eVille Times

Dec 15, 2025

Say What?

$1600 a month isn't exactly one helluva bargain, but in a fairly hot resort town like Steamboat, it's not bad.

I'll stay skeptical since it sounds a lot like "company housing", and I'm not going to give any billionaire any credit for suddenly developing some sense of altruistic do-gooder thing.

My default position is still:

Billionaires are parasites

And I won't be changing that until I see consistent, widespread, and ongoing evidence to the contrary.

Steamboat Springs billionaire buys new apartment complex and slashes rent to help curb housing shortage

Venture capital investor and Steamboat Springs resident Mark Stevens acquired the 104-unit Riverview apartment complex for more than $95 million and offered units for well below market rates

Landin Hutchison was ready. The minute the office at the Riverview apartment complex opened, he was there with money in hand. A month later, he and his partner, Piper Rillos, who works with special needs students at Sleeping Giant School, and their 2-year-old son were moving into a new two-bedroom apartment in downtown Steamboat Springs, paying a little over $2,100 a month .

“We are pretty much saving a grand a month and living in town now,” said Hutchinson, a construction worker who moved his family from a home near Oak Creek a half-hour away. “We feel very, very fortunate. There are a lot of people here who are super appreciative of this opportunity.”

There are more than 100 local residents like Hutchison and Rillos in the new Riverview apartment buildings who can thank the complex’s new owner, 970 Steamboat LLC, which spent $95.3 million on the Riverview apartment complex in September.

The two buildings — a 64,000-square-foot apartment building on about an acre and a 42,000-square-foot building on a half-acre — on the banks of the Yampa River were envisioned as luxury apartments before 970 Steamboat LLC bought the buildings and announced they would rent to working locals for below-market rate prices. The record-setting transaction equated to more than $916,000 per unit.

The apartments were offered a month ago at low rates to anyone working more than 30 hours a week in the valley. There are no income qualifications or requirements for applying through the local housing authority.

“It’s life-changing for these two,” said Kipp Rillos, a professor at Colorado Mountain College who raised Piper and her two siblings in Steamboat Springs, as he moved his daughter into her new home. “They might be able to find a way to stay.”

The Riverview project has a long and unsettled history in Steamboat Springs. A developer in 2004 first proposed a condo-canyoned village on the 5-acre riverfront parcel, with 70-plus luxury units, seven affordable homes, a hotel, commercial space and underground parking. The late-aughts recession deflated those plans and the project sat largely dormant until 2017.

A Chicago-based investment group that took over the project in the Great Recession listed the entire parcel for sale in 2018 at $31.9 million. But the parcel was sold off piecemeal, with single-family and duplex lots selling for about $1 million, and Natural Grocers and local restaurants buying commercial lots.

Gorman and Company built the apartment complexes last year, with a low-interest loan from the city’s short-term rental tax fund to include 11 workforce housing units. The deal gave the city 11 deed-restricted units out of the 104 units in the two buildings. Gorman and Co. has developed more than 800 affordable housing units across the high country, most of them in Routt and Summit counties.

Then in September, that 970 Steamboat LLC group — which filed organization documents with the Colorado Secretary of State in August — swooped in and bought the whole project.

But unlike the anonymous donor who gave $24 million in 2021 to the Yampa Valley Housing Authority to buy the 534-acre Brown Ranch for local housing and worked hard to conceal their identity, this acquisition is trackable in Routt County records.

The two parcels purchased by 970 Steamboat LLC list an ownership address in Menlo Park, California. The address is the office of S-Cubed Capital, a private family office investment firm founded and managed by billionaire investor Mark Stevens. Stevens and his wife, Mary, have lived in Steamboat Springs since 2020 and in 2021 they bought the 562-acre Strawberry Park Ranch north of downtown.

