Hot and Fresh Vail Colorado Information Hot and Fresh Vail Colorado Information CLOUDY 40°



  Search:    Classifieds | Place an Ad May 13, 2008  
Vail Real Estate Homebuyer Services Articles
E-editionReal Estate e-edition | Vail Homebuyer Services | Vail Homeowner Resources |

Vail set sales tax record in '05


Photo by Preston Utley/Vail Daily
Click to Enlarge

Browse Vail Daily Photos
Debi Barnes of Palm Harbor, Fla., shops at American Ski Exchange Wednesday in Vail.
Preston Utley/Vail Daily


By Edward Stoner
February 12, 2006

CommentComments Print Friendly Print Email Email

VAIL - Debi Barnes' shopping bags traced the path of her afternoon - Billabong, the Burton Store and Mill Creek Studios. Then the Palm Harbor, Fla., resident and her family were in the American Ski Exchange, looking for jackets for her three teenage daughters.

It seems lots of other visitors also were finding what they wanted in Vail stores last year. The town of Vail collected more in sales tax in 2005 than it ever had before.

Vail estimates it will take in $16.5 million in sales tax in 2005, up from $15.5 million in 2004, the previous high. The numbers for 2005 beat the town's expectations by $1.8 million.

The increase came despite heavy construction underway for Vail's "billion-dollar renewal," which some feared would harm local business.


The Barneses were in Vail for the day from Breckenridge, where they were staying for a week. It was their first time in Vail. Barnes had bought some animal statues at Mill Creek Studios and some clothes at Billabong and the Burton Store.

Barnes said the construction sties weren't bothering her, although she was looking forward to its completion.

"It looks like it's going to be better when the construction is over," she said.



'Excellent stores, good service'

Peter Williams of London was checking out the offerings at Kemo Sabe, a Western-themed store in Vail Village, after a day of "brilliant" skiing.

Town officials attribute the good sales tax numbers in part to good snow this year. The strongest months for sales tax were March, May, June and November.

Williams said he was impressed with Vail's shopping offerings, and had already bought some sweatshirts.


"Excellent stores, good service, nice people," he said.

Jeff Green of Houston, on his day off from skiing, was waiting outside Pepi Sports for his fiancee and a friend, who were shopping inside. Green, a frequent Vail visitor, said he likes the shopping in Vail.

"There's a good variety of things," he said. "Usually I'll get some stuff, gifts - sweatshirts and hats."

His fiancee usually buys more high-end items, he said, but he was hoping they wouldn't go too high-end.

"They actually already have furs so I hope they don't walk out with another," he said.

Nancy Yoder, Kemo Sabe owner, said the shop has been doing well this season.

"This year, everything is rocking and rolling," she said.

Judy Camp, the town's finance director, said Lionshead numbers were down as a result of heavy construction, but taxes paid on utilities and goods shipped into town offset weaknesses.


The town also estimates it received $6.2 million last year from the real estate transfer tax. The 1 percent tax is used for open space and parks and recreation.

It also expects $1.5 million in money from construction permits in 2005. Most of that money is from seven major projects: Arrabelle at Vail Square, the Forest Place houses, Gore Creek Place, One Willow Bridge Road, Sonnenalp Resort, Westhaven Condominiums and Vail Plaza Hotel.

In 2005, Vail saw more in construction value - $245 million - than it had ever seen in its history.



Staff Writer Edward Stoner can be reached at 949-0555, ext. 14623, or estoner@vaildaily.com.



Vail, Colorado







NOTE: Please limit your comments to 500 words. The system will not recognize formatting such as italics, underlines, or bold.

Subject:
Message:
 By posting you agree to the terms and conditions



April 22, 2008 - Vail Valley Realtors will be easy to spot during highway cleanup
April 11, 2008 - Paying points can be the right move — or not
April 11, 2008 - Changes continue for lenders, borrowers
March 4, 2008 - Eagle County real estate has slowest month in 12 years
February 29, 2008 - DesPortes: Only two certainties in life
February 24, 2008 - Developers: Worker housing rules unrealistic
February 8, 2008 - Eagle Co. real estate sets $3 billion record
February 8, 2008 - Eagle Co. real estate sets $3 billion record
February 8, 2008 - World spends weak dollar in Vail
January 24, 2008 - Are you ready to ride out this market?
January 24, 2008 - Surviving a slump
January 17, 2008 - Western rents rise as home prices fall
January 6, 2008 - Mortgage broker
December 18, 2007 - Avon increases Real Estate Transfer Tax Exemption eligibility

BACK Top of Page TOP OF PAGE

Privacy Policy | Advertise | Contact Us | Archives | Classifieds | Subscribe | Site Map | RSS Feeds Add to My Yahoo!

All contents © Copyright 2008 vaildaily.com
Vail Daily - 40780 US Hwy 6 & 24 - Avon, CO 81620
Visit our other news and portal sites.