Taos Ski Valley upgrades increase area home values

TAOS, N.M. (KRQE) – Changes at Taos Ski Valley is upping the value of homes in the area.

The Wall Street Journal is reporting that the area is bouncing back following the purchase of the ski resort by billionaire hedge fund operator Louis Bacon.

Since the purchase, Bacon has moved forward with plans for new ski lifts and upgrades of other resort amenities.

Those renovations are already paying there’s been a spike in real estate prices in recent weeks, with many people anticipating a business boom.

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