Stevens is an early investor in tech companies like Nvidia and a minority owner of the Golden State Warriors NBA team. Emails to him and his S-Cubed Capital offices in Menlo Park and Steamboat Springs were not returned. Mark and Mary Stevens in 2013 launched an ongoing philanthropic campaign by announcing they were joining the “The Giving Pledge,” a billionaire-driven philanthropic mission with members like Bill Gates, Ted Turner, MacKenzie Scott and Warren Buffett, to give away a majority of their wealth.

The Stevenses are among a growing number of billionaire investors focusing their urban-generated wealth on Colorado’s mountain towns. Billionaire Mark Walters, who owns the Los Angeles Dodgers, has spent several years buying commercial buildings in downtown Crested Butte. Billionaire energy baron Bill Koch built his own Western town for his art collection outside Paonia. Cable magnate Bob Fanch, owner of Devil’s Thumb Ranch in the Fraser River Valley, is developing hundreds of homes as well as commercial and community spaces in Winter Park. And there are somewhere around 80 billionaires who own homes around Aspen, where Chicago investor Mark Hunt has bought up large swaths of downtown.

“The folks we are trying to house do not have a decade”

A month after buying the Riverview project, 970 Steamboat LLC listed units for rent at prices well below market rates. The line formed quickly for studios renting for $925 a month, two-bedrooms for $1,600 and three bedrooms for $2,125. And aside from the 11 units previously set aside for city workers, there is no public subsidy for the apartments. The qualifications to rent are not tied to income or area median income charts, which have been skewed in mountain towns as work-from-homers relocate to rural communities. The only requirement for renting in Riverview is that tenants work in the community.

“Riverview serves the heart of the Steamboat community by providing true affordability for local workers. This is more than just a place to live in Steamboat, Riverview is about maintaining Steamboat’s culture, community, and connection (with) affordable housing for the neighbors who keep our town strong,” Kimball Crangle, the president of Gorman’s Colorado operations, said in an email. “The people who power this community deserve to live where they work and continue to make Steamboat thrive.”

In increasingly pricey mountain towns, where housing projects take many years to plan, approve and develop and often face stiff opposition from locals irked by density, could the acquisition of existing market-rate complexes become a model for swift answers to acute housing shortages in Colorado’s high country? Could one solution to the high country housing crisis be found in the benevolence of billionaires?

“Much of the high country is tired of growing inequities. Long-term solutions that arise from a home-grown concept will have success in moving forward,” said Crangle, who declined to discuss the ownership of 970 Steamboat LLC. “Conversely, plans that languish soak up the opportunity cost of time, public dollars and attention. In the meantime, that snowball just continues to gain speed while the years just keep ticking by.”

In Steamboat Springs, where voters last year rejected a Yampa Valley Housing Authority plan tobuild 2,264 homes on the Brown Ranch parcel the authority acquired with the anonymous donation, “speed of execution is probably the name of the game right now,” authority director Jason Peasley said.

“Taking something that is built or entitled or further along in the approval process is something we are looking hard at because of the fact that it can accelerate delivery,” Peasley said. “We have a big need right now and in the time it takes to go through the process of acquiring the land and planning the project and getting entitled and then building it … you can easily take a decade. The folks we are trying to house do not have a decade. They don’t even have a few years.”

The Yampa Valley Housing Authority last month began selling units in the Cottonwoods at Mid Valley complex from $266,000 to $464,000, offering the deed-restricted apartments for more than 50% below market rates. The 86-unit development, built with $10 million from the city’s short-term rental tax fund, has a list of more than 300 locals who had lined up to buy, Peasley said. It is the first large offering of for-sale affordable units in more than 20 years in Steamboat Springs.

“Our needs are running away from us and our ability to deliver is not keeping up,” Peasley said. “It’s exciting to see people stepping up with new ideas and different ways to execute. We need to hit this problem with an all-of-the-above strategy.”

Failing Maga

Two things we should never accept being in the same sentence:

Trump
Course correct

That doesn't mean he won't bluster about it. He's very good at pretending.

