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HomeMy WebLinkAbout2014-07-15 Agenda and Support Documentation Town Council Work SessionVAIL TOWN COUNCIL WORK SESSION AGENDA TOWN OF 4A10 VAIL TOWN COUNCIL CHAMBERS 75 S. Frontage Road W. Vail, CO 81657 8:00 A.M., JULY 15, 2014 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: Competitive Assessment Retreat - Grand View Room (240 min.) PRESENTER(S): From RRC - Chris Cares, Nate Fristoe, David Becher ACTION REQUESTED OF COUNCIL: Listen to the presentation, participate in the discussion of findings and identify next steps. Agenda is as follows: *Overview of Methodology and Objectives for the Meeting (15 minutes) *Strengths and Weaknesses (15 Minutes) *Review of Significant Themes and Trends that Ground Understanding of the Competitive Environment (75 minutes) *Competitive Report Card (60 minutes) *Summary of Conclusions /Takeaways (15 minutes) *Threats and Opportunities (20 minutes) *Discussion of Findings (30 minutes) *Next Steps (10 minutes) BACKGROUND: The Town Council identified in the Council Action Plan 2014- 2016 a need for a competitive assessment in order to remain the premier international mountain resort community. Council contracted with RRC to begin the process by gathering information in a comprehensive and carefully presented way in order to ground discussions of Vail's competitive future. 2. ITEM /TOPIC: Break (from 12 p.m. until 1 p.m.) 3. ITEM /TOPIC: Town Council will convene as the Vail Local Marketing District at 1 p.m. in the Vail Town Council Chambers. At 1:20 p.m., Town Council will commence the regular work session in the Town Council Chambers. 4. ITEM /TOPIC: DRB /PEC Update begins 1:20 p.m. (10 min. ) PRESENTER(S): Warren Campbell 5. ITEM /TOPIC: 1 -70 Vail Underpass Update (15 minutes) PRESENTER(S): Tom Kassmel 7/15/2014 ACTION REQUESTED OF COUNCIL: No Action Requested BACKGROUND: The 1 -70 Vail Underpass is a proposed new multimodal pedestrian and vehicular connection that is midway between Main Vail and West Vail exits, passing under 1 -70. This underpass has been identified in the Vail Transportation Master Plan (VTMP) and the CDOT 1 -70 Programmatic Environmental Impact Statement (PEIS) as a critical link between the North and South Frontage Road. The Town and CDOT have recently entered into a Letter of Commitment and an Inter - Governmental Agreement (IGA) to jointly fund the design and construction of this project with an expected completion date of December of 2017. CDOT, the Town of Vail, and the selected design consultant, Felsburg, Holt & Ullevig (FHU), have begun the preliminary design process based on the recently endorsed preferred location of the underpass. The purpose of this update is to provide the Council with an update of the preliminary design progress. STAFF RECOMMENDATION: This is a status update with no recommendation required at this time. 6. ITEM /TOPIC: Rental Licensing Program Council Discussion (30 min.) PRESENTER(S): Dale Bugby BACKGROUND: Review and discussion of proposed ordinance enacting licensing requirements for vacation rentals of residential property for less than 30 days 7. ITEM /TOPIC: Information Update: 1) Quarterly Report Capital Projects & Programs; 2) VEAC 070814 Meeting Minutes; 3) CSE 070214 DRAFT Meeting Minutes; 4) Economic Indicators Winter 2013/14 (5 min.) 8. ITEM /TOPIC: Matters from the Mayor, Council and Committee Reports (15 min.) 9. ITEM /TOPIC: Executive Session, pursuant to: C.R.S. §24- 6- 402(4)(a)(b)(e) - to discuss the purchase, acquisition, lease, transfer, or sale of property interests; to receive legal advice on specific legal questions; and to determine positions, develop a strategy and instruct negotiators, Regarding: Potential use of Town owned property, VVMC Master Plan and Timber Ridge. (75 min. ) PRESENTER(S): Matt Mire 10. ITEM /TOPIC: Adjournment (4:05 p.m.) NOTE: UPCOMING MEETING TOPICS AND ESTIMATED TIMEFRAMES BELOW (ALL ARE APPROXIMATE DATES AND TIMES AND SUBJECT TO CHANGE) THE NEXT REGULAR VAIL TOWN COUNCIL MEETING WORK SESSION WILL BEGIN AT APPROXIMATELY 12:30 P.M. (or TBD), TUESDAY, AUGUST 5, 2014 IN THE VAIL TOWN COUNCIL CHAMBERS FUTURE AGENDA ITEMS: Ongoing agenda items DRB /PEC updates WS - 15?flM ?olAformation Updates Attachments: WS - 15 min.; Executive Session items: 30 min.; Consent Agenda: 5 min.; Town Manager Report: 5 min. Other agenda items: Half Day Retreat Define Balanced Community - WS - 8/5 Discussion on Economic Diversity w/ Stakeholders - WS - 8/19 Discussion of Parking & Transportation - WS - 9/2 VVMC Master Plan Discussion - WS - 9/16 Discussion of Five Year Capital & RETT Plans - WS - 9/16 Half Day Retreat w/ VLHA - WS - 10/7 Discussion on Town Manager's Budget (Final Draft) - WS - 10/7 Discussion on Adoption of Strategic Competitiveness Plan - WS - 10/21 Quarterly Status Report on Capital Projects & Programs (Info Update) - WS -10/21 First Reading of Ordinance Budget Adoption - ES - 10/21 Discussion on Aspen Report & Follow up - WS - 11 /4 Second Reading of Ordinance Budget Adoption - ES - 11/4 Discussion on Technology - WS - 11/4 Meet with Avon Town Council - TBD Investment Policy Update ES - TBD 1 -70 Vail Underpass Traffic Analysis Update - ES - TBD Clean Up Title 12 Ordinance - TBD Plastic bags - TBD Village Information Center - Greg - TBD Fee Schedule changes - George - TBD Housing Strategic Plan - George - TBD 2015 WAC updates (construction restrictions, legacy program) - WS - TBD Sister City discussion - TBD Discussion of future of RSES - TBD Streaming PEC & DRB - TBD VLMD Term limits - TBD Walking Mountains zero waste program presentation - TBD 7/15/2014 rnwH of vn' �Ii> VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: July 15, 2014 ITEM /TOPIC: Competitive Assessment Retreat - Grand View Room PRESENTER(S): From RRC - Chris Cares, Nate Fristoe, David Becher ACTION REQUESTED OF COUNCIL: Listen to the presentation, participate in the discussion of findings and identify next steps. Agenda is as follows: *Overview of Methodology and Objectives for the Meeting (15 minutes) *Strengths and Weaknesses (15 Minutes) *Review of Significant Themes and Trends that Ground Understanding of the Competitive Environment (75 minutes) *Competitive Report Card (60 minutes) *Summary of Conclusions /Takeaways (15 minutes) *Threats and Opportunities (20 minutes) *Discussion of Findings (30 minutes) *Next Steps (10 minutes) BACKGROUND: The Town Council identified in the Council Action Plan 2014 -2016 a need for a competitive assessment in order to remain the premier international mountain resort community. Council contracted with RRC to begin the process by gathering information in a comprehensive and carefully presented way in order to ground discussions of Vail's competitive future. ATTACHMENTS: Retreat Agenda Overview Presentation Report Findings Appendix 7/15/2014 Agenda Town Council Retreat Presentation and Facilitation by RRC Associates July 15, 2014 8:00 a.m. —12:00 p.m. Grand View Introduction — Stan and Kelli 10 minutes Overview of RRC's Methodology and Objectives for the Meeting — Chris Cares 20 minutes Describe and Confirm Objectives for RRC's Participation in the Retreat Briefly summarize materials in packet Overview Report Technical Appendices Review the findings from Competitive SWOT analysis — Strengths and Weaknesses (Opportunities and Threats will be reviewed at the conclusion of the meeting. Review of Significant Themes or Trends that Ground our Understanding of the Competitive Environment — Nate Fristoe 