Revenue sharing makes sense | VailDaily.com
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Revenue sharing makes sense

Here’s something we don’t see every day: two communities talking about cooperation.Officials in Eagle and Gypsum are talking about some form of revenue sharing, should either community eventually land some sort of “big box” development.While Gypsum has two parcels zoned for big retail, Eagle may act first, depending on whether the community, and, ultimately, the Eagle Town Board, approves the Red Mountain Ranch development.Red Mountain is far from a done deal, and is facing some stiff opposition led by a group of downtown business owners. But it’s the main proposal on Eagle or Gypsum’s table at the moment, so it’s the one getting the attention.Putting aside for a moment the argument about whether the development would be a boon or bane for Eagle, here’s the encouraging part: In a state where sales tax is king, and communities routinely engage in cutthroat competition to land retail development, the two downvalley communities are talking about how development in one town will affect the other. Those impacts are significant, given the towns are just eight miles apart.It might be unrealistic to expect a 50-50 revenue split, but it’s nice to know that if, for instance, Gypsum ends up housing half of the few hundred employees a retail center generates, that the town will get at least some help paying for the roads, housing and parks those people will demand.Most significantly, talk about cooperation is good news. Longtimers in both Eagle and Gypsum have often looked at each other with arched eyebrows.A revenue-sharing agreement between Eagle and Gypsum wouldn’t be the first in Colorado, but it would be unusual enough that the deal would be closely examined by other communities for years to come. We wish them the best of luck.Vail, Colorado


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