{"id":24594,"date":"2024-12-01T05:00:00","date_gmt":"2024-12-01T12:00:00","guid":{"rendered":"https:\/\/dh.durangoherald.com\/tj\/in-silverton-a-developer-saw-unmined-potential-then-he-was-elected-mayor\/"},"modified":"2026-03-31T04:56:29","modified_gmt":"2026-03-31T04:56:29","slug":"in-silverton-a-developer-saw-unmined-potential-then-he-was-elected-mayor","status":"publish","type":"post","link":"https:\/\/dh.durangoherald.com\/tj\/in-silverton-a-developer-saw-unmined-potential-then-he-was-elected-mayor\/","title":{"rendered":"In Silverton, a developer saw unmined potential. Then he was elected mayor"},"content":{"rendered":"\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=3b927dd1-2a0d-538b-bd36-5e46da20114b&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"1273\" alt=\"Silverton, population 700, was once a bustling mining town. Its residents, in the early 2020s, began wrestling with the question every developing mountain town destination faces: Who belongs here? (Jerry McBride\/Durango Herald)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">Silverton, population 700, was once a bustling mining town. Its residents, in the early 2020s, began wrestling with the question every developing mountain town destination faces: Who belongs here? (Jerry McBride\/Durango Herald)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><p>SILVERTON \u2013 Shane Fuhrman\u2019s social media presence would stoke the coals of envy in any skier who longs for snowy bliss.<\/p>\n<p>His Instagram page features high-resolution footage of Fuhrman, the former mayor of Silverton, with a wide, beguiling smile painted across his face as he tucks his knees and slashes through blower powder, leaving a curtain of snow behind him.<\/p>\n<p>The content strikes at the core of what draws people to Silverton \u2013 the nostalgically antiquated town ensconced within craggy, snow-laden peaks. Silverton was once the nucleus of a mining frenzy in the San Juan Mountains. Today, the area is a sort of holy grail for winter outdoor enthusiasts.<\/p>\n<p>What many of Silverton\u2019s 700 residents would learn is that the chic, modernly sensible image the mayor presented of himself online \u2013 the picture of him, arms akimbo sporting a boyish grin next to a heading calling himself \u201cSilverton\u2019s new generation of leadership\u201d \u2013 was not all that it seemed at first blush.<\/p>\n<p>Although a slim majority of Silverton voters would come out in support of Fuhrman when he ran for office in 2020, not everyone bought the idea that he was just a causeless outsider who had arrived and fallen in love with Silverton\u2019s seemingly endless supply of white gold.<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image naviga-align-left alignleft\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=ecb4221f-0b51-5bed-8955-09af67f76b00&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"1467\" height=\"2156\" alt=\"Shane Fuhrman, former mayor of Silverton, ran for office a few years after he moved to town. His vision to develop the town into a monied vacation destination, written in 2016, did not sit well with some residents. (Jerry McBride\/Durango Herald)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">Shane Fuhrman, former mayor of Silverton, ran for office a few years after he moved to town. His vision to develop the town into a monied vacation destination, written in 2016, did not sit well with some residents. (Jerry McBride\/Durango Herald)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><p>Unbeknownst to most residents at the time, the future mayor in 2016 had written a prospectus soliciting investments titled \u201cThe Selwyn.\u201d In it, Fuhrman proposed to transform this quaint mining town into a burgeoning vacation destination, replete with craft cocktail bars, natural food markets and home goods stores as part of an effort to boost desirability, and with it the price of real estate.<\/p>\n<p>Silverton was \u201cstrikingly similar to Telluride 20 years ago,\u201d Fuhrman wrote in the prospectus. He saw it as his \u201cmission\u201d to push Silverton 20 years forward. Three years after writing that, he was elected mayor.<\/p>\n<p>Today, he dismisses the document. In emails to the <em id=\"emphasis-7626267dbd2a571d7a7639b02c617f5a\">The Durango Herald<\/em> Fuhrman called it \u201chighly broad,\u201d and said it was a prospectus he \u201ccreated but never pursued.