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Highlights of the Breckenridge Town Manager Forum

Posted by JanL on February 9, 2014

Tim Gagen, town manager of Breckenridge, talked about the 2013 sales tax revenue is up 13%. The town spending levels are still at 2009 levels. The focus for 2014 is to build tourism based economy for the long term with emphasis on the arts district and Riverwalk Center. Winter is the weakest economicially.

Retail business and restaurants revenue picked up this summer over 2007 levels; however the new construction and real estate values have not come back to levels in 2007.

The oldest building in Breckenridge is being renovated to re-make the space into a community center and library named the Grand Vacations Community Center. After a donation of $50K from Vail Resorts, it is within 10% of the $2 million fundraising goal.

The midsummer study done on the F parking lot deemed a hotel and convention center as not feasible. It is now be a parking reservior since 80% of the people that park there come to town after skiing versus 30% that come to down from parking in the gondola lots.

No new real estate development on the Gondola lots at this time until One Ski Hill Place sells out. There are discussions of tearing down the Breckenridge Mountain Lodge and building a convenience hotel and future revitalization of the Maggie Building area. The commercial real estate at Main Street Station is in foreclosure.

Vail Resorts will replace the Colorado chair to a 6 pack lift. This summer a round about at French Street will be constructed because of the possible gondola development, while the 4 o'clock round about will be done this year if an additional $400K is allocated for the design.

Breckenridge is also looking for affordable housing projects since 40% of the workforce is living in Breckenridge and the 60% have homes in the Upper Blue area. A substantial amount of housing in the area is market value.

Read More>http://www.summitdaily.com/entertainment/10083626-113/breckenridge-community-resort-ski

Breckenridge Real Estate Agent Jan Leopold
Slifer, Smith & Frampton
Real Estate Agent
Breckenridge, Colorado