Now under new ownership, local government officials now need to decide whether to deem the ski area an official 'recreation district' and issue bonds to fund Cuchara's re-opening.
The new owners plans include a new hotel and conference centre, lake for summer recreation, mountain coaster, zip line and the resurrection of the centre's downhill skiing, halfpipe and tubing hill. A Colorado Springs based developer also plans to spend $7m on construction projects at the centre.
Cuchara is located about 110 miles from Colorado Springs and 190 miles from Denver.