\u201d<\/p>\n<div class=\"naviga-scoreboard\">\n<h4 class=\"scoreboard-title\">About this story<\/h4>\n<p>This story is the first in a two-part series about Silverton and how the town pursued strategic, affordable growth as then-Mayor Shane Fuhrman pursued capital investment to fund development. Over the course of eight months, <em id=\"emphasis-8687dc4c8eaa182c969f3ee766c69d28\">The Durango Herald<\/em> reviewed dozens of public meetings, financial filings with the state and federal governments, real estate transactions, emails and other documents. The <em id=\"emphasis-e577041dec5d274c52f19377e1e96900\">Herald <\/em>also interviewed approximately 25 people with knowledge of Silverton, the operations of town government during Fuhrman\u2019s tenure and Fuhrman\u2019s business interests. Part two will appear Wednesday.<\/p>\n<\/div>\n<p>During his four-year term, the developer raised $1.9 million for projects in Silverton and used the money to purchase developable land and buildings along the town\u2019s main drag. To some, it appeared Fuhrman had found a springboard from which he could launch his development dreams.<\/p>\n<p>\u201cI can\u2019t say straight out that\u2019s why he done it, but the assumption out there by, I want to say 90% of people or better, is that\u2019s what happened,\u201d said Gilbert Archuleta, the volunteer fire chief and former town public works director who ran against Fuhrman for mayor in 2020.<\/p>\n<p>Fuhrman declined to speak with a reporter for this story but answered some questions by email.<\/p>\n<p>He wrote in an email to the <em id=\"emphasis-8b89678d918b0ef2d11a3ce2edb4598c\">Herald <\/em>that land and buildings he purchased before and during his term were not connected to the Selwyn investment proposal. Rather, he said, they were \u201cindependent real estate investments aligned with my commitment to thoughtful investment and development.\u201d<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=cf8e8dff-0907-5ee8-a30a-fa6bed82a844&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"1500\" alt=\"Former Silverton Mayor Shane Fuhrman, center, cuts the ribbon at a ceremony in April 2024 celebrating the annexation of an affordable housing development into town limits. (Courtesy of the town of Silverton)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">Former Silverton Mayor Shane Fuhrman, center, cuts the ribbon at a ceremony in April 2024 celebrating the annexation of an affordable housing development into town limits. (Courtesy of the town of Silverton)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><div class=\"naviga-element naviga-subheadline1\">\u2018A community that\u2019s very vulnerable to investors\u2019<\/div>\n<p>In the late 19th century, prospectors discovered and mined tons of copper, gold, silver, lead and zinc-bearing ore from the San Juans; just over a century later, Fuhrman saw unmined potential of another kind.<\/p>\n<p>The Colorado-born lawyer had gone to school in New York and practiced law at a Park Avenue firm before he moved to Silverton. And that didn\u2019t sit well with his opponents.<\/p>\n<p>\u201cThey try to make him out to be \u2026 a city boy, you know? That was one of the attacks against him too,\u201d said Klem Branner, owner of Silverton-based Venture Snowboards and a friend of the former mayor. \u201c\u2026 They just came up with all these B.S. stories to try to smear him.\u201d<\/p>\n<p>Silverton was, by most accounts, in a moment of reckoning around how to grow without pricing out the lower-wage workers who bus tables, tend bar and otherwise keep the tourism economy humming along. It was a moment most Colorado mountain towns had already experienced.<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=cb24ffef-d62c-5aca-8215-9cf916595a4e&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"1428\" alt=\"\u201cIt\u2019s a community that\u2019s very vulnerable to investors,\u201d said Gilbert Archuleta, Silverton\u2019s volunteer fire chief and former town public works director who ran against Shane Fuhrman for mayor in 2020. (Jerry McBride\/Durango Herald)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">\u201cIt\u2019s a community that\u2019s very vulnerable to investors,\u201d said Gilbert Archuleta, Silverton\u2019s volunteer fire chief and former town public works director who ran against Shane Fuhrman for mayor in 2020. (Jerry McBride\/Durango Herald)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><p>\u201cIt\u2019s a community that\u2019s very vulnerable to investors,\u201d Archuleta said.<\/p>\n<p>For years, the town had seen little development.<\/p>\n<p>\u201cI didn\u2019t feel like it was on the precipice of anything except for what it was,\u201d said Jared Boyd.<\/p>\n<p>Boyd was a Silverton resident in the early 2000s who left and returned in 2013. He moved for good in 2020 as he watched the unfolding of development that appeared unpalatable.<\/p>\n<p>Few Silvertonians wanted to stop time.