The majority of the study area is contained within a Tax Increment Finance District, established in 2005, and represents the last phase of a planning effort that has included adoption of the Lionshead Redevelopment Master Plan in 1998 and related TIF-funded improvements to include construction of a new transit center and welcome center, plus streetscape improvements, remodel of the library, guest service enhancements, reconstruction of the Lionshead parking entry and construction of the Zeke M. Pierce Skatepark. Most recently, TIF funds have been used to fund the town’s portion of the Sandstone Underpass. The TIF district will expire in 2030 in accordance with state law following a 25-year collection period. The TIF money is available to secure bonding for future projects in the district at the direction of the Vail Town Council sitting as the Vail Reinvestment Authority.
For more information, contact Matt Gennett, community development director, at 970-479-2146 or email email@example.com.