VAIL,
Colo., Oct. 1, 2024 /PRNewswire/ -- The
Town of Vail, Vail Resorts, and
East West Partners today announced a partnership to develop the
West Lionshead area into a fourth base village at Vail Mountain,
the world's premier alpine destination. The new base village,
planned in the location formerly designated for the Ever Vail
project, will reinforce Vail Mountain's status as a world-class
destination, and is anticipated to feature access to the resort's
5,317 acres of legendary terrain, plus new lodging, restaurants,
boutiques, and skier services, as well as community benefits such
as workforce housing, public spaces, transit, and parking.
Today, the Vail Town Council voted unanimous in favor of the
partnership and creating a new master plan for the West Lionshead
base village development. The Town Council will update the Town's
Strategic Plan to reflect that West Lionshead is a priority that
will improve the resort experience and benefit the community. The
Town will partner with Vail Resorts and East West Partners on the
community process to create a new vision and the 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 its appeal of the
Town of Vail's condemnation of the
company's East Vail property that
was planned for Vail Resorts' incremental affordable workforce
housing project.
East West Partners in collaboration with the Town and Vail
Resorts will drive community engagement and the design of West
Lionshead. After a master plan is completed, East West Partners and
Vail Resorts will then pursue the entitlement process for the West
Lionshead base village. As the developer, East West Partners brings
expertise 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 Town of Vail and Vail
Resorts, and the first step toward a shared vision for the future
of Vail. Developing the West
Lionshead base village will represent a significant investment by
the Town of Vail, Vail Resorts,
and East West Partners.
"It is a shared goal of the Town of
Vail, Vail Resorts, and East West Partners to ensure our
town remains a top destination for guests and a vibrant community
for the residents who create the welcoming and unique atmosphere
Vail is known for," said
Travis Coggin, Mayor of the
Town of Vail. "We are in an era of
renewed collaboration between the Town and Vail Resorts. The entire
Vail Town 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 community."
"We appreciate the Town's partnership and shared vision for the
West Lionshead base village that will benefit our community, our
employees, and our guests," said Beth
Howard, Vice President and Chief Operating Officer of Vail
Mountain. "We look forward to this next chapter of building the
future together. And we appreciate that East West Partners is a
part of the partnership, given they are known for creating
meaningful places that bring people together, with creativity and
expertise."
"Vail is our company's home and
holds an incredibly special place in our hearts. I am thrilled that
East West Partners will be a part of this transformative
initiative," said Chris Frampton,
Chief Executive Officer 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 stays the leading resort
community in North America, and
one of the best mountain towns anywhere."
The development of the West Lionshead base village will undergo
a community engagement process starting this fall that will include
open houses where community members can offer input on the
initiative's vision, design, and planning. The initiative is
subject to all applicable entitlement and approval processes.
Media assets will be available here.
About Vail Resorts, Inc.
(NYSE: MTN)
Vail Resorts is a network of the best destination and
close-to-home ski resorts in the world including Vail
Mountain, Breckenridge, Park City Mountain, Whistler
Blackcomb, Stowe, and 32 additional resorts across 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 an
Experience of a Lifetime to our team members and guests, and our
EpicPromise is to reach a zero net operating footprint by 2030,
support our employees and communities, and broaden engagement in
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, Wyo. Vail Resorts Retail
operates more than 250 retail and rental locations
across North America. Learn more about our company
at www.VailResorts.com, or discover our resorts and
pass options at www.EpicPass.com.
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SOURCE Vail Resorts, Inc.