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HomeMy WebLinkAbout2013-02-05 Agenda and Support Documentation Town Council Work SessionVAIL TOWN COUNCIL WORK SESSION AGENDA VAIL TOWN COUNCIL CHAMBERS 75 S. Frontage Road W. Vail, CO 81657 12:00 P.M., FEBRUARY 5, 2013 NOTE: Times of items are approximate, subject to change, and cannot be relied upon to determine at what time Council will consider an item. Public comments on work session item may be solicited by the Town Council. 1. ITEM/TOPIC: Town Council Lunch Break (30 min.) 2. ITEM/TOPIC: Site Visits to Lionshead Parking Structure Entry and Lionshead Centre Building re: View Point #8 (30 min.) PRESENTER(S): Various 3. ITEM/TOPIC: DRB/PEC Update (10 min.) PRESENTER(S): Warren Campbell 4. ITEM/TOPIC: Timber Ridge Redevelopment Discussion (30 min.) PRESENTER(S): Jen Wright and Gary Gorman 5. ITEM/TOPIC: Lionshead Parking Structure Entry Improvements (45 min.) PRESENTER(S): Tom Kassmel ACTION REQUESTED OF COUNCIL: Review Lionshead Parking Structure entry concept designs and provide staff with direction. BACKGROUND: As a part of the recent Lionshead Parking Structure improvements, the Town has budgeted for improvements to be completed at the entry to the Lionshead Parking Structure. The goal of the project is to improve the operating efficiency of the entry and exit of the parking structure and to improve the aesthetics of the entry to meet the expectations of our guests. The Town awarded the design development contract to Zehren and Associates this past December.The design team will present concept design improvements for review and discussion, and to gain direction from Council acting as the owner. STAFF RECOMMENDATION: Review Lionshead Parking Structure Entry concept designs and provide staff with direction. 6. ITEM/TOPIC: Sundial Plaza Renovation Progress Update. (30 minutes) PRESENTER(S): Gregg Barrie and Michael Moore ACTION REQUESTED OF COUNCIL: Staff is requesting feedback and direction 2/5/2013 from the council related to the proposed water feature, the snowmelt system, the budget and the general design. In addition, staff is requesting feedback on whether to consider a name change for Sundial Plaza as part of the renovation. BACKGROUND: In October of 2012, staff presented the conceptual design for the renovation of Sundial Plaza to the Town Council. Since that time, work has continued on refining the design. The components of the project include a children’s play area with artistic play elements, an interactive water feature, reconstruction/snowmelting of existing walkway and stairs, new landscaping and inclusion of ADA access into the park.The budget for the project currently stands at $850,000. The current project estimate is $890,000, including a 10% contingency. The attached memorandum outlines the budget and makes recommendations for proceeding with the project. STAFF RECOMMENDATION: Staff recommends that the project should continue through the design approval process and construction document completion with a goal of putting the project out to bid by the end of February. Staff will make adjustments if needed once bids are returned and will present to the council on April 2 with recommendations. 7. ITEM/TOPIC: Information Updates and Attachments: 1) VEAC Minutes from January 8, 2013; 2) VLMD Infrastructure/Events Update – Kelli McDonald and Kathleen Halloran 3) Economic Indicators May - October 2012 report; 4) Revenue Highlights; 5) Vail 50th Town Council and Fundraising Letters from Roger Brown; 6) Streamtract Encroachments; and 7) The Grand View memorandum. 7) Sales Tax Worksheet Dec. 12, 2012. (15 min.) 8. ITEM/TOPIC: Matters from Mayor and Council: 1) Appointment of 2 members of Council to ECO advisory board - currently Kevin Foley and Margaret Rogers are on committee; 2) Committee Updates (15 min. ) 9. ITEM/TOPIC: Executive Session, pursuant to: 1) C.R.S. §24-6-402(4)(b)(e) - to receive legal advice on specific legal questions; and to determine positions, develop a strategy and instruct negotiators, regarding: update on pending litigation; 2) C.R.S. §24-6-402(4)(f) ) - to discuss personnel matters. (75 min. ) PRESENTER(S): Matt Mire 10. ITEM/TOPIC: Adjournment (4:40 p.m.) NOTE: UPCOMING MEETING START TIMES BELOW (ALL ARE APPROXIMATE DATES AND TIMES AND SUBJECT TO CHANGE) -------------------- THE NEXT REGULAR VAIL TOWN COUNCIL REGULAR WORK SESSION WILL BEGIN AT APPROXIMATELY 12:30 P.M. (or TBD), TUESDAY, FEBRUARY 19, 2013 IN THE VAIL TOWN COUNCIL CHAMBERS FUTURE AGENDA ITEMS: Ongoing agenda items TBD: DRB/PEC updates - Warren - WS - 15 min.; 2/5/2013 Information Updates Attachments: WS - 15 min.; Executive Session items: 30 min.; Consent Agenda: 5 min.; Town Manager Report: 5 min. Public Information Sign regulations and text amendments - George Ruther - WS - 30 min. - 2/19 One Book, One Valley Proclamation for 2013 - L Barnes/Pam - ES - 10 min. - 2/19 EPS Economic Study of Vail Golf Course - Greg Hall - WS - 30 min. - 2/19 Character of Neighborhood Discussion - George Ruther - ES - 30 min. - 2/19 ERWSD easements - ES - 30 min. - 2/19 Ford Park Phase II - Todd O. - ES - 30 min. - 2/19 Council Retreat - Part 2 - Separate Meeting. - 2/26 - 8 am to 12 pm - The Grand View Vail Village Info Center - Greg Hall - WS - 30 min. - 3/5 Wayfinding update - Greg Hall - WS - 30 min. - 3/5 Review of Welcome Center RFP - Suzanne - WS - 15 min. - 3/5 Site Visit - Vail Library - Pam Brandmeyer - 30 min. - WS - 3/19/13 First Reading Vail Golf Course Rezoning - George Ruther - ES - 30 min. - TBD First Reading Vail Golf Course Text Amendments - George Ruther - ES - 30 min. - TBD Second Reading Vail Golf Course Rezoning - George Ruther - ES - 30 min. - TBD Second Reading Vail Golf Course Text Amendments - George Ruther - ES - 30 min.- TBD First Reading of Ord No. 4, 2013; Stream Tract Mitigation Ord - George/Matt Mire - ES - 30 min. -TBD ROI Document Presentation - Adam Sutner - WS - 20 min. - TBD Eagle County Commissioner Joint Meeting - 60 min. - TBD EHU Housing Authority - TBD Healthcare Reform Act discussion - Stan/JP - WS - 30 min. - TBD 1st reading of Ord. No. 1, Series of 2013; Charter Split - Matt Mire - ES - 30 min. - TBD 2015 WAC construction restrictions discussion - George - WS - 30 min. - TBD VVMC/TOV discussion on MOB - Doris Kirschner, VVMC - ES - 30 min. - TBD Strategic Parking Plan discussion - Greg H. - WS - 30 min. - TBD Ford Park discussion re: noise - Todd O./Greg Hall - WS - 30 min. - TBD Sister City discussion - TBD Open Space Discussion with Toby Sprunk, Eagle County Open Space Director - TBD 2/5/2013 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 5, 2013 ITEM/TOPIC: Town Council Lunch Break 2/5/2013 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 5, 2013 ITEM/TOPIC: Site Visits to Lionshead Parking Structure Entry and Lionshead Centre Building re: View Point #8 PRESENTER(S): Various 2/5/2013 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 5, 2013 ITEM/TOPIC: DRB/PEC Update PRESENTER(S): Warren Campbell ATTACHMENTS: DRB January 16, 2013 Results PEC January 28, 2013 Results 2/5/2013 Page 1 DESIGN REVIEW BOARD AGENDA PUBLIC MEETING January 16, 2013 Council Chambers 75 South Frontage Road West - Vail, Colorado, 81657 MEMBERS PRESENT MEMBERS ABSENT Rollie Kjesbo Tom DuBois Libby Maio Brian Gillette Andy Forstl PROJECT ORIENTATION 2:00pm SITE VISITS 1. Kimmelman Residence – 1151 Casolar Del Norte 2. Villa Valhalla – 384 Gore Creek Drive MAIN AGENDA 3:00pm 1. Kimmelman Residence DRB130002 / 10 minutes Warren Final review of changes to approved plans (front and garage doors) 1151 Casolar Del Norte Unit B/Lot A7, Block A, Casolar Vail Applicant: Seth and Stacy Kimmelman ACTION: Approved with condition(s) MOTION: Kjesbo SECOND: Maio VOTE: 5-0-0 CONDITION(S): 1. The applicant shall install the Ankmar Pikes Peak model door without windows or exterior hardware. 2. The applicant shall submit to staff for review and approval, prior to painting the garage and front door, a color sample which is greater in red color to match the adjacent unit and does not utilize an over glaze. 2. Dobyns Residence DRB120586 / 15 minutes Warren Final review of new construction (duplex) 3080 Booth Falls Road/Lot 10, Block 2, Vail Village Filing 12 Applicant: Windsurfer LLC, represented by Pure Design Studio ACTION: Approved with condition(s) MOTION: Kjesbo SECOND: Gillette VOTE: 4-1-0 (Maio opposed) CONDITION(S): 1. The applicant shall terminate/transition all materials at an inside corner of the facade which shall be depicted on the plans submitted for building permit review. 2. The applicant shall submit a revised plan for the panel material layout on the facade for Design Review Board approval prior to submitting for a building permit. 3. Villa Valhalla DRB130001 / 15 minutes Warren Conceptual review of an addition (elevator, façade, and roof) 384 Gore Creek Drive/Lot K, Block 5A, Vail Village Filing 1 Applicant: Villa Valhalla Condominium Association, represented by Pierce Architects ACTION: Conceptual review, no action taken 2/5/2013 Page 2 STAFF APPROVALS Schneider Residence B13-0001 JRM Final review of a minor exterior alteration (windows, doors) 4504 Meadow Drive Unit 203/Unplatted (Timber Falls) Applicant: Keith Schneider, represented by Michael Roe Ribeiro Residence B13-0003 JRM Final review of a minor exterior alteration (hot tub) 1479 Aspen Grove Lane/Lot 2, Block 2, Lion’s Ridge Filing 4 Applicant: Pedro Ribeiro, represented by Daniel Frederick Vail Gondola Club DRB120590 Warren Final review of a sign application (business identification) 298 Hanson Ranch Road/Lot C, Block 2, Vail Village Filing 1 Applicant: Cordillera Property Owners Association, represented by Bart Sigler Sullivan Residence DRB120595 Warren Final review of changes to approved plans (trash enclosure) 2645 Larkspur Lane/Lot 3, Block 2, Vail Intermountain Development Subdivision Applicant: Sheila Sullivan, represented by Michael Roe Red Sandstone Elementary School DRB120596 Warren Final review of a sign application (wall sign) 551 North Frontage Road West/Lot 8A, Block 2, Vail Potato Patch Applicant: Red Sandstone Elementary PTO, represented by Katherine Lange Ford Park Phase 1 Improvements DRB120600 Warren Final review of changes to approved plans (foot path bridge) 530 South Frontage Road East/Unplatted Applicant: Town of Vail, represented by Todd Oppenheimer The applications and information about the proposals are available for public inspection during regular office hours in the project planner’s office, located at the Town of Vail Community Development Department, 75 South Frontage Road. Please call 479-2138 for information. Sign language interpretation available upon request with 24 hour notification. Please call 479-2356, Telephone for the Hearing Impaired, for information. 2/5/2013 Page 1 PLANNING AND ENVIRONMENTAL COMMISSION January 28, 2013 at 1:00pm TOWN COUNCIL CHAMBERS / PUBLIC WELCOME 75 S. Frontage Road - Vail, Colorado, 81657 MEMBERS PRESENT MEMBERS ABSENT Bill Pierce Henry Pratt Luke Cartin Pam Hopkins Susan Bird John Rediker Michael Kurz Site Visit: 1. Fleeger Residence- 2950 Booth Creek Drive 2. Sundial Plaza- Lionshead Pedestrian Mall 20 minutes 1. A request for the review of a variance from Section 14-3-1,Table 2, Residential Access and Parking Standards, Vail Town Code, pursuant to Section 14-1-5, Variances, Vail Town Code, to allow for the construction of two street curb cuts for a single-family dwelling unit, located at 2950 Booth Creek Drive/Lot 2, Block 3, Vail Village Filing 11, and setting forth details in regard thereto. (PEC120049) Applicant: Matt and Candee Fleeger, represented by Berglund Architects Planner: Rachel Dimond ACTION: Denied MOTION: Kurz SECOND: Rediker VOTE: 5-2-0 (Hopkins and Bird opposed) Rachel Dimond made a presentation per the staff memorandum. Hans Berglund, representing the applicant, made a presentation showing the proposed plan and the approved plan. He stated the second curb cut would have minimal impact to the street and neighborhood. He stated that the design would preserve a tree and make the neighborhood safer by allowing for cars to pull forward out onto the street and not back out onto the street. There was no public comment. Commissioner Hopkins stated she has heard concerns regarding curb cuts and has witnessed snow plowing operations and visitor/guest having problems in driveways when pulling forward is not possible. Commissioner Bird spoke to her belief that it might be safer to have a circular driveway. She added that if a duplex is permitted on the lot, but the owners are constructing a single dwelling unit, it did not make sense to limit the site to a single curb cut. Commissioner Rediker stated that he agreed with staff’s findings to the criteria for a variance. He added that a case was not made for a hardship that warranted approval of a variance. Commissioner Kurz agreed with Commissioner Rediker and staff’s responses to the criteria. 2/5/2013 Page 2 20 minutes 2. A request for a recommendation to the Vail Town Council for an amendment to the Lionshead Redevelopment Master Plan, pursuant to Section 2.8, Adoption and Amendment of the Master Plan, Lionshead Redevelopment Master Plan, to amend the recommendations for the central pedestrian plaza (Sundial Plaza) in Section 5.8.6, Plazas and Nodes, Lionshead Redevelopment Master Plan and setting forth details in regard thereto. (PEC130001) Applicant: Town of Vail, represented by Gregg Barrie Planner: Rachel Dimond ACTION: Recommendation of approval MOTION: Kurz SECOND: Pratt VOTE: 7-0-0 Rachel made a presentation per the staff memorandum for items 2 and 3. She highlighted the requests and the criteria, staff’s findings, and actions needed on both applications. Commissioner Kurz asked if the neighboring residential properties have been notified that a tot lot would be placed on the site. Gregg Barrie, Public Works Department, spoke to the merchant’s association and Geoff Wright of the Landmark. He was unable to reach Packy Walker of the Lift House, but noted that Kevin Foley, a Lifthouse employee, was informed through Town Council. He stated he has not spoken with any specific residential property owners. Commissioner Bird asked about lighting at night. Gregg Barrie responded that he anticipated low level lighting, but that it had not been determined what, if any lighting would be included. He then continued by giving a power point presentation highlighting the requests and the details of the proposed park design. He explained the existing conditions and how the Town landed on the need to provide a children’s play area. He spoke to the need for green space in the Lionshead core and the anticipated tree replacement that would occur. Commissioner Pierce asked how the existing pedestrian connections for the surrounding properties would be accommodated. Gregg Barrie showed an image clarifying that all the existing access would remain. Commissioner Bird asked about bicycle access from the pedestrian bridge into the core. Gregg Barrie spoke to how people will be directed other ways from the most direct stairs into the core. He continued by describing the artist’s concept for the park. He discussed the materials and the concept of allowing children to move through the playground without touching the ground in order to play the game “hot lava monster.” Commissioner Pierce asked to see the site plan again in order to assess any impacts on the adjacent retail in terms of the creation of a barrier. Commissioner Pratt inquired as to the future of the existing public art. Gregg Barrie stated that he believed the piece was on loan and would be going back to the artist. Commissioner Bird asked about the park dedication to Chuck McLaughlin, a long-time local killed in a car accident. She inquired if that dedication would be carried forward. 2/5/2013 Page 3 Gregg Barrie stated he would look into the plaque and the previous dedication. Commissioner Bird asked for details on the water feature. Gregg Barrie explained the lighting and pop jets that were being anticipated and would be presented to Council. Commissioner Pratt spoke to the shade in the park on hot summer days. He raised a concern about the proposed play surface (heat adsorbing) and the removal of mature trees that provide shade. He asked about what can be done to reduce the heat and provide more shade. Gregg Barrie spoke to the landscaping intent and the use of ash trees, which have a nice shade canopy. Commissioner Pratt suggested that the nests may be intimidating to younger children so he suggested an internal stair on the site to allow children to access the upper level. Gregg Barrie spoke to the height and design and how they are addressing that comment and accessibility requirements. Commissioner Kurz stated he supports the recommendation to change the master plan, but he disagrees with creating a tot lot on the site. The density of the buildings around the site will not work well with a noise generation from the tot lot. He supports opening up the park, but not the tot lot incorporation. Commissioner Rediker had no comment. Commissioner Bird said she likes that the park is green today but the new design does not incorporate enough green scape. Commissioner Pratt highlighted his belief that playground use falls off at 5:00 so he does not believe there is a noise concern. Commissioner Cartin spoke to the existing fire pits and the fact there is not a need for an additional fire feature. Commissioner Hopkins stated she is a fan of all the town’s parks. She suspects that the staff could look at design options to change the play structure. Commissioner Pierce stated his belief that noise in the evening would be minimal or of no impact. He added a concern about reducing green space and increased rubber playground surface. Gregg Barrie spoke to the ability to use wood chips on the play surface. Commissioner Pierce inquired as to the ability to push the park to the north in order to open up the south side. Gregg Barrie explained how the park has already been pushed north. Commissioner Pratt asked where the nearest public restrooms were located. Gregg Barrie stated that they were down by the ice rink. 2/5/2013 Page 4 Commissioner Pierce inquired as to the process moving forward and if anything would return to the Commission. Rachel Dimond explained that the amendments to the master plan would move forward to the Town Council if a recommendation were made by the Commission and not return for any review. She added that if an action were taken on the conditional use permit it would not return to the Commission for review. The Design Review Board would be the final step in the review. Gregg Barrie suggested that the Commission move forward with a recommendation on the master plan amendment but table the conditional use permit so they can return with additional details and information. 20 minutes 3. A request for the review of a conditional use permit pursuant to Section 12-7H-5, Conditional Uses; Generally (On All Levels of a Building), Vail Town Code, to allow for the construction of a public park and recreation facilities (playground) at Sundial Plaza located within the Lionshead pedestrian mall/Tract C, Lionshead 6th Filing, and setting forth details in regard thereto. (PEC120050) Applicant: Town of Vail, represented by Gregg Barrie Planner: Rachel Dimond ACTION: Tabled to February 11, 2013 MOTION: Kurz SECOND: Cartin VOTE: 6-1-0 (Pratt opposed) This item was discussed and reviewed with Item #2. 4. A request for the review of amendments to a conditional use permit, pursuant to Section 12-16- 10, Amendment Procedures, Vail Town Code, to allow for the redevelopment of the Vail Golf Course Club House (i.e. accessory buildings, permanent and temporary, and uses customarily incidental and accessory to permitted or conditional outdoor recreational uses, and necessary for the operation thereof, including restrooms, drinking fountains, bleachers, concessions, storage buildings, and similar uses), located at 1775 Sunburst Drive/Lot 3, Sunburst Filing 3 and Unplatted Parcels (a complete metes and bounds description is available at the Community Development Department Office), and setting forth details in regard thereto. (PEC120036) Applicant: Town of Vail, represented by Greg Hall Planner: George Ruther ACTION: Table to February 11, 2013 MOTION: Kurz SECOND: Cartin VOTE: 7-0-0 5. Approval of the January 14, 2013 minutes ACTION: Approved with modification MOTION: Kurz SECOND: Cartin VOTE: 7-0-0 MODIFICATION: 1. Commissioner Kurz requested that his statement be amended to read 4 to 1 instead of 40 to 1. 6. Information Update Discussion on the February 11th agenda and the presentation by Jeff Winston. 7. Adjournment MOTION: Kurz SECOND: Cartin VOTE: 7-0-0 2/5/2013 Page 5 The applications and information about the proposals are available for public inspection during regular office hours at the Town of Vail Community Development Department, 75 South Frontage Road. The public is invited to attend the project orientation and the site visits that precede the public hearing in the Town of Vail Community Development Department. Times and order of items are approximate, subject to change, and cannot be relied upon to determine at what time the Planning and Environmental Commission will consider an item. Please call (970) 479-2138 for additional information. Sign language interpretation is available upon request with 24-hour notification. Please call (970) 479-2356, Telephone for the Hearing Impaired, for information. Community Development Department Published January 25, 2013 in the Vail Daily. 2/5/2013 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 5, 2013 ITEM/TOPIC: Timber Ridge Redevelopment Discussion PRESENTER(S): Jen Wright and Gary Gorman 2/5/2013 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 5, 2013 ITEM/TOPIC: Lionshead Parking Structure Entry Improvements PRESENTER(S): Tom Kassmel ACTION REQUESTED OF COUNCIL: Review Lionshead Parking Structure entry concept designs and provide staff with direction. BACKGROUND: As a part of the recent Lionshead Parking Structure improvements, the Town has budgeted for improvements to be completed at the entry to the Lionshead Parking Structure. The goal of the project is to improve the operating efficiency of the entry and exit of the parking structure and to improve the aesthetics of the entry to meet the expectations of our guests. The Town awarded the design development contract to Zehren and Associates this past December.The design team will present concept design improvements for review and discussion, and to gain direction from Council acting as the owner. STAFF RECOMMENDATION: Review Lionshead Parking Structure Entry concept designs and provide staff with direction. ATTACHMENTS: Lionshead Parking Structure memo Part 1 of presentation Presentation Concepts Part 2 2/5/2013 To: Town Council From: Public Works Date: February 5, 2013 Subject: Lionshead Parking Structure Entry Improvements 1. Summary & Purpose This past December the Town awarded the design contract for the Lionshead Parking Structure (LHPS) Entry Improvements project to Zehren and Associates. The purpose of the LHPS Entry project is to improve the operational efficiency, safety and aesthetics of the Lionshead Parking Structure Entry. In order to achieve this it is important to understand the other currently budgeted surrounding projects that are integral to its success. Before discussing the specific issues and goals at the LHPS Entry an overview of the integral concurrent surrounding projects is essential. 2. Background Over the past three years the Town of Vail has made significant improvements to the Lionshead area including; The Lionshead Transit Center, The Lionshead Welcome Center, the Lionshead Skier Drop Off, the Library Remodel, Frontage Road Improvements from the LH Parking Structure west to Forest Rd., and has begun design of new Wayfinding signs and features. A majority of these projects have been funded by the Vail Reinvestment Authority (VRA) and Tax Increment Financing (TIF) dollars. Over the next three years the Town has budgeted for continued improvements in Lionshead. These new Lionshead projects include; The LHPS Entry Improvement Project $1.2 Million TIF 2013-14 Frontage Road Widening(Municipal Bldg to LH) $3.0 Million TIF 2014 Vail Wayfinding (Portion in LH) $3.3 Million CIP/TIF/RETT 2012-14 Parking Equipment Replacement $0.6 Million CIP/TIF 2014 The success of the LHPS Entry project is integral to each of the first four of the listed projects and it is critical that each of these four projects be coordinated and timely in design and construction. As shown in the table above, each of these four projects have an anticipated completion date of 2014. It is expected that the LHPS Entry project will coordinate with each project by providing the basis for design for each. More specifically we see each projects impact as follows; 2/5/2013 Town of Vail Page 2 Frontage Road Widening (Municipal Bldg to Lionshead) Project: The section of Frontage Road between the Municipal Building and the Lionshead Parking Structure entrance has been identified to be widened by the Vail Transportation Master Plan. Initial design efforts began in 2004 as a part of the then Conference Center Project, which were put on hold and then slightly modified by the Vail Frontage Road Master Plan and Parking Plan in 2010. The proposed widening in this section provides added auxiliary lanes along the Frontage Road similar to the configuration in front of the Four Seasons and the Vail Police Department. These added auxiliary lanes provide a critical piece to the improvement of the LHPS Entry project. It is expected that the LHPS Entry project, as a part of its coordinated design, will provide the concept level design plans and design studies showing the need and impact of the specific lane improvements. While the final design, permitting and Construction of the improvements will occur as a part of the Frontage Road Widening (Municipal Bldg to Lionshead) project. Each project is expected to be bid and constructed in 2014 and be ready for the 2014/15 winter season. Vail Wayfinding: The Town has been working with Stantec/Comm Arts over the past year in preparing a new wayfinding sign program for Vail. This wayfinding effort will provide the signage and entry sign features that will be critical to the wayfinding and aesthetics of the LHPS Entry project. Both design teams, Stantec and Zehren, will coordinate to facilitate the ideal placement and aesthetics of these signage features with regard to the LHPS entry. The LHPS Entry project will provide the ideal location based on the redesigned entry and the Wayfinding project will provide the design and installation of the signs and features, with implementation expected in 2014 and ready for the 2014/15 winter season. Parking Equipment Replacement: As a part of the LHPS Entry project the design team will be reviewing enhancements to the parking structure entry and exit locations and the associated parking equipment. Carl Walker Parking is a part of the design team and will be providing recommendations on improvement to flow, operations, parking equipment, and technology. The improvements will be implemented as a part of the LHPS Entry project with the new parking equipment being funded by the Parking Equipment Replacement project. Construction and implementation is expected in 2014 and ready for the 2014/15 winter season. 3. Coordination Between Projects As evident by the three descriptions above, the above four mentioned project are integral to each other and need to be timed accordingly. Currently each project is budgeted in such a way that each can be coordinated in design, construction and 2/5/2013 Town of Vail Page 3 completion. This will allow each to be complete for the 2014/15 winter season, prior to the 2015 World Ski Championships. The progress of each project is as follows; • The LHPS Entry project is just beginning concept design with expectation to be out to bid for construction by 2/2014 • The Frontage Road Widening project’s Request for Proposals (RFP) will be out within the next couple weeks, with a design team selection in March and with expectations to be out to bid for construction by 2/2014. This project will build off the previous Design Development (DD) drawings of the Frontage Road Widening project that was anticipated in 2004 for the Conference Center. It will be modified to fit the current Frontage Road Master Plan as presented as part of the Frontage Road Parking Plan completed in 2010. • The Wayfinding project is well under way with concept and DD drawings currently in development, with the expectation that all signs and features will be installed by 2014. • The Parking Equipment Replacement project will have the preferred equipment identified as a part of the LHPS Entry project with the expectation of its implementation also as a part of the LHPS Entry project in 2014. Since these projects are all complimentary to each other in this specific location it is critical that they remain on their current schedule in order to be ready for the 2014/15 winter season and the 2015 World Ski Championships. 4. Lionshead Parking Structure Entry Improvements Problem, Givens, Goals, & Issues Now with the background and overview of future budgeted Lionshead Improvements understood, we will begin to focus on the LHPS Entry project and discuss the Purpose, Problem, Givens, Goals and Issues. The purpose of the LHPS Entry project is to improve the operational efficiency, safety and aesthetics of the Lionshead Parking Structure Entry. This has been identified on numerous occasions and has become more apparent as a result of the successful Lionshead Village Redevelopment which draws more people to Lionshead. More often than not the Lionshead Parking Structure fills on busy days at an almost equal rate as the Vail Village Parking Structure and empties equally as fast. However the LHPS does not provide the entry and exit operational efficiencies, safety and aesthetics as the Vail Village Parking Structure. Problem: The LHPS lacks the ability to efficiently process the 800+ vehicle transactions it may see at a peak hour of am and pm use. It also creates vehicular conflicts at its entry/exit point along the Frontage Rd. causing inefficiencies, long stacking queue lines of vehicles in and out of the parking structure, and safety concerns for vehicles and pedestrians. The LHPS also lacks an inviting and obvious entry, due to; its offset side loading configuration, adjacent “charter bus” lot, and undefined sea of asphalt entry. This is apparent by one of the most popular fielded questions at the Lionshead 2/5/2013 Town of Vail Page 4 Information Center (Old Location-adjacent to this entry) was, “where do we park?”, making it evident this entry does not seem inviting to the uniformed guest. Also, first impressions at the LHPS are “what you see is what you get”. The highly visible “charter bus” lot is your first impression upon entry. This lasting impression may be of charter buses, RV’s, trailers, storage containers, dumpsters, construction staging, or any other use; as this “charter bus” lot has become a “catch all” for whatever may be needed at the time. In addition, neighboring properties have requested the lot be better hidden with landscape. It has been a very useful lot; however it is not being utilized to its full potential being in such a premier location. Add this first impression to the above mentioned vehicular conflicts, and we have identified the problem. In order to help solve the above identified problems this project has identified the following Givens, Goals and Issues. Givens: • Council is acting as both the Vail Reinvestment Authority (Funding Client) and the Town Council (Property Owner/Review Agent) and has final decision making authority • The Lionshead Master Plan will not have to be amended as a part of this project, as this project is not intended to preclude the larger projects as indicated in the Lionshead Master Plan for this site. • Provide a safe environment for all users. • The project process will be transparent; all comments will be documented and all issues will be responded to. • All issues may not be resolved to everyone’s satisfaction; there may have to be compromises. • The existing baseline conditions and operating standards of each problem will not worsen or be compromised. • The final approved design will comply with Town Code. • This project is specific to the operational efficiencies and aesthetics of the Lionshead Parking Structure Entry, this project will not provide the design or necessarily accommodate nor preclude any longer term adjacent future major project such as; additional structured parking, civic building, or other major redevelopment. Goals: • Provide an inviting and aesthetically pleasing entry to the Lionshead Parking Structure on the level and scale of the Vail Village Parking Structure entry • Provide improved operating efficiencies and eliminate the entry/exit vehicular conflicts. • Provide improved efficiencies to the LHPS in general, minimizing guest wait times, conflicts, and confusion. • Use improved technology that will best suit this site, specifically in regard to parking equipment. • Provide a safe and inviting environment 2/5/2013 Town of Vail Page 5 Issues: • Poor Aesthetics and Entry definition • Vehicular entry/exit conflicts • Stacking at peak times creating long queues of entering vehicles on the Frontage Rd and long queues of exiting vehicles within parking structure at peak times. • Multiple uses of “charter bus” lot o Charter Buses and oversized vehicles o Future surface parking o Future structured parking expansion o Future Civic site per Master Plan o Recycle Center • Steep grades at project east and south limits (limited landscape buffer) • Existing secondary access from level two (currently not being used) • Condition of the east pedestrian access/stairs (currently not part of project) • Snow Storage • Access to top deck by large maintenance vehicles • Parking equipment technology upgrades o Manned booths o Pay on foot o Centralized pay station o RFid pay option o Other or combinations of above • Roundabout at Frontage Rd. Control. • Impact of Frontage Rd. Parking • Impact of widening the Frontage Rd. and requirement of 10-14’ walls 5. Initial Findings In order to begin this design project the design team held a working meeting with key internal members of Town staff to help develop the above Givens, Goals and Issues, and shape the direction of the project. A key element to the development of this project will be whether or not the Town sees this as a limited scope solution or a broader solution, with that question more specifically revolving around the near term fate of the “charter bus” lot. The “charter bus” lot as identified above has the potential for multiple uses. However its current use may not be the highest and best use. Past studies have looked at this lot as developing into either a Civic Center or similar use as per the Lionshead Master or as expanded parking(structured or surface lots). As stated in the Givens this project will not be designed for these potential future larger projects, however it will not necessarily preclude it either. It is critical to provide direction for this current LHPS Entry project as to whether or not to utilize or save the “charter bus” portion of the site. Improvements can be completed on the “charter bus” lot that do not preclude future improvements, but a general 2/5/2013 Town of Vail Page 6 understanding of the intent and timeframe for more permanent future improvements should be discussed. Also, the discussion of a potential roundabout at this location is also warranted. A roundabout has been conceptually shown on a few occasions, specifically; the Conference Center, the Masinter LH Redevelopment Plan, and the Vail Transportation Master Plan. It has also been suggested as an option during the roundabout location discussions for the Municipal Building site redevelopment. A roundabout at this location has significant impacts to this site and should be vetted during this process. 