The new base area at Peak 7 will be developed in a partnership between Vail Resorts Development Company (VRDC) and Grand Timber Lodge Development Company, according to documents filed with the town's planning department.
Grand Timber is under contract with Vail Resorts to purchase part of the private land at Peak 7, but some final contingencies of that contract are still pending, said Rob Millisor, who owns Grand Timber with his brother Mike and another partner, Mike Dudek.
Until that contract is finalized, there are limits on what the partners can publicly say.
The Millisors began their Breckenridge development career with the 49-unit Gold Point complex on Mount Baldy in 1985, and then began selling interval ownerships in the 159-unit Grand Timber Lodge in 1998.
Breckenridge Mayor Ernie Blake said he is pleased with the pending deal, and praised the Millisor's involvement in the community.