In 2000, an experienced resort development team, led by Chuck Cobb, purchased the controlling interest in Durango Mountain Resort and partnered with the original developers, the Duncan family, to create the vision of a dramatically upgraded resort community. Mr. Cobb and his associates have extensive experience in resort operations and real estate development, particularly in alpine environments. Our shareholders include:
Charles E. (Chuck) Cobb, Jr., Chairman and Chief Executive Officer of Cobb Partners, has demonstrated a broad range of leadership experience in travel, tourism, resort and real estate development. During the 1960s, Chuck was Kaiser’s Group Executive in charge of Rancho California in southern California, the McCormick Ranch in Scottsdale, Arizona and other resort communities. During the 1970s, he was CEO of Arvida, the nation’s premiere resort community development company, which developed Boca Raton, Boca West, Sawgrass, Longboat Key, Weston, Cocoplum and Codo de Caza, among others. During the early 1980s, Chuck was COO of Penn Central and was in charge of Arvida resort communities, Six Flags Amusement Parks, Great Southwest Health Studios and other resort companies. In the mid-1980s, he was the Chairman and CEO of Disney Development Company and on the Board and Executive Committee of The Walt Disney Company. He oversaw Disney’s hotel and commercial development at Walt Disney World, Disneyland and EuroDisney near Paris, France. In the late 1980s and early 1990’s, he was President Reagan’s Under Secretary of Commerce in charge of United States’ activities relating to travel and tourism and President Bush’s US Ambassador to the Republic of Iceland. During the mid and late 1990s, Chuck was CEO of Cobb Partners, the Chairman of the Board of Governors of Fisher Island an upscale resort community in Miami, the CEO of Cobb Nevada Partners, Chairman of the Board of Kirkwood Mountain Resort in Kirkwood California (nearby Lake Tahoe), an investor and Board member of The Telluride Company the resort developer of the Telluride ski and golf resort, and the Chairman of Durango Mountain Resort. Mr. Cobb is a graduate of Stanford (BA, MBA).
James A. Coyne is President of Hera East Holdings LLC, a private investment firm primarily engaged in real estate development. Since 2007, he has been Vice Chairman and CFO of Stoneleigh Partners Acquisition Corp. (AMEX: SOC), a special purpose acquisition corporation and President of PLM International Inc, a transportation leasing company since 2001. Mr. Coyne was also Executive Vice President of Equis Financial Group from 1994 until 2005. From May 1993 through November 1994, he was with a private investment firm, where he was responsible for financing corporate and real estate acquisitions. Mr. Coyne began his career in 1982 with the accounting firm of Ernst & Whinney. He has a BS in Business Administration from John Carroll University, a Masters Degree in Accounting from Case Western Reserve University and is a Certified Public Accountant. Mr. Coyne serves on the Boards of several companies in which he and his affiliates have investments.
Gary D. Engle is Chairman and CEO of Hera East Holdings LLC, a private investment firm primarily engaged in real estate development. Since 2007 he has been Chairman of Stoneleigh Partners Acquisition Corp. (AMEX: SOC), a special purpose acquisition corporation and Chairman of PLM International Inc, a transportation leasing company since 2001. Mr. Engle was President and Chief Executive Officer of Equis Financial Group from 1994 until 2005. He purchased a controlling interest in EFG in December, 1994. From 1987 to 1990, Mr. Engle was a principal and co-founder of Cobb Partners Development, Inc., a real estate and mortgage banking company, with its main offices in Florida. From 1980 to 1987, Mr. Engle served in various capacities with Arvida Disney Company, a large-scale community real estate development company owned by the Walt Disney Company. Mr. Engle has an MBA from Harvard University and a BS degree from the University of Massachusetts (Amherst). Mr. Engle serves on the Boards of several companies in which he and his affiliates have investments.
John W. Temple, President and CEO of Temple Development Company. Temple Development is involved in numerous developments in South Florida including Florida Atlantic University Research and Development Park, and the Ocean Club (Key Biscayne). Prior to the creation of Temple Development, Mr. Temple served as President of Arvida/Disney and Kaiser Real Estate Development. Mr. Temple has worked on real estate related business activities in partnership with Ambassador Charles E. Cobb, Jr. for over 30 years. Mr. Temple is a graduate of Stanford where he received his MBA after completing a BA in mathematics at the University of Washington. He is on the Board of Directors of DMR, KMR, Florida Member of the Board of Governors for the State University System of Florida, Orleans Homebuilders - a public company, Connterre - a private company doing joint ventures in real estate development.
Duncan Family. The Duncan Family, the original developers and operators of Purgatory Ski Resort, remain minority partners in Durango Mountain Resort and its various resort and real estate ventures. They bring over 40 years of institutional knowledge of the history and operations of this mountain resort to the ownership group ... and a passion to see the resort grow and prosper. Duncan Family members have various expertise in other business entities, including oil and gas, real estate and related ventures.