<\/p>\n<p>In 2020, the town kicked off the Compass Project master planning process. The initiative, spearheaded by the mayor, would establish a common vision for Silverton\u2019s growth over the next 10 years. The process yielded impressive buy-in from the town\u2019s residents. The final product recognized the need for, among other things, responsible development.<\/p>\n<p>\u201cMost of the community is not overtly opposed to intentional community minded development,\u201d the document, completed in 2022, says. \u201cMost people recognize that Silverton will continue to grow and change; it\u2019s not a question of if, but how.\u201d<\/p>\n<p>As the Compass Project was being discussed and written, Fuhrman was pursuing investments and development that appeared to align with the vision laid out in the Selwyn, according to interviews with community members and records of Fuhrman\u2019s business dealings. He had envisioned a future in which the high per-square-foot price of real estate was seen as good for profits, rather than bad for affordability.<\/p>\n<p>The Compass Project is a \u201ctrue reflection of the majority opinion\u201d on what the town wanted to be when it grew up, said DeAnne Gallegos, executive director of the Silverton Chamber of Commerce.<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=6b8a1733-5868-5fe7-a6de-7a71ac0e4023&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"1423\" alt=\"In April 2020, when Shane Fuhrman arrived as mayor to Silverton Town Hall, the community was beginning an active conversation about how it would manage sustainable growth. (Jerry McBride\/Durango Herald)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">In April 2020, when Shane Fuhrman arrived as mayor to Silverton Town Hall, the community was beginning an active conversation about how it would manage sustainable growth. (Jerry McBride\/Durango Herald)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><p>If the Compass Project contained the community\u2019s consensus on Silverton\u2019s future, Telluride was an actualized example of what many in the town hoped to avoid. It was also the one Fuhrman had planned to emulate, according to the 2016 Selwyn prospectus with which he had hoped to solicit $15 million in capital to kick-start the transition.<\/p>\n<p>\u201cSilverton, Colorado, bears a striking resemblance to Telluride, Colorado, 20 years ago, and is on the cusp of significant growth as a community and adventure vacation destination,\u201d he wrote in the Selwyn. \u201cWe will purchase, renovate\/develop, and manage key commercial, mixed use, and residential properties in a concentrated area of downtown Silverton, Colorado.\u201d<\/p>\n<p>The town, it seemed, had unmined potential. And that potential looked to Fuhrman, at least at one time, a lot like Telluride.<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=aadc3b1a-62de-549f-affb-99d4ec9e9a09&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"1271\" alt=\"Confined by wetlands, federal land and intimidating peaks, Silverton has a dearth of developable land and a defined need for affordable housing. (Jerry McBride\/Durango Herald)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">Confined by wetlands, federal land and intimidating peaks, Silverton has a dearth of developable land and a defined need for affordable housing. (Jerry McBride\/Durango Herald)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><div class=\"naviga-element naviga-subheadline1\">A tale of two towns<\/div>\n<p>Telluride and Silverton are a tale of two towns.<\/p>\n<p>Both were settled by miners in the 19th century when a lust for precious metals drove development throughout the San Juans. The towns sit just 10 miles apart as the crow flies, separated by a mountain pass that tops out near 13,000 feet.<\/p>\n<p>As mines shuttered throughout the mid-1960s and \u201970s, developers steeped Telluride in big money, setting it on a course to become a pricey winter haven for the uber-wealthy.<\/p>\n<p>Soon, the Telluride workforce had been largely priced out of the canyon.<\/p>\n<p><a href=\"https:\/\/townofmountainvillage.com\/media\/2018-San-Miguel-County-Housing-Needs-Assessment-Study.pdf\" id=\"link-5ebfb179fb2668c9abb59ddfc508faba\" target=\"_blank\" rel=\"noopener\">A 2018 housing needs assessment<\/a> conducted in San Miguel County made clear that most of Telluride\u2019s business owners struggled to hire staff because of the lack of attainable housing and long commutes between the town and more affordable nearby communities.<\/p>\n<p>Silverton, by contrast, never saw a post-mining resurgence quite like its neighbor over the pass. The town\u2019s population faltered, from a high of over 3,000 around 1905, to its current population of around 700.