Vail offers resort company $12M for property
BROOMFIELD — The town of Vail has offered Vail Corp. $12 million to buy a 23.3-acre property that the resort company would like to use for workforce housing.
The town, however, wants to keep the land open for wildlife habitat.
The dispute has resulted in a lawsuit over the town’s use of an emergency ordinance in August to prevent the issuance of permits on the property.
Vail Corp. is an entity registered to the address of Vail Resorts Inc. (NYSE: MTN), which has struggled with staffing at its ski areas in recent years.
As a result, the company has vowed to invest…
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