#colorado #breckenridge #keystone #realestate
A Breckenridge judge last month granted a stay in a lawsuit involving two firms picked by Vail Resorts to co-develop the $300-million Kindred Resorts, a luxury ski-in, ski-out commercial and residential complex in Keystone.
Describing two “massive” lawsuits, one in New York City and one in his own Summit County courtroom, Judge Reed Owens ruled New York was the proper venue for the dispute, adding he believes the Colorado case had been intended, at least in part, to “harass.”
“Allowing the two actions to concurrently progress would do a disservice to judicial economy and create a potential for conflicting rulings as two separate courts grapple with the same controversy,” Owens wrote in the July 7 order to stay. “This unnecessary and potentially confusing duplication of judicial effort is precisely what the priority rule attempts to avoid.”
But the two lawsuits have belied the glitz and glamor of the ritzy estate as once-business partners have exchanged various claims of fraud, extortion and other multimillion-dollar claims of malfeasance.
