Monarch sold for $5 million

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Denver - The Denver Post reports that the sale of Monarch ski area will close on Thursday, Nov. 7.

Post reporter Jason Blevins writes "The group of four main investors and six Chaffee County business people have bought 62-year-old Monarch for a little more than $5 million. The same group nearly reached a deal twice before in the last two years as it negotiated with Monarch's owners, investor Goodwin Gaw in Los Angeles and Hong Kong-based Melvin Choo."

For the full story, see http://www.denverpost.com/Stories/0,1413,36%257E33%257E970357,00.html