Daily Editorial: Those darn developers!
Vail CO, Colorado
Developers are the cigarettes of the Vail economy these days ” any time the town needs some extra cash, they try to get some more money out of the builders.
Politicians and others too often blame developers for the town’s stresses. It’s as if Vail and its residents had nothing to gain from having aging, dilapidated buildings torn down and replaced with flashy new hotel complexes.
Politicians and others act like they also have nothing to gain from the mountains of sales taxes those top-of-the-line penthouses and condos will bring the town.
It seems the only thing we hear from them is the burden all the new employees will put on the town and complaints that the new complex will require fire protection.
First the town made builders provide more affordable housing and now wants to tax them to help heat more streets and fix other infrastructure ” and the builders should pay.
Participate in The Longevity Project
The Longevity Project is an annual campaign to help educate readers about what it takes to live a long, fulfilling life in our valley. This year Kevin shares his story of hope and celebration of life with his presentation Cracked, Not Broken as we explore the critical and relevant topic of mental health.
But so should everybody else in town. Politicians and others say Vail’s future as a real community is threatened by the droves of middle-class professionals and families moving downvalley. The town now says it has a $25 million deficit when it comes to repairing streets and paying for other projects meant to keep the resort from crumbling.
The town did pay ” $20 million ” to make sure Timber Ridge remained a home for workers.
And if residents and business owners are so concerned about keeping the middle class and filling the potholes they should probably recognize they may have to share cost ” through a property tax, most likely.
Because the development boom will ebb eventually, and revenue from a building material tax will dry up. Meanwhile, the streets will still need to be fixed, even after the builders and their deep pockets have moved on.
” Matt Zalaznick for the Editorial Board