An Arizona development company listed 1,156 acres of undeveloped commercial land in and around the town of Rico for sale on Wednesday. Among the selling points listed are the potential to build Col…
An Arizona development company listed 1,156 acres of undeveloped commercial land in and around the town of Rico on the Western Slope for sale on Wednesday. Among the selling points listed are the potential to build Colorado’s next hot springs resort, room for future greenhouses to feed farm-to-table restaurants in the region, and 300 new homes and condos to supply a real estate market hungry for mountain properties.
Potential uses for the land, King said, include developing a landmark hot springs resort hotel on the Dolores River in downtown Rico, constructing up to 304 homes — either for-sale or for-rent — and tapping a geothermal reservoir known as the Rico Dome to heat greenhouses or other businesses. A buyer could also do a land exchange with the U.S. Forest Service, trading acreage near Rico for more valuable terrain the federal government owns near ski communities like Vail or Telluride.
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