Vail development game gets interesting
Talk about sweetening the pot. Both suitors to rebuild the Lionshead parking structure into something beautiful have also now offered to rebuild Timber Ridge so that it doubles the amount of affordable housing there now.East West Partners and Open Hospitality-Hillwood Capital must really want to be the chosen one. This is a significant upping of the ante.The town could get an ugly, aging parking garage rebuilt with more spaces and take a big step toward easing that vexing worker-housing problem with this.Vail’s town leaders have handled this deal shrewdly so far.Vail Resorts holds a big card with the parking structure, too. The council will have to be at least as clever with VR’s portal project on this table, too. This could get pretty intriguing.
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