<\/p>\n<p>In the summer, a rustic train once used to haul gold and silver ore now dumps thousands of tourists in the heart of the town daily. In the winter, the economy falls dormant, save for a cadre of loyal patrons who flock to the appropriately amenity-sparse Silverton Mountain.<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=bce515e4-69b9-5114-a9e5-82b1fb9bd977&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"1600\" height=\"1035\" alt=\"In the summer, a rustic train once used to haul gold and silver ore now dumps thousands of tourists in the heart of the town daily. (Jerry McBride\/Durango Herald file)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">In the summer, a rustic train once used to haul gold and silver ore now dumps thousands of tourists in the heart of the town daily. (Jerry McBride\/Durango Herald file)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><p>Fuhrman saw real estate in mountain towns, Telluride chief among them, soar in value as visitors with deep pockets sought, and found there, the nexus of rugged antiquity and plush modernity.<\/p>\n<p>Silverton had the rugged antiquity \u2013 the train and the 19th century brothels where tourists can get a drink ensconce visitors in the town\u2019s storied past.<\/p>\n<p>Unlike Telluride, the town had none of the plush modernity. It was, as Fuhrman put it to would-be investors, \u201cunfortunately bereft of the businesses and amenities one would expect.\u201d<\/p>\n<div class=\"naviga-element naviga-subheadline1\">The Selwyn<\/div>\n<p>In 2016, Fuhrman began to confidentially circulate \u201cThe Selwyn\u201d to \u201csophisticated,\u201d high net-worth individuals. The prospectus contained a plan to solicit investments and \u201cpush Silverton past its tipping point as an attractive community for investment, relocation and tourism,\u201d and in doing so, reap the financial benefits of Silverton\u2019s growth.<\/p>\n<p>\u201cThere are no farm-to-table restaurants, cocktail bars, natural food markets, home goods stores, or other lifestyle businesses, and limited modern accommodations,\u201d the Selwyn said.<\/p>\n<p>The 23-page prospectus outlined the state\u2019s growing retail sales, decreasing housing inventory and Silverton\u2019s undervalued real estate. The plush amenities he described in the Selwyn were the piece that was \u201cquite obviously missing.\u201d<\/p>\n<p>Fuhrman\u2019s plan to transform Silverton from a place visited \u201cfor the mountains despite the town,\u201d into another peak-girded \u201cattractive vacation destination and home for new residents\u201d wasn\u2019t necessarily welcome news in the town. Not all Silvertonians were thrilled at the idea of big changes to accommodate new visitors \u2013 and certainly not at the cost of the affordability of their own town.<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=ac5e2ddc-576f-5420-8c3e-3890e259a786&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"843\" alt=\"\u201cThere are no farm-to-table restaurants, cocktail bars, natural food markets, home goods stores, or other lifestyle businesses, and limited modern accommodations,\u201d Shane Fuhrman wrote in his 2016 development prospectus. (Jerry McBride\/Durango Herald)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">\u201cThere are no farm-to-table restaurants, cocktail bars, natural food markets, home goods stores, or other lifestyle businesses, and limited modern accommodations,\u201d Shane Fuhrman wrote in his 2016 development prospectus. (Jerry McBride\/Durango Herald)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><p>\u201cAnybody could look at the document and say \u2018this person, whoever it is that drafted this, is looking to make money \u2013 and that\u2019s it \u2013 off of this town,\u2019\u201d said Ian Tanner, a ceramist, former sheriff\u2019s deputy and self-described agitator in Silverton who would become a vocal opponent of the mayor.<\/p>\n<p>If Silverton was 20 years behind Telluride, the Selwyn was \u201cbasically fast-tracking\u201d that timeline, Boyd said.<\/p>\n<p>The plan was broken down into three phases.<\/p>\n<p>First, Fuhrman proposed buying up both vacant land as well as commercial properties on Greene and Blair streets, the two main thoroughfares through town. He and his investors would \u201cestablish core businesses in town to be directly managed or outsourced,\u201d and \u201cbeautify (the) localized area surrounding businesses with trees, lights, streets signs and common spaces.\u201d<\/p>\n<p>After Selwyn investors had amenitized Greene and Blair streets, Phase Two would begin. Fuhrman outlined how the value of Silverton\u2019s real estate would rise exponentially and investors would develop the now-significantly appreciated vacant land.