Vail awaits report on Ever Vail’s impacts
Vail, CO Colorado
Who Vail talked to: Andy Knundtsen, consultant, Economic and Planning Systems
What they talked about: The town of Vail hired Economic Planning Systems to verify some of the studies presented by Vail Resorts in previous meetings regarding the proposed Ever Vail project, as well as analyze other factors such as impacts to the town’s expenses and revenues if the Ever Vail project is approved.
Knundtsen plans to present models to the town that show the project’s economic impacts and benefits. He will look at the town’s retail, restaurant and real estate supply and demand and how Ever Vail would fit into that spectrum.
Councilman Andy Daly said he was a little concerned that the independent study, which is being paid for by Vail Resorts, but commissioned by the town, is starting off by looking at Ever Vail’s viability rather than how much retail and restaurant space the town can support. Knundtsen assured Daly the report, which should be finished in about eight weeks, would include a big picture economic analysis.
The report would also include real estate supply and demand, parking needs for the town as a whole and other economic benefits and risks. Knundtsen said he is essentially basing much of the analysis on a “build it and they will come” approach.
Community Development director George Ruther said he’s impressed with the work Knundtsen has finished so far.
Who Vail talked to: Judy Camp, town finance director; Greg Hall, town public works director
What they talked about: The town continued its discussion from the March 16 meeting in which council members talked about major construction priorities for the next five years. The council reiterated the need to maintain current facilities as well as enhance town assets. While the town has narrowed down its list of five-year priorities, there are still many questions about whether certain projects should come before others and whether the town can and should spend the money necessary to complete the proposed projects. Capital projects include anything from roof repairs to town buildings to road reconstruction to technology upgrades.
The town plans on another discussion regarding its capital priorities at the next council meeting, which is April 20.