Mt. Crested Butte, CO (Friday, July 26, 2002) - Fourteen lots closed Tuesday at Crested Butte Mountain Resort's (CBMR) ski-in, ski-out, Prospect development. Total sales equalled almost seven million dollars, the largest lot transaction in Gunnison County history.

"The people who bought at Prospect could have purchased mountain land anywhere in the state," said John Norton, President and CEO of the ski company, "but chose Crested Butte because they were tired of fighting the crowds at the interstate highway resorts, and because of the beauty of this property. On Colorado's western slope generally, and in Crested Butte in particular, people enjoy the sense of having gotten away from it all."

Not only does this lot sale represent the largest single transaction in the history of Gunnison County, but these lots are closing at an average price point never before achieved.

"As well, Prospect lot sales provide a critical source of funding for local land preservation groups by virtue of a pledge made by ownership. 4% of Prospect's gross land sales go towards open space preservation," added Norton.

Prospect at Mt. Crested Butte has only 38 single-family homesites in its first phase offering with prices ranging from $245,000 to $695,000 and an average parcel size of just over one acre.