6. Recommendations Staff recommends that Council reviews the memo and presentation and provide staff with discussion and direction with regard to Council’s desired outcomes of this project, including direction on two critical questions; 1. Does the Council agree with the project approach; the problem statement, givens, goals, and issues, and the multiple project coordination. 2. Should the improvements to the entry be limited to the existing entry area and leave the “charter bus” lot as is, making it a potential shorter term solution; or should this improvement use of the “charter bus” lot allowing the entry/exit improvements to include the lot, with the opportunity to add surface parking or other more valuable surface uses other than the status quo. 7. Next Steps Based on the discussion and direction by Council, staff and the design team will develop more detailed concept solutions that address the issues and meet the goals of the project; and will also provide a thorough investigation into parking equipment technology and provide appropriate recommendations. Project Schedule Concept Design: Feb-March Schematic Design: April-May Design Development and Entitlements: May-July Final Design and Construction Documents: August-December Construction: April-June; Sept-Nov 2/5/2013 LI O N S H E A D P A R K I N G ST R U C T U R E E N T R Y IM P R O V E M E N T S Pr o j e c t I n t r o d u c t i o n & C o n c e p t s D i s c u s s i o n Fe b r u a r y 5 th , 2 0 1 3 2/5/2013 Pr o j e c t B a c k g r o u n d • Re c e n t I m p r o v e m e n t s ; • Li o n s h e a d T r a n s i t C e n t e r • Li o n s h e a d W e l c e m e C e n t e r • Fr o n t a g e R d I m p r o v e m e n t s ( L H P S E n t r y t o F o r e s t R d ) • Li b r a r y R e m o d e l • Wa y f i n d i n g I m p r o v e m e n t s • Co n t i n u e d I m p r o v e m e n t s B u d g e t e d ; • LH P S E n t r y I m p r o v e m e n t s • Fr o n t a g e R d W i d e n i n g ( M u n i B l d g t o L H P S E n t r y ) • Va i l W a y f i n d i n g • Pa r k i n g E q u i p m e n t R e p l a c e m e n t 2/5/2013 DE S I G N E D B Y DA T E CH E C K E D B Y DR A W N B Y SH E E T TO V J O B N O . FIL E N A M E Town of Vail Department of Public Works ph 970.479.2158 fax 970.479.2166 www.vailgov.com 1309 Elkhorn Drive Vail, CO 81657SC A L E SECTION 1 - Cascade Village to Simba Roundabout PWGBGH CE R D 5/ 3 / 1 0 na 1" = 2 5 0 ' 1 o f 1 SOUTH FRONTAGE ROAD FUNCTIONAL MASTER PLAN Se c t i o n Le n g t h Ex i s t i n g Ov e r f l o w Pa r k i n g Pe r m e n a n t Sp a c e s Se c t i o n 1 - C a s c a d e V i l l a g e t o S i m b a R B 1,3 1 7 53 39 Se c t i o n 2 - E v e r V a i l t o V a i l S p a 2, 5 4 0 39 31 Se c t i o n 3 - V a i l S p a t o W e s t w i n d 1,0 9 8 44 10 Se c t i o n 4 - W e s t w i n d t o I n f o B o o t h 1,1 5 0 46 38 Se c t i o n 5 - I n f o B o o t h t o S p r a d d l e C r e e k 75 7 30 22 Se c t i o n 6 - S p r a d d l e C r e e k t o S c o r p i o 70 5 0 13 Se c t i o n 7 - V a i l P l a z a t o V V D 1,8 7 0 74 62 Se c t i o n 8 - V V D t o F o r d P a r k E a s t 72 5 28 26 Se c t i o n 9 - F o r d P a r k 2, 3 0 0 88 32 8 Se c t i o n 1 0 - F o r d P a r k E a s t t o P u b l i c W o r k s 2, 0 6 0 76 76 To t a l s 14 , 5 2 2 47 8 64 5 2/5/2013 2/5/2013 Li o n s h e a d P a r k i n g S t r u c t u r e E n t r y Im p r o v e m e n t s • Pr o b l e m S t a t e m e n t • Th e L H P S E n t r y la c k s th e a b i l i t y t o sa f e l y a n d e f f i c i e n t l y p r o c e s s th e f r e q u e n t p e a k v e h i c l e t r a n s a c t i on s c a u s i n g l o n g w a i t t i m e s , ve h i c l e s t a c k i n g , c o n f l i c t s a n d c o n f u s i o n . I t a l s o l a c k s t h e aesthetic va l u e s a n d e x p e c t a t i o n s o f a W o r l d C l a s s r e s o r t s u c h a s V a i l . 2/5/2013 Gi v e n s , G o a l s & I s s u e s • Gi v e n s • Co u n c i l is a c t i n g a s b o t h t h e V a i l R e i n v e s t m e n t A u t h o r i t y ( F u n d i n g C l i e n t ) a n d th e T o w n C o u n c i l ( P r o p e r t y O w n e r / R e v i e w A g e n t ) a n d h a s f i n a l d e c i s i o n m a k i n g au t h o r i t y • Th e Li o n s h e a d M a s t e r P l a n wi l l no t ha v e t o b e am e n d e d as a p a r t o f t h i s p r o j e c t , as t h i s p r o j e c t i s n o t i n t e n d e d t o p r e c l u d e t h e l a r g e r p r o j e c t s a s i n d i c a t e d i n t h e Li o n s h e a d M a s t e r P l a n f o r t h i s s i t e . • Pr o v i d e a sa f e e n v i r o n m e n t fo r a l l u s e r s . • Th e p r o j e c t p r o c e s s w i l l b e tr a n s p a r e n t ; a l l c o m m e n t s w i l l b e d o c u m e n t e d a n d a l l is s u e s w i l l b e r e s p o n d e d t o . • Al l i s s u e s m a y n o t b e r e s o l v e d t o e v e r y o n e ’ s s a t i s f a c t i o n ; t h e r e m a y h a v e t o b e co m p r o m i s e s . • Th e e x i s t i n g b a s e l i n e c o n d i t i o n s a n d o p e r a t i n g s t a n d a r d s o f e a c h p r o b l e m w i l l no t w o r s e n o f b e c o m p r o m i s e d . • Th e f i n a l a p p r o v e d d e s i g n w i l l c o m p l y w i t h T o w n C o d e . • Th i s p r o j e c t i s s p e c i f i c t o t h e o p e r a t i o n a l e f f i c i e n c i e s a n d a e s t h e t i c s o f t h e Li o n s h e a d P a r k i n g S t r u c t u r e E n t r y , t h i s p r o j e c t w i l l no t p r o v i d e t h e d e s i g n or ne c e s s a r i l y a c c o m m o d a t e n o r p r e c l u d e a n y l o n g e r t e r m a d j a c e n t futuremajor pr o j e c t su c h a s ; a d d i t i o n a l s t r u c t u r e d p a r k i n g , c i v i c b u i l d i n g , o r o t h e r m a j o r re d e v e l o p m e n t . 2/5/2013 • Go a l s • Pr o v i d e a n i n v i t i n g a n d ae s t h e t i c a l l y p l e a s i n g e n t r y to t h e Li o n s h e a d P a r k i n g S t r u c t u r e o n t h e l e v e l a n d s c a l e o f t h e V a i l Vi l l a g e P a r k i n g S t r u c t u r e e n t r y • Pr o v i d e im p r o v e d o p e r a t i n g e f f i c i e n c i e s an d e l i m i n a t e t h e e n t r y / e x i t ve h i c u l a r c o n f l i c t s . • Pr o v i d e i m p r o v e d e f f i c i e n c i e s t o t h e L H P S i n g e n e r a l , m i n i m i z i n g gu e s t w a i t t i m e s , c o n f l i c t s , a n d c o n f u s i o n . • Us e im p r o v e d t e c h n o l o g y th a t w i l l b e s t s u i t t h i s s i t e , s p e c i f i c a l l y re g a r d t o p a r k i n g e q u i p m e n t . • Pr o v i d e a sa f e a n d i n v i t i n g e n v i r o n m e n t 2/5/2013 • Is s u e s • Po o r A e s t h e t i c s an d E n t r y d e f i n i t i o n • Ve h i c u l a r e n t r y / e x i t c o n f l i c t s • St a c k i n g at p e a k t i m e s c r e a t i n g l o n g q u e u e s o f en t e r i n g v e h i c l e s o n t h e F r o n t a g e R d an d l o n g q u e u e s o f e x i t i n g v e h i c l e s w i th i n p a r k i n g s t r u c t u r e a t p e a k t i m e s . • Mu l t i p l e u s e s o f “c h a r t e r b u s ” l o t • Ch a r t e r B u s e s a n d o v e r s i z e d v e h i c l e s • Fu t u r e s u r f a c e p a r k i n g • Fu t u r e s t r u c t u r e d p a r k i n g e x p a n s i o n • Fu t u r e C i v i c s i t e p e r M a s t e r P l a n • Re c y c l e C e n t e r • St e e p g r a d e s at p r o j e c t e a s t a n d s o u t h l i m i t s ( l i m i t e d l a n d s c a p e b u f f e r ) • Ex i s t i n g se c o n d a r y a c c e s s fr o m l e v e l t w o ( c u r r e n t l y n o t b e i n g u s e d ) • Co n d i t i o n o f t h e ea s t p e d e s t r i a n a c c e s s / s t a i r s (c u r r e n t l y n o t p a r t o f p r o j e c t ) • Sn o w S t o r a g e • Ac c e s s t o t o p d e c k b y l a r g e ma i n t e n a n c e v e h i c l e s • Pa r k i n g e q u i p m e n t t e c h n o l o g y up g r a d e s • Ma n n e d b o o t h s • Pa y o n f o o t • Ce n t r a l i z e d p a y s t a t i o n • RF i d p a y o p t i o n • Ot h e r o r c o m b i n a t i o n s o f a b o v e • Ro u n d a b o u t at F r o n t a g e R d . C o n t r o l . • Im p a c t o f Fr o n t a g e R d . P a r k i n g • Im p a c t o f w i d e n i n g t h e F r o n t a g e R d . a n d re q u i r e m e n t o f 1 0 - 1 4 ’ w a l l s 2/5/2013 1 of 6 2/5/2013 Co n c e p t s D i s c u s s i o n 2/5/2013 Ne x t S t e p s • Ag r e e m e n t w i t h P r o j e c t A p p r o a c h • Fa t e o f “ c h a r t e r b u s ” l o t D i s c u s s i o n & D e c i s i o n • Pr e s e n t m o r e d e t a i l e d c o n c e p t s o l u t i o n s • Pr o j e c t S c h e d u l e • Co n c e p t D e s i g n : F e b - M a r c h • Sc h e m a t i c D e s i g n : A p r i l - M a y • DD a n d E n t i t l e m e n t s : M a y - J u l y • Fi n a l D e s i g n & C D ’ s : A u g u s t - D e c e m b e r • Co n s t r u c t i o n : A p r i l - J u n e ; S e p t - N o v 2/5/2013 1 of 6 2/5/2013 2 of 6 2/5/2013 3 of 6 2/5/2013 4 of 6 2/5/2013 5 of 6 5 of 6 2/5/2013 5 of 6 6 of 6 2/5/2013 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 5, 2013 ITEM/TOPIC: Sundial Plaza Renovation Progress Update. PRESENTER(S): Gregg Barrie and Michael Moore ACTION REQUESTED OF COUNCIL: Staff is requesting feedback and direction from the council related to the proposed water feature, the snowmelt system, the budget and the general design. In addition, staff is requesting feedback on whether to consider a name change for Sundial Plaza as part of the renovation. BACKGROUND: In October of 2012, staff presented the conceptual design for the renovation of Sundial Plaza to the Town Council. Since that time, work has continued on refining the design. The components of the project include a children’s play area with artistic play elements, an interactive water feature, reconstruction/snowmelting of existing walkway and stairs, new landscaping and inclusion of ADA access into the park.The budget for the project currently stands at $850,000. The current project estimate is $890,000, including a 10% contingency. The attached memorandum outlines the budget and makes recommendations for proceeding with the project. STAFF RECOMMENDATION: Staff recommends that the project should continue through the design approval process and construction document completion with a goal of putting the project out to bid by the end of February. Staff will make adjustments if needed once bids are returned and will present to the council on April 2 with recommendations. ATTACHMENTS: Town Council Sundial Plaza Memo Sundial Plaza Presentation 2/5/2013 To: Vail Town Council From: Department of Public Works Date: February 5, 2013 Subject: Lionshead/Sundial Plaza Park and Playground I. INTRODUCTION This memo is to update the Town Council on the Sundial Plaza Renovation Project, and to ask for direction related to the proposed water feature, the snowmelt system and the general design. In October of 2012, staff presented the conceptual design for the project. At that time, the council gave general approval to continue refining the project. As a reminder, there are two goals behind the project. One is to provide a recreational/park amenity for the residents and guests of the Lionshead neighborhood. The second is to provide a cost-free, family-oriented activity for day visitors and destination guests similar to the Children’s Fountain or Pirateship Park in Vail Village. As presented in October, the components to this project include a children’s play area with artistic play elements, an interactive water feature, reconstruction/snowmelting of existing walkway and stairs, new landscaping and inclusion of ADA access into the park. A site plan, rendering and summary of these components is attached. Staff has continued communication with Lionshead merchants and property managers and presented the project to the Planning and Environmental Commission. The initial presentation to the Design Review Board will be made on Wednesday, February 6. The final presentation to PEC is scheduled for February 11. II. WATER FEATURE The inclusion of an interactive water feature in Lionshead, along the lines of the Children’s Fountain in Vail Village has been well received by merchants, property owners and managers, the PEC and the town council. Staff is proposing two design options for an interactive seasonal feature. Both include natural stone seating and appropriate lighting with edges that are flush with the adjacent plaza area. In addition, maintenance requirements are fairly simple and water will be recirculated and treated per requirements for interactive fountains. Please see the attached photos for an example of each. 2/5/2013 Town of Vail Page 2 a. Fountain Option A - $175,000 This option would be similar to the Children’s Fountain in Vail Village. It would include a shallow pool (0-4”) with five standing jets. This option is an “analog” system and would not require a computer control system. All six jets would have pool rated lighting. This fountain can be constructed within the existing budget. b. Fountain Option B - $200,000 This option would be a “pop-jet” type fountain. Also called a “splash pad”, the fountain would not have a standing pool of water and the surface would be concrete or pavers. There would be a standing frothy jet in the center and fourteen “pop nozzles” that could be programmed into various shows and could also include a “start” button so that the fountain only runs when people want to use it. During the evenings, only the center jet would operate and it could be lighted for aesthetics. c. Possible accessories Fire Feature The conceptual design included a winter fire feature for the fountain location. However, with the close proximity of the Arrabelle fireplaces, this option was removed from the design. If it was decided to add this in, the cost would be approximately $25,000. Pop-jet Lighting Lighting could be added to the pop jet nozzles for approximately $15,000, if it was desired to operate the pop system in the evening/at night. III. SNOWMELT SYSTEM Staff proposes to reconstruct and snowmelt the existing walkway and stairs through the project site. This is an important portal that connects Lionshead mall to the First Chair, Westwind, and Landmark properties as well as to the pedestrian overpass. Currently, the walkway from the Frontage Road to the Landmark is snowmelted. a. Snowmelt Considerations  The existing boiler located in the First Chair building was designed to accommodate this project and is of adequate size.  The pumps and mainlines were not included in the First Chair project but will be required at a cost of approximately $60,000. This was not anticipated in the original Sundial Plaza budget, however, see Section IV, Budget Outline.  The system will have adequate capacity to include the pathway from the pedestrian overpass, north of First Chair,. The path is now in the shadow of First Chair and gets very icy. Please note that this item was mentioned by Council at the conceptual presentation. b. Play Area Snowmelt Resilient surfacing is required in playground areas. Staff had originally proposed a poured-in-place rubber surfacing that could be snowmelted for year-round use. Staff 2/5/2013 Town of Vail Page 3 is now recommending the use of wood fiber as used in Vail’s other play areas based on the following:  Natural appeal – the wood fiber surfacing is a natural product as opposed to the rubber and would provide a nice contrast to the significant amount of paving in Lionshead.  Summer Use – the rubber surfacing can get very hot in the sun. Since this is a south-facing site, the wood surface will help to keep the area cooler during summer months.  Cost – the installation cost of rubber surfacing is approximately 5 times that of wood fiber.  Snowmelt – the cost to install snowmelt into the rubber surfacing would be approximately $30,000 plus operating costs. The mechanical engineering consultant has recommended that snowmelting the rubber surface would work only marginally.  Future alterations – if it is determined that snowmelt should be added at a future time, the wood fiber can be easily removed and used in other town parks, and a snowmelt system with rubber surfacing could be installed.  Other town playgrounds – none of the other play areas in Vail are currently snowmelted, including Pirateship Park, which is used year-round. IV. BUDGET OUTLINE The current project budget is $850,000. Please review the following: Basic Project Components  Reconstruct/snowmelt the stairs/walkway through the site  Complete the site work as proposed including ADA access, landscaping, lighting, seating and other improvements  Construct the artistic play elements including three structures with slides, bridges and climbers, and install the climbing wall on the existing retaining wall  Fountain Option 1  Install wood fiber surfacing in play area, not snowmelted. Considerations  The above project is estimated at $890,000 (see breakdown, next page)  This includes an $80,000 contingency (10%) – this could be reduced once actual project costs are known after the bid process.  This includes $60,000 for snowmelt pumps and mainlines not considered in the original budget estimate  This includes an increased mobilization estimate due to the project’s location.  There may be unused TIF funding from other recent projects that could supplement the snowmelt pumps and mainlines if needed.  Council could consider the use of Recreation Path Maintenance funds to assist with the cost of pumps and mainlines based on the option to add snowmelt to the path north of the First Chair building. 2/5/2013 Town of Vail Page 4 Budget Breakdown Stairway Work $ 115,000 (includes snowmelt pumps) Site Work/Walls/Landscaping/Utilities $ 169,000 Children’s Play Elements/Surfacing $ 206,000 Water Feature Option 1 $ 175,000 Design/Engineering $ 67,000 Mobilization/Bonding $ 78,000 Contingency (10%) $ 80,000 Project Budget Estimate $ 890,000 Budget Conclusion Based on the current project contingency and the other potential funding to assist with the snowmelt pumps, staff recommends that this project can be constructed for approximately the approved budget, potentially including Fountain Option 2. Once actual project bids are received in late March, final details can be adjusted and presented to the council for approval. See Staff Recommendations below. V. PROJECT SCHEDULE February Final design development, design review process, bid documents March Project Bidding Process April 2 Town Council approval and contract award May-June Phase I Construction – Site Work Sept-Oct Phase II Construction – Play feature installation VI. PARK NAME Sundial Plaza was originally constructed around 1983 as part of the Lionshead Mall project. The design included a sundial pattern in the paving. The plaza was renovated in 1992 and again in 2008 with Arrabelle. The sundial paving pattern no longer exists. With this new renovation, should the park/plaza space be renamed? VII. STAFF RECOMMENDATION Staff recommends that the project should continue through the design approval and construction document process with a goal of putting the project out to bid by the end of February. The bid package will include Bid Alternates for the snowmelt system and other components as needed, to be presented to the council on April 2 with recommendations. VIII. ACTION REQUESTED BY COUNCIL Staff is requesting that council provide input on the project as follows: 1. Provide comments regarding the Fountain Options 1 and 2 2. Provide comments on the budget outline and considerations 3. Should the town consider a new name for the park/plaza? 4. If the council agrees with the project’s direction, direct staff to continue through the design review process and bid process. 2/5/2013 Town of Vail Page 5 Sundial Plaza Renovation Proposed Site Plan 2/5/2013 Town of Vail Page 6 Sundial Plaza Renovation Site Renderings 2/5/2013 Town of Vail Page 7 Sundial Plaza Renovation Summary of Components A. Play Area Concept As with other recent park/play area renovations, an artist was hired as part of the design team to help develop a unique and enduring design concept. This approach has been very successful for Vail, resulting in a very distinctive playground program. With the approval of the Art in Public Places Board, the town hired Tres Birds Workshop, an art/architecture firm located in Denver. Tres Birds was identified through a Call to Artists process and selected based on their distinctive ideas and extensive list of completed projects, both large and small. The play area concept consists of naturally-shaped, nest-like play structures connected with various climbers, slides and bridges that will attract and challenge children ages 2 through 12. The shapes blend with the large existing spruce trees on the site, compliment the architectural surroundings and provide small, comfortable play spaces for kids. The play area is large enough to accommodate a large number of children, yet small enough to fit into a compact site and still allow for significant landscaping and a centerpiece water feature. The size of the play area is about the same as Pirateship Park in Vail Village. Drawings are attached. B. Reconstruct the Existing Stairway though the site The stairway that connects Lionshead to First Chair, Westwind, Landmark and the pedestrian overpass is in need of reconstruction. As part of the work, public works proposes to install snowmelt to the stairs/walkway to reduce daily maintenance requirements and liability concerns. The areas above and below these stairs were heated during the construction of the First Chair and Arrabelle projects. The stairs will be realigned to increase available park/green space. C. Water Element The Children’s Fountain in Vail Village is a destination activity for locals and guests alike. The site plan for Sundial Plaza includes a central space for a “pop-jet” or other simple fountain, similar in size to the Children’s Fountain. During the winter months, the fountain space can be designed for other purposes such as a fire feature, a seating area or as a temporary art location. D. Other Site Work The large retaining wall will remain in place and is proposed as a climbing feature for the play area. The space below the wall will be graded to a single elevation to provide simple ADA access throughout the project. New steps and a ramp will enhance access to the area. Some of the existing low walls will be removed and others will be re-veneered and seating areas added to match site walls throughout Lionshead. E. Park/Green Space The existing green space and vegetation provided by Sundial Plaza are important elements in Lionshead. The proposed site plan adds more aspen trees than currently exist along with shrubs and flowers as well as turf area above the wall. 2/5/2013 Town of Vail Page 8 Sundial Plaza Renovation Fountain Photos Fountain Option 1 Similar to the existing Children’s Fountain  Six standing analog jets  Shallow pool  Lighting  $175,000 Fountain Option 2 Pop-jet splash pad  14 Programmed pop jet nozzles  1 standing center jet  Lighting on center jet at night  No pool  $200,000 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n Pr o j e c t U p d a t e DE P A R T M E N T O F P U B L I C W O R K S Fe b r u a r y 5 , 2 0 1 3 Photo by Jack Affleck 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n DE P A R T M E N T O F P U B L I C W O R K S Gr e g g B a r r i e La n d s c a p e A r c h i t e c t Of f i c e : 1 . 9 7 0 . 4 7 9 . 2 3 3 7 Mo b i l e : 1 . 9 7 0 . 3 9 0 . 3 2 8 6 gb a r r i e @ v a i l g o v . c o m 2 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   2/ 5 / 1 3 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n PR E S E N T A T I O N C O M P O N E N T S 3 To w n  of  Va i l    |   Pu b l i c  Wo r k s |    2/ 5 / 1 3 • O v e r v i e w o f p r o j e c t - t o - d a t e • S i t e P l a n U p d a t e • M i c h a e l M o o r e – a r t i s t i c p l a y e l e m e n t s • W a t e r F e a t u r e D i s c u s s i o n • P r o j e c t B u d g e t a n d S c h e d u l e • D i s c u s s i o n / Q u e s t i o n s 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n PR O J E C T T I M E L I N E T O D A T E 4 To w n  of  Va i l    |   Pu b l i c  Wo r k s |    1/ 2 8 / 1 3 • J a n . 2 0 1 2 T o w n C o u n c i l i n i t i a l p r o j e c t m e m o • F e b r u a r y C a l l t o A r t i s t s • M a r c h L i o n s h e a d M e r c h a n t A s s o c i a t i o n ( L M A ) p r e s e n t a t i o n 1 • A p r i l T o w n C o u n c i l D i s c u s s i o n AI P P r e c o m m e n d s T r e s B i r d s W o r k s h o p • J u l y A I P P a p p r o v e s p l a y a r e a C o n c e p t • S e p t e m b e r L M A p r e s e n t a t i o n 2 a n d o n g o i n g d i s c u s s i o n s w i t h m e r c h a n t s • O c t o b e r C o n c e p t u a l P r e s e n t a t i o n t o T o w n C o u n c i l • J a n . 2 0 1 3 I n i t i a l P l a n n i n g C o m m i s s i o n p r e s e n t a t i o n 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n EX I S T I N G L I O N S H E A D A M E N I T I E S 5 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   1/ 2 8 / 1 3 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n EX I S T I N G L I O N S H E A D A M E N I T I E S 6 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   1/ 2 8 / 1 3 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n CO S T - F R E E , F A M I L Y - O R I E N T E D A C T I V I T I E S 7 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   2/ 5 / 1 3 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n PR O P O S E D S I T E P L A N 8 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   2/ 5 / 1 3 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n AR T I S T I C P L A Y A R E A C O M P O N E N T S 9 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   2/ 5 / 1 3 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n AR T I S T I C P L A Y A R E A C O M P O N E N T S 10 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   2/ 5 / 1 3 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n AR T I S T I C P L A Y A R E A C O M P O N E N T S 11 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   2/ 5 / 1 3 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n WA T E R F E A T U R E / F O U N T A I N 12 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   2/ 5 / 1 3 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n WA T E R F E A T U R E – “ G I V E N S ” 13 To w n  of  Va i l    |   Pu b l i c  Wo r k s |    2/ 5 / 1 3 • I n t e r a c t i v e • F i t s w i t h i n t h e c h a r a c t e r of L i o n s h e a d • S h o u l d h a v e a e s t h e t i c ap p e a l i n e v e n i n g / n i g h t • R e a s o n a b l e m a i n t e n a n c e re q u i r e m e n t s 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n WA T E R F E A T U R E 14 To w n  of  Va i l    |   Pu b l i c  Wo r k s |    2/ 5 / 1 3 Tw o r e c o m m e n d e d o p t i o n s Bo t h i n c l u d e : • N a t u r a l s t o n e s e a t i n g • A p p r o p r i a t e L i g h t i n g • E d g e s f l u s h w i t h su r r o u n d i n g p l a z a f o r ea s y a c c e s s 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n FO U N T A I N O P T I O N 1 – S I M P L E A N A L O G S Y S T E M 15 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   2/ 5 / 1 3 • A n a l o g s y s t e m • S i x v a r i a b l e h e i g h t fo u n t a i n j e t s • S h a l l o w p o o l ( 0 - 4 ” ) • L i g h t s f o r e v e n i n g ae s t h e t i c • $ 1 7 5 , 0 0 0 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n FO U N T A I N O P T I O N 2 – P O P J E T S P L A S H P A D 16 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   2/ 5 / 1 3 • P o p - j e t s y s t e m w i t h va r i a b l e p r o g r a m s • L i g h t e d c e n t e r f o u n t a i n je t f o r e v e n i n g a e s t h e t i c • N o p o o l ( s p l a s h p a d ) • 1 4 p r o g r a m m e d “p o p - j e t s ” • $ 2 0 0 , 0 0 0 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n FO U N T A I N O P T I O N S 17 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   2/ 5 / 1 3 • F i t s w i t h i n b u d g e t • S i m p l e m e c h a n i c s • S i m i l a r t o e x i s t i n g • A d d i t i o n a l $ 2 5 , 0 0 0 • M a y f i t b u d g e t • U n i q u e w i t h i n V a i l Fo u n t a i n O p t i o n 1 Fo u n t a i n O p t i o n 2 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n SN O W M E L T S Y S T E M 18 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   2/ 5 / 1 3 • M a i n S i d e w a l k a n d st a i r s • P a r k p a v e d a r e a s – st e p s , r a m p s • 2 , 1 0 0 s f • A p p r o x . $ 7 8 , 0 0 0 • N o s n o w m e l t f o r p l a y ar e a i s p r o p o s e d 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n PR O J E C T B U D G E T 19 To w n  of  Va i l    |   Pu b l i c  Wo r k s    |   2/ 5 / 1 3 Pr o j e c t E s t i m a t e St a i r w a y W o r k  (w /  sn o w m e l t  sy s t e m ) $ 1 1 5 , 0 0 0 Si t e  Wo r k / W a l l s / L a n d s c a p i n g / U t i l i t i e s $ 1 6 9 , 0 0 0 Ch i l d r e n ’ s P l a y  El e m e n t s / S u r f a c i n g $ 2 0 6 , 0 0 0 Wa t e r F e a t u r e  Op t i o n  1 $ 1 7 5 , 0 0 0 De s i g n / E n g i n e e r i n g $ 6 7 , 0 0 0 Mo b i l i z a t i o n / B o n d i n g $ 7 8 , 0 0 0 Co n t i n g e n c y ( 1 0 % ) $ 8 0 , 0 0 0 Pr o j e c t B u d g e t  Es t i m a t e $ 8 9 0 , 0 0 0 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n PR O J E C T S C H E D U L E 20 To w n  of  Va i l    |   Pu b l i c  Wo r k s |    2/ 5 / 1 3 • F e b r u a r y C o m p l e t e d e s i g n r e v i e w p r o c e s s a n d c o n t r a c t d o c s • M a r c h B i d d i n g P r o c e s s • A p r i l 2 F i n a l T o w n C o u n c i l A p p r o v a l / C o n t r a c t A w a r d • M a y - J u n e P h a s e I C o n s t r u c t i o n – S i t e W o r k • S e p t - O c t P h a s e I I C o n s t r u c t i o n – P l a y f e a t u r e i n s t a l l a t i o n 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n SU N D I A L N A M E 21 To w n  of  Va i l    |   Pu b l i c  Wo r k s |    2/ 5 / 1 3 Wi t h t h i s r e n o v a t i o n , i s t h e r e a n y re a s o n t o c o n s i d e r r e n a m i n g t h e pa r k / p l a z a / s p a c e ? Do w e k n o w t h e o r i g i n o f t h e n a m e Su n d i a l P l a z a ? 19 7 0 ’ s 19 9 0 ’ s 19 8 0 ’ s 2/5/2013 2/5/2013 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 5, 2013 ITEM/TOPIC: Information Updates and Attachments: 1) VEAC Minutes from January 8, 2013; 2) VLMD Infrastructure/Events Update – Kelli McDonald and Kathleen Halloran 3) Economic Indicators May - October 2012 report; 4) Revenue Highlights; 5) Vail 50th Town Council and Fundraising Letters from Roger Brown; 6) Streamtract Encroachments; and 7) The Grand View memorandum. 7) Sales Tax Worksheet Dec. 12, 2012. ATTACHMENTS: VEAC 01082013 Event Assets Vail Economic Indicators Grid 2012 Summer Revenue Highlights 130130 Vail 50th TC letter Vail 50th Fundraising letter Streamtract Encroachments Update Grand View Memo 020513 Sales Tax Worksheet Dec 12 2/5/2013 Vail Economic Advisory Council (VEAC) January 8, 2013 MEE,.ING NOTES • VEAC Members Present: Rayla Kundolf; Rob LeVine; Pam Stenmark; Greg Moffet; Laurie Mullen; Matt Morgan; Chris Romer; Paul Wible; Michael Kurz; Mike Ortiz; Steve Kaufman; Mark Gordon; Bob Boselli; Liz Biebl for Chris Jamot • Others Present: Jim Lamont; Adam Sutner; Jenn Bruno; Michael Cacioppo; Robin Litt; Brian Rodine; Amy Cassidy • TOV Staff Present: Town Manager Stan Zemler; Finance Director Judy Camp; Commission on Special Events Coordinator Sybill Navas; Executive Assistant Tammy Nagel; Economic Development Manager Kelli McDonald Summer 2012 Sales Tax Collections: Judy Camp presented a PowerPoint to the committee outlining 2012 summer sales tax collections. The 2012 summer sales tax collections set a record exceeding the pre-recession high set in 2008 by 2.9%. Camp stated that summer continues to represent 30% of 12-month sales tax collections. In 2012, the summer season grew 4.4% and the 201112012 winter season grew 4.0%, while inflation as measured by CPI increased 1.8% on average. Redeveloped properties (new construction or complete remodels generally including additional space), contributed $132K or 53% of the total summer sales tax collections. The redeveloped properties are up 17% from last summer; retail up 29%, lodging up 20%, and food and beverage up 10%. The base businesses were up 2%; retail flat, lodging up 7.9% and food and beverage up 11.5%. Vail Village collections increased 12.2% with redevelopment properties up 18.5%, contributing one-third of the total increase. Lionshead collections increased 9.4% with redeveloped properties up 14%, contributing 43% of the total increase. • TOV 2013 Budget: Judy Camp also reported the Vail Town Council approved the 2013 budget on December 18. Of particular interest to the VEAC, is an 8% increase in tourism spending over 2012, with the town and the VLMD planning to spend $5.5 million next year. Major event funding in addition to the CSE events, which Jenn Bruno reported on later in the meeting, include the 2015 World Alpine Ski Championships, $250,000; 2015 Nation's Event race in Vail $375,000; US Pro Cycling Challenge $75,000 from the town plus $100,000 from VLMD; and Burton US Open, $400,000. • Financial Reports: The revenue highlights from December 2012 and the October Vail Business Review were provided in the committees' packets. • Action Steps for Ideas to Enhance Economic Vitality: Stan Zemler reviewed with the committee members the VEAC Ideas to Enhance Economic Vitality Next Steps spreadsheet, which outlines the short termllong term vitality idea, the responsible parties to initiate the idea, the next steps in initiating the idea and the timing of which the enhanced economic vitality idea should be implemented by. Zemler requested each group to provide a report in March outlining what the group is working. McDonald will email out a template for the groups to use in reporting. 