Vail sees interest in worker duplex | VailDaily.com
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Vail sees interest in worker duplex

Vail Daily staff report
newsroom@vaildaily.com
Vail, CO Colorado

VAIL, Colorado – There are so far seven buyers interested in the duplex the town plans to build for local workers on Arosa Drive in West Vail.

Town of Vail Housing Coordinator Nina Timm says that while the letters have helped confirm interest in the project, anyone who is interested in purchasing the units will be invited to participate in a housing lottery to be held in October in which the applicants will be placed into tiers based upon the number of years they have worked and lived in Eagle County. The letters of interest are not a requirement for participation in the lottery.

Applicants for the October lottery must meet the following requirements:

• The residence must be used as an owner-occupied primary home.

• Individuals must be employed at an Eagle County business and must work a minimum of 30 hours each week over the course of a year and continue working that same amount until the sale of the property or retirement.

• Individuals must agree to a re-sale cap of 3 percent annual appreciation.

• The purchase price for the deed-restricted units is estimated to be between $375,000 and $400,000. Construction of the duplex is scheduled to begin in September with an anticipated move-in date of May 1, 2010.

Each half of the duplex, located at 2657 Arosa Drive, has just over 1,600 square feet of living space plus an attached two-car garage on a half-acre lot. The units each have two levels with three bedrooms and two-and-a-half baths, plus a mud room off of the garage.

Floor plans for the Arosa duplex are available on the town’s web site, http://www.vailgov.com.


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