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![handle is hein.congrecreports/crptxaahw0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
GP
Calendar No. 58
115TH CONGRESS SEAEREPORT
1st Session SENATE 115-45
CRAGS, COLORADO LAND EXCHANGE ACT
MAY 9, 2017.-Ordered to be printed
Ms. MURKOWSKI, from the Committee on Energy and Natural
Resources, submitted the following
REPORT
[To accompany S. 280]
[Including cost estimate of the Congressional Budget Office]
The Committee on Energy and Natural Resources, to which was
referred the bill (S. 280) to authorize, direct, expedite, and facili-
tate a land exchange in El Paso and Teller Counties, Colorado, and
for other purposes, having considered the same, reports favorably
thereon without amendment and recommends that the bill do pass.
PURPOSE
The purpose of S. 280 is to authorize, direct, expedite, and facili-
tate a land exchange in El Paso and Teller Counties, Colorado.
BACKGROUND AND NEED
Emerald Valley Ranch has a colorful history, with improvements
at the site dating back nearly 100 years. Spencer Penrose devel-
oped many of the existing buildings at Emerald Valley after he ac-
quired the original cabin in 1923. After Penrose's death, the build-
ings were operated as a camp by the YMCA, Boys Scouts, and
other non-profit groups. Starting in the 1970s, the buildings were
operated by the Turley Family as the Emerald Valley Guest Ranch.
Broadmoor Hotel, Inc., acquired the buildings from the Turley
Family in 2012. In October 2012, the U.S. Forest Service (USFS)
issued a 20-year special use permit to operate and maintain Emer-
ald Valley Ranch as a guest ranch. Since issuance of the special
use permit, Broadmoor Hotel, Inc., has invested in significant up-
grades and improvements throughout the resort.
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