2/5/2013 • CSE 2013 Events: Jenn Bruno, CSE Chair, updated the council on the events that will be in town in 2013. Bruno stated the CSE has been focusing on a balanced calendar of events that represent the Vail brand, provide the best return on investment and create more life in the village. When allocating funding for events this year, CSE reduced event redundancy, eliminated non performers, rewarded events that had a good return on investment and invested in events that could provide opportunity. Bruno stated CSE members concentrated on quality events versus quantity of events. In 2013, CSE members will be working closer with event producers from the beginning to the end of their event with such things as marketing and authenticity of an event. CSE contracted with MKT Vail, principal Adam Sutner, as a strategic consultant to assist in aligning CSE objectives with Town Council and VLMD objectives, assist in marketing diligence and assist with developing a Memorial Day event. Sutner spoke to the council members about a Memorial Day event and the process behind CSE's decision on an event. The process lasted for 1.5 hours each and consisted of two focus groups made up of second homeowners, destination and fulltime residents. There were several concepts tested such as a lUXUry festival, family fun, comedy, music and food. The lUXUry festival did not resonate at all and the feedback was that Vail is for participants -not spectators. Family Fun was viewed as too prosaic, plus awkward school schedules. A comedy festival was seen as fresh and bold, but all mentioned the need for a "big name" and ultimately viewed as quasi-appealing and a little more polarizing. Music festival was viewed as perhaps too much music with Vail's current year around music events and other Memorial Day music festivals. A food festival had a strong reaction and enthusiasm compared to the other concepts. There are several food festival themes from hands on, competitive, celebrity and participatory. The festival could be paired with wine, mixology, demos, children's cooking and kitchen tours and possibly be tied to Health & Well-being. Sutner stated Solaris Plaza and/or Vail Square at Arrabelle would be the central staged focal point. The festival would be an expansion of the successful Gourmet on Gore Friday night programming into a weekend long series of classes, tastings, mixology events, pairing, etc. Sutner spoke to members about event attendance research background and how for the 2012 Event Calendar, the CSE commissioned an Economic Impact Research initiative that generated new data related to event ROI such as lodging, other expenditures; total generated revenue and Sales Tax revenue. Its value was espeCially helpful in terms of the allocation process for 2013 in terms of ranking and relative performance of an event. However, the key variable of event attendance relied on estimates and data supplied by the event producers themselves. The unreliability of this data undermined confidence in the data itself and the credibility of the events. In 2013 the CSE received funding to investigate the possibility of commissioning a research initiative aimed at securing reliable and comparable event attendance data for this year's Vail event schedule. Sutner stated CSE was hoping to have a vendor and methodology secured and in place for the February events; Winter Mountain Games and the Burton US Open. • Town Manager Report: None. • Citizen Input: None • Other Business: None • Next Meeting: The next meeting is scheduled for Tuesday, February 12, 2013 at The Antlers and will be a joint meeting with the VLMDAC to discuss the Health and Well-being initiatives. 2/5/2013 IVail6::onomiCAdvisory 0:u1d1 Ideasto B1ha11(2 6::0n0micVitality TOWN OFe;[»8-Jln.13 Economic Development Office 2/5/2013 TO: Vail Town Council FROM: Economic Development and Finance Departments DATE: January 26, 2013 SUBJECT: VLMD / Events Infrastructure Observations I. SUMMARY On March 20, 2012 Council was presented with a first look at infrastructure observations made by the Vail Local Marketing District based on guest priorities and maintaining a competitive edge over other mountain resorts for summer guests. The below list of suggested improvements (with priorities listed in bold) have been updated to reflect current projects. Where appropriate, the town has incorporated these suggestions into project plans. II. DISCUSSION  Way Finding: Capital project currently underway o Signage expanded on Frontage Roads and at intersections o Multilingual essential o Landmarks identified o Utilize European model o Interactive o Mobile technology o Put a VLMDAC member on the task force/committee  Information Centers: Capital project currently underway; Level of customer service has been better defined in a revised contract with the current service provider; Plans to RFP for this service later this year o Upgrade Vail Village Info Center– apply best practices and most effective technology solutions from the Lionshead Welcome Center o Knowledgeable, friendly staff o Activity reservations o Tie-in with Vail Mountain activity/info centers o Better information – hiking, cycling, shopping, dining, lodging, event, activity options o Centralized calendar: 1st Qtr 2013 2/5/2013 Town of Vail Page 2  Hiking/ Biking o Transportation pilot program with increased access to Vail trailheads o Maps, apps and increased web site content: Completed Summer 2012 o Better signage o Better connectivity for bike paths and walking paths o Guided options  Event Venues (combined with input from Commission on Special Events members and event promoters) o Comprehensive electrical power plan including inventory, needs, costs for all TOV event sites o Permanent outdoor stage, perhaps at Mountain Plaza o Consider town-wide sound system o Lighting on path at Betty Ford Way: currently part of the Ford Park improvements project o Improved concession stands and restrooms: Ford Park and Athletic Field: currently part of the Ford Park improvements project o More public restrooms are needed: Restrooms being added with Main Vail F.S. renovation; o New and redeveloped facilities need to be affordable and have state of the art A/V equipment: Both the Vail Library and Grand View Room have updated equipment o Updated, accurate scalable maps: Completed 4th Qtr 2012 o Online permits that can be submitted back online: 1st Qtr 2013 o Turn key for event promoters o Lack of power is a problem throughout town o More outdoor wedding venues o Education space for meetings/groups o Need a concert venue for 5,000+ people o Permanent stage at Mountain Plaza o Need to utilize fields for concerts/festivals – synthetic turf? o Need more sand volleyball courts o Ford Park parking lot – lights, power, fencing, better access o Need dumpster locations with easy access at all of the main event venues o Additional Vail Village banner display site o Need more spots for posters o Liquor licenses are problematic o Predetermined tent locations and vehicle placements by season o Online calendar with multiple access points for populating  Parking Structures and Booths o Need exterior face lift to match redevelopment: Renovation of Lionhead parking structure entry budgeted for design in 2013 and construction in 2014. o Better lighting, signage and wall paint for safety and way finding: Lighting completed winter of 2011/12. Signage and way finding part of Guest Service Enhancements project currently underway. o Compatibility with the Vail brand 2/5/2013 Attachment: Vail Economic Indicators Table Town of Vail Economic Indicators Summary: January 2013 Update (Based on data as of October 31, 2012) INTRODUCTION: This introduces a summary report of Vail Economic Indicators based on October 31, 2012 data and updated as summer (May – October) data became available. This summary is intended to provide a review of recent economic activity and to serve as a benchmark from which future activity can be compared. The data is depicted by general category (Tourism, Real Estate, Town Revenue, Business Growth and Macroeconomics) and revised seasonally (Winter: November – April; Summer: May – October). While the base data is presented in a chart format, this brief summary is provided as a part of the Town of Vail 2012 Economic Development Strategic Plan and is limited in scope by the availability of data from secondary sources, and thought to be generally accurate but not independently verified. As a result, it is most suitable for use as a general overview. The narrative overview below is supported by a more granular chart (attached). Most statistical comparisons are based on year-over-year comparisons as of October 31, 2012, vs. October 31, 2011, and reflect a summer seasonal view (May – October) unless otherwise indicated: TOURISM indicators have steadily increased over the last two years, some of which have exceeded pre-recessionary times of 2008. Vail has seen steady increases in summer lodging occupancy, average daily rate and revenue per available room. Lodging occupancy in Vail during the summer of 2012 increased over the previous year (+6.7%) as did average daily rate (+3.6%) resulting in a significant increase in revenue per available room (+10.6%). When comparing Vail to other U.S. western mountain resorts (based on overall MTRiP industry data), the “industry” increased in all three lodging metrics to a similar degree as Vail with occupancy increasing +6.9% and average daily rate increasing +3.9% resulting a year over year percentage change in revenue per available room of +11.1%, compared to Vail’s +10.6% increase. Traffic through the Tunnel increased very slightly after declining for two years in a row (+0.8%), possibly due to stagnant gas prices that have remained high since the previous summer (-1.2%) nearing the all-time highs during the summer of 2008. Additionally, available seats on flights in to the Eagle County Regional Airport (EGE) have significantly declined (-33.5%) since last summer resulting in a decline, but to a lesser extent, in the number of guests who flew in EGE (-21.8%). Passenger deplanements increased very slightly at Denver International Airport (+0.7%). 29 different special events took place during the summer months, which includes the addition of three new events (3,410 attendees) and the discontinuation of 5 events that were held in the summer of 2011. Most notable, the USA Pro Cycling Challenge did not occur in Vail in 2012 which accounted for 30,000 attendees. The Town of Vail contracted with a third party research firm (RRC Associates) to provide attendance counts for publicly funded events in 2012. Prior to this, event producers provided their own attendance numbers, which, in many cases, were inaccurate due to inconsistent method of counting used. Due to this different manner of accounting for event attendees, there is little merit in comparing 2011 attendance to 2012 attendance. However, a baseline is in place for future comparisons that will provide consistency in the future. Tourism indicators continue to show inconsistent trends but overall continue to move in a positive direction and attribute to tangible increases in sales and lodging tax (see Town Revenue Metrics). REAL ESTATE indicators show positive movement in sales volume during the summer of 2012 compared to the previous summer. The summer of 2012 may be the start of a more “normal” real estate sales season, instead of inconsistent real estate sales patterns due to the redevelopment of Vail and newly constructed lodging properties and have been contrary to the overall down national economy and poor real estate market. As a result, there may be little merit in comparing the summer of 2012 real estate indictors to the previous summer but there are a few items to note. When comparing summer 2012 to summer 2011, the following observations can be made: the number of transactions has dramatically increased (+67.7%) as has the total gross sales but to a lesser degree (+49.4%). Conversely, price per square foot (-9.9%) and average price per transaction (-4.2%) have decreased slightly. The list-to-sale price ratio (+.07%) has essentially remained the same. Very few units in newly constructed high-end developments were sold during this time period, while many more existing properties were sold than in past seasons. This is an indicator that real estate sales are being less dominated by the sales of large quantities of new high-end units and since the new construction pipeline has dried up, the normalcy of the summer of 2012 will start to be apparent when future seasons show less inconsistent spikes and dips. 2/5/2013 Attachment: Vail Economic Indicators Table TOWN REVENUE include: sales tax, construction use tax, property tax and real estate transfer tax revenues along with general fund balance as an indicator of the Town’s level of reserves. Sales tax is segmented by business type (retail, lodging and food/beverage) and further broken down geographically by Vail neighborhoods. All segments combined showed a strong increase in overall summer sales tax revenue (+8.2%) following the previous summer season’s sales tax revenue, which had increased significantly (+13.2%) after the economic downturn in the fall of 2008 that continued through Summer 2009 and 2010. Specifically lodging (+9.8%) and food and beverage (+10.1%) sales tax collections saw a higher year over year increase than retail (+4.8%) for the second year in a row. When segmented by neighborhood Vail Village saw the largest increases overall (+10.2%) compared to Lionshead (+8.7%) and Cascade/Sandstone/East & West Vail (+3.7%). The sales tax collected during the summer of 2012 reflects the highest level of any summer in history. The new lodging properties, restaurants and retail outlets, specifically Solaris and the Four Seasons at Vail, all have been opened for at least one year and are included in the tax revenues for 2011, thus providing more of an “apples vs. apples” comparison for this 2012 analysis. Despite this, continued increases in all segments are apparent and show overall an increase in spending in the Town of Vail, not just due to new tax collection opportunities by way of new businesses. A study conducted by MTRiP shows that the average of comparable ski towns was also up season-over-season in both taxable sales (+5.7%) and in taxable lodging sales (+10.5%) but to a slightly higher degree than the Town of Vail. This season’s upturns, in addition to the increases the summers of 2010 and 2011, have resulted in 2012 sales tax collections exceeding the pre-recession season of 2008 by +14.0% in the Town of Vail. * Annual Metrics are used instead of seasonal metrics to track construction use tax, property tax, real estate transfer tax and town reserves, and therefore are not available for analysis for this iteration of this summary. BUSINESS GROWTH is based on broader county and national indicators, many of which are tracked on an annual basis and lag significantly. Most indicators are not available for this update, except Banking Deposits in Eagle County are up (+1.1%) from the previous reporting period (July 2010 – June 2011). MACROECONOMICS: While the recession of 2007 – 2009 is officially well in the rearview mirror, full recovery in global and domestic economies continues to be tenuous as one set of issues has been replaced by another. Domestic GDP growth remains well below the expectations of 24 months ago, at or near 1.5 percent for much of that time. Similar situations exist in many western countries to which the U.S. financial system is closely tied and sovereign debt throughout the Eurozone remains a threat to domestic financial recovery and stability. Amidst this uncertainty abroad, federal lawmakers in the U.S. continue to struggle to find their footing on several key budgetary issues, with partisan discussions on spending and taxation dominating the landscape with mostly limited results that lack the conviction of an enduring commitment. While progress is being made, the pace is fomenting uncertainty among employers who have been adding an average of 155,000 jobs in recent months, and though significant, are yet to indicate that they are willing to invest in the creation the 250,000 or more jobs required to positively impact unemployment in a sustained manner. At the forefront of both the economic and travel picture, the consumer is struggling to find the level of confidence that establishes market-driven demand, though consumer confidence does continue to very slowly work its way up from stagnation. In a positive light, recent significant gains in financial markets cannot be ignored, and indicate investor confidence in recent economic policy that should trickle to the employment and ultimately consumer levels. However, significant issues remain to be resolved, the first of which is the sequestration of $1.2 trillion in spending, which both parties agree must be avoided and will automatically occur on March 1st if no action is taken. This will be followed almost immediately by funding the U.S. Government, which must be secured by March 27th to avoid a shutdown and, perhaps most urgently, the resolution of the recently extended debt ceiling which will expire on May 18th. How these issues are resolved, not only mechanically but also from a policy and timing perspective, will determine how markets, employers and ultimately consumers will behave and set the pace of ongoing recovery. This foundational data set and summary will be further updated and expanded upon seasonally, taking its place among the tools available to the Town, its various committees and the public it serves. Ralf Garrison Director and Senior Analyst Mountain Travel Research Program 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T R i P i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v a r i e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t t o b e a c c u r a t e , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d b e s t u s e d as a general overview as a result. In d i c a t o r S o u r c e F o c u s S t u d y R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) Re p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) Re p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) Re p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) Re p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) Report Date ('09-'10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) N/ A Win t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 59 . 6 % Win t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 60 . 3 % Win t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 58 . 6 % Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 52.1%Winter (November '09 - April '10)54.7%Winter (November '10 - April '11)55.2%Winter (November '11 - April '12)55.8% Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 39 . 1 % Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 38 . 4 % Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 39 . 4 % Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 38 . 0 % Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 33.5%Summer (May '10 - October '10)35.1%Summer (May '11 - October '11)38.5%Summer (May '12 - October '12)41.1% Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) N/ A Win t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) $3 6 3 Win t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) $3 7 6 Win t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) $4 0 7 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) $384Winter (November '09 - April '10)$353Winter (November '10 - April '11)$374Winter (November '11 - April '12)$403 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $1 4 2 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $1 5 8 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $1 5 5 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $1 5 5 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $146Summer (May '10 - October '10)$151Summer (May '11 - October '11)$163Summer (May '12 - October '12)$169 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) No t a v a i l a b l e Win t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) No t a v a i l a b l e Win t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) No t a v a i l a b l e Va i l R e c r e a t i o n Di s t r i c t Vi s i t o r s t o t h e V a i l Go l f C o u r s e Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 23 , 0 0 0 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 22 , 3 0 0 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 24 , 6 0 0 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 24 , 9 9 3 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 23,414Summer (May '10 - October '10)23,332Summer (May '11 - October '11)21,963Summer (May '12 - October '12)25,000 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 33 2 , 4 2 4 Win t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 32 5 , 9 7 2 Win t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 34 2 , 4 1 7 Win t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 35 0 , 8 9 6 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 288,307Winter (November '09 - April '10)324,979Winter (November '10 - April '11)343,896Winter (November '11 - April '12)319,223 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 297,349Summer (May '10 - October '10)312,603Summer (May '11 - October '11)645,725Summer (May '12 - October '12)Not available Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 18 1 , 2 7 5 Win t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 17 6 , 7 1 6 Win t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 17 4 , 0 8 5 Win t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 18 4 , 5 0 5 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 182,028Winter (November '09 - April '10)187,045Winter (November '10 - April '11)179,971Winter (November '11 - April '12)167,682 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 218,482Summer (May '10 - October '10)221,233* (VVMC Parking Lot Closed)Summer (May '11 - October '11)463,139Summer (May '12 - October '12)Not available Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 4, 7 1 2 Win t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 9, 4 0 6 Win t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) N/ A Win t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 5, 9 4 7 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 7,836Winter (November '09 - April '10)7,795Winter (November '10 - April '11)1,675Winter (November '11 - April '12)2,074 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) JU L Y 4 T H Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) JU L Y 4 T H Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) JU L Y 4 T H Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) JU L Y 4 T H Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) JU L Y 4 T H Summer (May '10 - October '10)4,853Summer (May '11 - October '11)3,072Summer (May '12 - October '12)Not available Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 43 / V V 1 3 / L H Win t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 45 / V V 2 7 / L H Win t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 66 / V V 3 1 / L H Win t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 58 / V V 2 5 / L H Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 50 / V V 2 5 / L H Winter (November '09 - April '10)40/VV 20/LHWinter (November '10 - April '11)7/VV 7/LHWinter (November '11 - April '12)8/VV 7/LH Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) JU L Y 4 T H Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) JU L Y 4 T H Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) JU L Y 4 T H Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) JU L Y 4 T H Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) JU L Y 4 T H Summer (May '10 - October '10)21/VV 14/LHSummer (May '11 - October '11)15/VV 9/LHSummer (May '12 - October '12)Not available Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 9, 0 0 7 , 7 3 2 Win t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 10 , 8 9 4 , 0 4 2 Win t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 11 , 3 5 9 , 3 5 0 Win t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 12 , 0 0 5 , 3 7 7 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 11 , 6 1 2 , 9 9 0 Winter (November '09 - April '10)11,848,627Winter (November '10 - April '11)12,421,502Winter (November '11 - April '12)12,618,182 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 11 , 5 6 1 , 6 6 6 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 12 , 6 3 9 , 8 4 5 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 13 , 2 3 7 , 8 1 8 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 13 , 6 0 0 , 0 7 9 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 13 , 5 1 7 , 7 9 2 Summer (May '10 - October '10)13,974,281Summer (May '11 - October '11)14,117,198Summer (May '12 - October '12)14,213,370 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 17 5 , 6 4 1 Win t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 18 0 , 0 8 6 Win t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 17 9 , 6 2 0 Win t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 18 1 , 6 0 2 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 173,333Winter (November '09 - April '10)166,409Winter (November '10 - April '11)161,847Winter (November '11 - April '12)147,121 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 39 , 7 7 9 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 37 , 7 5 0 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 48 , 0 4 3 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 37 , 3 0 0 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 8, 4 3 4 ( a i r p o r t wa s c l o s e d M a y - Aug.)Summer (May '10 - October '10)37,760Summer (May '11 - October '11)32,418Summer (May '12 - October '12)26,626 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) No t a v a i l a b l e Win t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) No t a v a i l a b l e Win t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 20 , 0 0 4 Win t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 18 , 0 5 1 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 20,949Winter (November '09 - April '10)17,483Winter (November '10 - April '11)16,323Winter (November '11 - April '12)17,757 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 25 , 0 3 2 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 22 , 6 5 8 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 26 , 0 9 8 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 24,774Summer (May '10 - October '10)24,168Summer (May '11 - October '11)26,132Summer (May '12 - October '12)26,142 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) No t a v a i l a b l e Win t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) No t a v a i l a b l e Win t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 14 , 3 1 9 Win t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 12 , 5 7 5 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 11,576Winter (November '09 - April '10)10,616Winter (November '10 - April '11)6,972Winter (November '11 - April '12)8,689 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 31 , 1 0 3 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 25 , 3 4 0 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 19 , 3 1 9 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 18,000Summer (May '10 - October '10)17,237Summer (May '11 - October '11)18,307Summer (May '12 - October '12)27,883 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 3, 6 1 1 , 6 4 8 Win t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 5, 4 0 6 , 9 5 2 Win t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 5, 6 9 4 , 8 8 4 Win t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 5, 7 0 9 , 0 0 7 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 5, 7 3 0 , 8 8 9 Winter (November '09 - April '10)5,690,262Winter (November '10 - April '11)5,236,367Winter (November '11 - April '12)5,160,226 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 5, 4 8 8 , 3 9 9 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 5, 5 8 5 , 1 5 8 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 6, 0 7 4 , 0 2 7 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 5, 8 2 1 , 0 9 2 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 6, 0 4 3 , 7 2 0 Summer (May '10 - October '10)5,833,139Summer (May '11 - October '11)5,554,275Summer (May '12 - October '12)5,598,788 Ea s t e r : D a t e S u n d a y Ma r c h 2 7 , 2 0 0 5 Su n d a y Ap r i l 1 6 , 2 0 0 6 Su n d a y Ap r i l 8 , 2 0 0 7 Su n d a y Ma r c h 2 3 , 2 0 0 8 Su n d a y Ap r i l 1 2 , 2 0 0 9 SundayApril 4, 2010SundayApril 24, 2011SundayApril 8, 2012 4t h o f J u l y : D a y o f th e w e e k Ju l y 4 , 2 0 0 5 Mo n d a y Ju l y 4 , 2 0 0 6 Tu e s d a y Ju l y 4 , 2 0 0 7 We d n e s d a y Ju l y 4 , 2 0 0 8 Fr i d a y Ju l y 4 , 2 0 0 9 SaturdayJuly 4, 2010SundayJuly 4, 2011MondayJuly 4, 2012Wednesday Ch r i s t m a s : D a y o f th e w e e k De c e m b e r 2 5 , 2 0 0 5 Su n d a y De c e m b e r 2 5 , 2 0 0 6 Mo n d a y De c e m b e r 2 5 , 2 0 0 6 Tu e s d a y De c e m b e r 2 5 , 2 0 0 7 We d n e s d a y De c e m b e r 2 5 , 2 0 0 8 ThursdayDecember 25, 2009FridayDecember 25, 2010SaturdayDecember 25, 2011Sunday85,000 (estimate) Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m ( 2 0 0 4 - 2 0 1 2 ) Ea g l e C o u n t y Air p o r t Nu m b e r o f d a y s Pa r k i n g s t r u c t u r e s fu l l Nu m b e r o f ve h i c l e s i n V a i l Vi l l a g e P a r k i n g St r u c t u r e TO V T r a n s p o r t a t i o n Lo d g i n g R e p o r t : Oc c u p a n c y MT R i P : B o o k i n g pa t t e r n s a t 1 8 V a i l lo d g i n g p r o p e r t i e s Lo d g i n g R e p o r t : Av e r a g e N i g h t l y Ro o m R a t e s MT R i P : B o o k i n g pa t t e r n s a t 1 8 V a i l lo d g i n g p r o p e r t i e s Va i l R e c r e a t i o n Di s t r i c t Annual (January '12 - December '12) Co m m u n i t y Ce n t e r At t e n d a n c e Pa r k i n g C o u n t s TO V T r a n s p o r t a t i o n TO V T r a n s p o r t a t i o n Nu m b e r o f ve h i c l e s i n Lio n s h e a d P a r k i n g St r u c t u r e Annual (January '11 - December '11)80,000 (estimate) CD O T TO V T r a n s p o r t a t i o n Co m m u n i c a t i o n De p a r t m e n t Tu n n e l T r a f f i c Va i l I n f o r m a t i o n Ce n t e r V i s i t s Co m m u n i c a t i o n De p a r t m e n t DI A Ai r p o r t St a t i s t i c s Ho l i d a y T i m i n g Ca l e n d a r Av e r a g e n u m b e r of r o o m s o c c u p i e d (2 2 4 7 o u t o f 3 5 9 8 ) Av e r a g e n i g h t l y ro o m r a t e s Nu m b e r o f v i s i t o r s to t h e D o b s o n I c e Ar e n a Annual (January '10 - December '10) Nu m b e r o f v i s i t s t o th e L i o n s h e a d In f o r m a t i o n C e n t e r Nu m b e r o f ve h i c l e s o n fr o n t a g e r o a d s Nu m b e r o f p e o p l e in t o D e n v e r In t e r n a t i o n a l Air p o r t 75,000 (estimate) An n u a l ( J a n u a r y ' 0 9 - D e c e m b e r ' 0 9 ) 80 , 0 0 0 ( e s t i m a t e ) An n u a l ( J a n u a r y ' 0 8 - D e c e m b e r ' 0 8 ) 80 , 0 0 0 ( e s t i m a t e ) Nu m b e r o f p e o p l e in t o E a g l e C o u n t y Air p o r t Nu m b e r o f ve h i c l e s t h r u t h e Ei s e n h o w e r Tu n n e l / V a i l P a s s Nu m b e r o f v i s i t s t o th e V a i l V i l l a g e In f o r m a t i o n C e n t e r Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m Pa g e 1 o f 7 Last Modified: 1/30/2013 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T R i P i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v a r i e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t t o b e a c c u r a t e , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d b e s t u s e d as a general overview as a result. In d i c a t o r S o u r c e F o c u s S t u d y R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) Re p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) Re p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) Re p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) Re p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) Report Date ('09-'10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m ( 2 0 0 4 - 2 0 1 2 ) Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 . 9 4 Win t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) $2 . 3 3 Win t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) $2 . 3 3 Win t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) $3 . 0 3 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) $1.83Winter (November '09- April '10$2.85Winter (November '10 - April '11)$3.12Winter (November '11 - April '12)$3.35 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $2 . 4 4 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $2 . 7 7 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $3 . 0 0 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $3 . 6 9 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $2.44Summer (May '10 - October '10)$2.76Summer (May '11 - October '11)$3.56Summer (May '12 - October '12)$3.52 Ev e n t At t e n d a n c e Hi g h l i n e S p o r t s & En t e r t a i n m e n t Ca r n i v a i l Fe b r u a r y 5 - 8 , 2 0 0 5 (U n t r a d i t i o n a l M k t g ) 3, 5 0 0 Fe b r u a r y 2 6 - 2 8 , 2 0 0 6 VR I p r o d u c e d t h e ev e n t - n o # ' s av a i l a b l e Fe b r u a r y 1 8 - 2 0 , 20 0 7 ( V V T C B ) 7, 0 0 0 Fe b r u a r y 3 - 5 , 2 0 0 8 (H i g h l i n e S p o r t s ) 10 , 0 0 0 Fe b 2 2 - 2 4 , 2 7 , 2 0 0 9 15,000Feb 14- 20, 201020,000Mar 6-11, 201120,000Feb 21, 201220,000 Va i l V a l l e y Fo u n d a t i o n Th e S e s s i o n / T e v a Wi n t e r G a m e s Ja n u a r y 1 3 - 1 6 , 2 0 0 5 10 , 0 0 0 Ja n u a r y 1 2 - 1 5 , 2 0 0 6 14 , 7 5 0 Ja n u a r y 1 1 - 1 4 , 20 0 7 15 , 0 0 0 Fe b r u a r y 7 - 1 0 , 2 0 0 8 17 , 0 0 0 Ev e n t d i d n o t o c c u r Ev e n t d i d n o t oc c u r Event did not occurEvent did not occurEvent did not occurEvent did not occurTeva Winter Games: Year 1 Feb 9-12, 201210,000 Sk i a n d S n o w b o a r d Clu b V a i l Ju n i o r O l y m p i c s : 7 da y s / 1 s t W e e k i n Ma r c h e a c h y e a r 20 0 5 16 0 A t h l e t e s , w/ p a r e n t s + co a c h e s 2 5 6 t o t a l 20 0 6 : V a i l + B C 16 5 A t h l e t e s w/ p a r e n t s + co a c h e s 2 6 5 t o t a l 20 0 7 Ev e n t w a s h e l d i n As p e n 20 0 8 17 5 A t h l e t e s w/ p a r e n t s + co a c h e s 2 8 0 t o t a l Ma r c h 5 - 1 1 , 2 0 0 9 16 0 a t h l e t e s March 3-11, 2010170 athletes2011Event did not occurMar 3-10, 2012175 athletes 500 total Va i l F i l m I n s t i t u t e V a i l F i l m F e s t i v a l M a r c h 3 1 - A p r i l 3 , 2 0 0 5 10 , 0 0 0 Ma r c h 3 0 - A p r i l 2 , 20 0 6 12 , 0 0 0 Ma r c h 2 9 - A p r i l 1 , 20 0 7 14 , 0 0 0 Ap r i l 3 - 6 , 2 0 0 8 12 , 5 0 0 Ap r i l 2 - 5 , 2 0 0 9 12,000April 1-4, 201014,000Mar 31- Apr 3, 201114,000Mar 29-Apr 1, 20125,071* RRC (14,000*from recap) Ta s t e o f V a i l T a s t e o f V a i l A p r i l 6 - 9 , 2 0 0 5 No t a v a i l a b l e Ap r i l 5 - 8 , 2 0 0 6 4, 0 0 0 Ap r i l 1 1 - 1 4 , 2 0 0 7 7, 0 0 0 Ma r c h 2 9 - A p r i l 1 , 20 0 8 7, 0 0 0 Ap r i l 1 - 4 , 2 0 0 9 6,000April 8-10, 20106,600April 7, 20115,000Apr 5, 2012: Lamb Cookoff8,000 Hi g h l i n e S p o r t s & En t e r t a i n m e n t Sp r i n g B a c k t o V a i l A p r i l 4 - 1 6 , 2 0 0 5 50 , 0 0 0 Ap r i l 3 - 1 6 , 2 0 0 6 24 , 0 0 0 Ap r i l 2 - 1 5 , 2 0 0 7 26 , 0 0 0 Ap r i l 7 - 1 3 , 2 0 0 8 30 , 0 0 0 Ap r i l 1 3 - 1 9 , 2 0 0 9 30,000+April 12- 18, 201040,000Apr 16-24, 201170,000 (2 weekends)Apr 9 - 15, 201230,000 Va i l V a l l y Fo u n d a t i o n Te v a M o u n t a i n Ga m e s Ju n e 1 - 5 , 2 0 0 5 12 , 0 0 0 ( s n o w ! ) Ma y 3 1 - J u n e 4 , 2 0 0 6 28 , 0 0 0 Ma y 3 0 - J u n e 3 , 20 0 7 30 , 0 0 0 Ju n e 4 - 8 , 2 0 0 8 35 , 0 0 0 Ju n e 4 - 7 , 2 0 0 9 40 , 0 0 0 - V V F i s no w p r o m o t e r June 3-6, 201035,037June 2-5, 201146,897May 31-June 3, 201243,889* Kin g o f t h e Mo u n t a i n Ki n g o f t h e Mo u n t a i n Vo l l e y b a l l Ju n e 1 7 - 1 9 , 2 0 0 5 51 6 p a r t i c i p a n t s + 2. 