<\/p>\n<p>Page five of the prospectus contained two charts: one compared the average per square foot price of real estate in Silverton at the time, $151, with property in Telluride, which ranged from $870 for commercial to $1,050 for residential; the other chart demonstrated the flywheel effect \u2013 as investment increased and key businesses opened along the Y-axis, the real estate value on the X-axis would rise exponentially.<\/p>\n<p>A third, less defined phase, focused on additional development, agriculture and energy production.<\/p>\n<p>Although the document circulated in town before Fuhrman\u2019s election and in advance of a 2021 recall attempt, Fuhrman waffled between enforcing the disclaimer that deemed the document \u201cconfidential,\u201d and pledging transparency around it.<\/p>\n<p>During the 2020 election, Fuhrman tried to stop a Silverton resident from publicizing the document. More recently, he threatened legal action against the <em id=\"emphasis-e0dabac20f2c993328ac7d88d83fed9e\">Herald <\/em>for the same reason, citing a disclaimer in the document that claimed it was confidential.<\/p>\n<p>In an August 2021 email to his town hall colleagues, obtained by the <em id=\"emphasis-694f42caf7f23a7e19d9376c0ac40b40\">Herald <\/em>through an open records request, Fuhrman wrote, \u201cI now view anything in the plans as public knowledge.\u201d<\/p>\n<p>However the extent to which any of Fuhrman\u2019s plans were known and taken seriously by Silverton\u2019s electorate in 2020, about three years after it was written, is a lingering question.<\/p>\n<p>Branner, the owner of Venture Snowboards, said he likely first saw the plan preceding the 2021 recall vote.<\/p>\n<p>\u201cNobody, including me, wants this place to turn into something even remotely like Telluride,\u201d he said.<\/p>\n<p>But he dismissed Fuhrman\u2019s prospectus, which outlined in explicit terms how to turn Silverton into something like Telluride.<\/p>\n<p>\u201cThis town is full of plans that collect dust,\u201d Branner said.<\/p>\n<p>Tanner saw it differently.<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=c00df205-688e-5d9b-971a-5143bb4c12e0&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"1431\" alt=\"\u201cHe (Shane Fuhrman) would\u2019ve been run out of town on the first day if he had been open about it,\u201d said Ian Tanner, a ceramist, former sheriff\u2019s deputy and self-described agitator in Silverton, in reference to the former mayor\u2019s 2016 vision to develop the town. (Jerry McBride\/Durango Herald)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">\u201cHe (Shane Fuhrman) would\u2019ve been run out of town on the first day if he had been open about it,\u201d said Ian Tanner, a ceramist, former sheriff\u2019s deputy and self-described agitator in Silverton, in reference to the former mayor\u2019s 2016 vision to develop the town. (Jerry McBride\/Durango Herald)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><p>\u201cHe would\u2019ve been run out of town on the first day if he had been open about it,\u201d he said.<\/p>\n<p>In an email to the <em id=\"emphasis-b9fb8b9c0e009f39e2f768eb939b5148\">Herald<\/em>, Fuhrman said he never acted on the document and said the 8-year-old plan \u201chas no relevance to my work today.\u201d However, he acknowledged in a 2021 email to town staff members that \u201calthough the message in the business plan could have been more gently stated, it remains accurate.\u201d<\/p>\n<p>By the end of his term, bulldozers were flattening earth on over 50 lots, each 5,000 square feet and priced at $360,000, which one of Fuhrman\u2019s companies had purchased in 2021, rezoned and listed for sale. He had also acquired a three-story apartment building in downtown the same year and bought a vacant building abutting a hotel he had purchased in 2016 (he filed a permit application to renovate the building as an expansion of the hotel a month after he left office).<\/p>\n<div class=\"naviga-element naviga-subheadline1\">Did Fuhrman pursue or realize the Selwyn vision?<\/div>\n<p>To sell this pitch, Fuhrman took a pen to a map of Silverton and began to highlight properties, detailed in the later pages of the Selwyn, that the enterprise might purchase (a disclaimer noted that the properties were representative and subject to change).<\/p>\n<p>Some of those properties were to be purchased during Phase One, the amenitization of Silverton. Others, empty or sparsely populated lots, would be developed during Phase Two of the prospectus, once the boom in amenities had increased the desirability of real estate.