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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 property and a pending development agreement with Triumph Development for Lot 3 of the Middle Creek subd...
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 canceling its purchase contract for the 23-acre parcel in East Vail. In January, Vail Resorts Vice Presiden...
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 Development, the local company which owns the already approved Booth Heights plans. By offering Triumph two ot...