The Vail Town Council has accepted the terms of a Memorandum of Understanding (MOU) with Vail Valley Medical Center and the Steadman Clinic - a significant step in efforts to redevelop the western two thirds of the municipal site. While non-binding, the MOU, which was reviewed at the Jan. 17 Town Council meeting, outlines specifics of the project and forms the basis for next steps.
The town, in a partnership with Vail Valley Medical Center, the Steadman Clinic and the Steadman Philippon Research Institute, has been studying the potential to build a medical office building on the west side of the site and a new municipal building on the east side of the property since May 2011. The partners have contracted with Triumph Development LLC for the project’s feasibility analysis.
The MOU specifies a new 56,500 square feet medical office building and 21,850 square feet for municipal offices in two separate buildings serviced by a 200-space underground parking garage. The town’s portion of the redevelopment is estimated at $15 million which would be offset by $5 million the town would receive from the sale of a portion of the land to Vail Valley Medical Center and the Steadman Clinic. The redevelopment is seen as a major economic stimulus for the town in providing future growth and expansion opportunities for the medical community.
During the Tuesday, Feb. 7 evening meeting which begins at 6 p.m. the Town Council will review a draft budget for construction of the new municipal building, the associated infrastructure and off-site improvements. The Council will also be asked to authorize the issuance of a Request for Proposals for design services for the municipal building which includes integration of the existing police department wing with the new building.
The town is preparing to sponsor a series of open houses over the course of the upcoming months to gather community feedback during the decision making process and to seek input on design of the new municipal building.
The schedule anticipates a development review application submitted to the town in April 2012. The development review process would include verification of compliance with the town code, a proposed subdivision of the property and design review. Following approvals, construction would begin in April 2013 and be complete prior to the 2015 World Alpine Ski Championships.
For more information about the project, contact George Ruther, Town of Vail community development director, at 479-2145.