75 minutes A Brief Industry Overview — Winter and Summer Generational Differences Growing Diversity in the U.S. and Profiles of Snowsports Participants Income Inequality and the Aging of Wealth Climate Change Gender Differences in Participation — Skiing and Snowboarding Climate Change The Rising Importance of Summer The Competitive Report Card — David Becher 75 minutes Competitive visitation numbers Summary of selected SKI Magazine Resort Ratings Results Lodging Sales tax - Town of Vail Sales tax — Vail vs. competitive set Employment and establishments Real estate Air transportation Highway traffic 7/15/2014 Detailed summaries of competitive results on a series of measures Summary of Conclusions /Takeaways from the competitive exercise Review of Additional Findings from the SWOT analysis — Threats and Opportunities — Chris Cares 20 minutes Discussion of Findings — Chris Cares facilitating with participation by Council, Staff and the RRC team 40 minutes Present Questions from RRC to organize this discussion Conclude with identification of Next Steps and Gaps in Information as identified by Council 7/15/2014 An Overview of Presentation Materials for the Vail Council Retreat Prepared by RRC Associates -July 15, 2014 Introduction The attached reports summarize the results of a project undertaken by the Town of Vail (TOV) to understand the competitive positioning of Vail and to systematically document major trends and influences that are likely to impact Vail in the next 5 to 10 years. The idea is to develop a fact -based information source that can ground upcoming discussions about the future of Vail. By gathering information in a single set of documents that are systematically organized, it is intended that future discussions can be expedited and facilitated in a manner that draws on data and facts. RRC Associates has been primarily responsible for assembling available information. The charge to RRC was to gather and organize data and studies in a manner that would permit local officials, staff and the Vail public to initiate discussions about the long -term future of Vail. This study, and the attached report documenting findings, is intended to further that goal. The RRC Team for the Vail Town Council Retreat Nate Fristoe is RRC's Director of Operations. With a background in statistics, psychology, and experimental design, Nate brings a unique and valuable perspective to RRC. He has extensive experience in the creation and analysis of mountain resort - related research, resort real estate feasibility studies, general marketing research programs, and the analysis of hotel performance metrics. Examples of projects include the long -range projective modeling of skier /snowboarder visits in the United States and Canada and the corresponding development of "The Model for Growth," evaluation of resort pricing models, web -based longitudinal tracking studies, regional resort market share analyses, and regular speaking engagements at national and regional tourism meetings across North America. In addition, Nate has authored many articles documenting significant trends in snow sports participation and the future economic health of mountain recreation. David Becher is the Director of Research at RRC. He has diverse experience managing and conducting many types of market research and planning projects for public and private sector clients in his more than two decades at RRC. He helps to author a number of the annual studies that RRC conducts for NSAA and Colorado Ski Country USA. In addition, he was project manager for RRC's work with the Town of Vail on a two -year study of events. With an educational background in urban and regional planning, public administration, and business administration, David works extensively in the areas of survey research, economic and demographic research, community planning, and affordable housing. 7/15/2014 Chris Cares is Managing Director of RRC. He has a diverse background in public and private planning. A founding partner of RRC Associates, he specializes in practical applications of research techniques including survey and qualitative research, modeling and applied analysis to solve problems in city planning, administration, and business applications. Chris has been involved in Vail research projects since 1978 and has worked for both the Town and Vail Resorts in a variety of capacities. His most recent involvement has been with the 2014 Community Survey and the Vail Events research conducted in 2012 and 2013. Overview of Resort Contents The Vail Retreat will begin with a presentation by RRC. The initial discussion will be based on the attached Power Point presentation titled Vail Competitive Assessment. It consists of three major sections: An Overview of a SWOT Analysis of Vail's Competitive Position with Consideration of Key Trends Impacting the Resort Industry. The results of the SWOT are presented as a series of slides in the Power Point. A Presentation of Key Findings and Trends Impacting Vail and Resort /Mountain Communities. The second part of the report describes a number of Key Trends and Findings that are based on an extensive effort by RRC to gather information from a variety of sources in a single place. This discussion is intended to ground other chapters of the study with information that is felt to be important to the TOV as the community looks forward. Sources for this data are widespread, ranging from numerous studies by the National Ski Areas Association (NSAA) and Colorado Ski Country USA (CSCUSA), as well as various census and economic documents, and surveys conducted by RRC and others. A Competitive Analysis. Vail has traditionally identified a number of different mountain towns within North America as a "competitive set," that is, communities that offer a basis for comparison. The TOV requested that the consultant team prepare data that would systematically compare Vail to this set. It is recognized that this list of towns /resorts could be expanded to include more entities, both from within North America and from other regions such as Europe, South America and Asia, but for this initial effort the RRC team has worked primarily with the list of competitors historically identified by the TOV. This list includes: • Vail • Beaver Creek • Breckenridge • Aspen • Snowmass • Steamboat • Telluride • Mountain Village • Jackson Hole 7/15/2014 • Teton Village • Whistler • Tahoe (limited comparisons) Contents of the Vail Competitive Assessment Power Point Presentation • SWOT Analysis —Strengths and Weaknesses • Presentation of Key Findings and Trends A Brief Industry Overview — Winter and Summer Generational Differences Growing Diversity in the U.S. and Profiles of Snowsports Participants Income Inequality and the Aging of Wealth Gender Differences in Participation — Skiing and Snowboarding Climate Change The Rising Importance of Summer • The Competitive Report Card Visitation Trends Perceptions of Vail Lodging Sales tax - Town of Vail Sales tax — Vail vs. competitive set Employment and establishments Real estate Air transportation Highway traffic Summary of Conclusions /Takeaways from the competitive exercise • SWOT Analysis —Threats, Opportunities, Strengths and Weaknesses • Questions for the Vail Town Council Another report is provided in the packet titled Vail Competitive Assessment. It presents an overview of competing resorts through text and a series of tables that provide a "report card" on Vail's performance. Some of the material in the Power Point presentation is drawn from this report. However, this report is intended to provide more thorough documentation for some of the competitive measures that have been established through this analysis. The final document in the packet is a Power Point report titled Vail Competitive Assessment Appendix. This report provides an extensive set of Appendices that incorporate detailed information to support the findings from the study and to provide a data -based compendium for use by Vail staff and officials. 