By Everett Potter

When hedge fund billionaire Louis Bacon bought northern New Mexico’s Taos Ski Valley (TSV) in December 2013, it baffled many in the ski world. Twenty miles outside the latter-day-hippie redoubt of Taos itself, TSV is arguably the least likely major U.S. ski resort to attract a highflier’s attention. It’s not a posh haven like Deer Valley or Beaver Creek but a none-too-chic outlier with an architectural hodgepodge of aging condos and ersatz alpine chalets. And its visitor base–it’s been drawing the same dedicated families for decades–likes it just the way it is.

Continue reading …