Battle Mountain comesto Red Cliff | VailDaily.com
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Battle Mountain comesto Red Cliff

Cliff Thompson

RED CLIFF – While Minturn has gotten the bulk of the attention over a 5,400-acre resort development planned Battle Mountain, tiny Red Cliff hasn’t been left out.Homes in town are beginning to sell quickly, said Mayor Ramon Montoya, as homeowners begin to cash in on escalating land values.”There’s a lot of speculation going on” said Montoya. “Properties that have been on sale for years have been sold, reportedly for more than the asking price.”Representatives of Bobby Ginn’s development company, who want to build up to 875 units to surround a private ski hill and golf course between Minturn and Red Cliff, will be meeting with the Red Cliff town Board Tuesday at 6 p.m. It’s the first official meeting between the giant Forida-based developer who last year sold $1.2 billion worth of property. The 350 citizens of Red Cliff survive on an annual town budget of about $500,000.Ginn purchased the Battle Mountain property for $32.75 million and has requested that Minturn annex his development. He has had a number of meetings with the Minturn town council as annexation could take as long as two years to complete. Ginn’s development will need town services and the town of Minturn could use more cash handle the increased demand the development will bring. But Red Cliff, too will feel the effects of the Battle Mountain development, Montoya said. “This will have a major impact on Red Cliff,” Montoya said. “We have to see what benefits we will be able to get out of it.”The Battle Mountain development runs from Lime Creek to Shrine Pass road and abuts Red Cliff’s western boundary. Exactly what will be built and where it will be built has not yet been revealed by Ginn, who categorized it as a “challenging development.”Ginn’s development may not be the only thing driving the sales in Red Cliff. A red-hot real estate market count-wide has caused prices to escalate and has reduced the number of houses for sale to 600. Approximately 300 sell per month in the county.Staff Writer Cliff Thompson can be reached at 949-0555, ext. 450, or cthompson@vaildaily.comVail, Colorado


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