7/15/2014 Vail Competitive Assessment I�= 91 " 11 C VA 17-W fjJ5/2014 16 TOWN OF HAIL Chris Cares Nate Fristoe David Becher Office: (303) 449 -6558 rrcassociates. com 7/15/2014 Town of Vail 1 07/15/14 Objectives of RRC's participation at the Vail Council Retreat • To consolidate information in a single place to "ground" discussion on Vail 's future • To provide an objective fact -based overview of: o Resort industry trends and upcoming changes in the next 5 to 10 years o To provide a set of comparisons to allow Vail to measure against others • To initiate discussions by Council to identify missing or needed information and next steps for the Town. 7/15/2014 Town of Vail 1 07/15/14 3 VAIL Vail Town Council Action Plan rowN of VAIL Our Mission - Grow a vibrant, diverse economy and community, providing our citizens and guests with exceptional services and an abundance of recreational, cultural and educational opportunities. 7/15/2014 Town of Vail 1 07/15/14 0 l \�I� TOWN OF VAIL Vail Town Council Action Plan 0 7GOALi� �_ _.� ., %ono_. REA I GOAL - Grow a vibrant and diverse economy that keeps us at the forefront of our resort competitors for the long -term with continued opportunities for private and public investment and philanthropy. Town of Vail 1 07/15/14 5 VA Vail Town Council Action Plan TACTICS • Long -term strategic plan to enhance competitiveness of TOV • Economic diversity strategy • Air service expansion leadership • TOV endowment fund 7/15/2014 Town of Vail 1 07/15/14 31 TOWN OF VAIL SWOTAnalysis STRENGTHS • The Vail Brand • Vail Mountain and Back Bowls • New lodging properties and relatively high quality bed base • Signature events (Bravo, Mountain Games, etc.) and the overall program of events including the particular success of Farmers Market • Vail Valley Medical Center /Steadman Hawkins reputation and presence • Proximity to Denver and Front Range • Reputation on Front Range • The Epic Pass and the Vail Resorts brand and initiatives, and the Vail Resorts name and reach 7/15/2014 Town of Vail 1 07/15/14 7 VAIL SWOTAnalysis T RENGTHS • Vail Resorts capital improvements — winter and summer • The Community Survey indicates that Vail is in "good shape" and that there are no glaring deficiencies. High ratings of service delivery and positive comments about management and fiscal discipline • The economic strength of second homeowners, along with their geographic origins, give Vail broad reach in multiple regions. This is further expanded by Beaver Creek. • International Visibility (note that measuring international reputation would require testing) 7/15/2014 Town of Vail 1 07/15/14 g TOWN OF VAIL SWOTAnalysis WEAKNESSES • Perception of value and the actuality of relatively higher costs than most competing resorts. • Limited land for expansion and for major new facilities • Lack of developed space at the base of the mountain for events and concerts. (The limitations of Gold Peak have been identified. Long term, is there an opportunity to mitigate some of the physical limitations? • No true conference facility and limited improved concert and outdoor gathering spaces 7/15/2014 Town of Vail 1 07/15/14 g TOWN OF VAIL SWOTAnalysis WEAKNESSES • Workforce and affordable housing — vulnerability to down - valley competition and to increased costs of labor as overall economy improves • The parking experience, and issues of price, and supply at certain times • 1 -70 — both its presence bisecting the Town, and problems of access at peak times • The Vail brand may be a turnoff for some, especially the younger set requires testing to confirm or reject) • Vulnerability to climate change 7/15/2014 Town of Vail 1 07/15/14 10 VAIL A Brief Industry Overview 1 �j t� AM 7AJrQQjA TOWN OF VAIL " Town of Vail 1 07/15/14 11 US &Canada Skier /Snowboarder Visits 90.00 80.00 70.00 0 0 60.00 c 50.00 a �6 40.00 0 3 0 30.00 a 20.00 10.00 0.00 10 500 �o �� �� o° o° o° o° o° o° o° o° o° ti ti ti ti ti ti ti ti ti ti ti ti ti U.S. and Canadian Skier /Snowboarder Visits: 1996/97 to 2013/14 Season 7/15/2014 ti ti ti ti ti TOWN OF VAIL Town of Vail 1 07/15/14 12 Total Active US Snowsports Participants IP) N C 10 c m g 0 3 0 c L 6 d Y c!i V N d E 0 d 7 r+ U Q 2 15 oo �ry °,�� ►�� ,�� ,�g +�` Sa o ho �a �o ,tio ,�o �� �a �4 ,�� ,�o IO rya 7/1 fAOs 1 A Season TOWN OF � Town of Vail 1 07/15/14 13 VA Estimated Market Size for Downhill Snow Sports in US 3.2% of population 10,000,000 \ACTLI 6.3% of population 20,000,00ED 18% of population 56,800,0ocio- Economic Ma tch 315,200,000 7/15/2014 Total population TOWN OF VA Town of Vail 1 07/15/14 14 7/15/2014 Town of Vail 1 07/15/14 15 TOWN OF VAIL THE MODEL 1999/2000 Annual Growth in Trial =0.0% 7/15/2014 Beginner 10% J15%E Core 65% ]25% Revival 25% 85% 20% 75% 0% Lapsed Town of Vail 1 07/15/14 16 TOWN OF VAIL THE MODEL 2012/2013 Annual Growth in Trial = -3.3% 7/15/2014 Beginner 8% 17% Core 65% ]25% Revival 27% 83% 27% 75% -1.7% Lapsed Town of Vail 1 07/15/14 17 TOWN OF VAIL' Visitation Projections Visitation Projections from 2013/14 through 2029/30: Decline vs. Growth 80 70 -- - -r- • IM . • ® ®M" .. a.-* ter WIN 50 57.1 _S&Z 55.3 - -s4� 53 6 52.8 52.0 51.2 50.5 � 49.8 0 48 49..4 47.7 47.1 46.5 45.9 45.3 .7 1 40 � I 30 L �- --*---3% Decline in Trial 20 -<>-6% Growth in Trial/ 0.2% Improvement in Conversion 0— — 3�ti� ti\Io o\1V A\"V w\'V C oti oti oti oti oti oti oti oti oti oti oti oti oti oti oti oti oti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti 7/15/2014 Town of Vail 07/15/14 •3 TOWN OF VAIL Trial Goals Translated • On average we see about 1,000,000 first timers in any given season. • Based on a 6% growth in trial we would like to see an additional 60,000 first timers on the slopes. 7/15/2014 Town of Vail 1 07/15/14 19 TOWN OF VA Number of First Time Participants 1,1 1.2 1.3 1.2 1.1 1.2 1.1 1.3 ,&- 1.2 IN lb o a a o 1.3 1.2 1.2 1.2 1.0 1.8 2 0 1.6 1.4 1.2 a 1.0 __ 1.0 D.9 E O 0.8 E H 12 0.6 LL w O L Gi 0.4 E z --$—First timer 0.2 Linear First timer M 0.0 W NW N NW NW IV IV 1V IV IV e e V— ra0 rV rl�� rip 10 1p Season 7AJrQQjA TOWN OF VAIL " Town of Vail 1 07/15/14 20 Trends of Note r q&- *Significant generational differences in participation patterns *Slow growth in building diversity •Income inequality, the aging of wealth, and the affordability factor *Significant gender differences in participation levels *Impacts of climate change •The need to capitalize on summer 7/15/2014 Town of Vail 1 07/15/14 21 TOWN OF VAIL Generational Differences — 7/15/2014 TOWN OF Town of Vail 1 07/15/14 22 VAIL Generational Differences 3.5% 3.0% 2.5% 2.0% w 0 Y i Gl a 1.5% a 1.0% 0.5% Percent of Visits by Single Year of Age: 2012/13 vs. 2002/03 0.0% 4 8 12 16 20 24 28 32 36 40 44 48 52 56 60 64 68 72 76 80 Single Year of Age 7AJrQQjA TOWN OF VAIL Town of Vail 1 07/15/14 23 Generational Differences The Greatest Generation: 0 0 0 Born prior to 1928. Currently age 87 and over. 1.3% of population. 74c — Town of Vail 1 07/15/14 24 TOWN OF (VAIL Generational Differences The Silent Generation: 9 9 9 Born between 1928 and 1945. Currently age 69 to 86. 