5 e s t i m a t e d en t o u r a g e p e r pl a y e r Ju n e 1 6 - 1 8 , 2 0 0 6 56 0 p a r t i c i p a n t s + 2. 5 e s t i m a t e d en t o u r a g e p e r pl a y e r Ju n e 1 5 - 1 7 , 2 0 0 7 62 2 p a r t i c i p a n t s + 2. 5 e s t i m a t e d en t o u r a g e p e r pl a y e r Ju n e 1 3 - 1 5 , 2 0 0 8 65 0 p a r t i c i p a n t s + 2 . 5 e s t i m a t e d en t o u r a g e p e r pl a y e r Ju n e 1 9 - 2 1 , 2 0 0 9 76 4 p a r t i c i p a n t s +2 . 5 e n t o u r a g e pe r p l a y e r June 18-20, 2010828 participantsJune 17-19, 2011984 participantsJune 15-17, 20121,110 participants (6,860* total) Va i l C h a m b e r a n d Bu s i n e s s As s o c i a t i o n So u t h o f t h e Bo r d e r F i e s t a 20 0 5 No t i m p l e m e n t e d 20 0 6 No t i m p l e m e n t e d 20 0 7 No t i m p l e m e n t e d 20 0 8 No t i m p l e m e n t e d Ju n e 2 0 , 2 0 0 9 1,000June 12, 20102,500June 11, 20116,2002012Did not occur Va i l V a l l e y Fo u n d a t i o n Ho t S u m m e r Nig h t s 7 T u e s d a y s , J u n e 1 4 - Ju l y 2 6 , 2 0 0 5 26 , 4 0 0 10 T u e s d a y s : J u n e 1 3 - Au g u s t 2 9 33 , 0 6 3 9 T u e s d a y s : J u n e 19 - A u g u s t 2 1 , 20 0 7 32 , 6 2 5 9 T u e s d a y s : J u n e 16 - A u g u s t 1 9 , 2 0 0 8 28 , 6 6 8 9 T u e s d a y : J u n e 1 6 - Au g 1 8 36,629Tuesdays, Jun 15- Aug 2431,8659 Tuesdays, June 14- Aug 30, 201133,6839 Tuesdays, June 12- Aug 21, 201232,716 Me a d o w D r i v e Pa r t n e r s h i p Va i l F a r m e r s ' Ma r k e t Ju n e 1 9 - S e p t e m b e r (1 4 M a r k e t s ) 75 , 0 0 0 Ju n e 1 8 - S e p t e m b e r 17 , 2 0 0 6 ( 1 4 M a r k e t s ) 10 0 , 0 0 0 Ju n e 1 6 - Se p t e m b e r 2 3 , 20 0 7 ( 1 4 M a r k e t s ) 12 0 , 0 0 0 Ju n e 2 2 - S e p t e m b e r 21 , 2 0 0 8 ( 1 4 Ma r k e t s ) 13 0 , 0 0 0 Ju n e 2 1 - S e p t 2 0 , 20 0 9 ( 1 4 m a r k e t s ) 140,000June 20- Sep 19, 2010140,000June 19-Sept 25, 2011 (15 markets)168,000June 17- Sept 30 (16 Markets)140,000 Va i l C h a m b e r a n d Bu s i n e s s As s o c i a t i o n BB Q B o n a n z a 2 0 0 5 No t i m p l e m e n t e d 20 0 6 No t i m p l e m e n t e d Ju n e 2 3 , 2 0 0 7 ( 1 s t ye a r ) 1, 2 5 0 Ju n e 2 1 , 2 0 0 8 3, 5 0 0 Ju n e 2 7 , 2 0 0 9 4,200June 26, 20105,800June 25-26, 201124,0002012Did not occur Co l o r a d o L a c r o s s e Pr o m o t i o n s Va i l L a c r o s s e Sh o o t o u t Ju n e 2 5 - J u l y 4 , 2 0 0 5 92 t e a m s 18 , 3 3 0 t o t a l Ju n e 2 4 - J u l y 4 , 2 0 0 6 10 2 t e a m s 16 , 0 0 0 t o t a l Ju n e 2 7 - J u l y 4 , , 20 0 7 10 0 t e a m s 17 , 1 1 6 t o t a l Ju n e 2 8 - J u l y 6 , 20 0 8 10 4 t e a m s 18 , 8 1 9 t o t a l Ju n e 2 6 - J u l y 5 , 20 0 9 95 Teams 16 , 0 0 0 t o t a l June 26- Jul 4, 2010103 Teams 17,500 totalJune 25- July 3, 2011107 Teams 18,500June 30-July 8, 201299 Teams 23,617 Ea g l e V a l l e y E v e n t s A m e r i c a D a y s M o n d a y , J u l y 4 , 2 0 0 5 25 , 0 0 0 Tu e s d a y , J u l y 4 , 2 0 0 6 30 , 0 0 0 We d n e s d a y , J u l y 4 , 20 0 7 35 , 0 0 0 Fr i d a y , J u l y 4 , 2 0 0 8 35 , 0 0 0 Sa t u r d a y , J u l y 4 , 20 0 9 40,000Sunday, July 4, 201035,500Monday, July 4, 201142,000Wed. July 4, 2012 Human Movement Management42,000 (63 parade entries) Br a v o ! Br a v o ! ( G R F A pe r f o r m a n c e s on l y ) 18 p e r f o r m a n c e s : J u n e 26 - J u l y 2 9 , 2 0 0 5 35 , 0 6 8 19 p e r f o r m a n c e s : Ju n e 2 8 - J u l y 2 8 , 20 0 6 36 , 7 2 7 19 p e r f o r m a n c e s : Ju n e 2 7 - J u l y 2 7 , 20 0 7 32 , 6 4 9 20 p e r f o r m a n c e s : Ju n e 2 5 - J u l y 2 5 , 20 0 8 34 , 8 6 8 19 P e r f o r m a n c e s : Ju l y 1 - A u g 4 , 2 0 0 9 34,530June 25- Aug 3, 201041,46920 Performances: June 25-Aug 3, 2011 41,385June 25-Aug 4, 2012Ticketed: 45,492 Non-Ticketed: 13,205 Total: 58,697 Va i l V a l l e y Fo u n d a t i o n Va i l I n t e r n a t i o n a l Da n c e F e s t i v a l (G R F A pe r f o r m a n c e s on l y ) 6 p e r f o r m a n c e s : J u l y 3 0 - Au g u s t 7 , 2 0 0 5 9, 5 5 0 7 p e r f o r m a n c e s : Ju l y 3 0 - A u g u s t 1 3 , 20 0 6 11 , 6 5 4 8 p e r f o r m a n c e s : Ju l y 2 9 - A u g u s t 1 2 , 20 0 7 12 , 2 4 9 7 p e r f o r m a n c e s : Ju l y 2 7 - A u g u s t 9 , 20 0 8 11 , 6 9 8 8 P e r f o r m a n c e s (G R F A ) : J u l y 2 7 - Au g 1 0 , 2 0 0 9 17,500July 26- Aug 10, 201020,6099 Performances: July 26-Aug 14, 201116,968 10 Performances: July 24-Aug 11, 201218,419* Co m m i s s i o n o n Sp e c i a l E v e n t s Cu m u l a t i v e At t e n d a n c e a t GR F A Pe r f o r m a n c e s : A l l Ev e n t s Su m m e r 2 0 0 5 4 6 p e r f o r m a n c e s 80 , 0 8 4 Su m m e r 2 0 0 6 50 p e r f o r m a n c e s 91 , 7 5 2 Su m m e r 2 0 0 7 4 7 p e r f o r m a n c e s 86 , 3 3 2 Su m m e r 2 0 0 8 43 p e r f o r m a n c e s 83 , 7 6 2 Su m m e r 2 0 0 9 44 p e r f o r m a n c e s 91,013Summer 201048 performances 98,444Summer 201148 performances 101,549Summer 201249 perfomances 99,646 Mo o n R i v e r R a n c h Sa t u r d a y Af t e r n o o n C l u b 20 0 5 No t i m p l e m e n t e d 20 0 6 No t i m p l e m e n t e d 20 0 7 No t i m p l e m e n t e d Su m m e r 2 0 0 8 : ( 1 s t ye a r : 5 F r i d a y s ) 2, 5 0 0 Ju l y 3 - A u g 1 4 , 20 0 9 ( 7 F r i d a y s : Bl u e C r e e k Pr o d u c t i o n s 3,5006 Saturdays, July 10-Aug 14, 20102,9756 Saturdays, July 9- Aug 13, 20113,425June 16-Aug 11, 2012 (9 Saturdays)4,320* Fu e l P r i c e s En e r g y I n f o r m a t i o n Ad m i n i s t r a t i o n Av e r a g e p r i c e o f ga s o l i n e p e r g a l l o n (U S D ) i n C o l o r a d o - av e o f w e e k l y av e r a g e s Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m Pa g e 2 o f 7 Last Modified: 1/30/2013 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T R i P i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v a r i e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t t o b e a c c u r a t e , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d b e s t u s e d as a general overview as a result. In d i c a t o r S o u r c e F o c u s S t u d y R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) Re p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) Re p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) Re p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) Re p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) Report Date ('09-'10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m ( 2 0 0 4 - 2 0 1 2 ) Ev e n t At t e n d a n c e Mo o n R i v e r R a n c h Ro c k y M o u n t a i n An t i q u e F e s t i v a l 20 0 5 No t i m p l e m e n t e d 20 0 6 No t i m p l e m e n t e d 20 0 7 No t i m p l e m e n t e d Au g u s t 1 - 3 , 2 0 0 8 : (1 s t y e a r ) 8, 0 0 0 Au g 2 1 - 2 3 , 2 0 0 9 5,000July 16-18, 20105,000July 15-17, 20115,0002012Did not occur Te a m Ch a m p i o n s h i p s I n t l Ki c k - I t 3 v 3 S o c c e r A u g u s t 5 - 7 , 2 0 0 5 27 6 t e a m s 62 9 3 i n c l u d i n g sp e c t a t o r s Au g u s t 4 - 6 , 2 0 0 6 35 1 t e a m s 73 7 1 i n c l u d i n g sp e c t a t o r s Au g u s t 3 - 5 , 2 0 0 7 30 9 t e a m s 64 8 9 i n c l u d i n g sp e c t a t o r s Au g u s t 1 - 3 , 2 0 0 8 30 0 t e a m s 63 0 0 i n c l u d i n g sp e c t a t o r s Ju l y 3 1 - A u g 2 , 20 0 9 30 0 t e a m s 8 1 0 0 in c l u d i n g sp e c t a t o r s Jul 30- Aug 1, 2010288 TeamsJuly 29-31, 201117,400 (290 teams)July 27-29, 201217,700 (295 teams) Ea g l e V a l l e y E v e n t s V a i l A r t s F e s t i v a l Au g u s t 1 9 - 2 1 , 2 0 0 5 : LH M a l l 7, 0 0 0 Au g u s t 1 1 - 1 3 , 2 0 0 6 : E L H C i r c l e 5, 0 0 0 Au g u s t 1 0 - 1 2 , 20 0 7 : E L H C i r c l e 3, 5 0 0 Au g u s t 8 - 1 0 , 2 0 0 8 : E L i o n s h e a d C i r c l e 3, 0 0 0 Ju n e 2 6 - 2 8 , 2 0 0 9 9,000June 25-27, 20108,500June 24-26, 201110,455June 29-July 1, 201215,149 Co m m i s s i o n o n Sp e c i a l E v e n t s Va i l S o u l M u s i c Fe s t i v a l 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occurAug. 20-21, 2010 (1st year)1,700Aug. 19-20, 2011 1,600Aug. 17-19, 20121,874* Co m m i s s i o n o n Sp e c i a l E v e n t s Di v a s H a l f Ma r a t h o n 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occur2010Event did not occurAug. 19-21, 2011 (1st year)2,6922012Did not occur Co m m i s s i o n o n Sp e c i a l E v e n t s US A P r o C y c l i n g Ch a l l e n g e 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occur2010Event did not occurAug. 25, 2011 (1st Year)30,0002012Did not occur Va i l J a z z Fo u n d a t i o n Ja z z @ t h e M a r k e t 9 S u n d a y s 2, 7 0 0 9 S u n d a y s 2, 7 0 0 9 S u n d a y s 2, 7 0 0 9 S u n d a y s 2, 7 0 0 10 S u n d a y s : J u n e 28 - A u g 3 0 , 2 0 0 9 2,7009 Sundays, Jun 27- Aug 29/no July 4, 20103,000Jun 26- Aug 28, 2011 (10 Sundays)3,500June 24- Aug. 30 (10 Sundays)1,500 Va i l J a z z Fo u n d a t i o n Ja z z @ V a i l S q u a r e Ju l y 3 1 - A u g u s t 2 8 , 20 0 8 ( 1 s t y e a r : 5 Th u r s d a y s ) 3, 0 0 0 5 T h u r s d a y s : A u g 6 - Se p t 3 , 2 0 0 9 3,5005 Thursdays, Aug 5- Sep 2, 20102,700July 7- Sept 1, 2011 (9 Thursdays)7,200(9 Thursdays)9,000 Va i l J a z z Fo u n d a t i o n Va i l J a z z P a r t y S e p t e m b e r 2 - 5 , 2 0 0 5 3, 5 0 0 Se p t e m b e r 1 - 4 , 2 0 0 6 3, 5 0 0 Au g u s t 3 1 - Se p t e m b e r 3 , 2 0 0 7 3, 5 0 0 Au g u s t 2 9 - S e p t 1 , 20 0 8 3, 5 0 0 Se p t 3 - 7 , 2 0 0 9 4,000Sep 2-6, 20104,800Sept 2-5, 20113,200Aug 31- Sept 3, 20123,500 Va i l J a z z Fo u n d a t i o n Va i l J a z z F e s t i v a l : all e v e n t s co m b i n e d 20 0 5 6, 2 0 0 20 0 6 6, 2 0 0 20 0 7 6, 2 0 0 20 0 8 9, 2 0 0 Su m m e r 2 0 0 9 10,200Summer 201010,500June 26-Sept 5, 201113,900June 24- Sept 3, 2012 (40 performances)13,850* Va i l V a l l e y Fo u n d a t i o n St r e e t B e a t 2 0 0 4 - 0 5 ( 1 3 c o n c e r t s ) 31 , 5 0 0 20 0 5 - 0 6 ( 1 0 c o n c e r t s ) 28 , 5 0 0 20 0 6 - 0 7 ( 1 1 co n c e r t s ) 26 , 5 0 0 20 0 7 - 0 8 ( 6 co n c e r t s ) 22 , 6 0 0 20 0 8 - 0 9 ( 1 0 co n c e r t s ) 25,0002009-2010 (9 concerts)22,000Dec. 2010-Apr. 2011 (9 concerts)22,500Dec. 2011- April 2012 (9 performances)14,000* Gr a n d T r a v e r s e Ad v e n t u r e s Ke e n V a i l K i d s Ad v e n t u r e R a c e 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occurAug. 7, 2010396Aug. 13, 20111,744August 10-12, 20122660* Gr a n F o n d o U S A G r a n F o n d o V a i l 2 0 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occur2010Event did not occur2011Event did not occurAug. 18-19 (1st year)466* Hi g h l i n e S p o r t s & En t e r t a i n m e n t Go u r m e t o n G o r e Se p t e m b e r 3 , 2 0 0 5 (1 s t y e a r ) 7, 0 0 0 20 0 6 No t i n s t i t u t e d Se p t e m b e r 1 - 2 , 20 0 7 12 , 5 0 0 Au g u s t 2 9 - 3 1 , 2 0 0 8 18 , 0 0 0 Se p t 4 - 6 , 2 0 0 9 20,000Sept 4-5, 201020,000-30,000Sept.3-5, 2011 (Monday added)30,000Aug 31- Sept 3, 201222,500* Hi g h l i n e S p o r t s & En t e r t a i n m e n t Ok t o b e r f e s t Se p t e m b e r 9 - 1 1 & 1 6 - 18 , 2 0 0 5 40 , 0 0 0 Se p t e m b e r 8 - 1 0 & 1 5 - 17 , 2 0 0 6 40 , 0 0 0 Se p t e m b e r 7 - 9 @ 14 - 1 6 , 2 0 0 7 40 , 0 0 0 Se p t e m b e r 5 - 7 & 1 2 - 14 , 2 0 0 8 40 , 0 0 0 Se p t 1 1 - 1 3 & 1 8 - 2 0 , 20 0 9 40,000+Sept 10-12 & 17-19, 201040,000-50,000Sept. 9-11 & 16-18, 201140,000Sept 7-9 LH, Sept 14-16 VV, 201231,000* I O p e n e r s Va i l R e s t a u r a n t Mo n t h 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occurSept. 20- Oct 17, 2010 (1st year event)UndeterminedSept. 19-Oct.16, 2011Event did not occurSept. 17- Oct. 1412,000* Am e r i c a C u p A m e r i c a C u p 2 0 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occur2010Event did not occurSept. 15-18, 2011 (1st year)600Sept. 20-23850* An t h e m S p o r t s T o u r o f V a i l 2 0 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occur2010Event did not occur2011Event did not occurSept. 29-30 (1st year) 2,521* Li v i n g W e l l Liv i n g A t Y o u r Pe a k 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occur2010Event did not occur2011Event did not occurSept. 13-15423 Li o n s h e a d Me r c h a n t ' s As s o c i a t i o n C o l o r a d o G r a n d S e p t e m b e r 1 2 - 1 7 , 2 0 0 5 25 0 p a r t i c i p a n t s , 40 0 C o n c o u r s sp e c t a t o r s Se p t e m b e r 1 7 - 2 1 , 20 0 6 25 0 p a r t i c i p a n t s , no c o n c o u r s Se p t e m b e r 1 6 - 2 0 , 20 0 7 25 0 p a r t i c i p a n t s , no c o n c o u r s Se p t e m b e r 1 5 - 2 0 , 20 0 8 27 5 p a r t i c i p a n t s , 1, 2 5 0 C o n c o u r s sp e c t a t o r s Se p t 1 7 - 1 8 , 2 0 0 9 1,000Sept 16-17, 2010225 Participants 1200 SpectatorsSept 16-17, 2011350 participants 1200 SpectatorsSept. 14-15, 20122,050* Va i l S y m p o s i u m Un l i m i t e d Ad v e n t u r e S p e a k e r Se r i e s ( 6 e a c h ye a r ) 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 72 5 20 0 7 1, 1 5 2 20 0 8 85 8 20 0 9 1,007201077720118152012671 Va i l V a l l e y S o c c e r Clu b Va i l C h a l l e n g e C u p O c t o b e r 1 - 2 , 2 0 0 5 2, 2 0 0 p l a y e r s 4, 0 0 0 s p e c t a t o r s Oc t o b e r 7 - 8 , 2 0 0 6 2, 2 0 0 p l a y e r s 4, 0 0 0 s p e c t a t o r s Oc t o b e r 6 - 7 , 2 0 0 7 2, 0 0 0 p l a y e r s 3, 5 0 0 s p e c t a t o r s Oc t o b e r 4 - 5 , 2 0 0 8 1, 8 0 0 p l a y e r s 3, 2 0 0 s p e c t a t o r s Su m m e r 2 0 0 9 1, 5 0 0 p l a y e r s 3, 5 0 0 s p e c t a t o r s Summer 20101980 players 3,500-4000 spectatorsOctober 1-2, 20113,100Oct. 6-7, 20127,500* Sk i a n d S n o w b o a r d Clu b V a i l Sk i S w a p O c t o b e r 2 8 - 2 9 , 2 0 0 5 3, 0 0 0 Oc t o b e r 2 7 , 2 8 , 2 0 0 6 3, 0 0 0 Oc t o b e r 2 6 - 2 7 , 20 0 7 3, 5 0 0 No v e m b e r 7 - 8 , 20 0 8 4, 0 0 0 No v e m b e r 2 0 0 9 1,700November 20102,100October 28-29, 20112,862Oct. 26-27, 20122,095 Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m Pa g e 3 o f 7 Last Modified: 1/30/2013 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T R i P i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v a r i e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t t o b e a c c u r a t e , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d b e s t u s e d as a general overview as a result. In d i c a t o r S o u r c e F o c u s S t u d y R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) Re p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) Re p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) Re p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) Re p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) Report Date ('09-'10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m ( 2 0 0 4 - 2 0 1 2 ) Ev e n t At t e n d a n c e Hi g h l i n e S p o r t s & En t e r t a i n m e n t Sn o w D a z e 2 0 0 5 Ev e n t d i d n o t o c c u r De c e m b e r 4 - 1 7 , 2 0 0 6 (1 s t y e a r ) 15 , 0 0 0 De c e m b e r 3 - 1 6 , 20 0 7 20 , 0 0 0 De c e m b e r 8 - 1 5 , 20 0 8 17 , 5 0 0 De c e m b e r 2 0 0 9 20,000December 201075,000Dec. 5-11, 201175,000Dec. 10-16, 201255,000 Hi g h l i n e S p o r t s & En t e r t a i n m e n t Va i l F a m i l y Ho l i d a z e 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occurDecember 2010 (1st year)Not AvailableDec. 17-25, 3150,000Dec. 17-25, 31, 201250,000 * Attendence counted by third party (RRC) Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m Pa g e 4 o f 7 Last Modified: 1/30/2013 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T R i P i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v a r i e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t to b e a c c u r a t e , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d best used as a general overview as a result. In d i c a t o r S o u r c e D e s c r i p t i o n R e p o r t D a t e ( ' 0 4 - ' 0 5 ) D a t a ( ' 0 4 - ' 0 5 ) R e p o r t D a t e ( ' 0 5 - ' 0 6 ) D a t a ( ' 0 5 - ' 0 6 ) R e p o r t D a t e ( ' 0 6 - ' 0 7 ) D a t a ( ' 0 6 - ' 0 7 ) R e p o r t D a t e ( ' 0 7 - ' 0 8 ) D a t a ( ' 0 7 - ' 0 8 ) R e p o r t D a t e ( ' 0 8 - ' 0 9 ) D a t a ( ' 0 8 - ' 0 9 )Report Date ('09-'10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 29 7 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) 17 4 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) 17 5 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) 17 7 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) 97 Winter (November '09 - April '10)121Winter (November '10 - April '11)148Winter (November '11 - April '12)151 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 27 0 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 21 7 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 15 8 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 14 9 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 11 5 Summer (May '10 - October '10)195Summer (May '11 - October '11)126Summer (May '12 - October '12)186 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $7 7 8 , 2 9 8 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $1 , 1 6 8 , 2 4 9 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $2 , 1 6 9 , 9 3 3 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $2 , 2 5 8 , 3 6 4 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $2 , 8 5 4 , 3 2 5 Winter (November '09 - April '10)$1,641,593Winter (November '10 - April '11)$1,780,462Winter (November '11 - April '12)$1,709,393 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $1 , 6 4 1 , 1 0 7 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $1 , 3 9 1 , 5 2 6 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $1 , 3 7 0 , 6 9 2 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $2 , 5 0 8 , 7 8 7 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $1 , 1 1 2 , 7 2 8 . 7 0 Summer (May '10 - October '10)$2,111,644.10Summer (May '11 - October '11)$1,443,006Summer (May '12 - October '12)$1,382,832 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $6 0 2 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $7 2 7 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $9 0 2 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $7 6 8 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 , 1 0 3 Winter (November '09 - April '10)$791Winter (November '10 - April '11)$809Winter (November '11 - April '12)$820 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $6 5 6 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $8 3 1 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $7 2 6 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $1 , 3 4 4 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $5 6 8 Summer (May '10 - October '10)$1,060Summer (May '11 - October '11)$724Summer (May '12 - October '12)$652 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $2 2 9 , 4 5 1 , 0 0 0 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $2 0 3 , 2 7 5 , 3 0 0 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $3 7 9 , 7 3 8 , 2 0 0 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $3 9 9 , 7 3 0 , 5 0 0 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $2 7 6 , 8 6 9 , 5 0 0 Winter (November '09 - April '10)$198,632,700Winter (November '10 - April '11)$258,807,117Winter (November '11 - April '12)$252,990,200 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $4 4 3 , 0 9 8 , 8 0 0 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $3 0 1 , 9 6 1 , 1 0 0 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $2 1 6 , 5 6 9 , 4 0 0 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $3 7 3 , 8 0 9 , 3 0 0 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $1 2 7 , 9 6 3 , 8 0 0 Summer (May '10 - October '10)$411,770,600Summer (May '11 - October '11)$174,867,073Summer (May '12 - October '12)$261,284,200 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 97 . 5 0 % Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) 94 . 9 0 % Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) 95 . 3 0 % Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) 96 . 0 0 % Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) 91 . 8 3 % Winter (November '09 - April '10)85.44%Winter (November '10 - April '11)87.50%Winter (November '11 - April '12)89.27% Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 95 . 2 % Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 94 . 5 0 % Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 94 . 4 0 % Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 97 . 4 0 % Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 85 . 1 2 % Summer (May '10 - October '10)89.92%Summer (May '11 - October '11)90.00%Summer (May '12 - October '12)90.06% Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 18 4 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) 16 5 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) 16 3 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) 14 3 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) 82 Winter (November '09 - April '10)113Winter (November '10 - April '11)148Winter (November '11 - April '12)143 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 24 3 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 20 0 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 14 4 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 15 6 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 98 Summer (May '10 - October '10)194Summer (May '11 - October '11)120Summer (May '12 - October '12)182 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 10 7 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) 5 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) 10 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) 11 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) 15 Winter (November '09 - April '10)8Winter (November '10 - April '11)5Winter (November '11 - April '12)8 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 27 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 2 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 7 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 6 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 17 Summer (May '10 - October '10)1Summer (May '11 - October '11)6Summer (May '12 - October '12)4 *R e a l e s t a t e i n d i c a t o r s t h a t w e r e u n a b l e t o b e v e r i fie d i n t i m e o f t h e p u b l i c a t i o n o f t h i s d o c u m e n t a n d t h e r e f o r e a r e u n a v a i l a b l e . A n u p d a t e o f t h i s s u m ma r y w i l l b e p r o v i d e d o n c e t h i s d a t a i s a v a i l a b l e . Annual (January '12 - December '12)Not Available Va i l E c o n o m i c I n d i c a t o r s : R e a l E s t a t e ( 2 0 0 4 - 2 0 1 2 ) Annual (January '12 - December '12)Not Available Annual (January '12 - December '12)Not Available Annual (January '12 - December '12)Not AvailableAnnual (January '11 - December '11) Sa l e P r i c e Av e r a g e r a t i o o f li s t p r i c e t o s a l e pr i c e w i t h i n V a i l La n d T i t l e Gu a r a n t e e Co m p a n y 89 3 64 Gr o s s S a l e s Annual (January '10 - December '10) Ea g l e C o u n t y As s e s s o r ' s O f f i c e Ea g l e C o u n t y As s e s s o r ' s O f f i c e Annual (January '11 - December '11)0Annual (January '10 - December '10)Annual (January '10 - December '10)29,006sfAnnual (January '11 - December '11)0 0 Annual (January '11 - December '11)Annual (January '10 - December '10) Fr a c t i o n a l F e e Un i t s Co n s t r u c t e d Co m m u n i t y De v e l o p m e n t De p a r t m e n t Nu m b e r o f ad d i t i o n a l fr a c t i o n a l f e e u n i t s co n s t r u c t e d w i t h i n Va i l Pr i c e R a t i o Nu m b e r o f ad d i t i o n a l d w e l l i n g un i t s c o n s t r u c t e d wi t h i n V a i l Dw e l l i n g U n i t s Co n s t r u c t e d 9, 2 5 0 s f Co m m u n i t y De v e l o p m e n t De p a r t m e n t An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) Ea g l e C o u n t y As s e s s o r ' s O f f i c e To t a l G r o s s S a l e s Am o u n t ( U S D ) wi t h i n V a i l 24 Nu m b e r o f ad d i t i o n a l h o t e l un i t s c o n s t r u c t e d wi t h i n V a i l Nu m b e r o f re s i d e n t i a l pr o p e r t i e s s o l d wi t h i n V a i l 0 An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) 9 An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) Re a l E s t a t e Sa l e s Ea g l e C o u n t y As s e s s o r ' s O f f i c e To t a l n u m b e r o f Re a l E s t a t e Tr a n s a c t i o n s wi t h i n V a i l Ea g l e C o u n t y As s e s s o r ' s O f f i c e Av e r a g e s a l e p r i c e of R e a l E s t a t e tr a n s a c t i o n s w i t h i n Va i l Nu m b e r o f co m m e r c i a l pr o p e r t i e s s o l d wi t h i n V a i l Ea g l e C o u n t y As s e s s o r ' s O f f i c e Co m m e r c i a l Pr o p e r t i e s S o l d Pr i c e P e r S q u a r e Fo o t Av e r a g e p r i c e o f Re a l E s t a t e p e r sq u a r e f o o t w i t h i n Va i l An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) Re s i d e n t i a l Pr o p e r t i e s S o l d Ne t N e w Co m m e r c i a l Sq u a r e F o o t a g e Co m m u n i t y De v e l o p m e n t De p a r t m e n t Ne t N e w Co m m e r c i a l Sq u a r e F o o t a g e Co n s t r u c t e d w i t h i n Va i l Ho t e l / Ac c o m m o d a t i o n Un i t s Co n s t r u c t e d Co m m u n i t y De v e l o p m e n t De p a r t m e n t An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) 20 00 An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) 0 An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) 11 An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) 75 An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) 0 An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) 90 77 24 , 5 6 8 s f 36 , 2 0 7 s f An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) 0 An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) 0 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) 1,5 5 2 s f An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) 59 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) 2 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) Va i l E c o n o m i c I n d i c a t o r s : R e a l E s t a t e Pa g e 5 o f 7 Last Modified: 1/30/2013 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T R i P i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v a r i e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t to b e a c c u r a t e , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d best used as a general overview as a result. So u r c e D e s c r i p t i o n R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) R e p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) R e p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) R e p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) R e p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) R e p o r t D a t e ( ' 0 9 - '10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 , 9 5 9 , 6 9 2 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $2 , 1 5 0 , 6 4 3 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $2 , 2 3 5 , 6 6 5 Win t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $2 , 1 0 2 , 1 1 6 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 , 5 9 8 , 2 7 1 Winter (November '09 - April '10)$1,696,072Winter (November '10 - April '11)$1,958,121Winter (November '11 - April '12)$2,054,316 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $7 0 7 , 9 9 2 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $7 0 9 , 0 9 1 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $7 2 4 , 9 9 8 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $6 6 6 , 1 5 5 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $5 7 3 , 5 0 5 Summer (May '10 - October '10)$609,452Summer (May '11 - October '11)$693,894Summer (May '12 - October '12)$757,511 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $6 9 9 , 8 2 6 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $6 8 0 , 2 9 2 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $7 0 4 , 9 1 1 Win t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $8 5 6 , 9 0 6 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $8 2 8 , 9 1 5 Winter (November '09 - April '10)$883,556Winter (November '10 - April '11)$977,397Winter (November '11 - April '12)$973,853 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $1 4 6 , 5 6 0 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $1 5 4 , 9 8 4 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $1 5 1 , 5 6 0 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $2 1 0 , 3 4 3 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $1 8 7 , 1 7 5 Summer (May '10 - October '10)$199,152Summer (May '11 - October '11)$228,326Summer (May '12 - October '12)$224,236 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 , 0 3 8 , 9 4 1 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $1 , 1 0 9 , 7 8 1 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $1 , 1 4 4 , 3 8 8 Win t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $1 , 1 9 2 , 7 0 3 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 , 1 5 3 , 7 8 9 Winter (November '09 - April '10)$1,095,944Winter (November '10 - April '11)$1,131,777Winter (November '11 - April '12)$1,129,250 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $6 7 1 , 5 0 3 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $7 0 7 , 5 8 7 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $7 1 2 , 1 2 7 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $7 6 4 , 7 2 7 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $6 8 0 , 9 5 1 Summer (May '10 - October '10)$661,824Summer (May '11 - October '11)$694,593Summer (May '12 - October '12)$716,841 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 , 8 1 9 , 6 5 6 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $2 , 0 2 1 , 7 1 7 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $2 , 0 9 0 , 1 8 9 Win t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $2 , 1 4 7 , 2 3 6 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 , 8 4 9 , 3 4 5 Winter (November '09 - April '10)$1,793,215Winter (November '10 - April '11)$2,148,434Winter (November '11 - April '12)$2,474,013 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $3 7 7 , 9 9 8 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $3 8 8 , 5 5 2 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $4 1 4 , 7 8 9 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $4 4 6 , 3 9 9 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $3 3 0 , 7 1 9 Summer (May '10 - October '10)$408,732Summer (May '11 - October '11)$587,090Summer (May '12 - October '12)$679,108 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 , 2 1 1 , 8 2 8 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $1 , 3 2 0 , 1 8 0 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $1 , 4 4 8 , 2 0 5 Win t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $1 , 5 9 0 , 5 1 7 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 , 3 6 7 , 7 3 7 Winter (November '09 - April '10)$1,499,389Winter (November '10 - April '11)$1,670,696Winter (November '11 - April '12)$1,753,721 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $2 4 7 , 3 0 5 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $2 8 2 , 5 9 1 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $3 2 3 , 8 1 2 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $3 2 4 , 6 4 8 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $2 6 1 , 2 7 2 Summer (May '10 - October '10)$343,795Summer (May '11 - October '11)$361,690Summer (May '12 - October '12)$382,847 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $8 6 1 , 7 3 2 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $9 1 1 , 9 0 9 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $1 , 0 6 2 , 4 2 3 Win t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $1 , 0 9 1 , 5 7 9 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $8 0 7 , 3 0 3 Winter (November '09 - April '10)$773,479Winter (November '10 - April '11)$818,314Winter (November '11 - April '12)$825,221 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $2 7 6 , 4 9 1 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $2 9 4 , 3 8 2 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $3 0 2 , 7 7 9 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $3 0 8 , 9 2 7 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $2 1 9 , 3 5 3 Summer (May '10 - October '10)$237,964Summer (May '11 - October '11)$268,044Summer (May '12 - October '12)$287,720 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 , 5 6 5 , 9 3 8 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $1 , 7 0 9 , 7 3 1 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $1 , 8 6 5 , 6 7 0 Win t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $1 , 8 4 7 , 5 6 4 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 , 6 5 3 , 7 3 8 Winter (November '09 - April '10)$1,679,681Winter (November '10 - April '11)$2,023,554Winter (November '11 - April '12)$2,247,260 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $7 4 7 , 9 2 0 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $7 7 7 , 9 7 0 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $8 6 7 , 2 4 0 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $8 7 2 , 5 6 7 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $7 4 1 , 0 5 4 Summer (May '10 - October '10)$853,549Summer (May '11 - October '11)$1,082,986Summer (May '12 - October '12)$1,194,758 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $3 8 8 , 0 9 6 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $3 9 5 , 7 8 9 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $3 9 8 , 3 7 5 Win t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $5 5 2 , 0 6 8 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $5 8 1 , 4 0 8 Winter (November '09 - April '10)$586,820Winter (November '10 - April '11)$632,942Winter (November '11 - April '12)$636,165 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $1 6 1 , 6 1 1 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $1 7 2 , 7 6 4 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $2 2 7 , 8 5 8 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $3 0 8 , 7 2 8 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $2 4 5 , 6 4 9 Summer (May '10 - October '10)$278,229Summer (May '11 - October '11)$287,316Summer (May '12 - October '12)$354,295 Win t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $3 8 2 , 3 2 6 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $4 2 7 , 5 8 5 Win t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $4 4 5 , 5 4 9 Win t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $4 1 9 , 8 2 4 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $3 5 7 , 0 0 9 Winter (November '09 - April '10)$320,657Winter (November '10 - April '11)$335,369Winter (November '11 - April '12)$336,275 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $3 0 8 , 9 3 3 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $3 2 1 , 0 1 9 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $3 3 5 , 2 6 3 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $2 8 6 , 2 4 4 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $2 2 8 , 9 7 9 Summer (May '10 - October '10)$255,147Summer (May '11 - October '11)$269,587Summer (May '12 - October '12)$275,301 Sa l e s t a x % In c r e a s e Fu l l Y e a r 2 0 0 5 v s . f u l l ye a r 2 0 0 4 6. 6 % Fu l l Y e a r 2 0 0 6 v s . f u l l ye a r 2 0 0 5 8. 2 % Fu l l Y e a r S a l e s T a x In c r e a s e ( D e c r e a s e ) 6. 0 % Fu l l Y e a r S a l e s T a x In c r e a s e ( D e c r e a s e ) 3. 8 % Fu l l Y e a r S a l e s T a x In c r e a s e ( D e c r e a s e ) -1 3 . 