The mountain hamlet of Crested Butte, Colorado, covers less than a square mile and, at an elevation of nearly 9,000 feet, it is taller than it is wide. So when a Chicago-based billionaire began quietly buying up its historic buildings, residents took note. “I was alarmed that someone would come in and buy up so much commercial property in the community,” former Gunnison County Commissioner Jim Starr told The Daily Beast. “That had not happened.
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