"I've decided to talk about affordability again because you idiots are finally ready to start maybe understanding the sheer brilliance of my very smart ability to do the weave in real time, and to do it with actual real world things like prices and shit. So there ya go ... just by talking about it for a few days, I've solved the problem, which wasn't really a problem - you're just too stupid to see it properly - the way I do ......... "

I think the guy is not long for the world. They've got him tinkering with his ballroom plans, fartin' around at the Kennedy Center, and touring with his "rallies".

IMO, he's not running the show. My guess is that Susie Wiles is in charge, and that she and Russ Vought are the actual power. Everything else is false fronts and window dressing.

MAGA leaders warn Trump the base is checking out. Will he listen?

Trump’s advisers say he is preparing to hold near-weekly rallies to spend more time with the base, but has faced criticism from within MAGA in the meantime.

As Donald Trump ate his crab cake lunch inside the White House last month, conservative pollster Mark Mitchell tried to explain that there was a disconnect between what the administration seemed to be focused on, and what Trump’s passionate base of supporters want to see.

“Sir, you got shot at the Butler rally,” Mitchell said, invoking the “really strong optics” of Trump raising his fist in defiance after the attempted assassination in July 2024.

“You said, ‘Fight, fight, fight.’ But nobody ever clarified what that means,” Mitchell continued. “And right now, you’re fight-fight-fighting Marjorie Taylor Greene, and not actually fight-fight-fighting for Americans.”

The head pollster at Rasmussen Reports warned Trump that many of his supporters believe he hasn’t “drained the swamp” in Washington, and suggested the president refocus with a plan to embrace “pragmatic economic populism.”

“To the extent to which we were talking about the economic populism message, he wasn’t as interested as I would have hoped,” Mitchell said, adding that it was a “long-ranging conversation.”

Mitchell’s critique echoes a growing chorus of faithful MAGA supporters who have begun raising concerns over what they see as Trump’s second-term shortcomings. In recent weeks, pockets of the president’s base — well-known for its unwavering dedication to Trump and his MAGA agenda — have accused the president of focusing too much on foreign affairs, failing to address the cost of living issues he pledged to fix, aligning himself too closely with billionaires and tech moguls, and resisting the release of more investigative files on the deceased sexual predator Jeffrey Epstein.

Across the conservative spectrum, a steady drumbeat of commentators have warned that Trump’s coalition is weakened, and the party is headed for defeat in November’s midterms elections. There are concerns that the base won’t show up over frustrations that Trump hasn’t pursued the MAGA agenda aggressively enough. And others worry economic concerns could threaten his standing with the independent voters key in next year’s midterms.

Trump’s top advisers have taken note of the criticism from within MAGA, and see it as part of the “cyclical” feedback the administration will receive throughout his term, as one senior White House official put it. Trump’s staff have planned for him to begin holding near-weekly rallies to tout his accomplishments after spending little time on the stump this year, two officials told The Washington Post, speaking on the condition of anonymity to detail internal conversations. But on his first stop of that effort, at a casino in Pennsylvania last week, Trump again mocked the word “affordability” and downplayed concerns about rising costs and inflation before acknowledging, “I can’t say affordability is a hoax because I agree the prices were too high.”

His advisers anticipate complaints from Trump’s base could even become “louder” as the midterms approach, but will subside as more of his policies take effect. Eventually, an adviser quipped, the cycle will restart with a new set of criticisms.

Chief among the recent critics has been Greene (R-Georgia), whose complaints led to Trump disavowing her last month and her subsequent decision to resign from Congress.

“I’m an early indicator — I’m like a bellwether,” said Greene, who stood by Trump during his political exile after the Jan. 6, 2021, attack on the U.S. Capitol, and has prided herself on being closely attuned to Trump’s base. “I say it, and then within four to six months, everybody’s saying the same thing.”

In an interview with The Washington Post, Greene said most of Trump’s longtime supporters still want to see him succeed, but “the base is jaded.” They know what they elected him to do, Greene said, and “they’re aware he’s not doing it.”

