Vail Town Council briefs: Timber Ridge still up in the air
Vail, CO Colorado
VAIL, Colorado – The town of Vail is still in negotiations with a Texas developer over the redevelopment of one-half of the Timber Ridge property, but an approaching deadline and conditions under a federal loan could kill the project entirely.
Town Manager Stan Zemler said the developer, Darren Woody, of Vail Timber Ridge LLC, submitted a new set of plans to the town Monday. The town is now trying to move those through its review process quickly, beginning with the town’s Planning and Environmental Commission.
Woody’s ability to secure his loan through the Department of Housing and Urban Development expires Feb. 18.
“We’re on a very tight time schedule here,” Zemler said. “This is complicated. We’re having problems coming up with a financial structure that will allow this project to move forward.”
Zemler said by the council’s next meeting, which is Dec. 6, “We’ll either know if we’re going to have a project here or we may not be able to move forward with this project.”
VAIL, Colorado – Vail resident Kaye Ferry told the Vail Town Council on Tuesday she was upset about a rumor she heard about Vail Resorts’ tenants at its new First Chair employee-housing project not being able to park there.
Vail Resorts spokeswoman Kristin Kenney Williams, who was not at the meeting, confirmed that residents are not parking on the First Chair property in Lionshead via email to the Vail Daily on Tuesday evening.
“Our intent all along, as expressed throughout the approval process for First Chair, largely a seasonal employee-housing building, is that if we’re building employee housing within walking distance of the workplace (aka Vail Mountain), there is no need for those living at First Chair to have a car,” Kenney Williams said. “This is made clear in the selection process for First Chair. For year-round residents of First Chair, we have made accommodations for their vehicles to be long-term parked on our employee parking lots in West Lionshead, making short-term parking available at First Chair for dropping off groceries, etc.”
She said the parking at First Chair is being used for Vail Mountain employees who do not live at First Chair, which has reduced the number of spots the company needed to buy passes for in the Lionshead parking structure, thus freeing up more parking for Vail visitors.