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Southern Ute Tribe buys stake in homebuilding firm


The Southern Ute Tribe of Colorado has purchased a 49 percent stake in a homebuilding company.

New Town Builders is ranked 16th on one list of large local homebuilders, The Denver Post reported. The firm had revenues of $53 million. in 2003.

The tribe's investment averts a buyout of the firm. Many local builders have been acquired by larger companies in recent years.

Get the Story:
Denver builder aided by tribe (The Denver Post 1/5)

Relevant Links:
Southern Ute Tribe - http://www.southern-ute.nsn.us

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