8 % Full Year Sales Tax Increase (Decrease)4.5%Full Year Sales Tax Increase (Decrease)10.5%Full Year Sales Tax Increase (Decrease)Not Available CP I % I n c r e a s e F u l l Y e a r 2 0 0 5 v s . f u l l ye a r 2 0 0 4 3. 4 % Fu l l Y e a r 2 0 0 6 v s . f u l l ye a r 2 0 0 5 3. 2 % Fu l l Y e a r C P I I n c r e a s e (D e c r e a s e ) 2. 8 % Fu l l Y e a r C P I I n c r e a s e (D e c r e a s e ) 3. 8 % Fu l l Y e a r C P I I n c r e a s e (D e c r e a s e ) -0 . 4 % Full Year CPI Increase (Decrease)1.6%Full Year CPI Increase (Decrease)3.2%Full Year CPI Increase (Decrease)Not Available Sa l e s t a x b e t t e r (w o r s e ) t h a n in f l a t i o n Fu l l Y e a r 2 0 0 5 v s . f u l l ye a r 2 0 0 4 3. 2 % Fu l l Y e a r 2 0 0 6 v s . f u l l ye a r 2 0 0 5 5. 0 % Sa l e s T a x B e t t e r (W o r s e ) T h a n I n f l a t i o n 3. 2 % Sa l e s T a x B e t t e r (W o r s e ) T h a n I n f l a t i o n 0. 0 % Sa l e s T a x B e t t e r (W o r s e ) T h a n I n f l a t i o n -1 3 . 4 % Sales Tax Better (Worse) Than Inflation2.9%Sales Tax Better (Worse) Than Inflation7.3%Sales Tax Better (Worse) Than InflationNot Available TO V F i n a n c e De p a r t m e n t To t a l co n s t r u c t i o n us e t a x e s An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) No t i m p l e m e n t e d An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) No t i m p l e m e n t e d An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) No t i m p l e m e n t e d An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) $6 0 8 , 4 8 3 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) $7 1 3 , 5 8 2 Annual (January '10 - December '10)$1,103,119Annual (January '11 - December '11)$721,002Annual (January '12 - December '12)Not Available TO V F i n a n c e De p a r t m e n t To t a l p r o p e r t y ta x e s c o l l e c t e d An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) $2 , 4 6 9 , 6 2 9 An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) $2 , 7 5 1 , 0 3 2 An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) $2 , 8 3 0 , 3 3 1 An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) $4 , 0 9 2 , 1 6 7 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) $4 , 3 1 7 , 4 1 7 Annual (January '10 - December '10)$4,782,945Annual (January '11 - December '11)$4,866,254Annual (January '12 - December '12)Not Available TO V F i n a n c e De p a r t m e n t To t a l R e a l Es t a t e T r a n s f e r Ta x c o l l e c t e d An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) $6 , 2 0 6 , 0 5 8 An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) $6 , 2 3 9 , 7 4 4 An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) $6 , 5 3 6 , 1 1 8 An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) $9 , 0 9 1 , 9 1 7 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) $2 , 5 1 3 , 4 8 1 Annual (January '10 - December '10)$6,950,701Annual (January '11 - December '11)$4,403,706Annual (January '12 - December '12)Not Available TO V F i n a n c e De p a r t m e n t Ge n e r a l F u n d Ye a r - E n d Ba l a n c e As o f D e c e m b e r 3 1 , 20 0 5 $1 3 , 6 7 3 , 8 0 8 As o f D e c e m b e r 3 1 , 20 0 6 $1 5 , 4 3 3 , 0 5 1 Ge n e r a l F u n d B a l a n c e ss o f D e c e m b e r 3 1 , 20 0 7 $1 9 , 8 3 4 , 7 1 7 Ge n e r a l F u n d B a l a n c e as o f D e c e m b e r 3 1 , 20 0 8 $2 3 , 0 0 2 , 8 8 6 Ge n e r a l f u n d B a l a n c e a s of D e c e m b e r 3 1 , 2 0 0 9 $2 3 , 1 7 3 , 4 1 7 General Fund Balance as of December 31, 2010$22,886,692General Fund Balance as of December 31, 2011$25,546,285General Fund Balance as of December 31, 2012Not Available Va i l E c o n o m i c I n d i c a t o r s : T o w n R e v e n u e ( 2 0 0 4 - 2 0 1 2 ) In d i c a t o r Va i l V i l l a g e Am o u n t co l l e c t e d ( U S D ) R e t a i l S a l e s T a x Am o u n t co l l e c t e d ( U S D ) Lio n s h e a d TO V F i n a n c e De p a r t m e n t Am o u n t co l l e c t e d ( U S D ) TO V F i n a n c e De p a r t m e n t Ca s c a d e / E . Va i l / S a n d s t o n e & W . V a i l Am o u n t co l l e c t e d ( U S D ) TO V F i n a n c e De p a r t m e n t L o d g i n g S a l e s T a x Va i l V i l l a g e TO V F i n a n c e De p a r t m e n t Lio n s h e a d TO V F i n a n c e De p a r t m e n t Ca s c a d e / E . Va i l / S a n d s t o n e & W . V a i l Am o u n t co l l e c t e d ( U S D ) To t a l R e a l E s t a t e T r a n s f e r Ta x To w n R e s e r v e s TO V F i n a n c e De p a r t m e n t Am o u n t co l l e c t e d ( U S D ) Am o u n t co l l e c t e d ( U S D ) Am o u n t co l l e c t e d ( U S D ) Ca s c a d e / E . Va i l / S a n d s t o n e & W . V a i l To t a l P r o p e r t y T a x F o o d & B e v e r a g e S a l e s T a x Am o u n t co l l e c t e d ( U S D ) TO V F i n a n c e De p a r t m e n t TO V F i n a n c e De p a r t m e n t Lio n s h e a d TO V F i n a n c e De p a r t m e n t To t a l S a l e s T a x v s . I n f l a t i o n as M e a s u r e d b y C P I TO V F i n a n c e De p a r t m e n t Va i l V i l l a g e Co n s t r u c t i o n U s e T a x Va i l E c o n o m i c I n d i c a t o r s : T o w n R e v e n u e Pa g e 6 o f 7 Last Modified: 1/30/2013 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T RiP i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v ari e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t t o b e a c c u r a te , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d b e s t u s e d a s a general overview as a result. In d i c a t o r S o u r c e D e s c r i p t i o n R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) R e p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) R e p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) R e p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) R e p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) R e p o r t D a t e ( ' 0 9 - '10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) No t i m p l e m e n t e d Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) No t i m p l e m e n t e d Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $9 7 , 1 2 2 , 8 0 1 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $9 7 , 9 5 7 , 8 3 7 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $7 8 , 7 1 0 , 1 3 7 Winter (November '09 - April '10)$78,540,486Winter (November '10 - April '11)$85,290,554Winter (November '11 - April '12)$84,893,678 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) No t i m p l e m e n t e d Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) No t i m p l e m e n t e d Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $3 0 , 6 3 6 , 7 6 5 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $2 9 , 4 9 6 , 3 7 5 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $2 4 , 4 2 3 , 3 8 9 Summer (May '10 - October '10)$26,863,029Summer (May '11 - October '11)$28,314,187Summer (May '12 - October '12)Not available In d i c a t o r S o u r c e D e s c r i p t i o n R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) R e p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) R e p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) R e p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) R e p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) R e p o r t D a t e ( ' 0 9 - '10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 10 0 . 9 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) 10 4 . 6 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) 10 7 . 8 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) 77 . 8 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) 35 . 3 Winter (November '09 - April '10)52.9Winter (November '10 - April '11)62.3Winter (November '11 - April '12)65.2 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 98 . 5 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 10 4 . 7 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 10 4 . 4 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 52 . 6 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 51 . 2 Summer (May '10 - October '10)53.3Summer (May '11 - October '11)51.8Summer (May '12 - October '12)65.9 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 . 3 1 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $1 . 2 0 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $1 . 3 2 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $1 . 5 0 Win t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 . 3 1 Winter (November '09 - April '10)$1.41Winter (November '10 - April '11)$1.37Winter (November '11 - April '12)1 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $1 . 2 2 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $1 . 2 7 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $1 . 3 7 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $1 . 4 9 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $1 . 4 2 Summer (May '10 - October '10)$1.29Summer (May '11 - October '11)$1.41Summer (May '12 - October '12)$1.26 Va i l E c o n o m i c I n d i c a t o r s : B u s i n e s s G r o w t h ( 2 0 0 4 - 2 0 1 2 ) Va i l E c o n o m i c I n d i c a t o r s : M a c r o e c o n o m i c ( 2 0 0 4 - 2 0 1 2 ) Annual (July '11 - June '12)1,385,085,000 Not available Annual (January '12 - December '12)Not available Not availableAnnual (June '11 - July '12)Annual (January '11 - December '11)26,884 Annual (June '10 - July '11)5,242 5,0 2 7 5,278Annual (July '09 - June '10)1,409,032,000 Annual (January '10 - December '10)9.5%Annual (January '10 - December '10)26,582 4, 9 6 0 Annual (June '09 - July '10) An n u a l ( J u n e ' 0 8 - J u l y '0 9 ) An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) 27 , 9 6 1 Am o u n t o f s a l e s (U S D ) Ba n k i n g De p o s i t s i n E a g l e Co u n t y Mt r i p Sa m e S t o r e S a l e s re p o r t s To t a l a m o u n t o f ba n k i n g d e p o s i t s (U S D ) FD I C US D o l l a r v s . Eu r o Un e m p l o y m e n t Ra t e Co l o r a d o S t a t e Go v e r n m e n t , De p a r t m e n t o f L o c a l Aff a i r s Co n s u m e r Co n f i d e n c e In d e x US C o n f e r e n c e Bo a r d Co l o r a d o D e p a r t m e n t of L a b o r - L o c a l A r e a Un e m p l o y m e n t St a t i s t i c s Po p u l a t i o n Es t i m a t e s US F e d e r a l Re s e r v e s Em p l o y m e n t Co l o r a d o D e p a r t m e n t of L a b o r - L o c a l A r e a Un e m p l o y m e n t St a t i s t i c s An n u a l ( a s o f J u l y ' 0 7 ) A n n u a l ( J u n e ' 0 7 - J u l y '0 8 ) 4, 7 8 9 4, 8 1 2 An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) 3.9 % 2.9 % 3.4 % 27 , 5 2 2 4, 8 7 1 US D o l l a r v s . E u r o An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) An n u a l ( a s o f J u l y ' 0 5 ) A n n u a l ( a s o f J u l y ' 0 6 ) Co n s u m e r Co n f i d e n c e I n d e x Un e m p l o y m e n t ra t e i n E a g l e Co u n t y An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) Nu m b e r o f es t i m a t e d f u l l - t i m e re s i d e n t s i n V a i l Es t i m a t e d n u m b e r of p e o p l e em p l o y e d i n E a g l e Co u n t y An n u a l ( J u l y ' 0 4 - J u n e '0 5 ) $1 , 1 3 9 , 5 6 6 , 0 0 0 An n u a l ( J u l y ' 0 5 - J u n e '0 6 ) 30 , 4 7 7 3.6 % An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) $1 , 3 7 3 , 1 3 9 , 0 0 0 $1 , 4 5 9 , 6 8 5 , 0 0 0 An n u a l ( J u l y ' 0 7 - J u n e '0 8 ) An n u a l ( J u l y ' 0 6 - J u n e '0 7 ) 29 , 1 2 7 An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) $1 , 4 9 1 , 8 4 7 , 0 0 0 30 , 3 0 0 Annual (January '12 - December '12) An n u a l ( J u l y ' 0 8 - J u n e '0 9 ) $1 , 4 4 9 , 8 9 9 , 0 0 0 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) 7. 4 % Annual (July '10 - June '11)1,370,288,000 Annual (January '11 - December '11)8.6% Va i l E c o n o m i c I n d i c a t o r s : B u s i n e s s G r o w t h _ M a c r o E c o n Pa g e 7 o f 7 Last Modified: 1/30/2013 2/5/2013 - 1 - TOWN OF VAIL REVENUE HIGHLIGHTS January 30th, 2013 Sales Tax December collections are $2,941,408 down 7.6% from last year and up 8.3% compared to budget. We anticipate additional returns and will provide a future update as data becomes available. Year to date collections of $20.0 million are up 2.2% from prior year, and exceed the record level of 2008 ($19.6 million). Year to date revenue is up 5.9% from the amended budget. Inflation as measured by the consumer price index was up 1.7% for the year. Real Estate Transfer Tax (RETT) RETT collections through December 31 total $5,451,409 up 24% from this time last year, and a 42% increase from budget. Of current collections, approximately $1,230,728 or 23% is from major redevelopment projects including Arrabelle, Four Seasons, Landmark, Lionsquare Lodge North, Manor Vail, Mountain View, Ritz Carlton Residences, Solaris, and The Sebastian. Collections not related to major redevelopment projects currently total $4,220,681, a 55% increase from 2011. January collections currently total $90,284. Parking Revenue Season to date: Pass sales from November through January 23 total $552,705, down 1.8% from prior winter season. Daily sales from the parking structures total approximately $1.2 million, down 0.9% from the prior winter season, however the 2013 sales are only as of January 23rd, not the full month. Property Tax Collections for the full year 2012 totaled $4.0 million as budgeted, 22% down from prior year revenue of $4.9 million. Summary Across all funds, total revenue of $50.0 million is up 2.8% from budget and down 3.0% from 2011 due to a decrease in property tax collections and parking revenue. 2/5/2013 VVVAAAIIILLL 555000ttthhh DDDVVVDDD In The Spirit of The Founders Roger Brown P.O. Box 420, Gypsum, CO 81637 (970) 524-1588 rogercottonbrown@earthlink.net Memo to: Vail Town Council From: Roger Brown Date: January 14, 2013 Subject: “Vail: The Rise of America’s Iconic Ski Resort”, long version. “Vail: The Rise of America’s Iconic Ski Resort” played on Rocky Mountain PBS on January 3. It received a 1.1 rating which is high for the station. They estimate that approximately 17,000 households watched the show. Son Nick has very good connections at PBS national and is helping me explore the national option. We will have to remove a few minutes to meet their requirements and perhaps a few of the more commercial elements. I will report to you on these efforts when we know more. We are working the long version ( director’s cut ) of the Vail 50th show. It will run between two and three hours when it’s finished. This version picks up all of the good stories we didn’t have room for in the TV cut. Over time I believe it will have even more value than the TV version. It’s a richer more complete history that will give new employees, new residents, and visitors a real sense of how the resort started and what has made it successful. We will break the show into three of four chapters as the long version will be too long for continuous viewing. All of the material in the TV cut will also be the director’s cut. I budgeted $80,000 for this second production and have raised $45,000 so far. These funds will take us through a rough edit but not through to completion ( music, effects, a narrator, etc. ) and some additional shooting. $35,000 more will be needed. Hopefully the town can cover some of this. If you can let me now the Town’s schedule concerning funding grants I will get a proposal off to you. We should have a new script done in about a month. The new material will be highlighted so you can see the additions. We will be able to shoot a limited amount of new material if necessary. All for now. Sincerely, Roger Brown 2/5/2013 VVVAAAIIILLL 555000ttthhh DDDVVVDDD In The Spirit of The Founders Roger Brown P.O. Box 420, Gypsum, CO 81637 (970) 524-1588 rogercottonbrown@earthlink.net July 10, 2012 Vail’s 50th Anniversary is just five months away. The films we are making about Vail’s history tells an amazing wonderful story that we can all be proud of but we need additional financial help to complete the project. Let me explain. For well over two years now I have been assembling everything I can find on Vail’s history; all my early films, the Vail Associates library of still photos from the early photographers like Shorty Wilcox and Barry Stott, Betacam material in the Vail Resorts library, 10th Mountain troops stills and movies, personal interviews and stories from old timers like Bob Parker, Pepi and Sheika Gramshammer and Dave and Renie Gorsuch, to mention a few. At first I planned to make two one hour shows, the first designed for PBS, the other for committed Vail fans and new and old locals. What I have found is that it’s going to take at least two hours to cover all the good stories and personalities that Vail aficionados are going to want to see. So now I’m looking at a three hours. Even then I can make no promises about getting everybody that is deserving into the films but certainly the history will much more complete. Originally the film project was budgeted for approximately $550,000. When the recession hit we had to essentially cut the budget in half or not make a history documentary at all. We have raised approximately $235,500 so far, and we are in good financial shape at this point but if we want to add another hour to tell THE WHOLE STORY, on top of producing the PBS show, it’s going to take more money. To do everything in broadcast quality (approximately three hours at this point) we will need additional $81,000. 2/5/2013 VVVAAAIIILLL 555000ttthhh DDDVVVDDD In The Spirit of The Founders Roger Brown P.O. Box 420, Gypsum, CO 81637 (970) 524-1588 rogercottonbrown@earthlink.net People who donate $100 or more will be listed in the tail end credits. Businesses that donate $500 or more will also be credited in the tail end credits. A donation of $25,000 or more will receive a listing on the front end of the film along with Vail Resorts, The Town of Vail, and the Gramshammers. Donations made out to the International Skiing History Association ( earmarked Vail 50th ) are tax deductable. The checks should be sent to me at P. O. Box 420, Gypsum, Colorado 81637 and I will send them on to ISHA, and you will receive confirmation of your donation from them. You can see three Vail 50th Anniversary teases on the Internet by googling “Vail.com/history”. One spot is on the founders Pete Seibert and Earl Eaton, a second show is on the Summer of 1962 when the lifts, trails, and town were built, and a third show is on the early skiers that created Freestyle aerial acrobatics. We will be producing more of these teases as the anniversary approaches. Please be a part of Vail history by supporting this very important and timeless project. Thank you. Roger Brown, producer 2/5/2013 VVVAAAIIILLL 555000ttthhh DDDVVVDDD In The Spirit of The Founders Roger Brown P.O. Box 420, Gypsum, CO 81637 (970) 524-1588 rogercottonbrown@earthlink.net Additional Costs 60 minutes at $135.00/minute $81,000. Breakdown Sound track: music, effects, etc. $15,500 Cinematography 8,500 Transfers 7,000 Editing 32,000 Producer 8,000 Overhead 10,000 Son Nick is a top documentary producer at the BBC ( British Broadcasting Corp. ). His credits include “The Human Planet”, “Frontier House” and numerous other award winning documentaries. His skills will contribute substantially to get getting the film aired on national and international cable television. PBS, The Discovery Channel, and The History Channel are some of the possibilities. His full participation in post production depends on raising more money for the project. Town of Vail Contribution - $20,000 Dick Bass contribution - $25,000 Balance Needed - $36,000 2/5/2013 VVVAAAIIILLL 555000ttthhh DDDVVVDDD In The Spirit of The Founders Roger Brown P.O. Box 420, Gypsum, CO 81637 (970) 524-1588 rogercottonbrown@earthlink.net 2/5/2013 To: Vail Town Council From: Community Development Department Date: January 29, 2013 Subject: Gore Creek Streamtract Encroachment Update I. PURPOSE The purpose of this memo is to provide the Town of Vail Council an update on the status of the stream tract encroachment enforcement efforts conducted by the Community Development Department. On October 6, 2009, Town Council adopted a “zero tolerance” policy for allowing illegal private encroachments on town-owned stream tract lands and instructed staff to pursue removal of all encroachments. The Community Development Department originally discovered 68 private encroachments and disturbances into the public stream tracts. As of November, 2012, 34 encroachments remained unresolved requiring follow up site inspections by staff. Of the 34 encroachments, 29 are mowing the stream tract. These inspections identified numerous properties that have modified or encroached onto sensitive riparian areas including, but not limited to; landscaping town-owned riparian property; building decorative planters; using the areas for recreational seating; or in more severe cases building structures, such as patios and a basketball court on town- owned properties. In many cases Town staff has been able to work with owners to mitigate private encroachments resulting in written agreements by owners to stop mowing and/or removal of structures that will result in restoration of the stream tract to its natural state. II. SUMMARY Since November, 2012 the Town has taken the following actions to remove private encroachments from the public stream tracts:  Conducted a visual assessment of properties adjacent to Town-owned stream tracts along Gore Creek from Booth Creek Drive to Westhaven Circle adjacent to the Cascade Resort.  Reviewed aerial photos of the town-owned stream tract property boundaries.  Identified private encroachments onto town-owned property.  Contacted adjacent property owners encroaching onto stream tracts via telephone, email, regular mail and certified letters to identify issues.  Working with adjacent property owners to mitigate encroachments and restore the stream tract to a natural state. 2/5/2013 Town of Vail Page 2 The following details the status of the 2012/2013 efforts to remove encroachments:  34 property owners were sent certified letters in April 2011. o 19 property owners have resolved their trespassing issues by submitting written statements agreeing to stop mowing the Town stream tract. Staff will confirm during summer 2013 that mowing has stopped and/or encroachments are removed. o 8 property owners have impending site visits to discuss resolution. o 6 property owners have accepted the certified letters sent by Staff but either refuse to comply or wish to take their case to court. The Vail Police Department is in the process of serving summons to these 6 property owners. o 1 property owner has been served a summons and working on resolution with the Town prosecuting attorney.  Staff will continue to work with cooperative property owners to remove illegal encroachments and conduct annual inspections of stream tracts to ensure compliance.  Staff is continuing to evaluate additional suspected encroachments as further site visits are conducted and aerial photos are analyzed. 2/5/2013 1 Memorandum To: Pam Brandmeyer, Asst. Town Manager CC: From: Laurie Asmussen, Donovan Pavilion Management, Inc. Date: 1/31/2013 Re: Grand View at Lionshead Marketing Plan Timeline I am writing in reference to questions addressed by the Town Council regarding a marketing plan for the Grand View at Lionshead meeting space. When the building was completed in May, 2012 and our organization submitted a proposal to manage it, the attached marketing plan was included in the proposal. We were denied funds for marketing the facility at that time, instead directed to sell the facility “word of mouth” and through community use. In the RFP process in October/November 2012, we again included the attached plan in our proposal to the Town identifying potential user groups of the Grand View space. Per our conversation with the RFP interview committee regarding establishing a marketing budget, we have been working on the following projects: • Cost of design and production on a sales brochure that will be used in both the existing sales packet at the Donovan Pavilion and as a stand-alone brochure to be distributed throughout the community. • Cost of photos to be included in the sales brochure with layout options for potential users. • Cost of design and content in a Grand View website that will link to the Town and Donovan Pavilion websites. We feel we can have all items printed and in hand within two weeks, within the existing budget. It is our intention to follow the attached marketing plan and target the user groups outlined. If we need to edit the plan in any way, please let us know. Thank you and we will continue to update you on the progress of the implementation of the plan. 2/5/2013 2 MARKETING PLAN The Donovan Pavilion team will provide professional operational, event management, sales/ marketing/PR for The Grand View as contractors for the Town of Vail. The primary, but not exclusive, focus encompasses: • Manage the operation of The Grand View as a very upscale, yet comfortable, venue • Selling The Grand View as a multi-use facility for Vail Residents, Eagle County residents and visitors/guests to the area • Promoting The Grand View as the perfect space for an intimate gathering • Promoting The Grand View as an enticement sales tool for Hotel sales • Managers as an off-property function space centrally located with fantastic views of Vail Mountain • Promoting The Grand View for a wide variety of events such as: Corporate social gatherings Business Training sessions Rehearsal dinners Club meetings Theme parties Memorial services Small Corporate breakout sessions/meetings Religious gatherings Non-profit gatherings • Maintain open communication between the Town of Vail staff for direction regarding keeping The Grand View operating as a for-profit venture Mission Statement The Grand View shall serve as a multi-use community gathering place, attracting a variety of uses including meetings, seminars, private and public social gatherings, and special government meetings. Goals & Objectives • Establish awareness of The Grand View as an alternative gathering place for leisure and corporate groups visiting the Vail Valley. • Establish attractive rates for the renting of the facility in order to entice usage. • Focus on seasonal group rentals to establish base clientele working toward year-round use. • Manage the facility in a professional manner including: • Focus on superior customer service • Established procedures for management and facility clients 2/5/2013 3 • Accurate record-keeping of all event activity in the Pavilion • Maintenance of a clean and safe environment for guests • Timely reporting to Town of Vail on facility usage and management issues • Utilize research to adjust operational plan according to economic climate of the Vail Valley and surrounding areas. Segment Strategy The Grand View is Vail’s newest gathering place, adding to the Town of Vail’s inventory of additional community amenities. In a resort community where corporate and leisure groups are consistently seeking new venues for their functions, The Grand View offers a unique alternative. Our strategy for targeting clients for this new amenity is to turn to our relationships within our industry located in Vail and the surrounding areas. Examples of our industry partners include: Wedding Planners Tourism professionals Non-profit professionals and managers Hotel General Managers and sales managers Destination management company sales managers Vail Resorts, Inc. sales managers Denver Convention & Visitors Bureau Existing Donovan Pavilion clients By meeting with the above individuals and working alongside them, we will increase our sales force in the marketplace. Initial Action Plan -Establish The Grand View brand identity and logo -Develop collateral material including facility brochure, rate card, floor plan specification sheet, letterhead, business cards, web site design and implementation -Determine product positioning statement and identify target audiences -Develop, implement and monitor a targeted advertising campaign -Introduce The Grand View to existing Donovan Pavilion clients through referrals for specific or possible usage dates -Create, implement and monitor a strategic public relations plan 2/5/2013 4 -Host Open Houses to continue to raise awareness of the facility in-town and invite hotel sales teams within the Vail area to tour the facility. Create an on-going effort to ensure as many people see the new space as possible Marketing Plan initial anticipated cost: $3,000 2/5/2013 20 0 1 2 0 0 3 2 0 0 5 20 1 1 Ja n u a r y 2 , 8 5 3 , 5 3 4 2 , 4 6 6 0 . 0 9 % Fe b r u a r y 2 , 9 9 2 , 6 0 9 2 , 1 9 0 0 . 0 7 % Ma r c h 3 , 1 8 3 , 8 8 4 2 , 8 2 9 0 . 0 9 % Ap r i l 1 , 1 8 1 , 1 1 9 1 , 7 0 7 0 . 1 4 % Ma y 4 8 5 , 5 0 4 1 , 4 3 1 0 . 2 9 % Ju n e 9 5 9 , 7 7 5 3 , 0 8 1 0 . 3 2 % Ju l y 1 , 2 7 2 , 7 8 1 3 0 0 , 4 5 1 2 3 . 6 1 % Au g u s t 1 , 1 5 9 , 5 6 9 2 1 9 , 2 5 6 1 8 . 9 1 % Se p t e m b e r 7 9 6 , 4 3 6 1 8 0 , 5 2 5 2 2 . 6 7 % Oc t o b e r 6 0 4 , 7 4 4 3 8 , 4 8 7 6 . 3 6 % No v e m b e r 6 9 2 , 6 8 4 1 3 9 , 1 8 0 2 0 . 0 9 % De c e m b e r 2 , 7 1 7 , 3 6 1 2 2 4 , 0 4 7 8 . 2 5 % TO T A L 1 8 , 9 0 0 , 0 0 0 1 , 1 1 5 , 6 5 0 5 . 9 0 % Tu e s d a y , J a n u a r y 2 9 , 2 0 1 3 Page 1 of 1 1, 9 3 3 , 9 4 0 2 , 1 3 9 , 4 1 7 2 , 1 7 1 , 0 9 8 2 , 3 6 2 , 0 9 5 2 , 5 4 9 , 0 3 2 2 , 7 7 1 , 2 5 8 -7.64% 2, 8 2 1 , 8 7 1 2 , 6 5 2 , 6 2 8 2 , 5 5 3 , 9 7 4 2 , 9 6 3 , 7 6 3 3 , 1 8 4 , 6 4 5 2 , 9 4 1 , 4 0 8 15 , 4 1 1 , 0 4 4 1 5 , 1 0 6 , 8 0 1 1 4 , 5 7 8 , 9 8 3 1 5 , 4 6 6 , 9 7 9 1 6 , 4 8 3 , 9 7 9 1 7 , 8 4 1 , 6 8 0 2.22% 18 , 9 1 3 , 1 3 8 1 9 , 6 3 1 , 3 6 6 1 6 , 9 1 3 , 3 3 8 1 7 , 6 7 6 , 1 1 5 1 9 , 5 8 1 , 4 1 5 2 0 , 0 1 5 , 6 5 0 59 4 , 3 6 2 6 2 3 , 4 2 0 6 4 3 , 2 3 1 3 . 1 8 % 57 1 , 7 8 3 6 4 2 , 2 9 3 5 9 1 , 2 6 9 6 2 3 , 6 4 6 7 1 3 , 1 1 7 7 9 9 , 5 8 2 5.51% 74 7 , 8 7 7 7 1 9 , 1 0 9 6 5 1 , 8 7 3 7 0 1 , 0 7 5 7 8 8 , 4 3 0 8 3 1 , 8 6 4 48 6 , 5 7 0 4 8 4 , 4 2 5 5 0 8 , 0 9 2 5 3 2 , 5 3 7 5 6 6 , 1 7 3 5.22% 74 7 , 7 6 6 7 1 3 , 5 7 4 6 7 9 , 2 0 8 7 5 7 , 0 3 3 7 9 5 , 8 0 7 8 3 2 , 5 4 9 9.78% 90 8 , 3 1 8 8 3 4 , 5 6 9 7 5 3 , 7 5 4 7 6 1 , 4 2 5 8 8 9 , 9 4 5 9 7 6 , 9 6 1 1, 1 2 4 , 2 7 5 1 , 0 8 4 , 3 1 8 1 , 0 2 9 , 4 4 6 87 3 , 7 6 5 8 9 5 , 9 5 1 9 6 2 , 8 5 6 61 4 , 3 9 6 6 8 8 , 5 1 9 6 6 2 , 7 6 7 5 8 1 , 0 3 3 1, 1 4 7 , 3 5 2 1 , 3 1 0 , 4 7 1 1 , 3 7 8 , 8 2 5 95 3 , 0 1 7 9 1 8 , 0 6 1 7 1 7 , 2 3 3 99 4 , 4 4 5 9 9 3 , 9 8 5 1 , 0 5 5 , 6 1 4 1 , 1 6 2 , 7 4 6 1 , 3 4 9 , 7 9 5 1 , 0 6 8 , 3 9 1 99 2 , 1 5 7 9 1 5 , 5 5 4 1 , 2 8 0 , 3 2 4 1 , 3 3 0 , 7 4 0 7.47% 1, 1 5 7 , 8 6 7 1 , 0 4 4 , 9 6 6 1 , 0 7 5 , 5 3 2 1 , 1 2 8 , 5 1 4 1 , 1 6 6 , 1 8 3 1 , 2 5 5 , 2 4 3 6.20% 1, 2 6 5 , 7 8 1 1 , 3 9 7 , 8 4 2 1 , 1 2 1 , 8 6 0 1 , 2 2 8 , 7 6 7 1 , 4 8 1 , 3 2 9 1 , 5 7 3 , 2 3 2 75 1 , 4 3 9 6 5 7 , 7 0 7 7 4 2 , 7 5 5 7 3 2 , 1 1 3 8 3 4 , 9 1 3 8 0 5 , 3 6 2 44 8 , 2 3 4 4 1 4 , 2 4 8 4 2 8 , 9 1 9 4 1 1 , 5 9 5 4 5 8 , 7 7 0 4 4 9 , 2 8 3 2.88% 54 5 , 8 7 4 6 2 2 , 1 0 3 5 1 6 , 1 5 0 4 2 1 , 9 2 5 4 7 3 , 2 9 2 4 8 6 , 9 3 5 1, 0 9 8 , 9 1 8 1 , 2 3 5 , 9 4 1 2, 9 9 4 , 7 9 9 6 . 8 4 % 2, 5 6 8 , 8 7 1 2 , 6 9 9 , 6 6 4 2 , 3 7 2 , 9 4 2 2 , 3 4 4 , 1 7 8 2 , 7 8 5 , 1 0 1 2 , 8 5 2 , 9 5 4 1.38% 2, 9 8 6 , 4 4 6 3 , 3 2 7 , 3 0 4 2 , 5 0 4 , 5 6 7 2 , 6 8 5 , 0 0 4 3 , 1 4 3 , 4 1 8 3 , 1 8 6 , 7 1 3 1, 1 5 6 , 9 3 4 1 , 1 9 1 , 6 9 0 1 , 1 8 2 , 8 2 6 - 0 . 7 4 % 1, 0 4 3 , 4 3 1 8 7 0 , 8 7 5 8 7 1 , 4 6 8 2.16% 2, 3 6 6 , 3 2 1 2 , 2 8 1 , 8 3 3 2 , 1 1 1 , 1 6 3 2 , 3 6 2 , 8 2 5 2 , 4 2 9 , 3 7 7 2 , 5 2 7 , 1 3 0 2 , 7 1 8 , 6 4 3 3 , 0 7 1 , 6 1 5 2 , 5 8 8 , 8 8 9 2, 7 8 3 , 3 0 6 2 , 9 7 6 , 6 5 5 2 , 6 1 9 , 6 7 3 2 , 5 6 4 , 3 8 3 2 , 7 9 5 , 6 8 8 2 , 8 5 6 , 0 0 0 2, 2 1 0 , 5 4 7 2 , 0 7 3 , 4 8 1 1 , 9 9 7 , 0 9 1 2 , 2 2 5 , 8 4 1 2 , 2 7 5 , 9 6 7 2 , 5 9 7 , 9 8 5 2, 5 7 7 , 3 6 0 2 , 8 0 3 , 1 3 6 % Change Budget Sa l e s T a x W o r k s h e e t Fr o m : 11 / 1 / 2 0 1 2 To : 12 / 3 1 / 2 0 1 2 Co l l e c t i o n s % C h a n g e from 2011 Mo n t h 2 0 0 2 2 0 0 4 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2 0 1 2 Budget VarianceBudget 2/5/2013 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 5, 2013 ITEM/TOPIC: Matters from Mayor and Council: 1) Appointment of 2 members of Council to ECO advisory board - currently Kevin Foley and Margaret Rogers are on committee; 2) Committee Updates 2/5/2013 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 5, 2013 ITEM/TOPIC: Executive Session, pursuant to: 1) C.R.S. §24-6-402(4)(b)(e) - to receive legal advice on specific legal questions; and to determine positions, develop a strategy and instruct negotiators, regarding: update on pending litigation; 2) C.R.S. §24-6-402(4)(f) ) - to discuss personnel matters. PRESENTER(S): Matt Mire 2/5/2013 Su n d i a l P l a z a R e n o v a t i o n SU N D I A L N A M E 21 To w n  of  Va i l    |   Pu b l i c  Wo r k s |    2/ 5 / 1 3 Wi t h t h i s r e n o v a t i o n , i s t h e r e a n y re a s o n t o c o n s i d e r r e n a m i n g t h e pa r k / p l a z a / s p a c e ? Do w e k n o w t h e o r i g i n o f t h e n a m e Su n d i a l P l a z a ? 19 7 0 ’ s 19 9 0 ’ s 19 8 0 ’ s 2/5/2013 2/5/2013 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 5, 2013 ITEM/TOPIC: Information Updates and Attachments: 1) VEAC Minutes from January 8, 2013; 2) VLMD Infrastructure/Events Update – Kelli McDonald and Kathleen Halloran 3) Economic Indicators May - October 2012 report; 4) Revenue Highlights; 5) Vail 50th Town Council and Fundraising Letters from Roger Brown; 6) Streamtract Encroachments; and 7) The Grand View memorandum. 7) Sales Tax Worksheet Dec. 12, 2012. ATTACHMENTS: VEAC 01082013 Event Assets Vail Economic Indicators Grid 2012 Summer Revenue Highlights 130130 Vail 50th TC letter Vail 50th Fundraising letter Streamtract Encroachments Update Grand View Memo 020513 Sales Tax Worksheet Dec 12 2/5/2013 Vail Economic Advisory Council (VEAC) January 8, 2013 MEE,.ING NOTES • VEAC Members Present: Rayla Kundolf; Rob LeVine; Pam Stenmark; Greg Moffet; Laurie Mullen; Matt Morgan; Chris Romer; Paul Wible; Michael Kurz; Mike Ortiz; Steve Kaufman; Mark Gordon; Bob Boselli; Liz Biebl for Chris Jamot • Others Present: Jim Lamont; Adam Sutner; Jenn Bruno; Michael Cacioppo; Robin Litt; Brian Rodine; Amy Cassidy • TOV Staff Present: Town Manager Stan Zemler; Finance Director Judy Camp; Commission on Special Events Coordinator Sybill Navas; Executive Assistant Tammy Nagel; Economic Development Manager Kelli McDonald Summer 2012 Sales Tax Collections: Judy Camp presented a PowerPoint to the committee outlining 2012 summer sales tax collections. The 2012 summer sales tax collections set a record exceeding the pre-recession high set in 2008 by 2.9%. Camp stated that summer continues to represent 30% of 12-month sales tax collections. In 2012, the summer season grew 4.4% and the 201112012 winter season grew 4.0%, while inflation as measured by CPI increased 1.8% on average. Redeveloped properties (new construction or complete remodels generally including additional space), contributed $132K or 53% of the total summer sales tax collections. The redeveloped properties are up 17% from last summer; retail up 29%, lodging up 20%, and food and beverage up 10%. The base businesses were up 2%; retail flat, lodging up 7.9% and food and beverage up 11.5%. Vail Village collections increased 12.2% with redevelopment properties up 18.5%, contributing one-third of the total increase. Lionshead collections increased 9.4% with redeveloped properties up 14%, contributing 43% of the total increase. • TOV 2013 Budget: Judy Camp also reported the Vail Town Council approved the 2013 budget on December 18. Of particular interest to the VEAC, is an 8% increase in tourism spending over 2012, with the town and the VLMD planning to spend $5.5 million next year. Major event funding in addition to the CSE events, which Jenn Bruno reported on later in the meeting, include the 2015 World Alpine Ski Championships, $250,000; 2015 Nation's Event race in Vail $375,000; US Pro Cycling Challenge $75,000 from the town plus $100,000 from VLMD; and Burton US Open, $400,000. • Financial Reports: The revenue highlights from December 2012 and the October Vail Business Review were provided in the committees' packets. • Action Steps for Ideas to Enhance Economic Vitality: Stan Zemler reviewed with the committee members the VEAC Ideas to Enhance Economic Vitality Next Steps spreadsheet, which outlines the short termllong term vitality idea, the responsible parties to initiate the idea, the next steps in initiating the idea and the timing of which the enhanced economic vitality idea should be implemented by. Zemler requested each group to provide a report in March outlining what the group is working. McDonald will email out a template for the groups to use in reporting. 