BRECKENRIDGE Real Estate Catches HEISMAN Eyes

Breckenridge Real Estate Catches Heisman Eyes

Breckenridge, Colorado  (November 16, 2007) -  Heisman trophy winner and former pro running back Eddie George, after being tackled for years in the NFL, has decided it's time to tackle the slopes and possibly real estate at Breckenridge Ski Resort. George was in Denver on Thursday to tape FSN PRO FOOTBALL PREVIEW and Thursday night George, family and friends arrived at Alpine Majesty Ski Haus on Peak 7, a luxury home currently listed in the MLS for $2,990,000. Eddie plans on doing a little skiing, but being a successful businessman, he is always interested in evaluating local real estate markets. 

"Breckenridge offers all the amenities of Vail and Aspen, but at a much more affordable price. Luxury was the missing element." stated George. "Now with what is going on at Peak 7, that's changing." Business acquaintances at the Hall-McNeer Development Group informed George of the impending build out in Summit County. "Anytime you hear the phrase ‘build out', it catches your attention. Quite simply, demand is about to exceed supply ... forever! This is a great opportunity to look at some of their projects and learn about the local economy." George added. Hall-McNeer's local projects include a 17 acre estate parcel at the base of Peak 7 currently listed with Ten Peaks Sotheby's, and The Legends, a luxury town home development in Frisco. 

"Nationally, real estate is struggling. Markets approaching build out are pretty much insulated and have historically proven to be safe havens for investment" said William McNeer.  While many communities across the country are struggling with foreclosures and home values in decline, Summit County is relatively stable with double digit growth this year. McNeer expects growth to slow over the next year due to the tight credit markets, but as build out approaches and lenders return, he expects that the local market will take off. Another factor to consider is the low dollar. When international buyers see bottoming action, there is a possibility they will step in and start buying real estate at destination resorts. "I do expect some opportunities will present themselves in the coming months and with current low interest rates, it would be wise to buy sooner rather than later. That's why a proven winner like Eddie is in town." added McNeer.

 In addition to the Heisman trophy, George won several NFL Rookie of the Year awards in 1996, and was the Tennessee Titans' starting tailback until 2003. Drafted in the first round by the Houston Oilers/Tennessee Titans, George owns virtually every franchise rushing record. He also led the AFC Champion Titans to Super Bowl XXXIV in 2000 as well as four consecutive trips to the Pro Bowl from 1998-2001. Eddie is also involved in many entrepreneurial endeavors, as well. He is founder and part owner of The EDGE GROUP and "Eddie's Sports Grill" in Columbus, OH, besides his investments in real estate and fashion. When pressed about his impression of Breckenridge, Eddie responded "Combine the views, proximity to Denver, the nice people and the incredible place we are staying and you can't help but be impressed."