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Condo prices cut by 20%
VAIL, Colo. - Vail Resorts has cut the asking price on condominiums in its Ritz Carlton Residences, now under construction, by 20 per cent. Still, the prices remain healthy, with an average per square foot price of $1,624, reports the Vail Daily . Currently, 47 units are under contract, with 24 still unsold.
Steamboat base projects proceed
STEAMBOAT SPRINGS, Colo. - By next January, a new gondola should be operating at Steamboat Springs, transporting skiers and others from a more distant base area called Wildhorse Meadows. The developer of that real estate project, Resort Ventures West, has partnered with ski area operator Intrawest on the estimated cost of the $7 million gondola.
The Steamboat Pilot & Today reports that town officials have ordered that the permitting process be expedited to allow the project to move forward, even if engineering details have not all been completed.
The newspaper, in an editorial, called the agreement a "dramatic" sign that local resort and government leaders have the resolution required to continue base-area improvements in the face of a deep recession. The newspaper also takes note of unanimous agreement among the city council members to commit city reserves to help secure a bond issue of at least $11.2 million for public infrastructure at the base area. The council members agree that allowing the work to go dormant could jeopardize the goal of stimulating private investment.
Music festival to be shorter, smaller
ASPEN, Colo. - "Bigger, better, and longer" has long been the norm. But the Aspen Music Festival and School is going in the other direction. Beginning next year, the festival will be a week shorter, the number of students will decrease by about 100, a dozen or two faculty positions will be cut. Some of this down-sizing had begun several years ago, and the discussions leading to the current cropping were begun before the economic recession began, festival officials tell The Aspen Times . But the public should not notice any difference, they add.
Telluride's footprint growing...
TELLURIDE, Colo. - Fresh news comes out of Telluride that illustrates the enormous difficulty of shrinking carbon footprints. Despite joining the Mayors Agreement on Climate Change in 2004, with the stated goal of reducing greenhouse gases by at least 15 per cent by the end of 2010, a new town analysis reveals the municipality's carbon footprint actually grew in the last year.
"We're trending in a wrong way this year, despite a lot of really good things we've done," said Karen Guglielmone, the town's public works project manager. Tweaking, she added, isn't getting the job done. "It's time for some big moves."