The Wall Street Journal has dubbed the renewed interest in Taos Ski Valley real estate the “Bacon Bounce” as New York hedge fund manager Louis Bacon has purchased the ski business, promising to invest millions in the mountain.
Among those interviewed in Cecilie Rohwedder's article, “Can Hedge Fund Titan Turn Taos Around” were Peter and Wendy Trevisani, both fund managers at Thornburg Investment Management in Santa Fe who paid $750,000 for a three-bedroom condominium. Three other condos in the complex have sold at their asking price since the Bacon entry.
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