<\/p>\n<p>To some, it appeared that Fuhrman\u2019s opening salvo came around the time he circulated the Selwyn to investors, in late 2016, when he purchased and began renovations on the Wyman Hotel. Of the Phase One properties labeled A through G, The Wyman was property \u201cC.\u201d<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=d9395837-68ae-56b9-9f37-765cf5a6fe8f&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"1333\" alt=\"The Wyman Hotel was the first real estate purchase Shane Fuhrman made in Silverton. A bunk bed in a shared room there costs $75 per night, while larger rooms run upward of $400 per night. (Jerry McBride\/Durango Herald)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">The Wyman Hotel was the first real estate purchase Shane Fuhrman made in Silverton. A bunk bed in a shared room there costs $75 per night, while larger rooms run upward of $400 per night. (Jerry McBride\/Durango Herald)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><p>In the Selwyn, Fuhrman also expressed interest in a 2.4-acre vacant lot in the heart of Silverton \u2013 a rarity \u2013 which was owned by the school district. The property had been listed for sale and purchased by the district for $550,000 in February 2017.<\/p>\n<p>Despite having no children, Fuhrman successfully ran for a seat on the school board in August 2017.<\/p>\n<p>To outside observers in Silverton who had not yet seen the Selwyn, his intentions were unclear.<\/p>\n<p>One school board member hypothesized that maybe Fuhrman had just wanted to be involved in the community, as it didn\u2019t seem that he was trying to acquire the property. Some residents began to question his motives after seeing the Selwyn, the board member said.<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=86a6214b-4504-5ca3-a246-ddc6ce14edc7&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"1151\" alt=\"In the Selwyn, Shane Fuhrman expressed interest in a 2.4-acre vacant lot in the heart of Silverton \u2013 a rarity \u2013 which was purchased by the school district in February 2017. The property remains owned by the district and undeveloped. (Jerry McBride\/Durango Herald)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">In the Selwyn, Shane Fuhrman expressed interest in a 2.4-acre vacant lot in the heart of Silverton \u2013 a rarity \u2013 which was purchased by the school district in February 2017. The property remains owned by the district and undeveloped. (Jerry McBride\/Durango Herald)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><p>At<a href=\"https:\/\/www.youtube.com\/watch?v=y4_5-aPkAgE&amp;t=600s\" id=\"link-aa087840f1c5a6daab3e1a3fac9161c5\" target=\"_blank\" rel=\"noopener\"> a candidates forum in 2020, <\/a>Fuhrman touted his work with the school district developing the site for potential use as a recreation center or for employee housing.<\/p>\n<p>\u201cIt seemed awfully calculated,\u201d said Molly Barela, a former town trustee who served during Fuhrman\u2019s term and frequently butted heads with the mayor.<\/p>\n<p>Fuhrman never purchased the property and said that any suggestion he competed with the district for the property was a \u201cfalse rumor.\u201d<\/p>\n<p>Nor did he buy six of the seven commercial properties circled in the prospectus.<\/p>\n<p>Had he, in fact, abandoned the Selwyn vision, as he now contends?<\/p>\n<p>Whether Fuhrman accomplished what he set out to do \u2013 or whether the vision in the Selwyn remained his mission \u2013 depends on who you ask.<\/p>\n<p>\u201cI don\u2019t think he expected as much pushback as he got,\u201d Tanner said.<\/p>\n<p>Some of the amenitization \u2013 a natural food store, farm-to-table restaurant and lights in the streets \u2013 never came to fruition. Still, Fuhrman made other key acquisitions while in office.<\/p>\n<p>After he bought the Wyman in 2016, his second Silverton acquisition came in March 2021, a year into his mayoral term.<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=c4693fa3-c454-559d-b631-46473ee02b24&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"1401\" alt=\"The Highlander Building on Greene Street in Silverton is one of the town\u2019s few multiunit residential buildings. Shane Fuhrman purchased it for $1.3 million in March 2021. It is on the market again today. (Jerry McBride\/Durango Herald)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">The Highlander Building on Greene Street in Silverton is one of the town\u2019s few multiunit residential buildings. Shane Fuhrman purchased it for $1.3 million in March 2021. It is on the market again today. (Jerry McBride\/Durango Herald)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><p>Highlander Investco, of which Fuhrman was the executive officer, sold $595,000 in shares on March 23, 2021, according to SEC filings. Eight days later, Highlander Property Co LLC, a company of which Fuhrman is the registered agent, bought the Highlander Building for $1.3 million. The Highlander is one of few multiunit apartment buildings on Greene Street. He has listed the property on the market again, initially with an asking price of $3.26 million (the price has since dropped to $2.85 million).