Vail’s July sales tax highest since 2001
VAIL – Despite a big drop-off in construction-riddled Lionshead, overall sales tax collection for the town of Vail was up for July compared the same month last summer.Vail collected $1.15 million in sales tax in July. That’s up 2.2 percent over July 2004. The last time Vail collected more sales tax in July was 2001.Disruptive construction in Lionshead was evident in a drop in sales taxes. Collections for July were down 14.7 percent.Bart and Yeti’s owner Bill Jewitt said he saw a significant decrease in business at his Lionshead restaurant this July, which he was expecting. He’s hoping the drop-off during winter will not be as bad at his bar and restaurant, which is right across the street from the gaping hole where the gondola building once stood.”Whether businesses make it will depend on winter,” he said. “If it’s as bad as it was in summer, there will be a lot of businesses out of business.”Vail Village, on the other hand, saw a 5.1 percent increase in collections over July 2004. Collections were up for retail, lodging and food and beverage.Luca Bruno, owner of a clothing store in Vail Village that bears his name, said business in July was about the same as last year, and August has been much better than he expected. He said he may have benefited from customers driven away from the construction in Lionshead. Red Lion co-owner Jennifer Long said business for July was about the same as last July. She said summer has been a little slow.”We’re still up for the year, but summer isn’t as good as it was last year,” she said. She doesn’t think her business, in the Vail Village, was adversely affected by construction. She cited the recent gasoline price increase as a possible factor that cut into profits. July sales tax in Cascade Village, East Vail, Sandstone and West Vail was up 3.5 percent over last year.Out-of-town businesses that are subject to Vail sales tax brought in 11.9 percent more in July than last July. The majority of those taxes come from utilities such as electricity and gas.Staff Writer Edward Stoner can be reached at 949-0555, ext. 604, or firstname.lastname@example.org.Vail, Colorado
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