William Bailey settled a ranch and built a stage station known as Bailey's Ranch in 1864. Bailey also built a hotel at the station, and the town eventually became known as Bailey. On March 18, 2006, the
Coney Island Hot Dog Stand, a landmark building shaped like a giant hot dog was moved from
Aspen Park to Bailey. On September 27, 2006,
a hostage crisis occurred after a lone gunman took seven female students hostage at a classroom in
Platte Canyon High School and sexually assaulted them before opening fire after a
SWAT team breached the room. One hostage was killed, while the remaining escaped uninjured. The hostage-taker then committed suicide after being shot by police. On February 24, 2016, three
Park County Sheriffs were shot, one fatally. The officers were serving an eviction to a known disgruntled man in a house. The rustic
Glen-Isle Resort in Bailey, as well as the Estabrook Historic District northeast of Bailey, are both listed on the
National Register of Historic Places. == Geography ==