The town experienced a steep decline after the Silver Bust in 1893. It experienced a slight revival in mining interest in 1940, but has remained fairly quiet since World War II. The town has experienced five major fires throughout its history, including ones in 1949 and 1958 which destroyed many of the historic structures, including the Summit House, which burned in the fire of Christmas 1958. Other fires in the 1970s and 1980s destroyed additional historic buildings and businesses, leaving the town with little current economic base. Presently, the town is experiencing a high surge of interest as the value of real estate in proximity to ski areas and with access to wilderness increases substantially.