Navajo Nation to Buy Wolf Springs Ranch

According to the Associated Press, Navajo Nation lawmakers have given the go-ahead for the $23 million purchase of 16,379 acres situated in the 55,486-acre Central Colorado property, which is listed with Ranch Marketing Associates and M4 Ranch Group for $49 million. Grazing, development, and cultural uses are among the planned uses by the Navajos. Located on the eastern slope of the Sangre de Cristos, Wolf Springs is owned by Aussie products founder Tom Redmond. According to the Ranch Marketing Associates website, the hair care entrepreneur spent years assembling the holding via public land swaps and private purchases. Wolf Springs Ranch was originally listed in 2014 for $54.7 million.