<\/p>\n<p>Five months after that, another of Fuhrman\u2019s companies, Sultan Development LP, LLC, registered the Sept. 3 sale of $1.2 million in equity with the SEC. Four days earlier, Sultan Development LLC, also registered to Fuhrman, had purchased over six acres of vacant land at the south end of town for $1.8 million. Individual pairs of lots \u2013 over 50 in total \u2013 are <a href=\"https:\/\/loganaustinrealtor.kw.com\/property\/TBD-5th-Snowden-Street-Silverton-CO-81433\/1770170756593984\" id=\"link-ab6de85682fb18c081c679a5e6838564\" target=\"_blank\" rel=\"noopener\">now on the market for $360,000 each.<\/a><\/p>\n<p>In July 2023, just over three years into his term, Fuhrman bought the building adjacent to the Wyman for $500,000. He collected $150,000 in investments the previous month, SEC records show.<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=88fed1cb-0cbc-5f2c-acbb-5f3db221c813&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"1300\" alt=\"The Wyman Hotel was one of seven properties listed in the Selwyn that Fuhrman envisioned the enterprise buying. It would ultimately be the only one specifically scoped in that document that he bought. (Jerry McBride\/Durango Herald)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">The Wyman Hotel was one of seven properties listed in the Selwyn that Fuhrman envisioned the enterprise buying. It would ultimately be the only one specifically scoped in that document that he bought. (Jerry McBride\/Durango Herald)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><p>All told, Fuhrman\u2019s various enterprises raised only about $3.8 million for projects in Silverton, including $1.9 million raised during his term as mayor. The sum fell short of the $5.5 million price tag for Phase One estimated in the Selwyn. But he did, during his term, raise an additional $3.2 million of investors\u2019 funds and buy two hotels in Durango, where Fuhrman also owns a home.<\/p>\n<p>Even if the full or precise vision of the Selwyn was never realized, Fuhrman\u2019s actions didn\u2019t sit well with some residents of the town.<\/p>\n<p>\u201cAfter seeing the Selwyn prospectus, every decision and everything Shane has done makes sense,\u201d said Gigi Raine, an early supporter of Fuhrman\u2019s who would later turn into a vocal opponent. \u201cYou know, Shane became mayor for Shane.\u201d<\/p>\n<p>Fuhrman pushes back on this.<\/p>\n<p>\u201cIt is disheartening to see how those who dedicate themselves to public service, often at great personal and professional sacrifice, are increasingly subjected to unfounded criticism and vilification,\u201d he wrote in an email to the <em id=\"emphasis-ebc6226cbfcaf8559f0762c3cd4fdd6c\">Herald<\/em>. \u201cPublic service is not about personal gain \u2013 it is about contributing to the betterment of the community, fostering collaboration, and building a future that benefits everyone.\u201d<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=9d756a17-b952-58ef-8bcc-892ecfdfeb85&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"1216\" alt=\"Shane Fuhrman purchased over six acres of vacant land at the south end of town for $1.8 million. Individual pairs of lots \u2013 over 50 in total \u2013 are now on the market for $360,000 each. (Jerry McBride\/Durango Herald)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">Shane Fuhrman purchased over six acres of vacant land at the south end of town for $1.8 million. Individual pairs of lots \u2013 over 50 in total \u2013 are now on the market for $360,000 each. (Jerry McBride\/Durango Herald)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><p>Silverton was at the time contending with a serious question: Would necessary change inevitably squeeze out a constituency of old-timers and ski bums who once belonged there?<\/p>\n<p>\u201cShane is that younger group \u2026 they wanted to make it like Telluride down here,\u201d said Kelli Fries, the former town clerk. \u201cWe don\u2019t want Telluride. All of us older ones want to just leave it as is.\u201d<\/p>\n<p>But the \u201cleave it as is\u201d contingency didn\u2019t exactly have the strongest platform either \u2013 families moving to Silverton wanted to see the town secure essential services such as a doctor, a pharmacy or a full-size grocery store.