Monday, December 12, 2005

Peak 7 Base Area Development Gets Green Light

The schedule for a new base area development at Peak 7 stayed right on track as planning commissioners unanimously approved a master plan amendment and density transfer for the project last week.

The approval means construction of roads, bridges and utility installations at Peak 7 is set to begin next May, barring any unforeseen snags, said Alex Iskenderian, vice president of Vail Resorts Development Company (VRDC).

"It's a three-step approval process for us," Iskenderian said, explaining that VRDC will seek the go-ahead for site-specific infrastructure plans in early January.

"We'll see how that goes. We're hoping we can get it approved in one meeting," Iskenderian said.

The company intends to subsequently submit site plans for specific buildings at Peak 7, he said.

The planning commission approval was for the overall Peak 7 and Peak 8 master plan, including a density transfer of 48 units from the Mountain Thunder complex along Park Avenue. The initial focus will be on the Peak 7 area, with construction of residential condo-hotel units and some skier service facilities expected in the next couple of years. Overall, the entire Peak 7 and Peak 8 development has been described as a phased eight- to 10-year project.

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