Page 4 - Triumph Development News Today

Biscuit maker Britania has been accused in court of cooking books ahead of selling the confectionery producer to private equity firm Catalyst for Sh1.2 billion, inflating the buyout price nearly...

When the Vail Town Council in August cleared the way for the Residences at Main Vail project, some council members encouraged further improvements to the plan. That’s going to happen.

The developer responsible for Vail’s Chamonix townhomes and the Residences at Main Vail will have the first opportunity to redevelop the Timber Ridge apartments.

The Timber Ridge apartments for 40 years have provided deed-restricted housing for local workers. It’s probably time to start over.

Big problems such as affordable housing require big solutions. We live in an area where the free market for housing is severely distorted by the ability of second-home owners to pay cash, and lots of it, for any housing that is close to the resorts. I know several people who are in their 30s and 40s, have kids and good jobs, but even with 3% interest rates and down payment assistance, $500+ per square foot for real estate is not affordable for first-time buyers. Mike Beltracchi These are people...

With record low interest rates and the ability to retain ownership of the property in perpetuity, the Vail Town Council will consider optimizing an alternate arrangement for construction of the Residences at Main Vail during…

The Residences at Main Vail project passed an important milestone May 10, with several more to do.

Special to the Daily Virtually every Vail Town Council meeting agenda in recent memory has included notice of an executive session — a session held out of public view. Some residents say the council is over-using this common tool. Vail Homeowners Association Executive Director Jim Lamont, a longtime Vail government watcher, said the council is “definitely” over-using executive sessions. Many other residents are making the same argument, particularly when it comes to the Booth Heights prop...

Special to the Daily Town of Vail officials have been working for more than a year on a plan for alternatives to the controversial Booth Heights workforce housing project, a complicated idea. Things have become more complicated in the last few months. In December, Vail Resorts “paused” its participation in three-way talks — which included the town, the resort company and Triumph Development — to find alternatives to Booth Heights. That announcement roughly coincided with Triumph canceli...

Bighorn sheep congregate in East Vail in April on a parcel of land which could see development in the future. An update on an agreement which references the parcel, known as Booth Heights, is scheduled for Tuesday. (Gary Eno, Daily file photo) The majority of the Vail Town Council wants to avoid development on bighorn sheep habitat in an already approved project known as Booth Heights in East Vail. To do so, the council sees an avenue in executing a development agreement with Triumph Developmen...