<\/p>\n<p>It was the goal of the Compass Project to resolve the tension among the multiple constituencies.<\/p>\n<p>The 18-month series of discussions, led by Community Builders Executive Director Clark Anderson, ultimately produced the 2022 master plan. Anderson\u2019s goal was to extract a shared vision for growth where everyone had a stake in Silverton\u2019s future.<\/p>\n<p>But as Fuhrman had written in the Selwyn, his goal was to develop a \u201cvery attractive vacation destination and home for new residents.\u201d<\/p>\n<p>And what irked some Silvertonians the most was not that someone was trying to develop their town; it was that they felt misled.<\/p>\n<p><figure class=\"wp-block-image naviga-inline-image\"><img decoding=\"async\" src=\"https:\/\/imengine.public.prod.dur.navigacloud.com\/?uuid=a39cace9-2d39-55f1-bb16-43eb80f00d35&amp;function=cover&amp;type=preview&amp;source=false&amp;width=2000\" width=\"2000\" height=\"1401\" alt=\"\u201cIf you\u2019re going to be an investor, I get that,\u201d said Ian Tanner. \u201cBut if you\u2019re going to be an investor and then take over in politics \u2013 try to run the show as mayor and be an investor\/developer \u2013 I think there is reason, at least, for concern when a leading politician is one of the main developers in a small community.\u201d (Jerry McBride\/Durango Herald)\" class=\"naviga-image\" loading=\"lazy\"><figcaption><span class=\"caption\">\u201cIf you\u2019re going to be an investor, I get that,\u201d said Ian Tanner. \u201cBut if you\u2019re going to be an investor and then take over in politics \u2013 try to run the show as mayor and be an investor\/developer \u2013 I think there is reason, at least, for concern when a leading politician is one of the main developers in a small community.\u201d (Jerry McBride\/Durango Herald)<\/span><span class=\"credit\">cca<\/span><\/figcaption><\/figure>\n<\/p><p>\u201cTo pretend to be a community member; to pretend to care, to be on these boards, do all these things, and then, just by the sheer obvious aspect of what was purchased and developed \u2026 it just seems nefarious to me,\u201d Tanner, the agitator, said, incredulous.<\/p>\n<p>Fuhrman, in response, said Tanner \u201cexhibited aggressive behavior throughout my term and beyond.\u201d<\/p>\n<p>According to documents reviewed by <em id=\"emphasis-5581862a3fcfca2307dc331a4d2dfb32\">Herald<\/em> and officials familiar with the town\u2019s business, Fuhrman used his government email address to have the Selwyn <a href=\"https:\/\/silvertonissues.com\/\" id=\"link-953a81be6ec786fdd35aed0efef7c695\" target=\"_blank\" rel=\"noopener\">removed from a public website; <\/a>he used the state\u2019s open records laws to see if and how his town hall colleagues were discussing his private business plans; and as Silverton\u2019s leaders look for affordable land the town could purchase, Fuhrman managed to buy property first.<\/p>\n<p>\u201cIf you\u2019re going to be an investor, I get that,\u201d Tanner said. \u201cBut if you\u2019re going to be an investor and then take over in politics \u2013 try to run the show as mayor and be an investor\/developer \u2013 I think there is reason, at least, for concern when a leading politician is one of the main developers in a small community.\u201d<\/p>\n<p><em id=\"emphasis-63cfd29d87c979310f346afa9c297448\"><a href=\"mailto:rschafir@durangoherald.com\">rschafir@durangoherald.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fuhrman set out to develop the stunted mountain haven<\/p>\n","protected":false},"author":1,"featured_media":24595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[374,28,453,1562,327],"naviga_topic":[],"class_list":["post-24594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-economic-development","tag-headlines","tag-housing-and-urban-planning","tag-san-juan-county-colorado","tag-silverton"],"acf":[],"author_name":"dh_admin","_links":{"self":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/24594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/comments?post=24594"}],"version-history":[{"count":1,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/24594\/revisions"}],"predecessor-version":[{"id":78598,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/24594\/revisions\/78598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media\/24595"}],"wp:attachment":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media?parent=24594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/categories?post=24594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/tags?post=24594"},{"taxonomy":"naviga_topic","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/naviga_topic?post=24594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}