Echo Mountain, CO. Skier: Trevor Gagstetter Photo: Casey Day

Echo Mountain ski area filed for bankruptcy in February 2016.

Echo Mountain is the closet ski area to the Denver Metro area – you can actually see Denver from the hill. It’s only 40 minutes west of Denver, CO.

A 27-year-old University of Denver alumni, Peter Burwell, is currently under contract to buy the struggling ski area for $3.8 million. Echo Mountain has been searching for a buyer since April 2015.

Peter Burwell is the son of Rod Burwell, a Minnesota philanthropist who owned several Aspen, CO hotels. Rob Burwell died last year. Peter Burwell is the CEO of Burwell Enterprises, which operates a wide array of businesses.

Court documents state that the sale price would pay back all the secured and unsecured creditors to Echo Mountain.

The sale will include all 226 acres of the ski area as well as all the facility’s equipment such as snow cats, snowmaking equipment, and the chairlifts.

Any sale would have to be approved by the bankruptcy court.