‘Driving 80 miles an hour at a brick wall’

Public polling has shown mixed signals about how much Trump’s support has slipped among Republicans. He maintains support from the vast majority of the party, though recent polling shows he has dipped below the GOP’s usual 90-percent approval mark. But Trump’s approval overall has lagged in recent weeks. It reached its worst with voters in late November and has ticked up slightly since, though it remains lower than at this point in his first term. An Economist/YouGov poll conducted this month found that 41 percent of Americans approve of the job Trump is doing, and 55 percent disapprove, a net improvement of five percentage points from the same poll a week earlier.

That apparent softness has coincided with some Republicans emboldened to push back against aspects of the Trump agenda, including last week, when GOP state senators in Indiana blocked a White House-led effort to redraw the state’s congressional maps. And on Thursday, 20 Republicans in Congress joined Democrats in another rebuke, supporting a bill that would overturn Trump’s executive order that limited union rights for federal workers.

What remains to be seen is whether that brewing dissatisfaction will grow, or if Trump can more aggressively focus on issues that quiet the discontent. Trump said Tuesday that his remaining three years in office amount to an “eternity” in “Trump time” to carry out his agenda.

Still, the chorus of supporters willing to speak out has become louder.

Mitchell was invited to the White House by Vice President JD Vance, who follows him on X and has communicated with Mitchell about polling in recent months. Before lunch with Trump, Mitchell met with Vance, White House chief of staff Susie Wiles and Secretary of State Marco Rubio. Mitchell is not part of the president’s political operation, but Trump’s advisers were interested in hearing his outside perspective, a White House official told The Post.

Mitchell said Trump listened to his concerns and asked questions, but eventually pivoted to one of his favorite conversation topics: golf. He gushed about two of his golf partners, Sen. Lindsey Graham (R-South Carolina) and Fox News host Bret Baier, both of whom are the subject of MAGA-faction ire. Trump also bragged about how much money he had raised during a golf fundraiser for Graham the weekend before, a day after he declared he was rescinding his support for Greene.

Conservative pollster Mark Mitchell says President Trump was more focused on golf than on policy at a White House meeting. (Demetrius Freeman/The Washington Post)
In an interview, Mitchell suggested that it would have been better for the administration to acknowledge early on that repairing the economy would take significant changes and would not occur overnight.

“The very first thing they shouldn’t have done is lower gas prices one dollar and then say, ‘The Golden Age is here,’ ” he said.

Greene also believes Trump is missing an opportunity to connect with his base on affordability. People “understand that it takes time to stabilize the economy,” Greene said, but they take issue with Trump’s claims that concerns about affordability are part of a “Democrat hoax.”

“No, it’s not, and the health care situation is serious. It’s dire, and Republicans are only just now taking it serious,” Greene said, referring to expiring health care subsidies that will cause insurance prices to surge for Americans enrolled in Affordable Care Act plans. “This is a country driving 80 miles an hour at a brick wall on Jan. 1,” when they expire, Greene said.

‘Punchy tweets, cool video edits … no follow through’

Savanah Hernandez, a conservative commentator who serves as a Turning Point USA contributor, described the second Trump term so far as “underwhelming,” while crediting Trump with making positive, lasting changes to the conservative movement.

She was among the influencers the White House assembled for an “Antifa Roundtable” with Trump in October to discuss how to stop a movement of far-left activists who have at times incited violence during protests. But on that and a host of other issues Trump’s base cares about — including the administration’s goal to deport more than 1 million illegal immigrants this year, which it is not expected to reach; accountability for what they believe were government agencies being “weaponized against” conservatives; and vows to make life more affordable — Hernandez said he has fallen short.

“All we’ve really seen is punchy tweets, cool video edits, but really no follow through on any of the promises,” she said of the messaging coming from the White House.

“And if he listened to his base and he was connected to us, even just through social media, you would see that the average person is still struggling to buy groceries, that the housing crisis is still on the mind of everybody, that inflation is still a really big issue, and when Americans see billions of dollars going overseas to any country, it really feels like a betrayal when we’re struggling here at home,” Hernandez said.

