The current operating model has not been working.

Senior-focused housing is our first objective. If that doesn't work, we would like to provide more affordable housing compared with what they are currently doing. There are all kinds of high-end condos. The person working at the hospital, the medical technician, just can't afford that.

We are just barely breaking even or losing a little money.

It will be a monumental challenge. That's why we want as many partners as possible to address this.

If we can get fifth or sixth we'll be doing well. There's no way we'll beat Aspen, Summit or Vail Mountain School, but if we can stay ahead of Battle Mountain, that'll be great. For a bunch of kids who train for two-and-a-half months out of the year, they do great, and I'm real proud of them.

When you're not a manager, what you produce is your value to the company. When you move into management, you're rewarded for making other people more productive rather than producing yourself. You need to redefine that measure of success so you don't get involved in production anymore.