Vail: North Day Lot housing ready winter 2011
Vail, CO Colorado
How they voted: 4 to 1 in favor of approving the plans. Councilman Andy Daly was absent and Councilman Mark Gordon recused himself.
Who they talked to: Michael Brekka of Vail Resorts Development Co.
What happened: The town council approved the North Day Lot, an employee housing project that will provide 124 employee beds on a site that is now employee parking.
The housing is owed by Vail Resorts for the development at Arrabelle, which opened last season. Brekka said that the project, which includes the employee housing, skier drop-off site and skier drop-off parking is expected to be completed in winter of 2011.
The company plans to start building in April or May of 2010, he said.
“And then we will build as fast as we can build,” he said. “We estimate it will take 14 months if we’re really flying. This is for a nearly 40,000 square-foot building.”
Council members said they had hoped the housing would be finished earlier, but were glad that the housing was finally underway. The town threatened to not allow the Arrabelle to open when developers did not have an employee housing plan at the time of the opening.
A deal was brokered in which the town holds a $17.3 million letter of credit from Vail Resorts to be returned to the company when the employee housing is ready to be occupied.
“I’m glad to be getting this housing, but to get it four years after the (opening) of the Arrabelle, it just seems like a slap in the face to the community,” said Councilman Kevin Foley, who was the dissenting vote.
Others said they were just eager to see the housing built.
“I think it’s time to get this done,” said Mayor Dick Cleveland. “I think we need to put this all behind us and move forward.”
How they voted: All in favor
Who they talked to: Vail Housing Director Nina Timm
What they talked about: The town council voted to do the preliminary work to build 58 deed-restricted workforce homes at West Vail’s Chamonix site.
The town will start investigating how much subsidy it is willing to contribute toward the homes and how much construction costs might be. The town will also work to get Federal Housing Administration and Fannie Mae deed-restriction and project approval.
The council chose to hold off on making preliminary sketches for the homes or soliciting for potential developers. The project won’t start in the near future, and the project is currently not in the town’s 2009 budget, said Town Manager Stan Zemler.
Staff Writer Melanie Wong can be reached at 970-748-2928 or firstname.lastname@example.org.