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Hedge fund billionaire pledges $4 million for Colorado highway

Denver Post – A project to expand State Highway 9, which runs north through Grand and Summit counties, received a $4 million matching grant from the owner of Blue Valley Ranch. The announcement came during Tuesday’s meeting of the Grand County Board of Commissioners, who all voiced their support for the project.

The Blue Valley Ranch, located outside of Kremmling, is owned by billionaire hedge fund manager Paul T. Jones II of Greenwich, Conn. Jones previously donated $945,000 to kickstart the improvement project.

Total cost of the Highway 9 project is estimated by CDOT to be $46 million, which means the local match for the improvements would be approximately $9 million. With Blue Valley Ranch’s existing $945,000 donation and the $4 million matching grant, $4.3 million is needed to meet that goal.

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