The Land Report

Rockies 2018

The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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R O C K I E S 2 0 1 8 | The LandReport 73 LANDREPORT.COM "The good news is that much of our construc- tion will be done by the end of the year," Collins tells me. "We're doing what the members and b uyers said they wanted, and people are pretty understanding. Ultimately, they are getting the facilities that will make a great place even better." The new village core amenities will be centered around three new buildings being built near the Warren Miller Lodge and the base of the ski mountain. They will include ski lockers, a spa and fitness area, a market, underground parking, and two new restaurants. In addition to these community improvements, an additional 48 residential units with various floor plans and sizes are going up. "When we decided to add product, we introduced the nucleus village because many young families were looking to be in close [to the facilities] while older families were moving farther out," says Kisko. Ranch owners and single-family homeowners can always enjoy their quiet havens away from the heart of the village. On the other hand, they always have the opportunity to be part of the Yellowstone Club community in any way they see fit, whether it be using the lodge facilities and dining areas, attending one of the summer barbecues, or enjoying the club's New Year's Eve party. "There are people who come here and just want the privacy. That's what the ranch offers," says Bough. "Skiing was the main attraction for us, and since that time, we've also met a great group of amazing people who have become friends over the years. My kids have friends all over the country." As I grab breakfast in the Warren Miller Lodge one bright summer morning, people flow in and out. There's a casual vibe, an easygoing, informal air. Some are dressed to go fishing or hiking in Yellowstone National Park. For others, it's a day at the pool. "It's like the people here have Midwestern family values," says Collins "If you want to be seen, go to Aspen. If you want to be outside with your family, come here." Heck, maybe even buy a ranch here. But is it really a ranch? Clearly, we're not talking about traditional working ranches. There's no live- stock grazing or hay growing. Fay Ranches' founder Greg Fay gives me a great take on the club. Based in Bozeman, Fay Ranches built its reputation by specializing in recreational ranch properties throughout the Northern Rockies. Fay tells me that Yellowstone Club properties can be a great complement to those who also want a more traditional ranch experience. "Some of our clients who have bought remote ranches from us also want a higher amenity product with access to great restaurants and world-class skiing offered by the Yellowstone Club," he says. "We've sold several properties in the club, and they have clients that look over the hedge and want something in addition to their Yellowstone Club property, something more like a working or sporting ranch." Fay Ranches markets larger properties that average around 2,500 acres; they also tend to be more remotely situated. "Their product is distinctly different than ours. Our product is more of an adventure. You're more on your own. If you get a flat tire, you better know how to change a tire. The Yellowstone Club is a wilderness experience with a high level of service. The two products don't compete; they are very complementary," he says. For the Bough family, the amenities offered on-site the club made it a perfect fit. "I think the Yellowstone Club offers some really unique aspects that combine old Montana with new," Bough says. "For me, it's a really great combina- tion of the best parts of the Montana I grew up with and the new possibilities of Montana in the future." "I think the Yellowstone Club offers some really unique aspects that combine old Montana with new." — Loren Bough, Fifth-generation Montanan TONY DEMIN PHOTOGRAPHY

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