VAIL, Colorado., October 1, 2024 /PRNewswire/ — The city of vailVail Resorts and East West Partners today announced a partnership to develop the West Lionshead area into a fourth base village on Vail Mountain, the world's premier alpine destination. The new base village, planned on the site previously designated for the Ever Vail project, will reinforce Vail Mountain's status as a world-class destination and is anticipated to offer access to the resort's 5,317 acres of legendary terrain, plus new accommodations, restaurants , boutiques and ski services, as well as community benefits such as workforce housing, public spaces, public transportation and parking.
Today, the Vail City Council voted unanimously in favor of the partnership and the creation of a new master plan for the development of the West Lionshead base village. City Council will update the City's Strategic Plan to reflect that West Lionshead is a priority that will enhance the resort experience and benefit the community. The city will partner with Vail Resorts and East West Partners in the community process to create a new vision and master plan for the West Lionshead area. The partnership to develop the West Lionshead base village includes incremental workforce housing. As a result, Vail Resorts will dismiss your appeal of the City of Vail condemnation of the company East Vail property that was planned for Vail Resorts' incremental affordable workforce housing project.
East West Partners, in collaboration with Town and Vail Resorts, will drive community engagement and design for West Lionshead. Once the master plan is completed, East West Partners and Vail Resorts will continue the entitlement process for the West Lionshead base village. As a developer, East West Partners brings experience in balancing economic, environmental and social responsibilities, along with a proven track record of bringing successful projects to life in premier mountain communities.
Today's announcement represents a new era of collaboration between the city of vail and Vail Resorts, and the first step toward a shared vision for the future of vail. The development of the West Lionshead base village will represent a significant investment by the city of vailVail Resorts and East West Partners.
“It is a shared objective of the city of vailVail Resorts and East West Partners to ensure our city remains a premier destination for guests and a vibrant community for residents creating a welcoming and unique atmosphere. vail is known,” he said Travis Cogginsmayor of the city of vail. “We are in an era of renewed collaboration between the city and Vail Resorts. The entire Vail City Council and I are excited to partner with Vail Resorts and East West Partners in a process to enable this exciting new base village for Vail Mountain, which will bring significant benefits to our guests and the community.
“We appreciate the city's partnership and shared vision for the West Lionshead base village that will benefit our community, our employees and our guests,” he said Beth Howardvice president and chief operating officer of Vail Mountain. “We look forward to this next chapter of building the future together. And we appreciate East West Partners being part of the partnership, as they are known for creating meaningful places that bring people together, with creativity and expertise.”
“vail It is the home of our company and holds an incredibly special place in our hearts. “I am delighted that East West Partners is part of this transformative initiative,” said Chris FramptonCEO of East West Partners. “vail has always been a community and mountain that embraces innovation, and this new fourth base village marks the next chapter in innovative partnerships that will ensure vail remains the leading tourist community in North Americaand one of the best mountain towns in the world.
The West Lionshead Base Village development will undergo a community engagement process starting this fall that will include open houses where community members will be able to offer input on the vision, design and planning of the initiative . The initiative is subject to all applicable authorization and approval processes.
Multimedia resources will be available. here.
About Vail Resorts, Inc. (NYSE: MTN)
Vail Resorts is a network of the world's best close-to-home ski resorts and destinations, including Vail Mountain, Breckenridge, Park City Mountain, Whistler Blackcomb, Stowe and 32 additional resorts in North America; Andermatt-Sedrun and Crans-Montana Mountain Resort in Switzerland; and Perisher, Hotham and Falls Creek in Australia, all available on the company's industry-changing Epic Pass. We are passionate about providing a unique experience to our team members and guests, and our EpicPromise is to achieve a net zero operating footprint by 2030, support our employees and communities, and expand commitment to our sport. Our company owns and/or manages a collection of elegant hotels under the RockResorts brand, a portfolio of vacation rentals, condominiums and branded hotels located in close proximity to our mountain destinations, as well as the Grand Teton Lodge Company in Jackson Hole, Wyoming. Vail Resorts Retail operates more than 250 retail and rental locations throughout North America. Learn more about our company at www.VailResorts.comor discover our resorts and pass options at www.EpicPass.com.
View original content to download multimedia:
SOURCE Vail Resorts, Inc.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.