Vail picks three-story Lionshead welcome center design
Vail, CO Colorado
VAIL, Colorado – The town of Vail is moving forward with designs to build a three-story building where the current Subway building is next to the Lionshead parking structure.
The new building is set to include a community space, including 1,500 square feet of indoor space and 900 square feet of outdoor patio space that could host various groups and events.
Local groups and organizations that have expressed interest in the space include the Vail Valley Medical Center, Bravo! Vail Valley Music Festival, Vail Art in Public Places and the town of Vail, among others.
Tom Kassmel, town engineer, said the space could be used for senior citizen events, sports team award banquets, community group meetings and other exhibits or events.
The focus of the center would be on corporate events, small wedding events and other social functions, and rental rates would be competitive with other similar facilities.
The town of Vail and the Vail Recreation District would share the revenues from the facility with the town of Vail getting 75 percent and the Vail Recreation District getting 25 percent from year four and on. The town would get 100 percent in year one, 90 percent in year two and 80 percent in year three – with the Vail Recreation District receiving the difference each year – until the final sharing schedule goes into place in year four.
The $7 million project is part of the overall Lionshead Transit Center project, which received a $5 million federal transit grant to offset the overall cost of nearly $13 million.
The town plans to issue $15 million in tax increment financing bonds to help pay for the Lionshead Transit Welcome Center.