Two senior White House officials said Trump on nearly a daily basis is shown a range of feedback from MAGA commentators, including criticism about his performance. In a statement, White House press secretary Karoline Leavitt called Trump the “proud founder and undisputed leader” of MAGA, “the greatest political movement in American history.”

“President Trump is delivering on his core campaign promises across the board, keeping his word to the nearly 80 million patriots who elected him in a landslide, and fighting every day to make America greater than ever before,” she said.

Other MAGA-aligned voices downplayed the extent that critical voices within the movement are a warning sign. Jack Posobiec, a longtime activist and conservative media figure, described Trump’s performance as “light-years beyond” his first term.

“You will always have this sliver of people — it’s a very online group of people, a very active group of people, who would say they want more, they want more, they want more,” Posobiec said in an interview. “And I get that.”

Isabel Brown, another conservative podcaster, said the complaints from within MAGA are “a signal of a healthy conservative debate.”

Populist voices urge Trump to course correct

In Georgia, 36-year-old Jessie Meadows, a Trump voter who describes herself as “MAGA,” grew frustrated this year as prices remained high and the president responded dismissively to the push to release more files on Epstein. Her disappointment hardened as Trump attacked Greene and Rep. Thomas Massie (R-Kentucky), who also pushed for the files’ release. Trump’s online posts touting favorable polls and success bringing down inflation seemed like his own version of “fake news,” Meadows said.

She voted for Democratic candidates in November’s Public Service Commission elections in Georgia that flipped the seats from the GOP, and said that going forward, she will back candidates she considers “America First,” regardless of party.

“If I had known what Trump was going to turn into now, I would have stayed home,” Meadows said.

Many supporters like her have been turned off seeing what was once a full calendar of rallies in Middle America replaced with opulent events with business leaders, deal-signings with billionaires and travel to other continents. While meeting with Trump, Mitchell told the president his base of supporters wanted to see him “smash the oligarchy, not be the oligarchy.”

“Building billionaire-funded ballrooms and jet-setting around the world and trillion-dollar investment deals looks a lot like oligarchy stuff,” Mitchell told The Post.

Despite acknowledging Trump’s departures from his base on issues like foreign and tech policy, some top populist voices in his movement insist the president is course-correcting to win back support ahead of the midterms.

Trump “is pivoting into a much harder populist nationalist stance — on deportations, drug cartels, Third World fraud, tariffs,” said Stephen K. Bannon, his former adviser turned influential talk show host and operative.

“It’s only harder from here to November 2026,” Bannon, who has been outspoken against efforts by wealthy tech executives to influence Trump’s policies, told The Post. “Broligarchs didn’t sign up for the ‘wetwork’ of modern politics. They will be the first off the bus.”

MAGA influencers have cringed at some of Trump’s comments they view as out of touch with his base, especially his assertion on Fox News that the U.S. needs foreign workers because it does not have enough “talented people.” Not long after, Trump acknowledged that his base wasn’t happy with his decision to welcome foreign tech workers to the country, but said his poll numbers would instead go up with “smart people.”

Raheem Kassam, a British right-wing influencer living in Washington, who is editor of the conservative National Pulse, said his phone lit up with complaints when Trump made the poll comment.

“I’m just saying, listen to the people that elected you, because right now, apart from the deportation stuff, you’re not really connecting with them,” Kassam said.

In response to a request for comment from the White House, in addition to Leavitt, Vance provided The Post with a statement touting a reduction in the number of illegal immigrants in the country, Trump’s work with pharmaceutical companies to lower drug prices for some Americans, among other accomplishments.

“Is there more work to do? Of course there is,” Vance said. “And no one is more committed to doing it than the President of the United States and his team.”

Other Trump supporters said that while not everything has panned out as they hoped, they remained confident in the president.

“He is not a king,” said Jerry Ramsey, 81, from Marietta, Georgia. He can’t just say, ‘You gotta cut the price of a hamburger.’ Within another year, I think things will be rocking on pretty good.”