9% of population Town of Vail 1 07/15/14 -qqw 25 TOWN OF VAIL " Generational Differences The Baby Boomer: • Born between 1946 and 1964. • Currently age 50 to 68. • 23% of population. IYr 1 1 7/15/2Q °1. ., Town of Vail 07/15/14 ****gram ; AN i AQUARIAN EXPOSITION WHITE LAKE,N.Y, � r TOWNLF VAIL 26 Generational Differences Generation X: • Born between 1965 and 1980. • Currently age 34 to 49. • 21% of population. k Y 7/15/2014 Town of Vail 1 07/15/14 27 VA Generational Differences Millennials: • Born after 1980. • Currently age 33 and under. • 18 -33 year olds are 22% of population. 7/15/2014 Town of Vail 1 07/15/14 t 9.1 TOWN OF VAIL' Generational Differences What Makes Your Generation Unique? Millennial 1. Technology use (24%) 2. Music /Pop culture (11 %) 3. Liberal /tolerant (7 %) 4. Smarter (b %) 5. Clothes (5 %) Gen X Technology use (12 %) Work ethic (11 %) Conservative /Trad'l (7 %) Smarter (b %) Respectful (5 %) Boomer Work ethic (17 %) Respectful (14 %) Values /Morals (8 %) "Baby Boomers" (b %) Smarter (5 %) Silent WW 11, Depression (14 %) Smarter (13 %) Honest (12 %) Work ethic (10 %) Values /Morals (10%) Note: Based on respondents who said their generation was unique/ distinct. Items represent individual, open - ended responses. Top five responses are shown for each age group. Sample sizes for sub - groups are as follows: illennials, n =527; Gen X, n =173; Boomers, n =283; Silent, n =205. 7AJrQQjA TOWN OF VAIL " Town of Vail 1 07/15/14 29 Generational Differences Sri i PrjD J J !J Millenials Gen X Baby Boomer Silent Generation Percent Indicating Place Their Cell Phone On or Right Next to Their Bed When Sleeping 0% 10% 20% 30% 40% 50% 60% 70% 80% Percent Responding 90% TOWN OF VAIL Town of Vail 1 07/15/14 30 Percent of Adults Living Alone by Gender and Age: 1850 -2010 30% ........ ............. ..... .. .......... AGE 65 AND OLDER I 2 0. ....... ........... . ................... .....,......,..,...,.. .......... I ...... I ......... .......... 1 111..,,....- ,,.,.. -. 15 10 FEMALE MALE 1955; 1x"n 1450 r rr 19ro 190(-- 1950 2ry n 55 -64 aS -9n 25 -34 35 -44 18 -24 More adults live alone than at any point in human history. In Atlanta, Denver, Seattle, San Francisco and Minneapolis - 40 percent or more of all households contain a single occupant. Sources: Analysis by Susan Weber and Andrew Beveridge, Queens College, CUNY, from historical and current census data TOWN WN O F VA IL L 7/ 6/204,q� Town of Vail 1 07/15/14 31 Diminished Value of Ownership and the Rise of the Sharing Economy r tinder. lok i� w #WW on* Dog Tacay FC11a��� 0) 152014 TOWN OF VA Town of Vail 1 07/15/14 32 Total Active US Snowsports Participants -. 5,000 Gen Y (14 -32) Gen X (33 -48) 4,500 4,000 N f6 f11 3,500 0 s 3,000 2,500 ra CL a 2,000 a 0 1,500 a, E 7 1,000 z - 500 7 11rIOQI A Season TOWN OF VAIL " Town of Vail 1 07/15/14 33 Total Active US Snowsports Participants 2,198 1,329 518 BB2 (49 -58) — B B 1 (59 -68) Pre -boom (69 +) 1,260 1 151 2,500 2,000 a 0 s a L i6 CL v 1,000 2 Q 0 v s 5 500 z �q � � y �$ oa \,g �� ti ® °N � 7AJ rQQj A Season TOWN OF VA I L" Town of Vail 1 07/15/14 34 US Snowsports Participants by Cohort Percent of Total U.S. Participants by Cohort: 1996/97 to 2012/13 100% 90% 80% 70% 60% a 50% a 0 40% v 30% o 20% 10% 0% � ��o� o�� ��o� ti ° °° o� °y ti� °� ti� °� OR 1 del 0 0 'Al °o 00° � oK*Y ti�ti� ti�ti� o° o° o° oti oti oti ti ti ti �� ti ti ti ti ti ti ti ti ti ti ti ti ti 7/15/2014 Town of Vail 1 07/15/14 35 TOWN OF VAIL 66.8% 67.5% 69.1% — Percent Millenial to GenX –41– Percent Boom & Pre -Boom 0 77.3% 78.8%79.1% 77.3% 0 71.0% 72.8%74.0% 58.0% 60.3% 63.1% o 42.0% 39.7% 36.9% T4.2% 34.6% 33.2% 32.5% 30.9% 29.0% 27.2% in no/- 24.1%22.7% 21.2%20.9% 22.7% 100% 90% 80% 70% 60% a 50% a 0 40% v 30% o 20% 10% 0% � ��o� o�� ��o� ti ° °° o� °y ti� °� ti� °� OR 1 del 0 0 'Al °o 00° � oK*Y ti�ti� ti�ti� o° o° o° oti oti oti ti ti ti �� ti ti ti ti ti ti ti ti ti ti ti ti ti 7/15/2014 Town of Vail 1 07/15/14 35 TOWN OF VAIL US Snowsports Participants by Age Group 25% 20 15% 0 c v v a 10% 5% 0% Percent of Visits Accounted for by Age Group: 1996/97 to 2012/13 18 -24 25 -34 35 -44 45 -54 55 -64 65 and over 7/15/2014 1996/97 L 1997/98 ■ 1998/99 ■ 1999/00 ■ 2000/01 ■ 2001/02 ■ 2002/03 ■ 2003/04 2004/05 2005/06 ■ 2006/07 ■ 2007/08 ■ 2008/09 2009/10 2010/11 2011/12 2012/13 Town of Vail 1 07/15/14 36 TOWN OF VA O� �i� �i0 00 O, Off' O'� Off` Oy OHO 01 O`b O°) 'y0 'y,' tio\ ,ti\ ti\ ,y0 o ,y0 ,y0 ,y0 ,ti0 ,y0 ,y0 ,y0 ,y0 ,y0 LO ti ,LO ti 1,800,000 1,600,000 1,400,000 1,200,000 CL 1,000,000 c /L^ V F 0 800,000 N h 600,000 400,000 200,000 Town of Vail 1 07/15/14 37 r Old VA� Is Resort Product in Alignment with Millennial Needs? 7/15/2014 Town of Vail 1 07/15/14 38 kT . ..., OF VAIL 1 Growing Diversity f� 10-2040 Share of Population Growth Attxiioutable �J to People of Color by County Ce!untees with Projected Increases inWhisrsorPe IeofColor M All gvDMh.arrnhusahle So people of color 7s% to ss% so% W 75% - Caund" "ft � firt4me F. Z59G tp $074 In YYR9fldx +rid Pl4Rfe of cow Lm Wan 25% ' ojmr Gf" atan an the map arV PWes Whero dila 15 y,nWpl". .arcn wsda4r, CanvasrKyElct�r,iNN 6 and E3W. TO 0 F Y A L 7r.1 raae��l Town of Vail 1 07/15/14 39 Growing Diversity 70% 60% 50% v 40% c 0 Z c $ 30% v a 20% 10% 0% 4 Percent Non -White by Single Year of Age 8 12 16 20 24 28 32 36 40 44 48 52 56 60 64 68 72 Single Year of Age -71-1 6`944- Town of Vail 1 07/15/14 76 80 TOWN OF VAIL Growing Diversity 50% 45% 40% 35% v s 30% C Z 25% C C v 20% a 15% 10% 5% 0% Percent Non -White in 2012 Population vs. 2012/13 Skier /Snowboarder Population by Single Year of Age 4 8 12 16 7/15/2014 Town of Vail 1 07/15/14 20 24 28 32 36 40 44 48 52 56 60 64 68 72 76 8 Single Year of Age TOWN OF VAIL 41 Income Inequality and the Aging of Wealth 7/15/2014 Town of Vail 1 07/15/14 R 7 0.45 • 0 C High Income and Lower Wage Inequality High Income and Wage Inequality 5ndgeport,CT Naples, FL • • Gainesville,FL • College Stahon,TX Athens, GA Sebastian, FL • 0 Miami, FL • New York, NY Tuscal oosa,AL• • '• • ••• • Los Angeles, CA Missoula,MT • 0000 ••• IS • • • boulder,CO • • • • : ••• • :• • Durham, NC Rocky Mount, NC • • _� N ' • ••• • • �� • �� • • Austin,TX San Jose, G4 • % •• •� ' •� ' • ���• • • • Huntsville, AL •• • • • !c•R••-}-'•� • �• • • Oxnard,CA • • • 41-0 i ' i q a• •i i•• •••• sc• •! t • ' • • Cotumbus,IN • • to Warner Robins, GA St George, UT •• Sheboygan, WI • Ogden, UT 0 35 � 0 20 Low hicmne and Wage Inequality High Wage and Lower Income Inequality 030 iii:. ii 40 Wage Inequality TOWN OF VAIL 42 Income Inequality and the Aging of Wealth 25% o20% 15% 0 C CL 5% 0% Top 1% US Pre -Tax Income Share, 1913 -2012 C%1 CM if? M Ul) 4D W N. N. yM M M are a. cD� Sour; Piiketty and Baez, 2003 updated to 2012. Sarles gases on pre -tax cash market income includcN reallZed C.apilal <gairh5 Md eXC[Udjng g&Vetialrent B'BIISTM. 744rQQjA TOWN OF VAIL " Town of Vail 1 07/15/14 43 e 4\AAk i f 1 I C%1 CM if? M Ul) 4D W N. N. yM M M are a. cD� Sour; Piiketty and Baez, 2003 updated to 2012. Sarles gases on pre -tax cash market income includcN reallZed C.apilal <gairh5 Md eXC[Udjng g&Vetialrent B'BIISTM. 744rQQjA TOWN OF VAIL " Town of Vail 1 07/15/14 43 Income Inequality and the Aging of Wealth - I s ����1 �� 1 �, 1 s rr J J� r, �� — 20 -28 —29 -37 —38 -46 47 -55 —56 -64 —65 -73 —74 or older S1,250.000 S1,000:000 - b rev $75.0,000 c z 0 $500,000 c 4 GI K 5 2 50 , 0 0`0 so 1983 1 X13,9 199-- 1 4'9 =. 