#Breckenridge #Colorado
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| Summit Daily |
As expected, Breckenridge Town Council on Tuesday favored entering a 50-year lease with Vail Resorts allowing the town to build its long-awaited parking garage on Breckenridge Ski Resort’s South Gondola Lot.
The lease details a desired timeline, each party’s responsibilities and how they’ll split control and parking revenues. It also comes with options for the town to renew for two additional 10-year terms, giving Breckenridge a 70-year run with the parking structure.
Following months of negotiations with Vail Resorts — owner of Breckenridge Ski Resort — on the lease agreement, Tuesday’s discussion went fairly quick. Council members had only a few clarification questions about the proposed lease, and were highly complimentary of the effort to bolster parking with a new parking garage housing 950 parking spaces on the resort-owned surface parking lot.
“The agreement spells out a lot of specifics related to what the process will look like — the planning period, the construction period — and it’s the intent to only have that lot closed down for one full ski season,” town manager Rick Holman said before the vote. “We’ve been working jointly with (Vail Resorts) for a number of months to get this hammered out, and we feel very good about where it’s at right now.”
After the unanimous vote, Mayor Eric Mamula expressed his gratitude for the work of Holman, assistant town manager Shannon Haynes and town attorney Tim Berry and for council’s approval of the agreement.
“I just want to say thank you before we go any further,” the mayor said. “This has been a long, long process … this is a big deal.”
Courtesy Summit Daily.
