Colorado's mountain resort towns see record summer sales-tax revenues
Last Updated: 45 days ago
DENVER - Resort towns across Colorado's high county reported record sales-tax revenues and visitor spending this past summer.
Not only are visitors returning to mountain playgrounds after a few years of economic malaise, they are spending more. The surging flow of cash is revealing summer as the new powerhouse in ski towns.
"Summer is a great place to expand our horizons," said Dr. John Warner, the dentist-mayor of Breckenridge, where this past summer's four-month sales-tax receipts reached an all-time high.
Telluride, Aspen and Vail joined Breckenridge in harvesting record retail sales-tax revenue over the summer. Winter Park and Steamboat Springs reached five-year high points, returning close to even with the freewheeling heydays of 2007 and 2008, before the recession stifled spending.
In Steamboat, the rebound of the real-estate market fueled the sales-tax spike with the return of second-home owners, the workhorses of most high-country economies.
Read more about the other industries reporting higher profits from our partners at the Denver Post: http://www.denverpost.com/business/ci_24390353/resort-towns-see-summer-sales-tax-revenues-hit#ixzz2ixbeaHS2