1 aQ4 2CIO 2004 2007 201 0 Source: http : / /www.urban.org /UploadedPDF/ 412766 - Lost - Generations - Wealth- Building- Among- Young- Americans.pdf TOWN OF Y ! L Town of Vail 1 07/15/14 44 Income Inequality and the Aging of Wealth �Al*j I d �' d -,-r IV UT�-r -H -1 Y A(D --' D�) M Generation YA Baby Boomers: silent Generation 74 or older +149% 29-37 -21% Source: http : / /www.urban.org /UploadedPDF/ 412766 - Lost - Generations - Wealth- Building- Among- Young - Americans.pdf 7/15/2014 TOWN OF VA ! L Town of Vail 1 07/15/14 45 Lack of Mobility by Geography 101 52.4-65.0 X8.9 - 52.4 X6.3 - 48.9 X4.7 - 463 X3.6 - 44.7 X2.2 - 43.6 X0.8 - 42.2 39.2-40.8 ► N37.4 - 39.2 026.0-37.4 Insufficient Data 7/1 rAOQI A TOWN OF VA I L"' Town of Vail 1 07/15/14 46 Visits by Income Percent of Visits Accounted for by Household Income Category: 2007/08 to 2012/13 35% 30% 30% 25% tw o 20% Q. v v 15% v L a 10% 5% 0% 2007/08 2008/09 2009/10 ■ 2010/11 2011/12 2012/13 31% 25% 25% I Under $50,000 7/15/2014 Town of Vail 1 07/15/14 24% J —18% III ii 19% $50,000 - $99,999 $100,000- $149,999 Household Income Category $150,00 or above TOWN OF VAlL� 47 Average Adult Ticket Price U.S. Average Adult lift Ticket Price (weekend): 2001/02 to 2013/14 $100.00 $93.33 $90.00 $s2.o7 $86.17 _ C $80.00 $76.89 $72.28 $73.11 $66.13 $68.90 3 $70.00 $61.99 $58.96 $60.00 $53.34 $55.11 .i a $48.49 Y $50.00 U $40.00 J $30.00 bb $20.00 Avg. Lift Ticket Price (weekend) Q $10.00 o� -0" owe 0.15e otke o��oo oo�o� o��100 IC5 oo�tio o� ,yo ,yo do ,yo ,yo do ,yo ,yo do tioti ,yoti ,yoti tioti 7/15/2014 TOWN OF VA ! L Town of Vail 1 07/15/14 48 Gender Differences in Participation 1; 417 T Town of Vail 1 07/15/14 49 Gender Differences in Participation 100% 90% 80% 70% 60% w ° 50% C a u v a 40% 30% 20% 10% Visits Accounted for by Gender and Single Year of Age: 2010/11 to 2012/13 Average 0% T - - 4 8 12 16 20 24 28 32 36 40 44 48 52 56 60 64 68 72 76 80 -7411 , Single Year of Age TOWN OF VA I L Town of Vail 1 07/15/14 50 Snowboarding 7/15/2014 • Share of visits from snowboarders dropped to 26.6% in 2013/14, down from 30.6% in 2010/11 • Decline seen in all regions and all size ski areas • Most pronounced drop in Pacific South (down 10 percentage points in 3 years) ((!I ' TOWN OF VAIL Town of Vail 1 07/15/14 51 Snowboarding 8.0 7.5 7.0 v 0 3 6.5 O C v 6.0 Y T ° 5.5 a 5.0 4.5 4.0 7.6 Average Days Skied or Snowboarded: 1996/97 to 2012/13 Average Days for Snowboarders .1 7.1 0 7 0 Average Days for Skiers 7.. 6.6 6.6 6.7 6.4 6.5 6.5 5.5 5.6 5.5 5.6 5.5 5.6 5.6 5.6 5.6 5.7 5.4 6. 6.1 6.1 6.1 6.1 5.9 i 5.7 5.5 5.4 5.5 5.5 5.5 �1 �� O� O° ON 01' O� Off` Oh OHO 01 O0 00 'y° 'y� 'y1' 'y15 °� °��` °��0' ° °` ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti 7/15/2014 Town of Vail 1 07/15/14 52 TOWN OF VAIL Gender Differences in Participation Gender Ratios for Ski Participants: 1996/97 to 2011/12 70% 60% 53% 53% 53% 53% 52% 52% 52% 51% 51% 51% 51% 50% 52% 52% 52% 51% s7— 50% 0 0 0 0 48% 48% 48% 49% 49% 49% 49% 50% 48% 48% 48% 49% Q 47/0 47/0 47/0 47/0 Male Female woo ° y � 3 !b, y ° 00 w� IC5 ° y 11 O� 00 �O O� 00 00 00 00 00 00 00 00 00 00 O,' O,' ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti 7/15/2014 Town of Vail 07/15/14 40 % a 0 30% v a — 20% 10% 40% TOWN OF VAIL' 53 Gender Differences in Participation Gender Ratios for Snowboarding Participants: 1996/97 to 2011/12 64% 63% 63% 63% 62% 62% 62% 62% 62% 61/ ° 61% 61% 62° 62/ 62% ° 65% 70% � 60% 50% 40% :a 4*— .. ° ° 37% 38 °� 38% 38% 38% 38% 39 °� 38% 39% 39% 38% 38% 36% 37/ 37/ ° 35/° 30% v a Male 20% Female - 10% 0% A �b C5 ° y "V 125 o� °� o Al °� w� °� ° o�yy � ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti 7/15/2014 TOWN OF VAIL Town of Vail 1 07/15/14 54 Climate Change W 7 1-1 r1OQ,� TOWN OF VA! L Town of Vail 1 07/15/14 55 Climate Change 5.0 4.0 ca 3.0 .0 0 .0 —1.0 1900 2000 2100 Year 7/1 rAOQI A TOWN OF VA I L"' Town of Vail 1 07/15/14 56 Climate Change PFI'DJE- (--;T.E'-D L;A,,\J IPI r \�1�r ���� r \�Ji`JJr�p jIjJ, \- 51jI1IUJI1J -r'E-�),)I?E'.R,, NJ2E, �lrl��(j- U 1-21 (10 Continental United States Change in 4.nnu31 He all 1.13)rTemperature ( °F)2050- 2074us 1950 -2005 (RCP8.5) -4 -2 0 2 4 n 8 10 12 14 16 18 20 22 24 ClimographlHistogram T +f „Be[tS Data Table Percentile Table Mlodel Info J Scenario, Time Period, Units download Summary Annual Mean Max Temperature for Continental United States (Mean Model) 30 -� 8s LL 54 scion -I n TOWN OF VAlL Town of Vail 1 07/15/14 57 Climate Change Jr- r- AM U"\ - afl g 1V-rHF ) U -jrJ -),IUD Change inA.nnllaI Mean Snow (in) 2050-2074vs 1950- 2005(RCPS.t -4 -3.2 -2.4 -1.1 -0.8 0 0.8 1.6 3.2 4 ClimographMistogram I Time Series I Data Table I Percentile Table I Model info I Scenario. Time Period. Units I Download Summay Annual Mean Snow for Continental United States (Mean Model) _ C 0,3 - ■� 11.2 -� JL _ 1950 19M 1979 1980 1950 2044 20111 2!120 2,034 2010 2050 2040 2470 20$0 2090 2100 I Historical , RCP4.5 , RCP8.5 d Value L_J Relative change Town of Vail 1 07/15/14 58 VAIL Climate Change IN -IVJPJ Jr\! j'1JA-;flIIAUjIjJ THTl DUG; 2,100, r� U! 92AD U Continental nit0,�, States C- OlOradO Change in .Annual Mean Max Temperature ('F)2050- 2074vs 1950- 2005(RCP8.5) -4 -2 0 2 4 6 8 10 12 14 16 18 20 22 24 ClimographlHistogram TimeBeries ❑ataTable Percentile Table Model Info Scenario,Tme Period, Units Download summary Annual Mean Max Temperature for Colorado (Mean Model) 7n ax LL fA c R2 P.� 1950 19W 1979 1980 1957 =777 2010 2020 2030 2040 2757 27° -7 2070 2089 2999 2100 Historical , RCP4 -5 , RCP8.5 (.j Value 0 Relative change r/r Town of Vail 1 07/15/14 59 TnwN nF va� Climate Change PFD JJ - (�Tlrl[) C, -IF IA H ,:) Id ��1�s �`� �J A) II' J UAL N D' V IrJr� U 1-2100', F, D! D2AD U Continental United States Colorado 3' Chance h-, = .r�r�ual [Joan Snow(im2050- 2074vs 1950 -2006 iRCP8.5) -4 3.2 -2.4 -1.6 -0.8 0 0.8 1.6 24 3.2 4 Climograph/Histogram Time Series Data Table f Percentile Table I Model Info Scenario, Time Period, Units Download Summary 1.4 .Annual Mean Snow for Colorado (Mean Model% 1 1r 0.8 4.8 1 H 19 &0 1970 4980 4990 20419 2010 2020 20a0 2944 2050 2050 2079 2080 2094 2190 Hlstvri —1 I HCP4 5 , RCP8.5 ('J value 0 Relative change 7/15/2014 Town of Vail 1 07/15/14 60 TOWN OF VAIL Climate Change UAL a1a]',-�a J j - jvJP ' ' r!J��� Annual Mean Max Temperature for Dallas, Texas (Mean lMlodel) Ba —� B2 BO 73 Te, 1550 1980 1970 1580 1950 2860 2010 2020 2030 2040 2050 2080 2070 20B0 2090 2100 Historical , RCP4.5 I RCP8.6 Q Value 0 Relative change Annual Pean Max Temperature for Denver, Colorado (Mean Model) 78 74 72 TO LL c °B 62 1950 19 ?.0 1970 19BO 1990 2:;00 20'0 2628 2830 2040 2050 26P0 2070 2080 2090 2100 Historical RCP4.5 , RCP8.5 Value f,] Relative change Annual Mean Pax Temperature for Eagle, Colorado (Mean Model) 62 00 58 5w. NO- 5 52 1954) 195D 195'0 1970 1980 1990 2000 2010 2020 2030 2040 2050 2080 2070 2080 2090 2100 . Histo-ricai; ®/411 G$A.5 . -.5 p Value C] Relative chanoe Town of Vail 1 07/15/14 61 TOWN OF VA� Climate Change 11V1U r- fl -D PF1DJ UT� JANUARY CLI14ATOLOGICAL TEMPERATURE (195D -99) 42N 4f.6N 4LN 40.5N 40N 39.SN 301E 98.151E 3 37 -5N 37H 38.5N NN --- I------ - - - - -- . - -. PROJECTED JANUARY CLIMAT ©LOGICAL TEMPERATURE 2050 4215 41 -5N s } 41N- - -r ---------------- ---------- - - --- - - - - -- ------- - - - - -- I 40 -$N - 40N - - - - - -- 97.5N 37N ----- - - -__. i 1W 38MOIF i69U 10811 M- ----------------- I ------ 164W 1095 I&V 1 Degrees Fahrenheit mom 1 Source: 2008, Climate Change in Colorado: A Synthesis to Support Water Resources Management and Adaptation TO OF Y A L 7l1 rQQ1�1 Town of Vail 1 07/15/14 62 Climate Change J�U I / �J r� ` r �, r r} r, rr i � —r-E) r� I r r� r l r1 �J ���J�J_ � I� r�� J� 1rI ��� —.:_.J � J ��1JI��J�-�J �J'�—;:J JULY CLIMATOLOGICAL TEMPERATURE (1950 -99) 42H 41.5111 41H 40 -ON 40H 39,5H 39H 39,5H 38H 37.511 97H 39,5H 36H1 PROJECTED JULY CLIMATOLOGICAL TEMPERATURE 2050 42R 41.6N 41H 40,511 4011 30.5M 39111 38-5x leH 37,6H 07H 3a.5H 36H 1'. 