I remember when my wife and I first moved to Park County in 1990 the re-opening of Geneva Basin ski area was in the news for a couple of years. Nothing ever came of it and there was a big falling out with the USFS because they burned down the old lodge after a couple of deals fell through. People were really pissed about that.
I found THIS LINK to some history of the ski area you might find interesting, BPT.