2/5/2013 • CSE 2013 Events: Jenn Bruno, CSE Chair, updated the council on the events that will be in town in 2013. Bruno stated the CSE has been focusing on a balanced calendar of events that represent the Vail brand, provide the best return on investment and create more life in the village. When allocating funding for events this year, CSE reduced event redundancy, eliminated non performers, rewarded events that had a good return on investment and invested in events that could provide opportunity. Bruno stated CSE members concentrated on quality events versus quantity of events. In 2013, CSE members will be working closer with event producers from the beginning to the end of their event with such things as marketing and authenticity of an event. CSE contracted with MKT Vail, principal Adam Sutner, as a strategic consultant to assist in aligning CSE objectives with Town Council and VLMD objectives, assist in marketing diligence and assist with developing a Memorial Day event. Sutner spoke to the council members about a Memorial Day event and the process behind CSE's decision on an event. The process lasted for 1.5 hours each and consisted of two focus groups made up of second homeowners, destination and fulltime residents. There were several concepts tested such as a lUXUry festival, family fun, comedy, music and food. The lUXUry festival did not resonate at all and the feedback was that Vail is for participants -not spectators. Family Fun was viewed as too prosaic, plus awkward school schedules. A comedy festival was seen as fresh and bold, but all mentioned the need for a "big name" and ultimately viewed as quasi-appealing and a little more polarizing. Music festival was viewed as perhaps too much music with Vail's current year around music events and other Memorial Day music festivals. A food festival had a strong reaction and enthusiasm compared to the other concepts. There are several food festival themes from hands on, competitive, celebrity and participatory. The festival could be paired with wine, mixology, demos, children's cooking and kitchen tours and possibly be tied to Health & Well-being. Sutner stated Solaris Plaza and/or Vail Square at Arrabelle would be the central staged focal point. The festival would be an expansion of the successful Gourmet on Gore Friday night programming into a weekend long series of classes, tastings, mixology events, pairing, etc. Sutner spoke to members about event attendance research background and how for the 2012 Event Calendar, the CSE commissioned an Economic Impact Research initiative that generated new data related to event ROI such as lodging, other expenditures; total generated revenue and Sales Tax revenue. Its value was espeCially helpful in terms of the allocation process for 2013 in terms of ranking and relative performance of an event. However, the key variable of event attendance relied on estimates and data supplied by the event producers themselves. The unreliability of this data undermined confidence in the data itself and the credibility of the events. In 2013 the CSE received funding to investigate the possibility of commissioning a research initiative aimed at securing reliable and comparable event attendance data for this year's Vail event schedule. Sutner stated CSE was hoping to have a vendor and methodology secured and in place for the February events; Winter Mountain Games and the Burton US Open. • Town Manager Report: None. • Citizen Input: None • Other Business: None • Next Meeting: The next meeting is scheduled for Tuesday, February 12, 2013 at The Antlers and will be a joint meeting with the VLMDAC to discuss the Health and Well-being initiatives. 2/5/2013 IVail6::onomiCAdvisory 0:u1d1 Ideas to B1ha11(2 6::0n0mic Vitality TOWN OFe;[»8-Jln.13 Economic Development Office 2/5/2013 TO: Vail Town Council FROM: Economic Development and Finance Departments DATE: January 26, 2013 SUBJECT: VLMD / Events Infrastructure Observations I. SUMMARY On March 20, 2012 Council was presented with a first look at infrastructure observations made by the Vail Local Marketing District based on guest priorities and maintaining a competitive edge over other mountain resorts for summer guests. The below list of suggested improvements (with priorities listed in bold) have been updated to reflect current projects. Where appropriate, the town has incorporated these suggestions into project plans. II. DISCUSSION  Way Finding: Capital project currently underway o Signage expanded on Frontage Roads and at intersections o Multilingual essential o Landmarks identified o Utilize European model o Interactive o Mobile technology o Put a VLMDAC member on the task force/committee  Information Centers: Capital project currently underway; Level of customer service has been better defined in a revised contract with the current service provider; Plans to RFP for this service later this year o Upgrade Vail Village Info Center– apply best practices and most effective technology solutions from the Lionshead Welcome Center o Knowledgeable, friendly staff o Activity reservations o Tie-in with Vail Mountain activity/info centers o Better information – hiking, cycling, shopping, dining, lodging, event, activity options o Centralized calendar: 1st Qtr 2013 2/5/2013 Town of Vail Page 2  Hiking/ Biking o Transportation pilot program with increased access to Vail trailheads o Maps, apps and increased web site content: Completed Summer 2012 o Better signage o Better connectivity for bike paths and walking paths o Guided options  Event Venues (combined with input from Commission on Special Events members and event promoters) o Comprehensive electrical power plan including inventory, needs, costs for all TOV event sites o Permanent outdoor stage, perhaps at Mountain Plaza o Consider town-wide sound system o Lighting on path at Betty Ford Way: currently part of the Ford Park improvements project o Improved concession stands and restrooms: Ford Park and Athletic Field: currently part of the Ford Park improvements project o More public restrooms are needed: Restrooms being added with Main Vail F.S. renovation; o New and redeveloped facilities need to be affordable and have state of the art A/V equipment: Both the Vail Library and Grand View Room have updated equipment o Updated, accurate scalable maps: Completed 4th Qtr 2012 o Online permits that can be submitted back online: 1st Qtr 2013 o Turn key for event promoters o Lack of power is a problem throughout town o More outdoor wedding venues o Education space for meetings/groups o Need a concert venue for 5,000+ people o Permanent stage at Mountain Plaza o Need to utilize fields for concerts/festivals – synthetic turf? o Need more sand volleyball courts o Ford Park parking lot – lights, power, fencing, better access o Need dumpster locations with easy access at all of the main event venues o Additional Vail Village banner display site o Need more spots for posters o Liquor licenses are problematic o Predetermined tent locations and vehicle placements by season o Online calendar with multiple access points for populating  Parking Structures and Booths o Need exterior face lift to match redevelopment: Renovation of Lionhead parking structure entry budgeted for design in 2013 and construction in 2014. o Better lighting, signage and wall paint for safety and way finding: Lighting completed winter of 2011/12. Signage and way finding part of Guest Service Enhancements project currently underway. o Compatibility with the Vail brand 2/5/2013 Attachment: Vail Economic Indicators Table Town of Vail Economic Indicators Summary: January 2013 Update (Based on data as of October 31, 2012) INTRODUCTION: This introduces a summary report of Vail Economic Indicators based on October 31, 2012 data and updated as summer (May – October) data became available. This summary is intended to provide a review of recent economic activity and to serve as a benchmark from which future activity can be compared. The data is depicted by general category (Tourism, Real Estate, Town Revenue, Business Growth and Macroeconomics) and revised seasonally (Winter: November – April; Summer: May – October). While the base data is presented in a chart format, this brief summary is provided as a part of the Town of Vail 2012 Economic Development Strategic Plan and is limited in scope by the availability of data from secondary sources, and thought to be generally accurate but not independently verified. As a result, it is most suitable for use as a general ov erview. The narrative overview below is supported by a more granular chart (attached). Most statistical comparisons are based on year-over-year comparisons as of October 31, 2012, vs. October 31, 2011, and reflect a summer seasonal view (May – October) unless otherwise indicated: TOURISM indicators have steadily increased over the last two years, some of which have exceeded pre-recessionary times of 2008. Vail has seen steady increases in summer lodging occupancy, average daily rate and revenue per available room. Lodging occupancy in Vail during the summer of 2012 increased over the previous year (+6.7%) as did average daily rate (+3.6%) resulting in a significant increase in revenue per available room (+10.6%). When comparing Vail to other U.S. western mountain resorts (based on overall MTRiP industry data), the “industry” increased in all three lodging metrics to a similar degree as Vail with occupancy increasing +6.9% and average daily rate increasing +3.9% resulting a year over year percentage change in revenue per available room of +11.1%, compared to Vail’s +10.6% increase. Traffic through the Tunnel increased very slightly after declining for two years in a row (+0.8%), possibly due to stagnant gas prices that have remained high since the previous summer (-1.2%) nearing the all-time highs during the summer of 2008. Additionally, available seats on flights in to the Eagle County Regional Airport (EGE) have significantly declined (-33.5%) since last summer resulting in a decline, but to a lesser extent, in the number of guests who flew in EGE (-21.8%). Passenger deplanements increased very slightly at Denver International Airport (+0.7%). 29 different special events took place during the summer months, which includes the addition of three new events (3,410 attendees) and the discontinuation of 5 events that were held in the summer of 2011. Most notable, the USA Pro Cycling Challenge did not occur in Vail in 2012 which accounted for 30,000 attendees. The Town of Vail contracted with a third party research firm (RRC Associates) to provide attendance counts for publicly funded events in 2012. Prior to this, event producers provided their own attendance numbers, which, in many cases, were inaccurate due to inconsistent method of counting used. Due to this different manner of accounting for event attendees, there is little merit in comparing 2011 attendance to 2012 attendance. However, a baseline is in place for future comparisons that will provide consistency in the future. Tourism indicators continue to show inconsistent trends but overall continue to move in a positive direction and attribute to tangible increases in sales and lodging tax (see Town Revenue Metrics). REAL ESTATE indicators show positive movement in sales volume during the summer of 2012 compared to the previous summer. The summer of 2012 may be the start of a more “normal” real estate sales season, instead of inconsistent real estate sales patterns due to the redevelopment of Vail and newly constructed lodging properties and have been contrary to the overall down national economy and poor real estate market. As a result, there may be little merit in comparing the summer of 2012 real estate indictors to the previous summer but there are a few items to note. When com paring summer 2012 to summer 2011, the following observations can be made: the number of transactions has dramatically increased (+67.7%) as has the total gross sales but to a lesser degree (+49.4%). Conversely, price per square foot (-9.9%) and average price per transaction (-4.2%) have decreased slightly. The list-to-sale price ratio (+.07%) has essentially remained the same. Very few units in newly constructed high-end developments were sold during this time period, while many more existing properties were sold than in past seasons. This is an indicator that real estate sales are being less dominated by the sales of large quantities of new high-end units and since the new construction pipeline has dried up, the normalcy of the summer of 2012 will start to be apparent when future seasons show less inconsistent spikes and dips. 2/5/2013 Attachment: Vail Economic Indicators Table TOWN REVENUE include: sales tax, construction use tax, property tax and real estate transfer tax revenues along with general fund balance as an indicator of the Town’s level of reserves. Sales tax is segmented by business type (retail, lodging and food/beverage) and further broken down geographically by Vail neighborhoods. All segments combined showed a strong increase in overall summer sales tax revenue (+8.2%) following the previous summer season’s sales tax revenue, which had increased significantly (+13.2%) after the economic downturn in the fall of 2008 that continued through Summer 2009 and 2010. Specifically lodging (+9.8%) and food and beverage (+10.1%) sales tax collections saw a higher year over year increase than retail (+4.8%) for the second year in a row. When segmented by neighborhood Vail Village saw the largest increases overall (+10.2%) compared to Lionshead (+8.7%) and Cascade/Sandstone/East & West Vail (+3.7%). The sales tax collected during the summer of 2012 reflects the highest level of any summer in history. The new lodging properties, restaurants and retail outlets, specifically Solaris and the Four Seasons at Vail, all have been opened for at least one year and are included in the tax revenues for 2011, thus providing more of an “apples vs. apples” comparison for this 2012 analysis. Despite this, continued increases in all segments are apparent and show overall an increase in spending in the Town of Vail, not just due to new tax collection opportunities by way of new businesses. A study conducted by MTRiP shows that the average of comparable ski towns was also up season-over-season in both taxable sales (+5.7%) and in taxable lodging sales (+10.5%) but to a slightly higher degree than the Town of Vail. This season’s upturns, in addition to the increases the summers of 2010 and 2011, have resulted in 2012 sales tax collections exceeding the pre-recession season of 2008 by +14.0% in the Town of Vail. * Annual Metrics are used instead of seasonal metrics to track construction use tax, property tax, real estate transfer tax and town reserves, and therefore are not available for analysis for this iteration of this summary. BUSINESS GROWTH is based on broader county and national indicators, m any of which are tracked on an annual basis and lag significantly. Most indicators are not available for this update, except Banking Deposits in Eagle County are up (+1.1%) from the previous reporting period (July 2010 – June 2011). MACROECONOMICS: While the recession of 2007 – 2009 is officially well in the rearview mirror, full recovery in global and domestic economies continues to be tenuous as one set of issues has been replaced by another. Domestic GDP growth remains well below the expectations of 24 months ago, at or near 1.5 percent for much of that time. Similar situations exist in many western countries to which the U.S. financial system is closely tied and sovereign debt throughout the Eurozone remains a threat to domestic financial recovery and stability. Amidst this uncertainty abroad, federal lawmakers in the U.S. continue to struggle to find their footing on several key budgetary issues, with partisan discussions on spending and taxation dominating the landscape with mostly limited results that lack the conviction of an enduring commitment. While progress is being made, the pace is fomenting uncertainty among employers who have been adding an average of 155,000 jobs in recent months, and though significant, are yet to indicate that they are willing to invest in the creation the 250,000 or more jobs required to positively impact unemployment in a sustained manner. At the forefront of both the economic and travel picture, the consumer is struggling to find the level of confidence that establishes market-driven demand, though consumer confidence does continue to very slowly work its way up from stagnation. In a positive light, recent significant gains in financial markets cannot be ignored, and indicate investor confidence in recent economic policy that should trickle to the employment and ultimately consumer levels. However, significant issues remain to be resolved, the first of which is the sequestration of $1.2 trillion in spending, which both parties agree must be avoided and will automatically occur on March 1st if no action is taken. This will be followed almost immediately by funding the U.S. Government, which must be secured by March 27th to avoid a shutdown and, perhaps most urgently, the resolution of the recently extended debt ceiling which will expire on May 18th. How these issues are resolved, not only mechanically but also from a policy and timing perspective, will determine how markets, employers and ultimately consumers will behave and set the pace of ongoing recovery. This foundational data set and summary will be further updated and expanded upon seasonally, taking its place among the tools available to the Town, its various committees and the public it serves. Ralf Garrison Director and Senior Analyst Mountain Travel Research Program 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T R i P i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v a r i e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t t o b e a c c u r a t e , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d b e s t u s e d as a general overview as a result. In d i c a t o r S o u r c e F o c u s S t u d y R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) Re p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) Re p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) Re p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) Re p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) Report Date ('09-'10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) N/ A Wi n t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 59 . 6 % Wi n t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 60 . 3 % Wi n t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 58 . 6 % Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 52.1%Winter (November '09 - April '10)54.7%Winter (November '10 - April '11)55.2%Winter (November '11 - April '12)55.8% Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 39 . 1 % Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 38 . 4 % Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 39 . 4 % Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 38 . 0 % Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 33.5%Summer (May '10 - October '10)35.1%Summer (May '11 - October '11)38.5%Summer (May '12 - October '12)41.1% Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) N/ A Wi n t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) $3 6 3 Wi n t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) $3 7 6 Wi n t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) $4 0 7 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) $384Winter (November '09 - April '10)$353Winter (November '10 - April '11)$374Winter (November '11 - April '12)$403 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $1 4 2 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $1 5 8 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $1 5 5 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $1 5 5 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $146Summer (May '10 - October '10)$151Summer (May '11 - October '11)$163Summer (May '12 - October '12)$169 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) No t a v a i l a b l e Wi n t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) No t a v a i l a b l e Wi n t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) No t a v a i l a b l e Va i l R e c r e a t i o n Di s t r i c t Vi s i t o r s t o t h e V a i l Go l f C o u r s e Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 23 , 0 0 0 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 22 , 3 0 0 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 24 , 6 0 0 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 24 , 9 9 3 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 23,414Summer (May '10 - October '10)23,332Summer (May '11 - October '11)21,963Summer (May '12 - October '12)25,000 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 33 2 , 4 2 4 Wi n t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 32 5 , 9 7 2 Wi n t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 34 2 , 4 1 7 Wi n t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 35 0 , 8 9 6 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 288,307Winter (November '09 - April '10)324,979Winter (November '10 - April '11)343,896Winter (November '11 - April '12)319,223 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 297,349Summer (May '10 - October '10)312,603Summer (May '11 - October '11)645,725Summer (May '12 - October '12)Not available Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 18 1 , 2 7 5 Wi n t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 17 6 , 7 1 6 Wi n t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 17 4 , 0 8 5 Wi n t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 18 4 , 5 0 5 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 182,028Winter (November '09 - April '10)187,045Winter (November '10 - April '11)179,971Winter (November '11 - April '12)167,682 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 218,482Summer (May '10 - October '10)221,233* (VVMC Parking Lot Closed)Summer (May '11 - October '11)463,139Summer (May '12 - October '12)Not available Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 4, 7 1 2 Wi n t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 9, 4 0 6 Wi n t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) N/ A Wi n t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 5, 9 4 7 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 7,836Winter (November '09 - April '10)7,795Winter (November '10 - April '11)1,675Winter (November '11 - April '12)2,074 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) JU L Y 4 T H Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) JU L Y 4 T H Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) JU L Y 4 T H Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) JU L Y 4 T H Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) JU L Y 4 T H Summer (May '10 - October '10)4,853Summer (May '11 - October '11)3,072Summer (May '12 - October '12)Not available Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 43 / V V 1 3 / L H Wi n t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 45 / V V 2 7 / L H Wi n t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 66 / V V 3 1 / L H Wi n t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 58 / V V 2 5 / L H Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 50 / V V 2 5 / L H Winter (November '09 - April '10)40/VV 20/LHWinter (November '10 - April '11)7/VV 7/LHWinter (November '11 - April '12)8/VV 7/LH Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) JU L Y 4 T H Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) JU L Y 4 T H Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) JU L Y 4 T H Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) JU L Y 4 T H Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) JU L Y 4 T H Summer (May '10 - October '10)21/VV 14/LHSummer (May '11 - October '11)15/VV 9/LHSummer (May '12 - October '12)Not available Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 9, 0 0 7 , 7 3 2 Wi n t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 10 , 8 9 4 , 0 4 2 Wi n t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 11 , 3 5 9 , 3 5 0 Wi n t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 12 , 0 0 5 , 3 7 7 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 11 , 6 1 2 , 9 9 0 Winter (November '09 - April '10)11,848,627Winter (November '10 - April '11)12,421,502Winter (November '11 - April '12)12,618,182 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 11 , 5 6 1 , 6 6 6 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 12 , 6 3 9 , 8 4 5 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 13 , 2 3 7 , 8 1 8 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 13 , 6 0 0 , 0 7 9 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 13 , 5 1 7 , 7 9 2 Summer (May '10 - October '10)13,974,281Summer (May '11 - October '11)14,117,198Summer (May '12 - October '12)14,213,370 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 17 5 , 6 4 1 Wi n t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 18 0 , 0 8 6 Wi n t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 17 9 , 6 2 0 Wi n t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 18 1 , 6 0 2 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 173,333Winter (November '09 - April '10)166,409Winter (November '10 - April '11)161,847Winter (November '11 - April '12)147,121 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 39 , 7 7 9 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 37 , 7 5 0 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 48 , 0 4 3 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 37 , 3 0 0 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 8, 4 3 4 ( a i r p o r t wa s c l o s e d M a y - Aug.)Summer (May '10 - October '10)37,760Summer (May '11 - October '11)32,418Summer (May '12 - October '12)26,626 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) No t a v a i l a b l e Wi n t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) No t a v a i l a b l e Wi n t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 20 , 0 0 4 Wi n t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 18 , 0 5 1 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 20,949Winter (November '09 - April '10)17,483Winter (November '10 - April '11)16,323Winter (November '11 - April '12)17,757 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 25 , 0 3 2 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 22 , 6 5 8 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 26 , 0 9 8 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 24,774Summer (May '10 - October '10)24,168Summer (May '11 - October '11)26,132Summer (May '12 - October '12)26,142 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) No t a v a i l a b l e Wi n t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) No t a v a i l a b l e Wi n t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 14 , 3 1 9 Wi n t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 12 , 5 7 5 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 11,576Winter (November '09 - April '10)10,616Winter (November '10 - April '11)6,972Winter (November '11 - April '12)8,689 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) No t a v a i l a b l e Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 31 , 1 0 3 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 25 , 3 4 0 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 19 , 3 1 9 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 18,000Summer (May '10 - October '10)17,237Summer (May '11 - October '11)18,307Summer (May '12 - October '12)27,883 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 3, 6 1 1 , 6 4 8 Wi n t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) 5, 4 0 6 , 9 5 2 Wi n t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) 5, 6 9 4 , 8 8 4 Wi n t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) 5, 7 0 9 , 0 0 7 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) 5, 7 3 0 , 8 8 9 Winter (November '09 - April '10)5,690,262Winter (November '10 - April '11)5,236,367Winter (November '11 - April '12)5,160,226 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 5, 4 8 8 , 3 9 9 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 5, 5 8 5 , 1 5 8 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 6, 0 7 4 , 0 2 7 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 5, 8 2 1 , 0 9 2 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 6, 0 4 3 , 7 2 0 Summer (May '10 - October '10)5,833,139Summer (May '11 - October '11)5,554,275Summer (May '12 - October '12)5,598,788 Ea s t e r : D a t e S u n d a y Ma r c h 2 7 , 2 0 0 5 Su n d a y Ap r i l 1 6 , 2 0 0 6 Su n d a y Ap r i l 8 , 2 0 0 7 Su n d a y Ma r c h 2 3 , 2 0 0 8 Su n d a y Ap r i l 1 2 , 2 0 0 9 SundayApril 4, 2010SundayApril 24, 2011SundayApril 8, 2012 4t h o f J u l y : D a y o f th e w e e k Ju l y 4 , 2 0 0 5 Mo n d a y Ju l y 4 , 2 0 0 6 Tu e s d a y Ju l y 4 , 2 0 0 7 We d n e s d a y Ju l y 4 , 2 0 0 8 Fr i d a y Ju l y 4 , 2 0 0 9 SaturdayJuly 4, 2010SundayJuly 4, 2011MondayJuly 4, 2012Wednesday Ch r i s t m a s : D a y o f th e w e e k De c e m b e r 2 5 , 2 0 0 5 Su n d a y De c e m b e r 2 5 , 2 0 0 6 Mo n d a y De c e m b e r 2 5 , 2 0 0 6 Tu e s d a y De c e m b e r 2 5 , 2 0 0 7 We d n e s d a y De c e m b e r 2 5 , 2 0 0 8 Th u r s d a y December 25, 2009FridayDecember 25, 2010SaturdayDecember 25, 2011Sunday85,000 (estimate) Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m ( 2 0 0 4 - 2 0 1 2 ) Ea g l e C o u n t y Ai r p o r t Nu m b e r o f d a y s Pa r k i n g s t r u c t u r e s fu l l Nu m b e r o f ve h i c l e s i n V a i l Vi l l a g e P a r k i n g St r u c t u r e TO V T r a n s p o r t a t i o n Lo d g i n g R e p o r t : Oc c u p a n c y MT R i P : B o o k i n g pa t t e r n s a t 1 8 V a i l lo d g i n g p r o p e r t i e s Lo d g i n g R e p o r t : Av e r a g e N i g h t l y Ro o m R a t e s MT R i P : B o o k i n g pa t t e r n s a t 1 8 V a i l lo d g i n g p r o p e r t i e s Va i l R e c r e a t i o n Di s t r i c t Annual (January '12 - December '12) Co m m u n i t y Ce n t e r At t e n d a n c e Pa r k i n g C o u n t s TO V T r a n s p o r t a t i o n TO V T r a n s p o r t a t i o n Nu m b e r o f ve h i c l e s i n Li o n s h e a d P a r k i n g St r u c t u r e Annual (January '11 - December '11)80,000 (estimate) CD O T TO V T r a n s p o r t a t i o n Co m m u n i c a t i o n De p a r t m e n t Tu n n e l T r a f f i c Va i l I n f o r m a t i o n Ce n t e r V i s i t s Co m m u n i c a t i o n De p a r t m e n t DI A Ai r p o r t St a t i s t i c s Ho l i d a y T i m i n g Ca l e n d a r Av e r a g e n u m b e r of r o o m s o c c u p i e d (2 2 4 7 o u t o f 3 5 9 8 ) Av e r a g e n i g h t l y ro o m r a t e s Nu m b e r o f v i s i t o r s to t h e D o b s o n I c e Ar e n a Annual (January '10 - December '10) Nu m b e r o f v i s i t s t o th e L i o n s h e a d In f o r m a t i o n C e n t e r Nu m b e r o f ve h i c l e s o n fr o n t a g e r o a d s Nu m b e r o f p e o p l e in t o D e n v e r In t e r n a t i o n a l Ai r p o r t 75,000 (estimate) An n u a l ( J a n u a r y ' 0 9 - D e c e m b e r ' 0 9 ) 80 , 0 0 0 ( e s t i m a t e ) An n u a l ( J a n u a r y ' 0 8 - D e c e m b e r ' 0 8 ) 80 , 0 0 0 ( e s t i m a t e ) Nu m b e r o f p e o p l e in t o E a g l e C o u n t y Ai r p o r t Nu m b e r o f ve h i c l e s t h r u t h e Ei s e n h o w e r Tu n n e l / V a i l P a s s Nu m b e r o f v i s i t s t o th e V a i l V i l l a g e In f o r m a t i o n C e n t e r Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m Pa g e 1 o f 7 Last Modified: 1/30/2013 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T R i P i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v a r i e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t t o b e a c c u r a t e , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d b e s t u s e d as a general overview as a result. In d i c a t o r S o u r c e F o c u s S t u d y R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) Re p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) Re p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) Re p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) Re p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) Report Date ('09-'10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m ( 2 0 0 4 - 2 0 1 2 ) Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 . 9 4 Wi n t e r ( N o v e m b e r ' 0 5 - A p r i l ' 0 6 ) $2 . 3 3 Wi n t e r ( N o v e m b e r '0 6 - A p r i l ' 0 7 ) $2 . 3 3 Wi n t e r ( N o v e m b e r '0 7 - A p r i l ' 0 8 ) $3 . 0 3 Wi n t e r ( N o v e m b e r '0 8 - A p r i l ' 0 9 ) $1.83Winter (November '09- April '10$2.85Winter (November '10 - April '11)$3.12Winter (November '11 - April '12)$3.35 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $2 . 4 4 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $2 . 7 7 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $3 . 0 0 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $3 . 