Abandoned Elk Meadows Ski Area is up for auction. This charming local ski resort about 3.5 hours south of Salt Lake City went bankrupt In 2004,. Elk Meadows has remained closed ever since, but not without other developers taking a stab at ski area management.

CPB Development formed Mount Holly Partners LLC in 2006,and proclaimed big plans for the area including a $3.5 billion plan to turn the space into a Yellowstone Club-like facility with private homes and a golf course. Well, we know what happened to that model. Not only did the locals oppose such grandiose projections, but after receiving approvals from Beaver Zoning and Planning, the company still had other issues to deal with incuding a marketing and fraud scandal. Nothing ever materialized and Mount Holly Partners filed for bankruptcy protection this summer.

The 1,138 acres of recreational land 18 miles east of Beaver, Utah, is now on the auction block with bids starting at $1 million. The former Elk Meadows Ski Resort property peaks at 10,300 feet, has a 1,300 foot vertical drop, 36 trails, two lodges, six lifts, and nine condos. It has 420 skiable acres but backs up to some eye-opening backcountry routes in the Tushar Mountains.

Could someone perhaps turn this into the next Silverton? Skiing, snowboarding, snowmobiling, mountain biking, horseback riding, ATVing, fishing, hang gliding, and more are possible in the area. The suggested value of the property is more than $5 million. The auction deadline is Nov. 20, 2009.

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