Dormant Avon project comes back to life | VailDaily.com
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Dormant Avon project comes back to life

Tamara Miller

Avon residents should soon see construction begin on a long-delayed project on land just east of the Beaver Creek roundabout, a development official said Wednesday.

Chris Kontogiannis with CSC Land said the company got a six-month building permit extension after giving the Town of Avon a $60,000 cash deposit last month.

Construction will begin “well within” the deadline, Kontogiannis said.

“There’s an expanded development team now, as part of the financing,” he said. He declined to elaborate, saying that a formal announcement about the details of that development team will be announced later.

The town of Avon approved the development company’s plans for offices, shops and timeshare units on that property more than five years ago. The project, recently renamed the Geneva Crown Club, has barely progressed since then. To date, the only development to occur has been some dirt removal and placement of a construction trailer.

After handing out three building permit extensions since 1998, the town gave the company an ultimatum in February – extend a letter of credit or a $60,000 cash deposit by March 29 or the project is off.

The town received the cash deposit by the deadline, said Town Manager Larry Brooks.

Now the company has six months to start building or the town will use the $60,000 to restore the site, Brooks said.

When the project was approved more than five years ago, it was intended to be an approximately 103,000-square-foot development with 72,000 square feet of business and restaurant space. The new development mainly will consist of timeshare units, but also will have some affordable housing units, Avon town planners said.

Staff writer Tamara Miller can be reached via e-mail at: tmiller@vaildaily.com or by calling 949-0555 ext. 607.


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