6 9 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $2.44Summer (May '10 - October '10)$2.76Summer (May '11 - October '11)$3.56Summer (May '12 - October '12)$3.52 Ev e n t At t e n d a n c e Hi g h l i n e S p o r t s & En t e r t a i n m e n t Ca r n i v a i l Fe b r u a r y 5 - 8 , 2 0 0 5 (U n t r a d i t i o n a l M k t g ) 3, 5 0 0 Fe b r u a r y 2 6 - 2 8 , 2 0 0 6 VR I p r o d u c e d t h e ev e n t - n o # ' s av a i l a b l e Fe b r u a r y 1 8 - 2 0 , 20 0 7 ( V V T C B ) 7, 0 0 0 Fe b r u a r y 3 - 5 , 2 0 0 8 (H i g h l i n e S p o r t s ) 10 , 0 0 0 Fe b 2 2 - 2 4 , 2 7 , 2 0 0 9 15,000Feb 14- 20, 201020,000Mar 6-11, 201120,000Feb 21, 201220,000 Va i l V a l l e y Fo u n d a t i o n Th e S e s s i o n / T e v a Wi n t e r G a m e s Ja n u a r y 1 3 - 1 6 , 2 0 0 5 10 , 0 0 0 Ja n u a r y 1 2 - 1 5 , 2 0 0 6 14 , 7 5 0 Ja n u a r y 1 1 - 1 4 , 20 0 7 15 , 0 0 0 Fe b r u a r y 7 - 1 0 , 2 0 0 8 17 , 0 0 0 Ev e n t d i d n o t o c c u r Ev e n t d i d n o t oc c u r Event did not occurEvent did not occurEvent did not occurEvent did not occurTeva Winter Games: Year 1 Feb 9-12, 201210,000 Sk i a n d S n o w b o a r d Cl u b V a i l Ju n i o r O l y m p i c s : 7 da y s / 1 s t W e e k i n Ma r c h e a c h y e a r 20 0 5 16 0 A t h l e t e s , w/ p a r e n t s + co a c h e s 2 5 6 t o t a l 20 0 6 : V a i l + B C 16 5 A t h l e t e s w/ p a r e n t s + co a c h e s 2 6 5 t o t a l 20 0 7 Ev e n t w a s h e l d i n As p e n 20 0 8 17 5 A t h l e t e s w/ p a r e n t s + co a c h e s 2 8 0 t o t a l Ma r c h 5 - 1 1 , 2 0 0 9 16 0 a t h l e t e s March 3-11, 2010170 athletes2011Event did not occurMar 3-10, 2012175 athletes 500 total Va i l F i l m I n s t i t u t e V a i l F i l m F e s t i v a l M a r c h 3 1 - A p r i l 3 , 2 0 0 5 10 , 0 0 0 Ma r c h 3 0 - A p r i l 2 , 20 0 6 12 , 0 0 0 Ma r c h 2 9 - A p r i l 1 , 20 0 7 14 , 0 0 0 Ap r i l 3 - 6 , 2 0 0 8 12 , 5 0 0 Ap r i l 2 - 5 , 2 0 0 9 12,000April 1-4, 201014,000Mar 31- Apr 3, 201114,000Mar 29-Apr 1, 20125,071* RRC (14,000*from recap) Ta s t e o f V a i l T a s t e o f V a i l A p r i l 6 - 9 , 2 0 0 5 No t a v a i l a b l e Ap r i l 5 - 8 , 2 0 0 6 4, 0 0 0 Ap r i l 1 1 - 1 4 , 2 0 0 7 7, 0 0 0 Ma r c h 2 9 - A p r i l 1 , 20 0 8 7, 0 0 0 Ap r i l 1 - 4 , 2 0 0 9 6,000April 8-10, 20106,600April 7, 20115,000Apr 5, 2012: Lamb Cookoff8,000 Hi g h l i n e S p o r t s & En t e r t a i n m e n t Sp r i n g B a c k t o V a i l A p r i l 4 - 1 6 , 2 0 0 5 50 , 0 0 0 Ap r i l 3 - 1 6 , 2 0 0 6 24 , 0 0 0 Ap r i l 2 - 1 5 , 2 0 0 7 26 , 0 0 0 Ap r i l 7 - 1 3 , 2 0 0 8 30 , 0 0 0 Ap r i l 1 3 - 1 9 , 2 0 0 9 30,000+April 12- 18, 201040,000Apr 16-24, 201170,000 (2 weekends)Apr 9 - 15, 201230,000 Va i l V a l l y Fo u n d a t i o n Te v a M o u n t a i n Ga m e s Ju n e 1 - 5 , 2 0 0 5 12 , 0 0 0 ( s n o w ! ) Ma y 3 1 - J u n e 4 , 2 0 0 6 28 , 0 0 0 Ma y 3 0 - J u n e 3 , 20 0 7 30 , 0 0 0 Ju n e 4 - 8 , 2 0 0 8 35 , 0 0 0 Ju n e 4 - 7 , 2 0 0 9 40 , 0 0 0 - V V F i s no w p r o m o t e r June 3-6, 201035,037June 2-5, 201146,897May 31-June 3, 201243,889* Ki n g o f t h e Mo u n t a i n Ki n g o f t h e Mo u n t a i n Vo l l e y b a l l Ju n e 1 7 - 1 9 , 2 0 0 5 51 6 p a r t i c i p a n t s + 2. 5 e s t i m a t e d en t o u r a g e p e r pl a y e r Ju n e 1 6 - 1 8 , 2 0 0 6 56 0 p a r t i c i p a n t s + 2. 5 e s t i m a t e d en t o u r a g e p e r pl a y e r Ju n e 1 5 - 1 7 , 2 0 0 7 62 2 p a r t i c i p a n t s + 2. 5 e s t i m a t e d en t o u r a g e p e r pl a y e r Ju n e 1 3 - 1 5 , 2 0 0 8 65 0 p a r t i c i p a n t s + 2 . 5 e s t i m a t e d en t o u r a g e p e r pl a y e r Ju n e 1 9 - 2 1 , 2 0 0 9 76 4 p a r t i c i p a n t s +2 . 5 e n t o u r a g e pe r p l a y e r June 18-20, 2010828 participantsJune 17-19, 2011984 participantsJune 15-17, 20121,110 participants (6,860* total) Va i l C h a m b e r a n d Bu s i n e s s As s o c i a t i o n So u t h o f t h e Bo r d e r F i e s t a 20 0 5 No t i m p l e m e n t e d 20 0 6 No t i m p l e m e n t e d 20 0 7 No t i m p l e m e n t e d 20 0 8 No t i m p l e m e n t e d Ju n e 2 0 , 2 0 0 9 1,000June 12, 20102,500June 11, 20116,2002012Did not occur Va i l V a l l e y Fo u n d a t i o n Ho t S u m m e r Ni g h t s 7 T u e s d a y s , J u n e 1 4 - Ju l y 2 6 , 2 0 0 5 26 , 4 0 0 10 T u e s d a y s : J u n e 1 3 - Au g u s t 2 9 33 , 0 6 3 9 T u e s d a y s : J u n e 19 - A u g u s t 2 1 , 20 0 7 32 , 6 2 5 9 T u e s d a y s : J u n e 16 - A u g u s t 1 9 , 2 0 0 8 28 , 6 6 8 9 T u e s d a y : J u n e 1 6 - Au g 1 8 36,629Tuesdays, Jun 15- Aug 2431,8659 Tuesdays, June 14- Aug 30, 201133,6839 Tuesdays, June 12- Aug 21, 201232,716 Me a d o w D r i v e Pa r t n e r s h i p Va i l F a r m e r s ' Ma r k e t Ju n e 1 9 - S e p t e m b e r (1 4 M a r k e t s ) 75 , 0 0 0 Ju n e 1 8 - S e p t e m b e r 17 , 2 0 0 6 ( 1 4 M a r k e t s ) 10 0 , 0 0 0 Ju n e 1 6 - Se p t e m b e r 2 3 , 20 0 7 ( 1 4 M a r k e t s ) 12 0 , 0 0 0 Ju n e 2 2 - S e p t e m b e r 21 , 2 0 0 8 ( 1 4 Ma r k e t s ) 13 0 , 0 0 0 Ju n e 2 1 - S e p t 2 0 , 20 0 9 ( 1 4 m a r k e t s ) 140,000June 20- Sep 19, 2010140,000June 19-Sept 25, 2011 (15 markets)168,000June 17- Sept 30 (16 Markets)140,000 Va i l C h a m b e r a n d Bu s i n e s s As s o c i a t i o n BB Q B o n a n z a 2 0 0 5 No t i m p l e m e n t e d 20 0 6 No t i m p l e m e n t e d Ju n e 2 3 , 2 0 0 7 ( 1 s t ye a r ) 1, 2 5 0 Ju n e 2 1 , 2 0 0 8 3, 5 0 0 Ju n e 2 7 , 2 0 0 9 4,200June 26, 20105,800June 25-26, 201124,0002012Did not occur Co l o r a d o L a c r o s s e Pr o m o t i o n s Va i l L a c r o s s e Sh o o t o u t Ju n e 2 5 - J u l y 4 , 2 0 0 5 92 t e a m s 18 , 3 3 0 t o t a l Ju n e 2 4 - J u l y 4 , 2 0 0 6 10 2 t e a m s 16 , 0 0 0 t o t a l Ju n e 2 7 - J u l y 4 , , 20 0 7 10 0 t e a m s 17 , 1 1 6 t o t a l Ju n e 2 8 - J u l y 6 , 20 0 8 10 4 t e a m s 18 , 8 1 9 t o t a l Ju n e 2 6 - J u l y 5 , 20 0 9 95 T e a m s 16 , 0 0 0 t o t a l June 26- Jul 4, 2010103 Teams 17,500 totalJune 25- July 3, 2011107 Teams 18,500June 30-July 8, 201299 Teams 23,617 Ea g l e V a l l e y E v e n t s A m e r i c a D a y s M o n d a y , J u l y 4 , 2 0 0 5 25 , 0 0 0 Tu e s d a y , J u l y 4 , 2 0 0 6 30 , 0 0 0 We d n e s d a y , J u l y 4 , 20 0 7 35 , 0 0 0 Fr i d a y , J u l y 4 , 2 0 0 8 35 , 0 0 0 Sa t u r d a y , J u l y 4 , 20 0 9 40,000Sunday, July 4, 201035,500Monday, July 4, 201142,000Wed. July 4, 2012 Human Movement Management42,000 (63 parade entries) Br a v o ! Br a v o ! ( G R F A pe r f o r m a n c e s on l y ) 18 p e r f o r m a n c e s : J u n e 26 - J u l y 2 9 , 2 0 0 5 35 , 0 6 8 19 p e r f o r m a n c e s : Ju n e 2 8 - J u l y 2 8 , 20 0 6 36 , 7 2 7 19 p e r f o r m a n c e s : Ju n e 2 7 - J u l y 2 7 , 20 0 7 32 , 6 4 9 20 p e r f o r m a n c e s : Ju n e 2 5 - J u l y 2 5 , 20 0 8 34 , 8 6 8 19 P e r f o r m a n c e s : Ju l y 1 - A u g 4 , 2 0 0 9 34,530June 25- Aug 3, 201041,46920 Performances: June 25-Aug 3, 2011 41,385June 25-Aug 4, 2012Ticketed: 45,492 Non-Ticketed: 13,205 Total: 58,697 Va i l V a l l e y Fo u n d a t i o n Va i l I n t e r n a t i o n a l Da n c e F e s t i v a l (G R F A pe r f o r m a n c e s on l y ) 6 p e r f o r m a n c e s : J u l y 3 0 - Au g u s t 7 , 2 0 0 5 9, 5 5 0 7 p e r f o r m a n c e s : Ju l y 3 0 - A u g u s t 1 3 , 20 0 6 11 , 6 5 4 8 p e r f o r m a n c e s : Ju l y 2 9 - A u g u s t 1 2 , 20 0 7 12 , 2 4 9 7 p e r f o r m a n c e s : Ju l y 2 7 - A u g u s t 9 , 20 0 8 11 , 6 9 8 8 P e r f o r m a n c e s (G R F A ) : J u l y 2 7 - Au g 1 0 , 2 0 0 9 17,500July 26- Aug 10, 201020,6099 Performances: July 26-Aug 14, 201116,968 10 Performances: July 24-Aug 11, 201218,419* Co m m i s s i o n o n Sp e c i a l E v e n t s Cu m u l a t i v e At t e n d a n c e a t GR F A Pe r f o r m a n c e s : A l l Ev e n t s Su m m e r 2 0 0 5 4 6 p e r f o r m a n c e s 80 , 0 8 4 Su m m e r 2 0 0 6 50 p e r f o r m a n c e s 91 , 7 5 2 Su m m e r 2 0 0 7 4 7 p e r f o r m a n c e s 86 , 3 3 2 Su m m e r 2 0 0 8 43 p e r f o r m a n c e s 83 , 7 6 2 Su m m e r 2 0 0 9 44 p e r f o r m a n c e s 91,013Summer 201048 performances 98,444Summer 201148 performances 101,549Summer 201249 perfomances 99,646 Mo o n R i v e r R a n c h Sa t u r d a y Af t e r n o o n C l u b 20 0 5 No t i m p l e m e n t e d 20 0 6 No t i m p l e m e n t e d 20 0 7 No t i m p l e m e n t e d Su m m e r 2 0 0 8 : ( 1 s t ye a r : 5 F r i d a y s ) 2, 5 0 0 Ju l y 3 - A u g 1 4 , 20 0 9 ( 7 F r i d a y s : Bl u e C r e e k Pr o d u c t i o n s 3,5006 Saturdays, July 10-Aug 14, 20102,9756 Saturdays, July 9- Aug 13, 20113,425June 16-Aug 11, 2012 (9 Saturdays)4,320* Fu e l P r i c e s En e r g y I n f o r m a t i o n Ad m i n i s t r a t i o n Av e r a g e p r i c e o f ga s o l i n e p e r g a l l o n (U S D ) i n C o l o r a d o - av e o f w e e k l y av e r a g e s Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m Pa g e 2 o f 7 Last Modified: 1/30/2013 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T R i P i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v a r i e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t t o b e a c c u r a t e , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d b e s t u s e d as a general overview as a result. In d i c a t o r S o u r c e F o c u s S t u d y R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) Re p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) Re p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) Re p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) Re p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) Report Date ('09-'10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m ( 2 0 0 4 - 2 0 1 2 ) Ev e n t At t e n d a n c e Mo o n R i v e r R a n c h Ro c k y M o u n t a i n An t i q u e F e s t i v a l 20 0 5 No t i m p l e m e n t e d 20 0 6 No t i m p l e m e n t e d 20 0 7 No t i m p l e m e n t e d Au g u s t 1 - 3 , 2 0 0 8 : (1 s t y e a r ) 8, 0 0 0 Au g 2 1 - 2 3 , 2 0 0 9 5,000July 16-18, 20105,000July 15-17, 20115,0002012Did not occur Te a m Ch a m p i o n s h i p s I n t l Ki c k - I t 3 v 3 S o c c e r A u g u s t 5 - 7 , 2 0 0 5 27 6 t e a m s 62 9 3 i n c l u d i n g sp e c t a t o r s Au g u s t 4 - 6 , 2 0 0 6 35 1 t e a m s 73 7 1 i n c l u d i n g sp e c t a t o r s Au g u s t 3 - 5 , 2 0 0 7 30 9 t e a m s 64 8 9 i n c l u d i n g sp e c t a t o r s Au g u s t 1 - 3 , 2 0 0 8 30 0 t e a m s 63 0 0 i n c l u d i n g sp e c t a t o r s Ju l y 3 1 - A u g 2 , 20 0 9 30 0 t e a m s 8 1 0 0 in c l u d i n g sp e c t a t o r s Jul 30- Aug 1, 2010288 TeamsJuly 29-31, 201117,400 (290 teams)July 27-29, 201217,700 (295 teams) Ea g l e V a l l e y E v e n t s V a i l A r t s F e s t i v a l Au g u s t 1 9 - 2 1 , 2 0 0 5 : LH M a l l 7, 0 0 0 Au g u s t 1 1 - 1 3 , 2 0 0 6 : E L H C i r c l e 5, 0 0 0 Au g u s t 1 0 - 1 2 , 20 0 7 : E L H C i r c l e 3, 5 0 0 Au g u s t 8 - 1 0 , 2 0 0 8 : E L i o n s h e a d C i r c l e 3, 0 0 0 Ju n e 2 6 - 2 8 , 2 0 0 9 9,000June 25-27, 20108,500June 24-26, 201110,455June 29-July 1, 201215,149 Co m m i s s i o n o n Sp e c i a l E v e n t s Va i l S o u l M u s i c Fe s t i v a l 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occurAug. 20-21, 2010 (1st year)1,700Aug. 19-20, 2011 1,600Aug. 17-19, 20121,874* Co m m i s s i o n o n Sp e c i a l E v e n t s Di v a s H a l f Ma r a t h o n 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occur2010Event did not occurAug. 19-21, 2011 (1st year)2,6922012Did not occur Co m m i s s i o n o n Sp e c i a l E v e n t s US A P r o C y c l i n g Ch a l l e n g e 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occur2010Event did not occurAug. 25, 2011 (1st Year)30,0002012Did not occur Va i l J a z z Fo u n d a t i o n Ja z z @ t h e M a r k e t 9 S u n d a y s 2, 7 0 0 9 S u n d a y s 2, 7 0 0 9 S u n d a y s 2, 7 0 0 9 S u n d a y s 2, 7 0 0 10 S u n d a y s : J u n e 28 - A u g 3 0 , 2 0 0 9 2,7009 Sundays, Jun 27- Aug 29/no July 4, 20103,000Jun 26- Aug 28, 2011 (10 Sundays)3,500June 24- Aug. 30 (10 Sundays)1,500 Va i l J a z z Fo u n d a t i o n Ja z z @ V a i l S q u a r e Ju l y 3 1 - A u g u s t 2 8 , 20 0 8 ( 1 s t y e a r : 5 Th u r s d a y s ) 3, 0 0 0 5 T h u r s d a y s : A u g 6 - Se p t 3 , 2 0 0 9 3,5005 Thursdays, Aug 5- Sep 2, 20102,700July 7- Sept 1, 2011 (9 Thursdays)7,200(9 Thursdays)9,000 Va i l J a z z Fo u n d a t i o n Va i l J a z z P a r t y S e p t e m b e r 2 - 5 , 2 0 0 5 3, 5 0 0 Se p t e m b e r 1 - 4 , 2 0 0 6 3, 5 0 0 Au g u s t 3 1 - Se p t e m b e r 3 , 2 0 0 7 3, 5 0 0 Au g u s t 2 9 - S e p t 1 , 20 0 8 3, 5 0 0 Se p t 3 - 7 , 2 0 0 9 4,000Sep 2-6, 20104,800Sept 2-5, 20113,200Aug 31- Sept 3, 20123,500 Va i l J a z z Fo u n d a t i o n Va i l J a z z F e s t i v a l : al l e v e n t s co m b i n e d 20 0 5 6, 2 0 0 20 0 6 6, 2 0 0 20 0 7 6, 2 0 0 20 0 8 9, 2 0 0 Su m m e r 2 0 0 9 10,200Summer 201010,500June 26-Sept 5, 201113,900June 24- Sept 3, 2012 (40 performances)13,850* Va i l V a l l e y Fo u n d a t i o n St r e e t B e a t 2 0 0 4 - 0 5 ( 1 3 c o n c e r t s ) 31 , 5 0 0 20 0 5 - 0 6 ( 1 0 c o n c e r t s ) 28 , 5 0 0 20 0 6 - 0 7 ( 1 1 co n c e r t s ) 26 , 5 0 0 20 0 7 - 0 8 ( 6 co n c e r t s ) 22 , 6 0 0 20 0 8 - 0 9 ( 1 0 co n c e r t s ) 25,0002009-2010 (9 concerts)22,000Dec. 2010-Apr. 2011 (9 concerts)22,500Dec. 2011- April 2012 (9 performances)14,000* Gr a n d T r a v e r s e Ad v e n t u r e s Ke e n V a i l K i d s Ad v e n t u r e R a c e 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occurAug. 7, 2010396Aug. 13, 20111,744August 10-12, 20122660* Gr a n F o n d o U S A G r a n F o n d o V a i l 2 0 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occur2010Event did not occur2011Event did not occurAug. 18-19 (1st year)466* Hi g h l i n e S p o r t s & En t e r t a i n m e n t Go u r m e t o n G o r e Se p t e m b e r 3 , 2 0 0 5 (1 s t y e a r ) 7, 0 0 0 20 0 6 No t i n s t i t u t e d Se p t e m b e r 1 - 2 , 20 0 7 12 , 5 0 0 Au g u s t 2 9 - 3 1 , 2 0 0 8 18 , 0 0 0 Se p t 4 - 6 , 2 0 0 9 20,000Sept 4-5, 201020,000-30,000Sept.3-5, 2011 (Monday added)30,000Aug 31- Sept 3, 201222,500* Hi g h l i n e S p o r t s & En t e r t a i n m e n t Ok t o b e r f e s t Se p t e m b e r 9 - 1 1 & 1 6 - 18 , 2 0 0 5 40 , 0 0 0 Se p t e m b e r 8 - 1 0 & 1 5 - 17 , 2 0 0 6 40 , 0 0 0 Se p t e m b e r 7 - 9 @ 14 - 1 6 , 2 0 0 7 40 , 0 0 0 Se p t e m b e r 5 - 7 & 1 2 - 14 , 2 0 0 8 40 , 0 0 0 Se p t 1 1 - 1 3 & 1 8 - 2 0 , 20 0 9 40,000+Sept 10-12 & 17-19, 201040,000-50,000Sept. 9-11 & 16-18, 201140,000Sept 7-9 LH, Sept 14-16 VV, 201231,000* I O p e n e r s Va i l R e s t a u r a n t Mo n t h 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occurSept. 20- Oct 17, 2010 (1st year event)UndeterminedSept. 19-Oct.16, 2011Event did not occurSept. 17- Oct. 1412,000* Am e r i c a C u p A m e r i c a C u p 2 0 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occur2010Event did not occurSept. 15-18, 2011 (1st year)600Sept. 20-23850* An t h e m S p o r t s T o u r o f V a i l 2 0 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occur2010Event did not occur2011Event did not occurSept. 29-30 (1st year) 2,521* Li v i n g W e l l Li v i n g A t Y o u r Pe a k 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occur2010Event did not occur2011Event did not occurSept. 13-15423 Li o n s h e a d Me r c h a n t ' s As s o c i a t i o n C o l o r a d o G r a n d S e p t e m b e r 1 2 - 1 7 , 2 0 0 5 25 0 p a r t i c i p a n t s , 40 0 C o n c o u r s sp e c t a t o r s Se p t e m b e r 1 7 - 2 1 , 20 0 6 25 0 p a r t i c i p a n t s , no c o n c o u r s Se p t e m b e r 1 6 - 2 0 , 20 0 7 25 0 p a r t i c i p a n t s , no c o n c o u r s Se p t e m b e r 1 5 - 2 0 , 20 0 8 27 5 p a r t i c i p a n t s , 1, 2 5 0 C o n c o u r s sp e c t a t o r s Se p t 1 7 - 1 8 , 2 0 0 9 1,000Sept 16-17, 2010225 Participants 1200 SpectatorsSept 16-17, 2011350 participants 1200 SpectatorsSept. 14-15, 20122,050* Va i l S y m p o s i u m Un l i m i t e d Ad v e n t u r e S p e a k e r Se r i e s ( 6 e a c h ye a r ) 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 72 5 20 0 7 1, 1 5 2 20 0 8 85 8 20 0 9 1,007201077720118152012671 Va i l V a l l e y S o c c e r Cl u b Va i l C h a l l e n g e C u p O c t o b e r 1 - 2 , 2 0 0 5 2, 2 0 0 p l a y e r s 4, 0 0 0 s p e c t a t o r s Oc t o b e r 7 - 8 , 2 0 0 6 2, 2 0 0 p l a y e r s 4, 0 0 0 s p e c t a t o r s Oc t o b e r 6 - 7 , 2 0 0 7 2, 0 0 0 p l a y e r s 3, 5 0 0 s p e c t a t o r s Oc t o b e r 4 - 5 , 2 0 0 8 1, 8 0 0 p l a y e r s 3, 2 0 0 s p e c t a t o r s Su m m e r 2 0 0 9 1, 5 0 0 p l a y e r s 3, 5 0 0 s p e c t a t o r s Summer 20101980 players 3,500-4000 spectatorsOctober 1-2, 20113,100Oct. 6-7, 20127,500* Sk i a n d S n o w b o a r d Cl u b V a i l Sk i S w a p O c t o b e r 2 8 - 2 9 , 2 0 0 5 3, 0 0 0 Oc t o b e r 2 7 , 2 8 , 2 0 0 6 3, 0 0 0 Oc t o b e r 2 6 - 2 7 , 20 0 7 3, 5 0 0 No v e m b e r 7 - 8 , 20 0 8 4, 0 0 0 No v e m b e r 2 0 0 9 1,700November 20102,100October 28-29, 20112,862Oct. 26-27, 20122,095 Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m Pa g e 3 o f 7 Last Modified: 1/30/2013 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T R i P i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v a r i e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t t o b e a c c u r a t e , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d b e s t u s e d as a general overview as a result. In d i c a t o r S o u r c e F o c u s S t u d y R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) Re p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) Re p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) Re p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) Re p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) Report Date ('09-'10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m ( 2 0 0 4 - 2 0 1 2 ) Ev e n t At t e n d a n c e Hi g h l i n e S p o r t s & En t e r t a i n m e n t Sn o w D a z e 2 0 0 5 Ev e n t d i d n o t o c c u r De c e m b e r 4 - 1 7 , 2 0 0 6 (1 s t y e a r ) 15 , 0 0 0 De c e m b e r 3 - 1 6 , 20 0 7 20 , 0 0 0 De c e m b e r 8 - 1 5 , 20 0 8 17 , 5 0 0 De c e m b e r 2 0 0 9 20,000December 201075,000Dec. 5-11, 201175,000Dec. 10-16, 201255,000 Hi g h l i n e S p o r t s & En t e r t a i n m e n t Va i l F a m i l y Ho l i d a z e 20 0 5 Ev e n t d i d n o t o c c u r 20 0 6 Ev e n t d i d n o t o c c u r 20 0 7 Ev e n t d i d n o t o c c u r 20 0 8 Ev e n t d i d n o t oc c u r 20 0 9 Ev e n t d i d n o t occurDecember 2010 (1st year)Not AvailableDec. 17-25, 3150,000Dec. 17-25, 31, 201250,000 * Attendence counted by third party (RRC) Va i l E c o n o m i c I n d i c a t o r s : T o u r i s m Pa g e 4 o f 7 Last Modified: 1/30/2013 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T R i P i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v a r i e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t t o b e a c c u r a t e , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d best used as a general overview as a result. In d i c a t o r S o u r c e D e s c r i p t i o n R e p o r t D a t e ( ' 0 4 - ' 0 5 ) D a t a ( ' 0 4 - ' 0 5 ) R e p o r t D a t e ( ' 0 5 - ' 0 6 ) D a t a ( ' 0 5 - ' 0 6 ) R e p o r t D a t e ( ' 0 6 - ' 0 7 ) D a t a ( ' 0 6 - ' 0 7 ) R e p o r t D a t e ( ' 0 7 - ' 0 8 ) D a t a ( ' 0 7 - ' 0 8 ) R e p o r t D a t e ( ' 0 8 - ' 0 9 ) D a t a ( ' 0 8 - ' 0 9 )Report Date ('09-'10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 29 7 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) 17 4 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) 17 5 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) 17 7 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) 97 Winter (November '09 - April '10)121Winter (November '10 - April '11)148Winter (November '11 - April '12)151 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 27 0 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 21 7 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 15 8 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 14 9 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 11 5 Summer (May '10 - October '10)195Summer (May '11 - October '11)126Summer (May '12 - October '12)186 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $7 7 8 , 2 9 8 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $1 , 1 6 8 , 2 4 9 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $2 , 1 6 9 , 9 3 3 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $2 , 2 5 8 , 3 6 4 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $2 , 8 5 4 , 3 2 5 Winter (November '09 - April '10)$1,641,593Winter (November '10 - April '11)$1,780,462Winter (November '11 - April '12)$1,709,393 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $1 , 6 4 1 , 1 0 7 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $1 , 3 9 1 , 5 2 6 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $1 , 3 7 0 , 6 9 2 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $2 , 5 0 8 , 7 8 7 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $1 , 1 1 2 , 7 2 8 . 7 0 Summer (May '10 - October '10)$2,111,644.10Summer (May '11 - October '11)$1,443,006Summer (May '12 - October '12)$1,382,832 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $6 0 2 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $7 2 7 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $9 0 2 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $7 6 8 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 , 1 0 3 Winter (November '09 - April '10)$791Winter (November '10 - April '11)$809Winter (November '11 - April '12)$820 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $6 5 6 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $8 3 1 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $7 2 6 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $1 , 3 4 4 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $5 6 8 Summer (May '10 - October '10)$1,060Summer (May '11 - October '11)$724Summer (May '12 - October '12)$652 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $2 2 9 , 4 5 1 , 0 0 0 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $2 0 3 , 2 7 5 , 3 0 0 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $3 7 9 , 7 3 8 , 2 0 0 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $3 9 9 , 7 3 0 , 5 0 0 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $2 7 6 , 8 6 9 , 5 0 0 Winter (November '09 - April '10)$198,632,700Winter (November '10 - April '11)$258,807,117Winter (November '11 - April '12)$252,990,200 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $4 4 3 , 0 9 8 , 8 0 0 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $3 0 1 , 9 6 1 , 1 0 0 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $2 1 6 , 5 6 9 , 4 0 0 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $3 7 3 , 8 0 9 , 3 0 0 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $1 2 7 , 9 6 3 , 8 0 0 Summer (May '10 - October '10)$411,770,600Summer (May '11 - October '11)$174,867,073Summer (May '12 - October '12)$261,284,200 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 97 . 5 0 % Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) 94 . 9 0 % Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) 95 . 3 0 % Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) 96 . 0 0 % Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) 91 . 8 3 % Winter (November '09 - April '10)85.44%Winter (November '10 - April '11)87.50%Winter (November '11 - April '12)89.27% Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 95 . 2 % Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 94 . 5 0 % Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 94 . 4 0 % Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 97 . 4 0 % Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 85 . 1 2 % Summer (May '10 - October '10)89.92%Summer (May '11 - October '11)90.00%Summer (May '12 - October '12)90.06% Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 18 4 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) 16 5 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) 16 3 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) 14 3 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) 82 Winter (November '09 - April '10)113Winter (November '10 - April '11)148Winter (November '11 - April '12)143 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 24 3 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 20 0 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 14 4 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 15 6 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 98 Summer (May '10 - October '10)194Summer (May '11 - October '11)120Summer (May '12 - October '12)182 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 10 7 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) 5 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) 10 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) 11 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) 15 Winter (November '09 - April '10)8Winter (November '10 - April '11)5Winter (November '11 - April '12)8 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 27 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 2 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 7 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 6 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 17 Summer (May '10 - October '10)1Summer (May '11 - October '11)6Summer (May '12 - October '12)4 *R e a l e s t a t e i n d i c a t o r s t h a t w e r e u n a b l e t o b e v e r i fi e d i n t i m e o f t h e p u b l i c a t i o n o f t h i s d o c u m e n t a n d t h e r e f o r e a r e u n a v a i l a b l e . A n u p d a t e o f t h i s s u m ma r y w i l l b e p r o v i d e d o n c e t h i s d a t a i s a v a i l a b l e . Annual (January '12 - December '12)Not Available Va i l E c o n o m i c I n d i c a t o r s : R e a l E s t a t e ( 2 0 0 4 - 2 0 1 2 ) Annual (January '12 - December '12)Not Available Annual (January '12 - December '12)Not Available Annual (January '12 - December '12)Not AvailableAnnual (January '11 - December '11) Sa l e P r i c e Av e r a g e r a t i o o f li s t p r i c e t o s a l e pr i c e w i t h i n V a i l La n d T i t l e Gu a r a n t e e Co m p a n y 89 3 64 Gr o s s S a l e s Annual (January '10 - December '10) Ea g l e C o u n t y As s e s s o r ' s O f f i c e Ea g l e C o u n t y As s e s s o r ' s O f f i c e Annual (January '11 - December '11)0Annual (January '10 - December '10)Annual (January '10 - December '10)29,006sfAnnual (January '11 - December '11)0 0 Annual (January '11 - December '11)Annual (January '10 - December '10) Fr a c t i o n a l F e e Un i t s Co n s t r u c t e d Co m m u n i t y De v e l o p m e n t De p a r t m e n t Nu m b e r o f ad d i t i o n a l fr a c t i o n a l f e e u n i t s co n s t r u c t e d w i t h i n Va i l Pr i c e R a t i o Nu m b e r o f ad d i t i o n a l d w e l l i n g un i t s c o n s t r u c t e d wi t h i n V a i l Dw e l l i n g U n i t s Co n s t r u c t e d 9, 2 5 0 s f Co m m u n i t y De v e l o p m e n t De p a r t m e n t An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) Ea g l e C o u n t y As s e s s o r ' s O f f i c e To t a l G r o s s S a l e s Am o u n t ( U S D ) wi t h i n V a i l 24 Nu m b e r o f ad d i t i o n a l h o t e l un i t s c o n s t r u c t e d wi t h i n V a i l Nu m b e r o f re s i d e n t i a l pr o p e r t i e s s o l d wi t h i n V a i l 0 An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) 9 An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) Re a l E s t a t e Sa l e s Ea g l e C o u n t y As s e s s o r ' s O f f i c e To t a l n u m b e r o f Re a l E s t a t e Tr a n s a c t i o n s wi t h i n V a i l Ea g l e C o u n t y As s e s s o r ' s O f f i c e Av e r a g e s a l e p r i c e of R e a l E s t a t e tr a n s a c t i o n s w i t h i n Va i l Nu m b e r o f co m m e r c i a l pr o p e r t i e s s o l d wi t h i n V a i l Ea g l e C o u n t y As s e s s o r ' s O f f i c e Co m m e r c i a l Pr o p e r t i e s S o l d Pr i c e P e r S q u a r e Fo o t Av e r a g e p r i c e o f Re a l E s t a t e p e r sq u a r e f o o t w i t h i n Va i l An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) Re s i d e n t i a l Pr o p e r t i e s S o l d Ne t N e w Co m m e r c i a l Sq u a r e F o o t a g e Co m m u n i t y De v e l o p m e n t De p a r t m e n t Ne t N e w Co m m e r c i a l Sq u a r e F o o t a g e Co n s t r u c t e d w i t h i n Va i l Ho t e l / Ac c o m m o d a t i o n Un i t s Co n s t r u c t e d Co m m u n i t y De v e l o p m e n t De p a r t m e n t An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) 20 00 An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) 0 An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) 11 An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) 75 An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) 0 An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) 90 77 24 , 5 6 8 s f 36 , 2 0 7 s f An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) 0 An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) 0 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) 1, 5 5 2 s f An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) 59 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) 2 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) Va i l E c o n o m i c I n d i c a t o r s : R e a l E s t a t e Pa g e 5 o f 7 Last Modified: 1/30/2013 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T R i P i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v a r i e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t to b e a c c u r a t e , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d best used as a general overview as a result. So u r c e D e s c r i p t i o n R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) R e p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) R e p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) R e p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) R e p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) R e p o r t D a t e ( ' 0 9 - '10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 , 9 5 9 , 6 9 2 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $2 , 1 5 0 , 6 4 3 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $2 , 2 3 5 , 6 6 5 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $2 , 1 0 2 , 1 1 6 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 , 5 9 8 , 2 7 1 Winter (November '09 - April '10)$1,696,072Winter (November '10 - April '11)$1,958,121Winter (November '11 - April '12)$2,054,316 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $7 0 7 , 9 9 2 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $7 0 9 , 0 9 1 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $7 2 4 , 9 9 8 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $6 6 6 , 1 5 5 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $5 7 3 , 5 0 5 Summer (May '10 - October '10)$609,452Summer (May '11 - October '11)$693,894Summer (May '12 - October '12)$757,511 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $6 9 9 , 8 2 6 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $6 8 0 , 2 9 2 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $7 0 4 , 9 1 1 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $8 5 6 , 9 0 6 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $8 2 8 , 9 1 5 Winter (November '09 - April '10)$883,556Winter (November '10 - April '11)$977,397Winter (November '11 - April '12)$973,853 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $1 4 6 , 5 6 0 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $1 5 4 , 9 8 4 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $1 5 1 , 5 6 0 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $2 1 0 , 3 4 3 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $1 8 7 , 1 7 5 Summer (May '10 - October '10)$199,152Summer (May '11 - October '11)$228,326Summer (May '12 - October '12)$224,236 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 , 0 3 8 , 9 4 1 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $1 , 1 0 9 , 7 8 1 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $1 , 1 4 4 , 3 8 8 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $1 , 1 9 2 , 7 0 3 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 , 1 5 3 , 7 8 9 Winter (November '09 - April '10)$1,095,944Winter (November '10 - April '11)$1,131,777Winter (November '11 - April '12)$1,129,250 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $6 7 1 , 5 0 3 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $7 0 7 , 5 8 7 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $7 1 2 , 1 2 7 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $7 6 4 , 7 2 7 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $6 8 0 , 9 5 1 Summer (May '10 - October '10)$661,824Summer (May '11 - October '11)$694,593Summer (May '12 - October '12)$716,841 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 , 8 1 9 , 6 5 6 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $2 , 0 2 1 , 7 1 7 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $2 , 0 9 0 , 1 8 9 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $2 , 1 4 7 , 2 3 6 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 , 8 4 9 , 3 4 5 Winter (November '09 - April '10)$1,793,215Winter (November '10 - April '11)$2,148,434Winter (November '11 - April '12)$2,474,013 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $3 7 7 , 9 9 8 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $3 8 8 , 5 5 2 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $4 1 4 , 7 8 9 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $4 4 6 , 3 9 9 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $3 3 0 , 7 1 9 Summer (May '10 - October '10)$408,732Summer (May '11 - October '11)$587,090Summer (May '12 - October '12)$679,108 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 , 2 1 1 , 8 2 8 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $1 , 3 2 0 , 1 8 0 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $1 , 4 4 8 , 2 0 5 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $1 , 5 9 0 , 5 1 7 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 , 3 6 7 , 7 3 7 Winter (November '09 - April '10)$1,499,389Winter (November '10 - April '11)$1,670,696Winter (November '11 - April '12)$1,753,721 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $2 4 7 , 3 0 5 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $2 8 2 , 5 9 1 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $3 2 3 , 8 1 2 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $3 2 4 , 6 4 8 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $2 6 1 , 2 7 2 Summer (May '10 - October '10)$343,795Summer (May '11 - October '11)$361,690Summer (May '12 - October '12)$382,847 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $8 6 1 , 7 3 2 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $9 1 1 , 9 0 9 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $1 , 0 6 2 , 4 2 3 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $1 , 0 9 1 , 5 7 9 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $8 0 7 , 3 0 3 Winter (November '09 - April '10)$773,479Winter (November '10 - April '11)$818,314Winter (November '11 - April '12)$825,221 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $2 7 6 , 4 9 1 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $2 9 4 , 3 8 2 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $3 0 2 , 7 7 9 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $3 0 8 , 9 2 7 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $2 1 9 , 3 5 3 Summer (May '10 - October '10)$237,964Summer (May '11 - October '11)$268,044Summer (May '12 - October '12)$287,720 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 , 5 6 5 , 9 3 8 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $1 , 7 0 9 , 7 3 1 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $1 , 8 6 5 , 6 7 0 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $1 , 8 4 7 , 5 6 4 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 , 6 5 3 , 7 3 8 Winter (November '09 - April '10)$1,679,681Winter (November '10 - April '11)$2,023,554Winter (November '11 - April '12)$2,247,260 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $7 4 7 , 9 2 0 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $7 7 7 , 9 7 0 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $8 6 7 , 2 4 0 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $8 7 2 , 5 6 7 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $7 4 1 , 0 5 4 Summer (May '10 - October '10)$853,549Summer (May '11 - October '11)$1,082,986Summer (May '12 - October '12)$1,194,758 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $3 8 8 , 0 9 6 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $3 9 5 , 7 8 9 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $3 9 8 , 3 7 5 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $5 5 2 , 0 6 8 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $5 8 1 , 4 0 8 Winter (November '09 - April '10)$586,820Winter (November '10 - April '11)$632,942Winter (November '11 - April '12)$636,165 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $1 6 1 , 6 1 1 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $1 7 2 , 7 6 4 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $2 2 7 , 8 5 8 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $3 0 8 , 7 2 8 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $2 4 5 , 6 4 9 Summer (May '10 - October '10)$278,229Summer (May '11 - October '11)$287,316Summer (May '12 - October '12)$354,295 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $3 8 2 , 3 2 6 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $4 2 7 , 5 8 5 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $4 4 5 , 5 4 9 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $4 1 9 , 8 2 4 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $3 5 7 , 0 0 9 Winter (November '09 - April '10)$320,657Winter (November '10 - April '11)$335,369Winter (November '11 - April '12)$336,275 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $3 0 8 , 9 3 3 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $3 2 1 , 0 1 9 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $3 3 5 , 2 6 3 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $2 8 6 , 2 4 4 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $2 2 8 , 9 7 9 Summer (May '10 - October '10)$255,147Summer (May '11 - October '11)$269,587Summer (May '12 - October '12)$275,301 Sa l e s t a x % In c r e a s e Fu l l Y e a r 2 0 0 5 v s . f u l l ye a r 2 0 0 4 6. 