Vail: Chamonix housing not so urgent any more
Vail, CO, Colorado
Given current market conditions, the town of Vail isn’t so sure its proposed Chamonix Commons employee housing project is all that urgent anymore.
The town identified the project as one of its highest priorities under its Employee Housing strategic Plan, adopted in September of 2008, before the national economic collapse. The project calls for more than 50 for-sale, deed restricted units at the West Vail site the town bought
While the town has gone ahead with a market study related to the project, which Andy Knudtsen of Economic and Planning Systems presented Tuesday, Vail Town Council members said they aren’t seeing the demand that would justify spending about $1.3 million to build infrastructure for the project right away.
“I’m not feeling extreme urgency on this project right now,” Councilwoman Kerry Donovan said.
The council decided to go ahead and hold a public hearing at its June 7 evening meeting in order to gather public input.
Community Editor Lauren Glendenning can be reached at 970-748-2983 or email@example.com.
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