#colorado #realestate #breckenridge #silverthorne
The town of Silverthorne just closed on the purchase of a building on Stephens Way which was formerly a Burger King. The purchase is just the first step in what could be a decade-long construction plan to ease the burden of traffic in Silverthorne.
Town officials said the plan should take 10 years and possibly less if everything falls in line. Town Manager Ryan Hyland said they have already enjoyed a streak of good luck.
The luck Hyland is referring to began when three adjacent properties near Stephens Way — Burger King, Pizza Hut and Arby’s — went out of business, becoming available for new uses. The properties are near Exit 205 on Interstate 70, one of the most congested traffic areas in Summit County.
With the town’s Master Plan mandating transportation improvements in that area, specifically related to the I-70 corridor and the infamously busy exit, the town quickly purchased two of the properties.
Silverthorne bought the former Burger King property for just over $2.6 million and the old Pizza Hut for a little more than $2.1 million. The town also has an agreement with the owners of the former Arby’s ensuring the property’s owners will redevelop in a way that works with the town’s transportation improvement plan.
CDOT statistics from 2020 show that approximately 51,000 cars pass through State Highway 9, U.S. Highway 6 and the I- 70 corridor each day. The Wildernest Road/Rainbow Drive area sees an average 21,000 vehicles a day, according to CDOT.
