After a year of sporadic negotiations, Denver and the Winter Park Recreational Association agreed in principle to renegotiate the association's lease with the city, which would give the city income of about $2 million a year.

Denver owns Winter Park/Mary Jane Ski Resort, which is operated by the recreational association. Last year, the resort had $3.7 million in profits on $31.4 million in revenues. Under a 100-year agreement signed by Mayor Bill McNichols in 1979, the city receives only $7,000 per year in rental fees from the association.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.