 The rate structure varies depending on time of year and ranges from $10 per adult and $5 per child throughout Winter up to $50 per carload (5 passengers or less) with discounts on additional passengers.The Pikes Peak Highway was constructed in 1915 and financed by Spencer Penrose at a cost of $500,000.An earlier road up the mountain, the Pike's Peak Carriage Road, dates back to 1888.