News for the Hospitality Executive
Vail Resorts Outlines Specific 'Green'
Measures for $1 Billion
Resort Development at the Base of Vail Mountain
Using Reclaimed Water from Snowmelt in the Toilets
|BROOMFIELD, Colo., Sept. 20, 2007
- Vail Resorts, Inc. has announced more detailed plans for making the $1
billion Ever Vail the largest LEED-certified, multi-use resort development
project in the nation.
"The mission of Vail Resorts is to provide exceptional experiences at our extraordinary resorts," said Rob Katz, chief executive officer of Vail Resorts. "What we are announcing with the Ever Vail development is completely aligned with two of our most important stakeholders -- the spectacular natural environment that serves as the backdrop of Vail Mountain and the local community in which we operate."
Vail Resorts is now several steps closer to making the 9.5-acre Ever Vail project at the base of Vail Mountain a reality. This past June, Ever Vail was accepted into the pilot program for LEED's new "Neighborhood Development" certification program, putting it on the path to becoming the largest LEED-certified project for resort use in the U.S. In addition, Vail Resorts has clarified a number of aspects of the project, which will be presented to the Town of Vail staff as part of its approval process. After conducting extensive research and consulting with various green building sources, the Company plans to undertake the following innovative eco-sensitive measures to ensure that the project can be an icon for the town and a source of pride for the entire Vail Valley community.
"Our announcement today is just the beginning of many more to come about our efforts to make sure Ever Vail is on the cutting edge of green building," said Katz. "We hope it will become a symbol of our intrinsic relationship with the spectacular mountain environment in which we operate."
As an important piece in creating a vibrant, year-round community in Ever Vail, Vail Resorts is proposing to include 123 beds within the project in what will likely be the most desirable affordable, deed-restricted housing available for purchase in the Vail Valley. The studio, one- and two-bedroom units will range in size from approximately 900 to 1,600 square feet and will be designed to attract singles, couples and families interested in living in a sustainable, pedestrian-friendly community with a mix of retail, restaurants and public amenities all within walking distance at the base of Vail Mountain. "We believe this is the most significant on-site affordable housing commitment ever proposed for a real estate project in Vail," said Katz. "In addition to the affordable housing, our decision to include over 50 percent of our employee housing requirement on site is the right decision for both Ever Vail and the community."
The Company's initiatives and plans expressed today are subject to receipt of all required government approvals and finalization of necessary agreements. Visit http://www.evervail.com for more information.
About Vail Resorts
Vail Resorts, Inc. is the leading mountain resort operator in the United States. The Company's subsidiaries operate the mountain resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado, Heavenly in California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyo. The Company's subsidiary, RockResorts, a luxury resort hotel company, manages casually elegant properties across the United States. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange . The Vail Resorts company website is http://www.vailresorts.com and consumer website is http://www.snow.com.
Vail Resorts, Inc.
|Also See:||The Town of Vail and Vail Resorts Inc. Working Together in a Massive $1 billion Renovation of the 42-year-old Resort / June 2004|
|Vail Resorts and The Ritz-Carlton Hotel Company, L.L.C. Developing The Ritz-Carlton Residences, Vail, Approximately 108 Condominiums at the Base of Vail Mountain in LionsHead Village / June 2005|