Vail: Town, resort reaching deed deal?
Vail, CO Colorado
VAIL, Colorado –Some Vail Town Council members think negotiating a redevelopment of the Lionshead parking structure shouldn’t happen until Vail Resorts lifts its deed restriction on the property – a deal Vail Resorts says is already inevitable.
The town of Vail sent Vail Resorts Development Company a letter eight months ago telling the company its Ever Vail project, an 11-acre, $1 billion project just west of Lionshead, wouldn’t get the subdivision approval it needs until the company lifts the Lionshead parking garage deed restriction. Ever Vail includes employee housing, a new gondola, a hotel, condominiums, underground parking and a transportation center, among other things.
“We have stated our intent to lift (the deed restriction),” said Kristin Williams, Vail Resorts Development Company spokeswoman.
The company is scheduled to meet with the Vail Town Council at a Sept. 15 work session, but that meeting is just an update of where the project and reapplication for the project are at this point, she said. The reapplication should come sometime in November, meaning that between now and November the company would work with town staff on all of the different conditions of approval for the Ever Vail project, including the deed restriction.
The Vail Town Council voted Tuesday to allow a Texas developer to continue negotiations with the town over redeveloping the Lionshead parking garage into a complex that could include a conference center, shops, condos and a luxury hotel. There can’t be any redevelopment of the site until Vail Resorts releases the restriction.
“I don’t think we should be negotiating with anybody until that deed restriction is lifted,” said Mayor Dick Cleveland.
Vail Town Manager Stan Zemler said if Vail Resorts Development Company is prepared to lift the deed, the town is ready to know when and under what circumstances. He said the town stands by its position that Ever Vail doesn’t get approved until the restriction is lifted.
Williams said the company still has to work out conditions like how and when construction of Ever Vail would be phased, how many parking spaces the project would provide and other details of the application and project. The company is waiting on several reports from consultants about the project’s economic impact on the town, and retail and marketing for the project, Williams said. Those reports won’t be available until October and will be part of company’s application in November.
The Sept. 15 meeting will update the town council on a two-day meeting between Vail Resorts Development Company and town staff that happened in late July. Town staff gave the company feedback on the project – feedback that will help the company revise its original application, Williams said.
“The public (and the town council) will really start to see how the revised plans reflect their input,” Williams said.
Lauren Glendenning can be reached at 970-748-2983 or email@example.com