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one end of the lower Quarry. The haul road, which is owned in part by the Monarch ski area and was leased to CF&P, has been in place at least 35 years. ESTIII~IATION OF THE VALUE OF COLORADO'S CLAIMS AGAINST THE DEBTORS' ESTATE The Quarry has not been necessary to CF&I's continued operation for almost thirteen years. Any value the Quarry might have is only a fraction of CF&I's total assets.' No significant personal property or removable fixtures remain on the premises. The Quarry consists of partially reclaimed land of which only the upper Quarry is potentially useful as a commercial quarry. The full appraised value of the Quarry based on an income capitalization approach is dependent on: 1) a market for limestone in the immediate area at $5.50 per ton (industrial) and $1.75 per ton (highway and road base), 2) improvements in mine safety to prevent slides from the upper to the lower Quarry, 3) acquiring an easement for the haul road to the upper Quarry, and 4) weather conditions during operation between mid-May and mid-October. CF&I was the major consumer of limestone in the area, but that need has long since ceased. No evidence of any other market for the product was introduced. Without reclamation liabilities, CF&I estimates that the site would have a value based on an income capitalization approachs as a limestone quarry of approximately $84,000. ' CFBtI rejecteA the haul road lease as an executory wntract ' CF&Ps plan of reorganirrtion confirmed by order dated February 12, 1993, provided for the sale of the majority of the estate's assets for an amount in ezccss of 585,000,000. ' Value avas based on an income approach only. Availability of comparable sales for operating quarries are limited is the Monarch Pass area and the turnover rate of such properties is minimal. Comparable sales information for operating quarries is nearly impossible to find.