11 Degrees Fahreal eit 54 H N 61 U 04 6Q 0 n 78 74 76 TO w as Source: 2008, Climate Change in Colorado: A Synthesis to Support Water Resources Management and Adaptation TOWN OF Y ! L 7/15 Q@ 4 4 Town of Vail 1 07/15/14 63 F I 1611 111399 1 -OAT 16737 Indw 1067 1,04* 169V 1n�i 1017 PROJECTED JULY CLIMATOLOGICAL TEMPERATURE 2050 42R 41.6N 41H 40,511 4011 30.5M 39111 38-5x leH 37,6H 07H 3a.5H 36H 1'. 11 Degrees Fahreal eit 54 H N 61 U 04 6Q 0 n 78 74 76 TO w as Source: 2008, Climate Change in Colorado: A Synthesis to Support Water Resources Management and Adaptation TOWN OF Y ! L 7/15 Q@ 4 4 Town of Vail 1 07/15/14 63 Climate Change PFD DJ, r,I -'-D �'J- J���`1 E IfI �.' ! J �r�J J �J V� r- F� -El) r \11)JJ`J fl tJ'Jr'r� �'1< Krfirdffai 3507 3000 2500 2000 dv dv 1500 1000 500 12000 10000 5000 0 6000 c� 4000 2000 0 10 20Pb 30% 401f, 50% 60 70% 80% 90°x; I W'i '?o of 1950 -1999 mean Source: 2008, Climate Change in Colorado: A Synthesis to Support Water Resources Management and Adaptation TOWN OF VAIL Town of Vail 1 07/15/14 64 Rising Importance of Summer 7/1 rAOrlI A TOWN OF VA I L"' Town of Vail 1 07/15/14 65 r. Al 1p F M. Who we are... TOWN OF VA Town of Vail 1 07/15/14 67 What we sometimes emulate... 7/15/2014 Town of Vail 1 07/15/14 68 TOWN OF VAIL Industry Core Strengths. Are we building on them? Winter Summer *Unique Product /Location •High Barriers to Entry � *scalable Operations *Dedicated Customer Base � 7/15/2014 TOWN OF VA ! L Town of Vail 1 07/15/14 69 What happens when we lose our edge with regards to unique product and high barriers to entry? ■ Y 1 Ar And what if our customer base isn't as dedicated or engaged with the product offerings we can successfully monetize? 7/15/2014 Town of Vail 1 07/15/14 •� e'p .� ar Rising Importance of Summer 180,000,000 160,000,000 140,000,000 120,000,000 v a 100,000,000 O 80,000,000 E Z 60,000,000 40,000,000 20,000,000 0 Size of Potential Summer Travel Markets 72% 5.5 1 Number of U.S. Adults Percent of Overall in Category U.S. Adult Population 53,860,114 118,163,52 VEi[± 5% 9,7 , 9 1 12% 25,925,6Z 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Potential Overnight Non - Mountain Travelers Mountain Travlers, with Ski Mountain Travelers, Summer Traveler (Over 18, Resort Exposure Exclusively Non -Ski non - incarcerated, and living above the poverty line) 0 � 7�1 �1 ^ Traveler Categories TOWN OF VA ! L , Town of Vail 1 07/15/14 72 Rising Importance of Summer §0A1 7/15/2014 L� Town of Vail 1 07/15/14 73 TOWN VA Rising Importance of Summer Average Rating of Amenity's Financial Success Alpine Slide L 9.1 Water Park 8.8 Mountain Coaster 8.7 Zip - line / Canopy Tour 7.4 Ropes /Challenge Course 7.2 Weddings /Meetings /Fa.., 7.0 Bungee 7.0 Scenic Lift Rides 6.3 Climbing Wall 6.2 Adventure Races 6.2 Mini Golf 6.0 Festivals /Concerts 5.9 Downhill Mountain Biking 5.5 Golf 5.3 Hiking 5.0 Mountain Biking (XC) 4.5 ■ Average Disc Golf 4.3 Definite winners and losers Geocaching 4.2 1 2 3 4 5 6 7 8 9 10 Average Rating (1 = "Not at All Successful " /10= "Extremely Successful' TOWN OF VA ! L 7/15/2014 Town of Vail 1 07/15/14 74 Rising Importance of Summer Most Important Reason for Trip to Ski Area Enjoyment of the scenic beauty of the mountain /area Rest and relaxation Enjoyment of the ski area resort /town Visit friends /relatives Climate /weather Mountain getaway General sightseeing /touring Noncompetitive recreational activity Group arrangement /family reunion Combined business /pleasure National /state park Hadn't been to the area before, wanted to see it Business /professional Special event Previous experience /annual vacation Other Competitive sporting event participant Special package /offer /price /discount Seasonal residence Convention /conference /trade show Wedding /honeymoon /anniversary Recommend by friend, family, word of mouth Source: NSAA Summer Traveler Survey, RRC Associates. 7/15/2014 0% 5910 10% 15% Percent Responding 20% 25% 6 TOWN OF VAIL Town of Vail 1 07/15/14 75 Percent Responding I�- -_ -_ -_ _- _ 0% 5910 10% 15% Percent Responding 20% 25% 6 TOWN OF VAIL Town of Vail 1 07/15/14 75 Population Projections 9,000,000 8,000,000 7,000,000 d ^' 6,000,000 N C O m 5,000,000 3 Q. O a 4,000,000 v 3,000,000 Ln w 2,000,000 1,000,000 0 Colorado Population Projections, 2014 -2040 ti� ti`' ti° ti` tiw ti° yo ti ti , ti tih ti ti1 ti ti , 3 3ti 3� , 5,1 3° ,," ,,w �° ,yo ,yo ,yo ,yo ,yo ,yo �o ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo do ,yo ,yo ,yo ,yo ,yo ,yo ,yo Source: CO State Demographer; RRC Associates. 7/15/2014 Year Town of Vail 1 07/15/14 76 TOWN OF VA Population Projections Population Projections by County, 2014-2040 10,000 0 1 1 15�� 1� "I 1�110 �` 1�1'1 1� "I �& 15�1 .LO ,ti �� �` ,LO 16�5'1 10ti 1p,cl Source: CO State Demographer; RRC Associates. Year J A TOWN OF VAIL 711 r1')Q " Town of Vail 1 07/15/14 77 100,000 10-yr increase: 15,282 (22%) —o--Eagle 90,000 - — —o—Pitkin 80,000 —0--Su Mmit --yr Flo increase: 14,360 (26%) 70,000 .t! 0 4� 60,000 CL 5 79 10-yr increase: 0 0. 50,000 " I F10-yr increase: 3,924 (2E716) . , , -1- 11— M 40,000 10-yCincrease: 7,017 (2 0 EM LA LU 30,000 2* �10 -yr increase: 20,000 7 10,000 0 1 1 15�� 1� "I 1�110 �` 1�1'1 1� "I �& 15�1 .LO ,ti �� �` ,LO 16�5'1 10ti 1p,cl Source: CO State Demographer; RRC Associates. Year J A TOWN OF VAIL 711 r1')Q " Town of Vail 1 07/15/14 77 7/15/2014 TOWN OF VA ! L Town of Vail 1 07/15/14 78 Vail Visitation 7/15/2014 Town of Vail 1 07/15/14 79 TOWN OF VA 5 -Year Averages of Monthly Front Range Visitors to Vail s of Monthly Front Range Visitors at Vail, 2009/10 - 2013/14 80,000 70,000 0 60,000 v ao c M 50,000 0 LL 4- 0 40,000 E z t 30,000 c 0 a v ca 20,000 a, 10,000 t7 15,428 October - November December January February March April 7/15/2014 Town of Vail 1 07/15/14 M TOWN OF VAIL 5 -Year Avera es of Monthly Market Share Front Range VI0 fli .�lWy t� Monthly Market Share of Front Range Visitors at Vail, 14% 12% L 10% G! bA C f6 c p ++ 8% C L LL 4- O CU 6% s V) s C 5 4% CU oa �a L CU a' 2°% 0% 5.8% October - November December 7/15/2014 Town of Vail 1 07/15/14 January February March April TOWN OF VA� Season -to -Date Share of Front Range Visitors to Vail Resorts N 0 14% .N v c 12% m s c 0 LL 10% w 0 v L m s 8% v Y L Cm C a, 6% m 0 c 4% Ln m G! Ln 2% 0% 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 7/15/2014 Town of Vail 1 07/15/14 82 TOWN OF VAIL Vail's Share of Colorado and U.S. Visits 1: 16.0% 0 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2001 -2002 2002 -2003 2003 -2004 2004 -2005 2005 -2006 2006 -2007 2007 -2008 2008 -2009 2009 -2010 2010 -2011 2011 -2012 7/15/2014 Town of Vail 1 07/15/14 RK TOWN OF VAIL 14.5 Vail's Share of Colorado Visits -0--Vail's Share of U.S. Visits 8/ 3.1% 16.0% 0 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2001 -2002 2002 -2003 2003 -2004 2004 -2005 2005 -2006 2006 -2007 2007 -2008 2008 -2009 2009 -2010 2010 -2011 2011 -2012 7/15/2014 Town of Vail 1 07/15/14 RK TOWN OF VAIL Vail, Breckenridge, and Aspen /Snowmass' Share of Colorado and U.S. Visits 13.8 13.2 11.4% – 4— Vail's