6 % Fu l l Y e a r 2 0 0 6 v s . f u l l ye a r 2 0 0 5 8. 2 % Fu l l Y e a r S a l e s T a x In c r e a s e ( D e c r e a s e ) 6. 0 % Fu l l Y e a r S a l e s T a x In c r e a s e ( D e c r e a s e ) 3. 8 % Fu l l Y e a r S a l e s T a x In c r e a s e ( D e c r e a s e ) -1 3 . 8 % Full Year Sales Tax Increase (Decrease)4.5%Full Year Sales Tax Increase (Decrease)10.5%Full Year Sales Tax Increase (Decrease)Not Available CP I % I n c r e a s e F u l l Y e a r 2 0 0 5 v s . f u l l ye a r 2 0 0 4 3. 4 % Fu l l Y e a r 2 0 0 6 v s . f u l l ye a r 2 0 0 5 3. 2 % Fu l l Y e a r C P I I n c r e a s e (D e c r e a s e ) 2. 8 % Fu l l Y e a r C P I I n c r e a s e (D e c r e a s e ) 3. 8 % Fu l l Y e a r C P I I n c r e a s e (D e c r e a s e ) -0 . 4 % Full Year CPI Increase (Decrease)1.6%Full Year CPI Increase (Decrease)3.2%Full Year CPI Increase (Decrease)Not Available Sa l e s t a x b e t t e r (w o r s e ) t h a n in f l a t i o n Fu l l Y e a r 2 0 0 5 v s . f u l l ye a r 2 0 0 4 3. 2 % Fu l l Y e a r 2 0 0 6 v s . f u l l ye a r 2 0 0 5 5. 0 % Sa l e s T a x B e t t e r (W o r s e ) T h a n I n f l a t i o n 3. 2 % Sa l e s T a x B e t t e r (W o r s e ) T h a n I n f l a t i o n 0. 0 % Sa l e s T a x B e t t e r (W o r s e ) T h a n I n f l a t i o n -1 3 . 4 % Sales Tax Better (Worse) Than Inflation2.9%Sales Tax Better (Worse) Than Inflation7.3%Sales Tax Better (Worse) Than InflationNot Available TO V F i n a n c e De p a r t m e n t To t a l co n s t r u c t i o n us e t a x e s An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) No t i m p l e m e n t e d An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) No t i m p l e m e n t e d An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) No t i m p l e m e n t e d An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) $6 0 8 , 4 8 3 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) $7 1 3 , 5 8 2 Annual (January '10 - December '10)$1,103,119Annual (January '11 - December '11)$721,002Annual (January '12 - December '12)Not Available TO V F i n a n c e De p a r t m e n t To t a l p r o p e r t y ta x e s c o l l e c t e d An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) $2 , 4 6 9 , 6 2 9 An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) $2 , 7 5 1 , 0 3 2 An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) $2 , 8 3 0 , 3 3 1 An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) $4 , 0 9 2 , 1 6 7 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) $4 , 3 1 7 , 4 1 7 Annual (January '10 - December '10)$4,782,945Annual (January '11 - December '11)$4,866,254Annual (January '12 - December '12)Not Available TO V F i n a n c e De p a r t m e n t To t a l R e a l Es t a t e T r a n s f e r Ta x c o l l e c t e d An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) $6 , 2 0 6 , 0 5 8 An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) $6 , 2 3 9 , 7 4 4 An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) $6 , 5 3 6 , 1 1 8 An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) $9 , 0 9 1 , 9 1 7 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) $2 , 5 1 3 , 4 8 1 Annual (January '10 - December '10)$6,950,701Annual (January '11 - December '11)$4,403,706Annual (January '12 - December '12)Not Available TO V F i n a n c e De p a r t m e n t Ge n e r a l F u n d Ye a r - E n d Ba l a n c e As o f D e c e m b e r 3 1 , 20 0 5 $1 3 , 6 7 3 , 8 0 8 As o f D e c e m b e r 3 1 , 20 0 6 $1 5 , 4 3 3 , 0 5 1 Ge n e r a l F u n d B a l a n c e ss o f D e c e m b e r 3 1 , 20 0 7 $1 9 , 8 3 4 , 7 1 7 Ge n e r a l F u n d B a l a n c e as o f D e c e m b e r 3 1 , 20 0 8 $2 3 , 0 0 2 , 8 8 6 Ge n e r a l f u n d B a l a n c e a s of D e c e m b e r 3 1 , 2 0 0 9 $2 3 , 1 7 3 , 4 1 7 General Fund Balance as of December 31, 2010$22,886,692General Fund Balance as of December 31, 2011$25,546,285General Fund Balance as of December 31, 2012Not Available Va i l E c o n o m i c I n d i c a t o r s : T o w n R e v e n u e ( 2 0 0 4 - 2 0 1 2 ) In d i c a t o r Va i l V i l l a g e Am o u n t co l l e c t e d ( U S D ) R e t a i l S a l e s T a x Am o u n t co l l e c t e d ( U S D ) Li o n s h e a d TO V F i n a n c e De p a r t m e n t Am o u n t co l l e c t e d ( U S D ) TO V F i n a n c e De p a r t m e n t Ca s c a d e / E . Va i l / S a n d s t o n e & W . V a i l Am o u n t co l l e c t e d ( U S D ) TO V F i n a n c e De p a r t m e n t L o d g i n g S a l e s T a x Va i l V i l l a g e TO V F i n a n c e De p a r t m e n t Li o n s h e a d TO V F i n a n c e De p a r t m e n t Ca s c a d e / E . Va i l / S a n d s t o n e & W . V a i l Am o u n t co l l e c t e d ( U S D ) To t a l R e a l E s t a t e T r a n s f e r Ta x To w n R e s e r v e s TO V F i n a n c e De p a r t m e n t Am o u n t co l l e c t e d ( U S D ) Am o u n t co l l e c t e d ( U S D ) Am o u n t co l l e c t e d ( U S D ) Ca s c a d e / E . Va i l / S a n d s t o n e & W . V a i l To t a l P r o p e r t y T a x F o o d & B e v e r a g e S a l e s T a x Am o u n t co l l e c t e d ( U S D ) TO V F i n a n c e De p a r t m e n t TO V F i n a n c e De p a r t m e n t Li o n s h e a d TO V F i n a n c e De p a r t m e n t To t a l S a l e s T a x v s . I n f l a t i o n as M e a s u r e d b y C P I TO V F i n a n c e De p a r t m e n t Va i l V i l l a g e Co n s t r u c t i o n U s e T a x Va i l E c o n o m i c I n d i c a t o r s : T o w n R e v e n u e Pa g e 6 o f 7 Last Modified: 1/30/2013 2/5/2013 Da t a p r o v i d e d w a s c o l l e c t e d b y t h e T o w n o f V a i l a n d M T Ri P i n J a n . 2 0 0 9 a n d u p d a t e d i n J a n . o f 2 0 1 3 f r o m a v ar i e t y o f s e c o n d a r y s o u r c e s , w h i c h a r e t h o u g h t t o b e a c c u r a te , b u t n o t i n d e p e n d e n t l y v e r i f i e d a n d b e s t u s e d a s a general overview as a result. In d i c a t o r S o u r c e D e s c r i p t i o n R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) R e p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) R e p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) R e p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) R e p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) R e p o r t D a t e ( ' 0 9 - '10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) No t i m p l e m e n t e d Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) No t i m p l e m e n t e d Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $9 7 , 1 2 2 , 8 0 1 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $9 7 , 9 5 7 , 8 3 7 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $7 8 , 7 1 0 , 1 3 7 Winter (November '09 - April '10)$78,540,486Winter (November '10 - April '11)$85,290,554Winter (November '11 - April '12)$84,893,678 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) No t i m p l e m e n t e d Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) No t i m p l e m e n t e d Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $3 0 , 6 3 6 , 7 6 5 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $2 9 , 4 9 6 , 3 7 5 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $2 4 , 4 2 3 , 3 8 9 Summer (May '10 - October '10)$26,863,029Summer (May '11 - October '11)$28,314,187Summer (May '12 - October '12)Not available In d i c a t o r S o u r c e D e s c r i p t i o n R e p o r t D a t e ( ' 0 4 - '0 5 ) Da t a ( ' 0 4 - ' 0 5 ) R e p o r t D a t e ( ' 0 5 - '0 6 ) Da t a ( ' 0 5 - ' 0 6 ) R e p o r t D a t e ( ' 0 6 - '0 7 ) Da t a ( ' 0 6 - ' 0 7 ) R e p o r t D a t e ( ' 0 7 - '0 8 ) Da t a ( ' 0 7 - ' 0 8 ) R e p o r t D a t e ( ' 0 8 - '0 9 ) Da t a ( ' 0 8 - ' 0 9 ) R e p o r t D a t e ( ' 0 9 - '10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12) Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) 10 0 . 9 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) 10 4 . 6 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) 10 7 . 8 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) 77 . 8 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) 35 . 3 Winter (November '09 - April '10)52.9Winter (November '10 - April '11)62.3Winter (November '11 - April '12)65.2 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) 98 . 5 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) 10 4 . 7 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) 10 4 . 4 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) 52 . 6 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) 51 . 2 Summer (May '10 - October '10)53.3Summer (May '11 - October '11)51.8Summer (May '12 - October '12)65.9 Wi n t e r ( N o v e m b e r ' 0 4 - Ap r i l ' 0 5 ) $1 . 3 1 Wi n t e r ( N o v e m b e r ' 0 5 - Ap r i l ' 0 6 ) $1 . 2 0 Wi n t e r ( N o v e m b e r ' 0 6 - Ap r i l ' 0 7 ) $1 . 3 2 Wi n t e r ( N o v e m b e r ' 0 7 - Ap r i l ' 0 8 ) $1 . 5 0 Wi n t e r ( N o v e m b e r ' 0 8 - Ap r i l ' 0 9 ) $1 . 3 1 Winter (November '09 - April '10)$1.41Winter (November '10 - April '11)$1.37Winter (November '11 - April '12)1 Su m m e r ( M a y ' 0 5 - Oc t o b e r ' 0 5 ) $1 . 2 2 Su m m e r ( M a y ' 0 6 - Oc t o b e r ' 0 6 ) $1 . 2 7 Su m m e r ( M a y ' 0 7 - Oc t o b e r ' 0 7 ) $1 . 3 7 Su m m e r ( M a y ' 0 8 - Oc t o b e r ' 0 8 ) $1 . 4 9 Su m m e r ( M a y ' 0 9 - Oc t o b e r ' 0 9 ) $1 . 4 2 Summer (May '10 - October '10)$1.29Summer (May '11 - October '11)$1.41Summer (May '12 - October '12)$1.26 Va i l E c o n o m i c I n d i c a t o r s : B u s i n e s s G r o w t h ( 2 0 0 4 - 2 0 1 2 ) Va i l E c o n o m i c I n d i c a t o r s : M a c r o e c o n o m i c ( 2 0 0 4 - 2 0 1 2 ) Annual (July '11 - June '12)1,385,085,000 Not available Annual (January '12 - December '12)Not available Not availableAnnual (June '11 - July '12)Annual (January '11 - December '11)26,884 Annual (June '10 - July '11)5,242 5, 0 2 7 5,278Annual (July '09 - June '10)1,409,032,000 Annual (January '10 - December '10)9.5%Annual (January '10 - December '10)26,582 4, 9 6 0 Annual (June '09 - July '10) An n u a l ( J u n e ' 0 8 - J u l y '0 9 ) An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) 27 , 9 6 1 Am o u n t o f s a l e s (U S D ) Ba n k i n g De p o s i t s i n E a g l e Co u n t y Mt r i p Sa m e S t o r e S a l e s re p o r t s To t a l a m o u n t o f ba n k i n g d e p o s i t s (U S D ) FD I C US D o l l a r v s . Eu r o Un e m p l o y m e n t Ra t e Co l o r a d o S t a t e Go v e r n m e n t , De p a r t m e n t o f L o c a l Af f a i r s Co n s u m e r Co n f i d e n c e In d e x US C o n f e r e n c e Bo a r d Co l o r a d o D e p a r t m e n t of L a b o r - L o c a l A r e a Un e m p l o y m e n t St a t i s t i c s Po p u l a t i o n Es t i m a t e s US F e d e r a l Re s e r v e s Em p l o y m e n t Co l o r a d o D e p a r t m e n t of L a b o r - L o c a l A r e a Un e m p l o y m e n t St a t i s t i c s An n u a l ( a s o f J u l y ' 0 7 ) A n n u a l ( J u n e ' 0 7 - J u l y '0 8 ) 4, 7 8 9 4, 8 1 2 An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) 3. 9 % 2. 9 % 3. 4 % 27 , 5 2 2 4, 8 7 1 US D o l l a r v s . E u r o An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) An n u a l ( a s o f J u l y ' 0 5 ) A n n u a l ( a s o f J u l y ' 0 6 ) Co n s u m e r Co n f i d e n c e I n d e x Un e m p l o y m e n t ra t e i n E a g l e Co u n t y An n u a l ( J a n u a r y ' 0 6 - De c e m b e r ' 0 6 ) Nu m b e r o f es t i m a t e d f u l l - t i m e re s i d e n t s i n V a i l Es t i m a t e d n u m b e r of p e o p l e em p l o y e d i n E a g l e Co u n t y An n u a l ( J u l y ' 0 4 - J u n e '0 5 ) $1 , 1 3 9 , 5 6 6 , 0 0 0 An n u a l ( J u l y ' 0 5 - J u n e '0 6 ) 30 , 4 7 7 3. 6 % An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) An n u a l ( J a n u a r y ' 0 5 - De c e m b e r ' 0 5 ) $1 , 3 7 3 , 1 3 9 , 0 0 0 $1 , 4 5 9 , 6 8 5 , 0 0 0 An n u a l ( J u l y ' 0 7 - J u n e '0 8 ) An n u a l ( J u l y ' 0 6 - J u n e '0 7 ) 29 , 1 2 7 An n u a l ( J a n u a r y ' 0 7 - De c e m b e r ' 0 7 ) An n u a l ( J a n u a r y ' 0 8 - De c e m b e r ' 0 8 ) $1 , 4 9 1 , 8 4 7 , 0 0 0 30 , 3 0 0 Annual (January '12 - December '12) An n u a l ( J u l y ' 0 8 - J u n e '0 9 ) $1 , 4 4 9 , 8 9 9 , 0 0 0 An n u a l ( J a n u a r y ' 0 9 - De c e m b e r ' 0 9 ) 7. 4 % Annual (July '10 - June '11)1,370,288,000 Annual (January '11 - December '11)8.6% Va i l E c o n o m i c I n d i c a t o r s : B u s i n e s s G r o w t h _ M a c r o E c o n Pa g e 7 o f 7 Last Modified: 1/30/2013 2/5/2013 - 1 - TOWN OF VAIL REVENUE HIGHLIGHTS January 30th, 2013 Sales Tax December collections are $2,941,408 down 7.6% from last year and up 8.3% compared to budget. We anticipate additional returns and will provide a future update as data becomes available. Year to date collections of $20.0 million are up 2.2% from prior year, and exceed the record level of 2008 ($19.6 million). Year to date revenue is up 5.9% from the amended budget. Inflation as measured by the consumer price index was up 1.7% for the year. Real Estate Transfer Tax (RETT) RETT collections through December 31 total $5,451,409 up 24% from this time last year, and a 42% increase from budget. Of current collections, approximately $1,230,728 or 23% is from major redevelopment projects including Arrabelle, Four Seasons, Landmark, Lionsquare Lodge North, Manor Vail, Mountain View, Ritz Carlton Residences, Solaris, and The Sebastian. Collections not related to major redevelopment projects currently total $4,220,681, a 55% increase from 2011. January collections currently total $90,284. Parking Revenue Season to date: Pass sales from November through January 23 total $552,705, down 1.8% from prior winter season. Daily sales from the parking structures total approximately $1.2 million, down 0.9% from the prior winter season, however the 2013 sales are only as of January 23rd, not the full month. Property Tax Collections for the full year 2012 totaled $4.0 million as budgeted, 22% down from prior year revenue of $4.9 million. Summary Across all funds, total revenue of $50.0 million is up 2.8% from budget and down 3.0% from 2011 due to a decrease in property tax collections and parking revenue. 2/5/2013 VVVAAAIIILLL 555000ttthhh DDDVVVDDD In The Spirit of The Founders Roger Brown P.O. Box 420, Gypsum, CO 81637 (970) 524-1588 rogercottonbrown@earthlink.net Memo to: Vail Town Council From: Roger Brown Date: January 14, 2013 Subject: “Vail: The Rise of America’s Iconic Ski Resort”, long version. “Vail: The Rise of America’s Iconic Ski Resort” played on Rocky Mountain PBS on January 3. It received a 1.1 rating which is high for the station. They estimate that approximately 17,000 households watched the show. Son Nick has very good connections at PBS national and is helping me explore the national option. We will have to remove a few minutes to meet their requirements and perhaps a few of the more commercial elements. I will report to you on these efforts when we know more. We are working the long version ( director’s cut ) of the Vail 50th show. It will run between two and three hours when it’s finished. This version picks up all of the good stories we didn’t have room for in the TV cut. Over time I believe it will have even more value than the TV version. It’s a richer more complete history that will give new employees, new residents, and visitors a real sense of how the resort started and what has made it successful. We will break the show into three of four chapters as the long version will be too long for continuous viewing. All of the material in the TV cut will also be the director’s cut. I budgeted $80,000 for this second production and have raised $45,000 so far. These funds will take us through a rough edit but not through to completion ( music, effects, a narrator, etc. ) and some additional shooting. $35,000 more will be needed. Hopefully the town can cover some of this. If you can let me now the Town’s schedule concerning funding grants I will get a proposal off to you. We should have a new script done in about a month. The new material will be highlighted so you can see the additions. We will be able to shoot a limited amount of new material if necessary. All for now. Sincerely, Roger Brown 2/5/2013 VVVAAAIIILLL 555000ttthhh DDDVVVDDD In The Spirit of The Founders Roger Brown P.O. Box 420, Gypsum, CO 81637 (970) 524-1588 rogercottonbrown@earthlink.net July 10, 2012 Vail’s 50th Anniversary is just five months away. The films we are making about Vail’s history tells an amazing wonderful story that we can all be proud of but we need additional financial help to complete the project. Let me explain. For well over two years now I have been assembling everything I can find on Vail’s history; all my early films, the Vail Associates library of still photos from the early photographers like Shorty Wilcox and Barry Stott, Betacam material in the Vail Resorts library, 10th Mountain troops stills and movies, personal interviews and stories from old timers like Bob Parker, Pepi and Sheika Gramshammer and Dave and Renie Gorsuch, to mention a few. At first I planned to make two one hour shows, the first designed for PBS, the other for committed Vail fans and new and old locals. What I have found is that it’s going to take at least two hours to cover all the good stories and personalities that Vail aficionados are going to want to see. So now I’m looking at a three hours. Even then I can make no promises about getting everybody that is deserving into the films but certainly the history will much more complete. Originally the film project was budgeted for approximately $550,000. When the recession hit we had to essentially cut the budget in half or not make a history documentary at all. We have raised approximately $235,500 so far, and we are in good financial shape at this point but if we want to add another hour to tell THE WHOLE STORY, on top of producing the PBS show, it’s going to take more money. To do everything in broadcast quality (approximately three hours at this point) we will need additional $81,000. 2/5/2013 VVVAAAIIILLL 555000ttthhh DDDVVVDDD In The Spirit of The Founders Roger Brown P.O. Box 420, Gypsum, CO 81637 (970) 524-1588 rogercottonbrown@earthlink.net People who donate $100 or more will be listed in the tail end credits. Businesses that donate $500 or more will also be credited in the tail end credits. A donation of $25,000 or more will receive a listing on the front end of the film along with Vail Resorts, The Town of Vail, and the Gramshammers. Donations made out to the International Skiing History Association ( earmarked Vail 50th ) are tax deductable. The checks should be sent to me at P. O. Box 420, Gypsum, Colorado 81637 and I will send them on to ISHA, and you will receive confirmation of your donation from them. You can see three Vail 50th Anniversary teases on the Internet by googling “Vail.com/history”. One spot is on the founders Pete Seibert and Earl Eaton, a second show is on the Summer of 1962 when the lifts, trails, and town were built, and a third show is on the early skiers that created Freestyle aerial acrobatics. We will be producing more of these teases as the anniversary approaches. Please be a part of Vail history by supporting this very important and timeless project. Thank you. Roger Brown, producer 2/5/2013 VVVAAAIIILLL 555000ttthhh DDDVVVDDD In The Spirit of The Founders Roger Brown P.O. Box 420, Gypsum, CO 81637 (970) 524-1588 rogercottonbrown@earthlink.net Additional Costs 60 minutes at $135.00/minute $81,000. Breakdown Sound track: music, effects, etc. $15,500 Cinematography 8,500 Transfers 7,000 Editing 32,000 Producer 8,000 Overhead 10,000 Son Nick is a top documentary producer at the BBC ( British Broadcasting Corp. ). His credits include “The Human Planet”, “Frontier House” and numerous other award winning documentaries. His skills will contribute substantially to get getting the film aired on national and international cable television. PBS, The Discovery Channel, and The History Channel are some of the possibilities. His full participation in post production depends on raising more money for the project. Town of Vail Contribution - $20,000 Dick Bass contribution - $25,000 Balance Needed - $36,000 2/5/2013 VVVAAAIIILLL 555000ttthhh DDDVVVDDD In The Spirit of The Founders Roger Brown P.O. Box 420, Gypsum, CO 81637 (970) 524-1588 rogercottonbrown@earthlink.net 2/5/2013 To: Vail Town Council From: Community Development Department Date: January 29, 2013 Subject: Gore Creek Streamtract Encroachment Update I. PURPOSE The purpose of this memo is to provide the Town of Vail Council an update on the status of the stream tract encroachment enforcement efforts conducted by the Community Development Department. On October 6, 2009, Town Council adopted a “zero tolerance” policy for allowing illegal private encroachments on town -owned stream tract lands and instructed staff to pursue removal of all encroachments. The Community Development Department originally discovered 68 private encroachments and disturbances into the public stream tracts. As of November, 2012, 34 encroachments remained unresolved requiring follow up site inspections by staff. Of the 34 encroachments, 29 are mowing the stream tract. These inspections identified numerous properties that have modified or encroached onto sensitive riparian areas including, but not limited to; landscaping town -owned riparian property; building decorative planters; using the areas for recreational seating; or in more severe cases building structures, such as patios and a basketball court on town- owned properties. In many cases Town staff has been able to work with owners to mitigate private encroachments resulting in written agreements by owners to stop mowing and/or removal of structures that will result in restoration of the stream tract to its natural state. II. SUMMARY Since November, 2012 the Town has taken the following actions to remove private encroachments from the public stream tracts:  Conducted a visual assessment of properties adjacent to Town-owned stream tracts along Gore Creek from Booth Creek Drive to Westhaven Circle adjacent to the Cascade Resort.  Reviewed aerial photos of the town-owned stream tract property boundaries.  Identified private encroachments onto town-owned property.  Contacted adjacent property owners encroaching onto stream tracts via telephone, email, regular mail and certified letters to identify issues .  Working with adjacent property owners to mitigate encroachments and restore the stream tract to a natural state. 2/5/2013 Town of Vail Page 2 The following details the status of the 2012/2013 efforts to remove encroachments:  34 property owners were sent certified letters in April 2011. o 19 property owners have resolved their trespassing issues by submitting written statements agreeing to stop mowing the Town stream tract. Staff will confirm during summer 2013 that mowing has stopped and/or encroachments are removed. o 8 property owners have impending site visits to discuss resolution. o 6 property owners have accepted the certified letters sent by Staff but either refuse to comply or wish to take their case to court. The Vail Police Department is in the process of serving summons to these 6 property owners. o 1 property owner has been served a summons and working on res olution with the Town prosecuting attorney.  Staff will continue to work with cooperative property owners to remove illegal encroachments and conduct annual inspections of stream tracts to ensure compliance.  Staff is continuing to evaluate additional suspe cted encroachments as further site visits are conducted and aerial photos are analyzed. 2/5/2013 1 Memorandum To: Pam Brandmeyer, Asst. Town Manager CC: From: Laurie Asmussen, Donovan Pavilion Management, Inc. Date: 1/31/2013 Re: Grand View at Lionshead Marketing Plan Timeline I am writing in reference to questions addressed by the Town Council regarding a marketing plan for the Grand View at Lionshead meeting space. When the building was completed in May, 2012 and our organization submitted a proposal to manage it, the attached marketing plan was included in the proposal. We were denied funds for marketing the facility at that time, instead directed to sell the facility “word of mouth” and through community use. In the RFP process in October/November 2012, we again included the attached plan in our proposal to the Town identifying potential user groups of the Grand View space. Per our conversation with the RFP interview committee regarding establishing a marketing budget, we have been working on the following projects: • Cost of design and production on a sales brochure that will be used in both the existing sales packet at the Donovan Pavilion and as a stand-alone brochure to be distributed throughout the community. • Cost of photos to be included in the sales brochure with layout options for potential users. • Cost of design and content in a Grand View website that will link to the Town and Donovan Pavilion websites. We feel we can have all items printed and in hand within two weeks, within the existing budget. It is our intention to follow the attached marketing plan and target the user groups outlined. If we need to edit the plan in any way, please let us know. Thank you and we will continue to update you on the progress of the implementation of the plan. 2/5/2013 2 MARKETING PLAN The Donovan Pavilion team will provide professional operational, event management, sales/ marketing/PR for The Grand View as contractors for the Town of Vail. The primary, but not exclusive, focus encompasses: • Manage the operation of The Grand View as a very upscale, yet comfortable, venue • Selling The Grand View as a multi-use facility for Vail Residents, Eagle County residents and visitors/guests to the area • Promoting The Grand View as the perfect space for an intimate gathering • Promoting The Grand View as an enticement sales tool for Hotel sales • Managers as an off-property function space centrally located with fantastic views of Vail Mountain • Promoting The Grand View for a wide variety of events such as: Corporate social gatherings Business Training sessions Rehearsal dinners Club meetings Theme parties Memorial services Small Corporate breakout sessions/meetings Religious gatherings Non-profit gatherings • Maintain open communication between the Town of Vail staff for direction regarding keeping The Grand View operating as a for-profit venture Mission Statement The Grand View shall serve as a multi-use community gathering place, attracting a variety of uses including meetings, seminars, private and public social gatherings, and special government meetings. Goals & Objectives • Establish awareness of The Grand View as an alternative gathering place for leisure and corporate groups visiting the Vail Valley. • Establish attractive rates for the renting of the facility in order to entice usage. • Focus on seasonal group rentals to establish base clientele working toward year-round use. • Manage the facility in a professional manner including: • Focus on superior customer service • Established procedures for management and facility clients 2/5/2013 3 • Accurate record-keeping of all event activity in the Pavilion • Maintenance of a clean and safe environment for guests • Timely reporting to Town of Vail on facility usage and management issues • Utilize research to adjust operational plan according to economic climate of the Vail Valley and surrounding areas. Segment Strategy The Grand View is Vail’s newest gathering place, adding to the Town of Vail’s inventory of additional community amenities. In a resort community where corporate and leisure groups are consistently seeking new venues for their functions, The Grand View offers a unique alternative. Our strategy for targeting clients for this new amenity is to turn to our relationships within our industry located in Vail and the surrounding areas. Examples of our industry partners include: Wedding Planners Tourism professionals Non-profit professionals and managers Hotel General Managers and sales managers Destination management company sales managers Vail Resorts, Inc. sales managers Denver Convention & Visitors Bureau Existing Donovan Pavilion clients By meeting with the above individuals and working alongside them, we will increase our sales force in the marketplace. Initial Action Plan -Establish The Grand View brand identity and logo -Develop collateral material including facility brochure, rate card, floor plan specification sheet, letterhead, business cards, web site design and implementation -Determine product positioning statement and identify target audiences -Develop, implement and monitor a targeted advertising campaign -Introduce The Grand View to existing Donovan Pavilion clients through referrals for specific or possible usage dates -Create, implement and monitor a strategic public relations plan 2/5/2013 4 -Host Open Houses to continue to raise awareness of the facility in-town and invite hotel sales teams within the Vail area to tour the facility. Create an on-going effort to ensure as many people see the new space as possible Marketing Plan initial anticipated cost: $3,000 2/5/2013 20 0 1 2 0 0 3 2 0 0 5 20 1 1 Ja n u a r y 2 , 8 5 3 , 5 3 4 2 , 4 6 6 0 . 0 9 % Fe b r u a r y 2 , 9 9 2 , 6 0 9 2 , 1 9 0 0 . 0 7 % Ma r c h 3 , 1 8 3 , 8 8 4 2 , 8 2 9 0 . 0 9 % Ap r i l 1 , 1 8 1 , 1 1 9 1 , 7 0 7 0 . 1 4 % Ma y 4 8 5 , 5 0 4 1 , 4 3 1 0 . 2 9 % Ju n e 9 5 9 , 7 7 5 3 , 0 8 1 0 . 3 2 % Ju l y 1 , 2 7 2 , 7 8 1 3 0 0 , 4 5 1 2 3 . 6 1 % Au g u s t 1 , 1 5 9 , 5 6 9 2 1 9 , 2 5 6 1 8 . 9 1 % Se p t e m b e r 7 9 6 , 4 3 6 1 8 0 , 5 2 5 2 2 . 6 7 % Oc t o b e r 6 0 4 , 7 4 4 3 8 , 4 8 7 6 . 3 6 % No v e m b e r 6 9 2 , 6 8 4 1 3 9 , 1 8 0 2 0 . 0 9 % De c e m b e r 2 , 7 1 7 , 3 6 1 2 2 4 , 0 4 7 8 . 2 5 % TO T A L 1 8 , 9 0 0 , 0 0 0 1 , 1 1 5 , 6 5 0 5 . 9 0 % Tu e s d a y , J a n u a r y 2 9 , 2 0 1 3 Page 1 of 1 1, 9 3 3 , 9 4 0 2 , 1 3 9 , 4 1 7 2 , 1 7 1 , 0 9 8 2 , 3 6 2 , 0 9 5 2 , 5 4 9 , 0 3 2 2 , 7 7 1 , 2 5 8 -7.64% 2, 8 2 1 , 8 7 1 2 , 6 5 2 , 6 2 8 2 , 5 5 3 , 9 7 4 2 , 9 6 3 , 7 6 3 3 , 1 8 4 , 6 4 5 2 , 9 4 1 , 4 0 8 15 , 4 1 1 , 0 4 4 1 5 , 1 0 6 , 8 0 1 1 4 , 5 7 8 , 9 8 3 1 5 , 4 6 6 , 9 7 9 1 6 , 4 8 3 , 9 7 9 1 7 , 8 4 1 , 6 8 0 2.22% 18 , 9 1 3 , 1 3 8 1 9 , 6 3 1 , 3 6 6 1 6 , 9 1 3 , 3 3 8 1 7 , 6 7 6 , 1 1 5 1 9 , 5 8 1 , 4 1 5 2 0 , 0 1 5 , 6 5 0 59 4 , 3 6 2 6 2 3 , 4 2 0 6 4 3 , 2 3 1 3 . 1 8 % 57 1 , 7 8 3 6 4 2 , 2 9 3 5 9 1 , 2 6 9 6 2 3 , 6 4 6 7 1 3 , 1 1 7 7 9 9 , 5 8 2 5.51% 74 7 , 8 7 7 7 1 9 , 1 0 9 6 5 1 , 8 7 3 7 0 1 , 0 7 5 7 8 8 , 4 3 0 8 3 1 , 8 6 4 48 6 , 5 7 0 4 8 4 , 4 2 5 5 0 8 , 0 9 2 5 3 2 , 5 3 7 5 6 6 , 1 7 3 5.22% 74 7 , 7 6 6 7 1 3 , 5 7 4 6 7 9 , 2 0 8 7 5 7 , 0 3 3 7 9 5 , 8 0 7 8 3 2 , 5 4 9 9.78% 90 8 , 3 1 8 8 3 4 , 5 6 9 7 5 3 , 7 5 4 7 6 1 , 4 2 5 8 8 9 , 9 4 5 9 7 6 , 9 6 1 1, 1 2 4 , 2 7 5 1 , 0 8 4 , 3 1 8 1 , 0 2 9 , 4 4 6 87 3 , 7 6 5 8 9 5 , 9 5 1 9 6 2 , 8 5 6 61 4 , 3 9 6 6 8 8 , 5 1 9 6 6 2 , 7 6 7 5 8 1 , 0 3 3 1, 1 4 7 , 3 5 2 1 , 3 1 0 , 4 7 1 1 , 3 7 8 , 8 2 5 95 3 , 0 1 7 9 1 8 , 0 6 1 7 1 7 , 2 3 3 99 4 , 4 4 5 9 9 3 , 9 8 5 1 , 0 5 5 , 6 1 4 1 , 1 6 2 , 7 4 6 1 , 3 4 9 , 7 9 5 1 , 0 6 8 , 3 9 1 99 2 , 1 5 7 9 1 5 , 5 5 4 1 , 2 8 0 , 3 2 4 1 , 3 3 0 , 7 4 0 7.47% 1, 1 5 7 , 8 6 7 1 , 0 4 4 , 9 6 6 1 , 0 7 5 , 5 3 2 1 , 1 2 8 , 5 1 4 1 , 1 6 6 , 1 8 3 1 , 2 5 5 , 2 4 3 6.20% 1, 2 6 5 , 7 8 1 1 , 3 9 7 , 8 4 2 1 , 1 2 1 , 8 6 0 1 , 2 2 8 , 7 6 7 1 , 4 8 1 , 3 2 9 1 , 5 7 3 , 2 3 2 75 1 , 4 3 9 6 5 7 , 7 0 7 7 4 2 , 7 5 5 7 3 2 , 1 1 3 8 3 4 , 9 1 3 8 0 5 , 3 6 2 44 8 , 2 3 4 4 1 4 , 2 4 8 4 2 8 , 9 1 9 4 1 1 , 5 9 5 4 5 8 , 7 7 0 4 4 9 , 2 8 3 2.88% 54 5 , 8 7 4 6 2 2 , 1 0 3 5 1 6 , 1 5 0 4 2 1 , 9 2 5 4 7 3 , 2 9 2 4 8 6 , 9 3 5 1, 0 9 8 , 9 1 8 1 , 2 3 5 , 9 4 1 2, 9 9 4 , 7 9 9 6 . 8 4 % 2, 5 6 8 , 8 7 1 2 , 6 9 9 , 6 6 4 2 , 3 7 2 , 9 4 2 2 , 3 4 4 , 1 7 8 2 , 7 8 5 , 1 0 1 2 , 8 5 2 , 9 5 4 1.38% 2, 9 8 6 , 4 4 6 3 , 3 2 7 , 3 0 4 2 , 5 0 4 , 5 6 7 2 , 6 8 5 , 0 0 4 3 , 1 4 3 , 4 1 8 3 , 1 8 6 , 7 1 3 1, 1 5 6 , 9 3 4 1 , 1 9 1 , 6 9 0 1 , 1 8 2 , 8 2 6 - 0 . 7 4 % 1, 0 4 3 , 4 3 1 8 7 0 , 8 7 5 8 7 1 , 4 6 8 2.16% 2, 3 6 6 , 3 2 1 2 , 2 8 1 , 8 3 3 2 , 1 1 1 , 1 6 3 2 , 3 6 2 , 8 2 5 2 , 4 2 9 , 3 7 7 2 , 5 2 7 , 1 3 0 2 , 7 1 8 , 6 4 3 3 , 0 7 1 , 6 1 5 2 , 5 8 8 , 8 8 9 2, 7 8 3 , 3 0 6 2 , 9 7 6 , 6 5 5 2 , 6 1 9 , 6 7 3 2 , 5 6 4 , 3 8 3 2 , 7 9 5 , 6 8 8 2 , 8 5 6 , 0 0 0 2, 2 1 0 , 5 4 7 2 , 0 7 3 , 4 8 1 1 , 9 9 7 , 0 9 1 2 , 2 2 5 , 8 4 1 2 , 2 7 5 , 9 6 7 2 , 5 9 7 , 9 8 5 2, 5 7 7 , 3 6 0 2 , 8 0 3 , 1 3 6 % Change Budget Sa l e s T a x W o r k s h e e t Fr o m : 11 / 1 / 2 0 1 2 To : 12 / 3 1 / 2 0 1 2 Co l l e c t i o n s % C h a n g e from 2011 Mo n t h 2 0 0 2 2 0 0 4 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2 0 1 2 Budget VarianceBudget 2/5/2013 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 5, 2013 ITEM/TOPIC: Matters from Mayor and Council: 1) Appointment of 2 members of Council to ECO advisory board - currently Kevin Foley and Margaret Rogers are on committee; 2) Committee Updates 2/5/2013 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 5, 2013 ITEM/TOPIC: Executive Session, pursuant to: 1) C.R.S. §24-6-402(4)(b)(e) - to receive legal advice on specific legal questions; and to determine positions, develop a strategy and instruct negotiators, regarding: update on pending litigation; 2) C.R.S. §24-6-402(4)(f) ) - to discuss personnel matters. PRESENTER(S): Matt Mire 2/5/2013