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“During the fall of 2011, we employed Ted Farwell at Winterstar Valuations to determine the market value of Welch Village Resort and to provide advice on the future development of the resort to balance the facilities for maximum utilization and value.
We were most pleased with the thoroughness of the effort, and the final report compilation. The results will provide a sound basis for future analysis of the business, and for determining the value for estate purposes. We strongly recommend Winterstar for their value to Welch Village and to the ski industry.”

Welch, MN

—  Leigh Nelson, President


United States Forest Service, USDA
Economic Development Administration, USDC
Area Redevelopment Administration, USDC
Farmers Home Administration, USDA
New Hampshire State Planning Project
New York State Office of Planning Coordination
Wyoming Economic Development Department
Canadian National Parks Service
Ministry of Culture & Recreation, Province of Ontario
Province of British Columbia
Travel Alberta, Province of Alberta
Atlantic Canada Opportunities Agency, Province of New
Federal Deposit Insurance Corporation
Resolution Trust Corporation
Washington State Parks & Recreation Commission
Moffat Tunnel Commission
Governor’s Office of Planning - State of Utah

US Department of Interior

US Fish and Wildlife

Mono County, CA

Park City Municipal, UT

Summit County Assessor

Summit County Commission

Town of Brian Head

US Postal Service

Research Park Administration

Basin Recration District

Appraisal Svc. Derectorate (ASD)

Heber City Municipal Corp.

Off. of Valuation Services (OVS)

Park City RDA


National Ski Areas Association
Midwest Ski Areas Association


Loon Mountain Recreation Corp.; NH
Waterville Company; NH
Madonna Mountain Corp.; VT
Burke Mountain Corp.; VT
Windham Mountain; NY
Mount Sutton, Ltd.; Quebec, Canada
Camp Fortune; Ottawa Ski Club; Quebec, Canada
Boise Cascade Co.; NC
Winter Park Recreation Assoc.; CO
L.T.V. Recreation Development; CO
Pleasant Valley Investment Co.; CO
The Woodmoor Corp.; CO
Jackson Hole Ski Corp.; WY
Mt. Ste. Marie, Ltd.; Quebec, Canada
Blue Mountain Resorts; Ontario, Canada
Aspen Highlands Ski Co.; CO
Attitash Ski Corp.; NH
Whitewater Ski Society; British Columbia, Canada
Medicine Bow Ski Co.; WY
Ski Roundtop Inc. (Now Snow Time Inc.); PA
Thredbo Ski Resort; NSW, Australia
Mt. Cook Line; Queenstown, New Zealand
Ski Venture, Inc., Snowshoe, W
Blackcomb Resort; B.C., Canada
Leisureland; Auckland, New Zealand
Skiing Louise Ltd., Lake Louise, Alberta, Canada
Sunshine Village Corp. Banff, Alberta, Canada
Moneda Management Inc., New Market, Ontario, Canada
Searchmont, Sault Ste. Marie, Ontario, Canada
Ski Wentworth, Wentworth Valley, Nova Scotia, Canada
Big Valley Co., Alta, WY
Fairfield Communities, Little Rock, AR
Camelback Ski Corp, PA
ARCO Real Estate, Los Angles, CA.
Powder Mountain Resort, UTAH
MIG Corp, Seattle WA
Taos Ski Valley, NM
Boyne West Inc
Ashford Hospitality Tust
Chester Upham Jr. Estate

Sundance Development Group

Talisker Development

Pivotal Group

Watts Corporation

Royal Street Corporation

Stein Ericson Lodge, Inc.

KEB Enterprises

Gardiner Development

Deer Valley Resort



Roynat Inc., Calgary Alberta, Canada
GEICO Financial Services Inc., Denver, CO
Colorado National Bank, Denver, CO
Occidental Nebraska Federal Savings & Loan, Omaha, NE
Central Bank, Grand Junction, CO
Hilco, Bedford, NH
First Interstate Bank, Laramie, WY
US Bancorp Mortgage Appraisal Services, Seattle, WA
Bank of America, Phoenix, AZ
First Interstate Bank of Nevada, Reno, NV
First Interstate Bank of Washington, Seattle, WA
Bay Bank, Harvard Trust, Boston, MA
Equitable Real Estate Investment Management, Inc., Denver, CO
Ontario Development Corp., Toronto, Ontario, Canada
Citibank Canada, Vancouver, British Columbia, Canada
AT&T Capital, Morristown, NJ
Bank of Boston, Boston, MA
Bank of Montreal, Banff, Canada
Fleet Bank, Boston, MA
NCW Community Bank, Wenatchee, WA
First Western Bank, Deadwood, SD
Wells Fargo Bank, California
Zions First National Bank, ID/UT
National Bank of Arizona, Phoenix AZ
Baker-Boyer Bank, Walla Walla, WA
Washington Trust Bank, Spokane, WA
Dubuque Bank & Trust, Dubuque, IA
Zions First National Bank, Salt Lake City, UT
San Diego National Bank
Bank of the West, Walnut Creek, CA.
Fifth Third Bank, Charlotte, N.C.
Northern Bank & Trust Co., Woburn, MA
First National Bank of Montana, Missoula, MT


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