Louis Bacon is the founder and CEO of the hedge-fund company, Moore Capital Management, and has owned property at Taos Ski Valley since 1966. The Blake family sought out Bacon and thought him to be the right person to purchase Taos Valley.
The Ski Channel got the inside scoop and spoke to Taos Ski Valley publicist, Stefanie Jones, specifically about the transition of the ownership of Taos Ski Valley. We asked how the staff and ski community reacted to the announcement, “Its bittersweet, its such a good thing for the mountain and its exciting. Especially for our loyal skiers because there will be such great improvements being done to the mountain. It was not a surprise or shock that this happened, it was just a matter of when it was going to happen”. She stated about new owner, Louis Bacon that “Louis is no stranger to Taos Ski Valley, he has been apart of the community for so long. He has the financial resources to make major improvements, such as a renovation plan at the base, creating greater access to ski slopes. He also plans on making these improvements quickly, which is good”.
Jones states that “The Blake family will always be a huge part of Taos Ski Valley and now it gives Mickey Blake time to do the things he has always wanted to do and pursue what he is interested in”.
All employees will be keeping their current jobs and the Blake family will remain on the Board of Directors for Taos Ski Valley. The future of the ski resort seems to be in good hands as the new ownership plans on embracing the Blake’s traditions and keep the legacy of skiing at Taos Valley alive.