The developer of a new ski resort to be built on Battle Mountain in Minturn, CO, has scaled back the original developer’s plans citing concerns over the recent recession and environmental issues.
Canada-based Crave Real Estate has removed the original Ginn Co.’s plans for a golf course, hotel and approximately 2/3 of the commercial space intended for Battle Mountain. The developer’s new plan will be modeled around the Colorado town providing the majority of the restaurants and businesses for the surrounding resort community. Additionally, plans call for a reduction in the number of planned chairlifts from the original number of 13, to four or five.
Ginn’s original plan called for a $1 billion-plus Beaver Creek-mirroring resort with up to 1,700 luxury homes on 5,400 acres south of nearby Minturn. Dave Kleinkopf, a principal at Crave Real Estate, has said the revised plans could include up to 1,600 homes. Also included in Ginn Co.’s plans was a commitment to help fund public improvements to Minturn including a recreation center, sidewalks, a bike path, a new waste-water treatment plant and a new water treatment plant.
Crave spokesman Cliff Thompson said the improvements were tied to the final approval of the project, whose plans are now being altered. The likelihood of securing federal permits from the Environmental Protection Agency and other federal agencies was low if the plans did not change, Thompson said.
Developers plan to invite Minturn residents to a discussion on the plan to be held tomorrow, July 20.
Kleinkopf said the timeline for submitting final plans to the town will depend on when the company receives regulatory approval for the project.
Information from: Vail Daily, http://www.vaildaily.com