Posted inBusiness, Crime and Courts, News

Investors behind Idaho Springs gondola say they’re victims of fraud, sue loan broker and escrow agent

The investment group planning a gondola-anchored resort village at Idaho Springs’ long dormant Argo Mill is suing a loan broker and escrow company, arguing they are victims of a comprehensive fraud scheme. The 55-investor Mighty Argo Cable Car Group in August 2020 deposited $4.5 million into an escrow account with Virginia-based First Title Inc. That […]

Posted inBusiness, Coloradans, Environment, Outdoors, Water

Old mining shacks are becoming backcountry ski huts in Colorado’s high country

ALMA — As the skiers approached a century-old mining shack in a clearing, views of the wind-ravaged slopes below London Mountain and Mosquito Peak emerged through the trees.  “Anyone see anything that concerns them?” asked ski guide and avalanche educator Abe Pacharz, waiting for someone to point out recent avalanches on the flanks of the […]

Posted inBusiness, Coloradans, Culture, Environment, Growth, News, Transportation

“Mighty” gondola plan for Idaho Springs would anchor redevelopment of historic Argo Mill & Tunnel

IDAHO SPRINGS — Intrepid miners more than 125 years ago carved a nearly 5-mile tunnel into the mountains here to collect and mill gold valued at more than $1 trillion. Those hardy miners are long gone, and the Argo Mill hasn’t processed gold for more than 75 years. But that audacious entrepreneurial spirit is alive […]