What viable business opportunity does a retiring rancher foresee with the development of a ski resort nearby?

The retiring rancher anticipates an increase in land value due to the development of a ski resort nearby. When a recreational facility such as a ski resort is established, it typically attracts visitors, tourism, and investment to the area. This heightened interest in the location can lead to a surge in demand for nearby properties, which, in turn, drives up land prices.

Additionally, with the increased foot traffic and desire for accommodations, dining, and other services that often accompany tourism, the rancher's land may become more appealing for commercial development or residential properties. As a result, the rancher's property could potentially be viewed as a valuable asset, fetching a higher price than it would have before the resort's development. This scenario reflects a common economic principle where infrastructure improvements or new attractions can positively impact local real estate values.