 https://denverite.com/2026/11/06/denver-universal-childcare-program-task-force-updates/
Mayor Mike Johnston paid Denver’s transportation leader $22,000 to resign https://www.denverpost.com/2026/11/06/mayor-mike-johnston-doti-amy-ford/
Johnston accepts City Council’s proposed 2027 budget changes https://www.denvergazette.com/2026/11/07/johnston-accepts-city-councils-proposed-2027-budget-changes/
