Academy shuts its doors CRESTED BUTTE, CO (kbut) - After a 15 year run, the Crested Butte Academy is closing. Despite recent last ditch efforts to keep the school going, it is not moving to Park City or looking for a new space in Crested Butte. Owners attributed the closure to the cost of living in a resort community, and extremely long travel times for student athletes and coaches. © Copyright 2021, kbut