Share of Colorado Visits fBreckenridge's Share of Colorado Visits Aspen /Snowmass's Share of Colorado Visits - 1 16.0 14.5 i 14.0 13.5 12.1%12.0% 10.0% 8.0% fVail's Share of U.S. Visits Breckenridges Share of U.S. Visits Aspen /Snowmass's Share of U.S. Visits 6.0% 2001 -2002 2002 -2003 2003 -2004 2004 -2005 2005 -2006 2006 -2007 2007 -2008 2008 -2009 2009 -2010 2010 -2011 2011 -2012 7/15/2014 Town of Vail 1 07/15/14 4.0 2.0 0.0 TOWN OF VAIL ., Benchmarking Resort's Five - Season Average Skier /Snowboarder Visits and Five Season Average Share of Home Country's Visitation 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 Benchmarking Resort's Five Season Average Skier /Snowboarder Visits and Five Season Average Share of Home Country's Visitation Resort's 5- Season Average Skier /Snowboarder Visits 1,855,263 1,775,355 Share of Country's Skier /Snowboarder Visits 0 1 1.577.386 ,627,008 Zermatt Ischgl /Samnaun Park City Area Breckenridge Vail Aspen /Snowmass Silvretta 7/15/2014 10% 9% 8% .N L 7% L M 0 6% 3 0 c N 5% v Y N G! 4% m v 3% c V) M v N 2% Ln 1% 0% TOWN OF VAIL ' Town of Vail 1 07/15/14 85 Vail vs. Breckenridge SkierlSnowboarder Visits poi 00 ps, O'L O'b & p "p 01 O, 00 y0 ,ti0 ,y0 ,y0 ,ti0 ,y0 ,y0 ,y0 ,ti0 ,ti0 ,ti0 ,ti0 ,y0 ,y0 � ti0 titi Season 7/15/2014 Town of Vail 1 07/15/14 2,000,000 1,800,000 V) i 1,600,000 v m 0 3 0 C 1,400,000 v Y N 1,200,000 1,000,000 TOWN OF VAIL 86 Vail vs. Aspen /Snowmass Skier /Snowboarder Visits I I 1,676,118 1,64♦5,,902I 1,610,961 � 1,608,204 2,000,000 00 00 0'1 O'L s:;i & 01 , % 00 y0 yy ,y'L llp1 ,ti0 ,y0 ,y0 ,ti0 ,y0 ,y0 ,y0 ,ti0 110 ,ti0 ,ti0 ,y0 ,y0 cC 00 O, Off' O� Off` Oy O(0 O� O`b O°� ti0 titi Season 7/15/2014 Town of Vail 1 07/15/14 1,200,000 1,000,000 TOWN OF VAIL ' 87 1,750,000 1,800,000 A 1,622,000 2 1,599,000 1,594,250 v 1,600,000 v m 0 3 0 c 1,400,000 v Y N 00 00 0'1 O'L s:;i & 01 , % 00 y0 yy ,y'L llp1 ,ti0 ,y0 ,y0 ,ti0 ,y0 ,y0 ,y0 ,ti0 110 ,ti0 ,ti0 ,y0 ,y0 cC 00 O, Off' O� Off` Oy O(0 O� O`b O°� ti0 titi Season 7/15/2014 Town of Vail 1 07/15/14 1,200,000 1,000,000 TOWN OF VAIL ' 87 Vail vs. Park City SkierlSnowboarder Visits 2,000,000 1,7so,000 1,800,000 1,676,118 1,645,902 v) 1,610,961 1,608,204 1,622,000 1,594,250 z 1,599,000 1,555,513 1,568,192 1,569,788 1,600,000 > 1,536,024 v c`a O 3 O 1,371,702 1,400,000 1,334,939 v Vail `^ —¢ Park City Area (The Canyons, Deer Valley, & Park City) 1,200,000 1,000,000 F° o° 5 o'' o oti 49 °` z � o� oA 01 & ti° titi titi ti� ,yo ,yo do ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ow o ,yo � ,o w ,o o' do titi do ,yo Season 7/15/2014 Town of Vail 1 07/15/14 .. TOWN OF VA Vail Resorts'Share of Colorado Skier Visits 14 Colorado resorts trend: +62,700 visits /yr 45% y = 62738x + 1E +07 0 a o � � R = 0.4093 I.R N M 44% o ° 12 o ...... er o ,n �. ' ° - ..... .... .. ................. c N o �. `r 43% > o o LLnn 1 M M M 0 o o 1-4 42% v N -1Z �c v ' ° m 41% ° 8 1010, Vail Resorts (CO) trend: +52,300 visits /yr c o rn M rn y= 52316x + 4E +06 o RZ = 0.7496 40% 4 ° `^ H 00 6 d M 06 M M oo - M M 39% L M L Y .. ... ... .. .. 4 38% N H c N Vail Resorts share of Colorado 37% H GJ °C 2 Colorado resort skier visits (25 resorts, incl. Vail Rsrts) 36% > —e--Vail Resorts skier visits (4 CO resorts) 0 35% �N �ti �'' �N �� �° �A �0 �° o0 oti oti o27 0°` b o° 01 01 o° yo ,yNY titi y3 tip` 1 \ti `ti °o`ti `ti °`ti ;� y`��`ti�° �`ti� °A`ti�° `tiC `ti 1 `ti °° °o °N °oh`ti ° °oo`ti °oy`ti° °o�`ti° ti °o °by`ti °yam`ti ° Source: CSCUSA; Vail Resorts (Vail Resorts data approximate for 2012/13 & 2013/14). TOWN OF VA ! L 7/15/2014 Town of Vail 1 07/15/14 89 Rocky Mountain Resort Skier Visits by Visitor Type 14 12 10 + N C CO 8 t C N r N 6 - L v Y N 4 2 0 - In -state visits Out of state visits Out of state trend: - 12,600 visits /yr y = - 12567x + 1E +07 R2 = 0.0183 .. ........................ %&......• . .....1............... In -state trend: +109,100 visits /yr y = 109132x + 7E +06 R2 = 0.7129 International trend: +35,500 visits /yr International visits y = 35543x + 897533 R2 = 0.6873 A � °o° °o° � o % o° o° o ti oti o y �� �° h °� � o �titi� ° �° o � ° ��w .yo)(')' ti Yo yo)('), o� oti ti �ti� oti ti �ti� �ti o ti ti ti ti ti ti ti ti ti ti ti ti ti °ti3 ti Source: NSAA; RRC Associates. NSAA Rocky Mountain Region includes resorts in NM, CO, UT, WY, ID, MT. 1 01I{I111 r] G VA IL YY IOr Y L Town of Vail 1 07/15/14 90 Perceptions of Vail 7/15/2014 TOWN O F VA I L "' Town of Vail 1 07/15/14 91 Ski Magazine Survey Analysis _y A + Rtader Awards Dry! %wdec Taughe -A Trrraim M1Atest:Ngr,We.Gubh53t im" Wtm Ila„ srra eN J-km Fki� %WL Whisikf sr b. pew s34eK. sauars l4 RYflor�l¢n, $Irra�, mAita� �- 7/15/2014 Town of Vail 1 07/15/14 92 TOWN OF VAIL Vail Strengths restaurants grooming R,PH 2F, lirir- best scenery get bowls s+ ills�� • C13 get runs > { th yr he Imo 'bI u eski trail= resort knack �riift s ow easy P. t3rr; (D ■ 1 Cr o C a - lint, skiing variet Y W"r' access 0 4 mobility! 'bstasin trsal — C good Izeexp- --rce skiers ?xDelient 5pLaDB , -16.1— best s% size 7% good 7% bowls 8% NN great 9% snow 15% terrain 23% Town of Vail 1 07/15/14 93 TOWN OF VA 2003/04 restaurants grooming R,PH 2F, lirir- best scenery get bowls s+ ills�� • C13 get runs > { th yr he Imo 'bI u eski trail= resort knack �riift s ow easy P. t3rr; (D ■ 1 Cr o C a - lint, skiing variet Y W"r' access 0 4 mobility! 'bstasin trsal — C good Izeexp- --rce skiers ?xDelient 5pLaDB , -16.1— best s% size 7% good 7% bowls 8% NN great 9% snow 15% terrain 23% Town of Vail 1 07/15/14 93 TOWN OF VA Vail Strengths re s M1,31) 1: � Lox7 "'• +^ Irk IY +J groomed m reso t grooming ski U nta i n r,e at 4dining s n Ow ° best bow I S ;�,��a a - fu[IC{ l "'•'' - many aYalleY[ IY[ ■ V �I ew ryoYe Clore ,V.ta ng vcgrle�i 3.711 te tPalfo- iblue ' quality 444+++ 1+ 4i 1 1 ?..111 :aye skiing 75 _ nice ts. Wea dawn size lo something s e rvi c q sky good lifts ra s. +_er lllll4' I:wi111Y11 ylertillp = m s size roo 6% 44 min a; k• _ 6% terrain �t1 rAOQIA TOWN OF VA!L- Town of Vail 1 07/15/14 94 Vail Weaknesses 2003/04 accessibility slopes lI . crowds , none � quickly worth n get F= long town denver �'L- ■, old 0 people 0 0 overrated expensive U) ,, great toad thedont wi a spll en I U) costs � �, _ mind midvail ift cost villaoed crowded (D overpriced rlJ ' rll h conditions 1 ticketv3il mountain sometimes 7/15/2014 price 9% people 7% crowded 14% I walk 7% lines 6% expensive 24% lift 17% Town of Vail 1 07/15/14 95 TOWN OF VA Vail Weaknesses 'AxeFtm 2 :".tilt b'r•aIJ Mclnull: It31 + prices catuwalks aybusy ° hh!" } getting parF.r *e, cI'o44dst rrail I skiing base traversing 7l0untaincOs MIfts da ack;,,,r: qj. �, want :-t8` rtiF lack x.rl denverhuge lxul Lj' cc's n _ food ltt,.lt Imler� US n �, t �llcany I�:I value US ]!.!t YI41il: 4tlr ts�lt much tracks lire I r � way smut expensive 2 vall free pa rk'i n ski mimes great 9 n '.ill,Wt around rl � ` r eedsend .none :lrt l walk _Pri,, plus resort lot 0} lda,F cat 'r.rlr�kl difficult = overpriced family a -z, lodging long 10% lift 11% lines 8% crowded 11% price 7% expensive 27% IAJrQQIA TOWN OF VA!L" Town of Vail 1 07/15/14 96 Vail Average Ratings for Value 1 r 1997 -98 1998 -99 1999 -00 2000 -01 2001 -02 2002 -03 2003 -04 2004 -05 2005 -06 2006 -07 2008 -09 2009 -10 2010 -11 2011 -12 2014 -15 TOWN �J [ j/� j L 7 /JrQn1A1 YY IY 1 YA Town of Vail 1 07/15/14 97 Overall Average Importance Ratings for Snow Quality 9.2 9 9.0 8.9 8.9 8.9 8.9 8.8 8.7 01�� 000 ti� ti0 Town of Vail 00 $C1, 000 l 7/15/2014 07/15/14 9.2 Off' ,y0 ,y0 ,y0 ,LO ,y0 ,ti0 ,y0 ,y0 ,y0 ,y0 ,y0 TOWN OF VAIL .. Vail - Specific Importance Ratings Across Seasons 1997/91 2011112 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 J 11 0 00 00 O,' O'1' O� Off` Oh O1O 01 O°5 'y0 Nyti 'y1' 'A Oo� OO OO OO OO OO IN, 1<71* OO OO OO O, O,. ti ti ti ti ti ti ti ti ti ti ti ti ti ti 7/15/2014 - --Snow Quality — *—Grooming Terrain Variety — Terrain Challenge --)K— Value Lifts Resort Service Weather Accessibility —4--On -mtn Food — FLodging Dining Apres Ski Off -hill Act. Family Progs. Scenery Terrain Parks TOWN OF VAIL Town of Vail 1 07/15/14 99 Vail Average Ratings 10 as 8 cc a� ao c� Q 0 Snow Quality Grooming Terrain Variety Terrain Challenge Value Lifts Resort Service Weather Accessibility On -mt. Food f Lodging 4e000 --A Dining Apres Ski Off-hill Act. 5 Family Prog. 01' O� Off` Oh OHO O� O°� ,O ,, y Scenery �' O' O' 'y' 'L' 3' 0�' y' O' �' O' O' 'y' �°� O°� 00 00 00 00 00 00 00 00 00 Terrain Parks ti ti ti15/20ti ti ti ti ti ti ti ti ti ti ti TOXIN OF VAIL Town of Vail 07/15/14 100 Average Importance Ratings by Average Resort Ratings 10 9 8 7 N tw 6 c 5 4 3 2 1 1 7/15/2014 Town of Vail 1 07/15/14 4 ♦ 3 1� �� 2 6 • ; 1 8 10 11 * 5 1. Snow Quality 2. Grooming 3. Terrain Variety 4. Terrain Challenge 5. Value 6. Lifts 7. Resort Service 8. Weather 9. Accessibility 10. On -Mtn. Food 11. Lodging 12. Dining 13. Apres Ski 14. Off -Hill Activities 15. Family Programs 16. Scenery 17. Terrain Parks 2 3 4 5 6 7 8 9 10 Importance Ratings TOWN OF VAIL ' 101 13 14 <. 15 17 4 ♦ 3 1� �� 2 6 • ; 1 8 10 11 * 5 1. Snow Quality 2. Grooming 3. Terrain Variety 4. Terrain Challenge 5. Value 6. Lifts 7. Resort Service 8. Weather 9. Accessibility 10. On -Mtn. Food 11. Lodging 12. Dining 13. Apres Ski 14. Off -Hill Activities 15. Family Programs 16. Scenery 17. Terrain Parks 2 3 4 5 6 7 8 9 10 Importance Ratings TOWN OF VAIL ' 101 Average Importance Ratings by Average Resort Ratings 1 2 3 4 5 6 7 8 9 10 Importance Ratings 7A,lZQQjA TOWN OF VA!L' Town of Vail 1 07/15/14 102 10 3 9 4 1 8 +1 13 *1272 8 �b14 10 9 X15 17 1. Snow Quality 2. Grooming 7 3. Terrain Variety 5 4. Terrain Challenge 5. Value c 6 6. Lifts M 7. Resort Service cc 8. weather j 5 9. Accessibility 10. On-Mtn. Food 11. Lodging 4 12. Dining 13. Apres Ski 3 14. Off -Hill Activities 15. Family Programs 16. Scenery 2 1 17. Terrain Parks 1 2 3 4 5 6 7 8 9 10 Importance Ratings 7A,lZQQjA TOWN OF VA!L' Town of Vail 1 07/15/14 102 Percentage of 9 & 10 Ratings by Age satisi i park! scenery family Is] snow —I" food ?nge* Lialue lifts** resort service her 34 and younger 35 and older lodging *significant at .05; ** significant at. 01 7/15/2014 Town of Vail 1 07/15/14 103 TOWN OF VAIL Percentage of 9 & 10 Ratings by State satisfa parks scenery family off -hil snow enge ialue lifts ,esort service her * NCO resident -21--Out of State dining on -mt food* lodging* * significant at .05; ** significant at .01 7AA rQQjA TOWN OF VA!L " Town of Vail 1 07/15/14 104 Lodaina Metrics 80% 70% 0 o 60% 50% d o 40% PF c CL U U 30% 20% 10% 0% Source: DestiMetrics. Occupancy Rate: Vail vs. Other Western Mountain Resorts Summer 2013 total Winter 2013/14 total Month of Occupancy TOWN OF VAIL Town of Vail 1 07/15/14 105 Lodging Metrics Winter Paid Occupancy Rate: Vail vs. Western Mountain Resort Aggregate 70% 60.7% 60.7% 60% - 51.5% 52.8% 50% 40% 58.6% 54.4% 55.1% 52.4% 48.7% 6% 40.9% 41.9% 55.8% ° 57.5% 54.9 /o 40.9% 42.2% 43.5% 30% Vail vs. Aggregate (ppt difference) - -Vail 20% ♦Industry 13.8% 13.5% 13.3 % 14.9% 9.2% 7.9% 9.9% 10% 0% Winter Winter Winter Winter Winter Winter Winter 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 Source: DestiMetrics. T cinn4 n Town of Vail 1 07/15/14 12.6% 14.0% Winter Winter 2012/13 2013/14 TOWN OF VAIL ' 106 Lodging Metrics Summer Paid Occupancy Rate: Vail vs. Western Mountain Resort Aggregate 45% 41.5% 40.4% 41.1 39.4% - 40% 38.0% 37.6% 40.4% 36.1% 35% 32.6% 38.4% 36.3% 30% 32.3% 32.5% 30.5% 25% 28.4% Note: Resorts included in Vail vs. Aggregate (ppt difference) 25.9% aggregate were expanded 20% --*--Vail in summer 2013. 15% —4--Western Resort Aggregate ° 10/0 ° 6.7% 7.7% 7.1% 8.6% 5.7/ 5% 3.0% 3.0% 0% 0.0% -5% Summer 2006 Summer 2007 Summer 2008 Summer 2009 Summer 2010 Summer 2011 Summer 2012 Summer 2013 Source: DestiMetrics. 7/15/2014 TOWN OF VA ! L " Town of Vail 1 07/15/14 107 Lodging Metrics 100% 80% 60% 40% v CU r 20% X 0% 20% Winter 2013114 Lodging Occupancy Vail vs. Destimetrics Western Resort Aggregate N N Co N W �I N N N 00 N Co N N N 00 ' 00 T � ' T N ' Ui N O ' N O O � TI TI � � � � � � � D O 0 0 z z z 0 � � � � C— � C— CD cP T -n v � � E�: Ef: D W W W W W W W W W W � 4- -9� -91 4- -91 Date Source: DestiMetrics. (Gridlines Aligned with Saturdays) 7/15/2014 Town of Vail 1 07/15/14 ■ TOWN OF VAIL " Lodaina Metrics $600 $500 $400 D Q $300 $200 $100 $0 ADR: Vail vs. Other Western Mountain Resorts co M N I� co t(7 lfJ _ EA V3 EA $186 1} K3 r M M C�'J M Co O Summer 2013 total Month of Occupancy Source: DestiMetrics. -,ca ea A Town of Vail 1 07/15/14 NAIL 01= Other individual resorts —41— Aggregate Total Tn V�A $331 N NVJ CO O F> 0 W W E» ER vvinter zu,isri4 toiai TOWN OF VA!L 109 Lodging Metrics Winter Average Daily Rate: Vail vs. Western Mountain Resort Aggregate $500 $450 $443 $402 $415 $400 $364 $363 $369 $350 $331 $305 � $300 $287 $294 5,311 $3 ®6 $250 Nail vs. Aggregate ($ difference) $200 Nail $150 Western Resort Aggregate $92 $109 $112 $100 $59 $75 $75 ,� $50 $0 Winter 2008/09 Winter 2009/10 Winter 2010/11 Winter 2011/12 Winter 2012/13 Winter 2013/14 Source: DestiMetrics. 7/15/2014 TOWN OF VAIL Town of Vail 1 07/15/14 110 Lodging Metrics Summer Average Daily Rate: Vail vs. Western Mountain Resort Aggregate $200 $158 $166 $153 $153 $a -50 $173 $150 $169 $155 $153 $157 $141 $100 Vail vs. Aggregate ($ difference) $50 Vail —*--Western Resort Aggregate $2 $0 - -$4 $9 -$4 -$1 -$13 -$50 Summer 2008 Summer 2009 Summer 2010 Summer 2011 Summer 2012 Summer 2013 Source: DestiMetrics. 7/15/2014 TOWN OF VAIL " Town of Vail 1 07/15/14 111 Lodging Metrics Summer Average Daily Rate: Vail vs. Western Mountain Resort Aggregate $200 $158 $166 $153 $153 $a -50 $173 $150 $169 $155 $153 $157 $141 $100 Vail vs. Aggregate ($ difference) $50 Vail —*--Western Resort Aggregate $2 $0 - -$4 $9 -$4 -$1 -$13 -$50 Summer 2008 Summer 2009 Summer 2010 Summer 2011 Summer 2012 Summer 2013 Source: DestiMetrics. 7/15/2014 TOWN OF VAIL " Town of Vail 1 07/15/14 112 Lodging Metrics - Summary • Winter: Vail very strong • Occupancy ranked #1 among measured western resorts • Steady 12.6 — 14.9 ppt outperformance of average past 6 winters • ADR ranked 3rd • Vail ADR gap widening vs. average ($59 in 08/09, $112 in 13/14) • Potential issues / opportunities: • Pushing capacity on weekends? Limits potential additional upside? • Value perceptions? • Dividend of recent lodging upgrades sustainable? • Summer: Vail moderately strong • Occupancy ranked 5th; 3ppts above average • ADR ranked 6th; $13 below average • Potential issues / opportunities: • Capacity relatively underutilized • Continued opportunity to drive visitation (special events, etc.) • Relatively weak Sundays /Mondays (opportunities for longer stays?) • Capitalize on relatively lower ADRs? 7/15/2014 Town of Vail 1 07/15/14 113 TOWN OF VAIL' TOV Sales Tax $25 $20 H _ 0 2$15 N 0 +� v U $10 X a� en $ 5 Q TOV Sales Tax Collections by Sector, 1997 -2013 eta, $0 -. Retail Lodging & Property Management Source: TOV, Annual Vail Business Review; RRC Associates. 7/15/2014 Town of Vail 1 07/15/14 Food & Beverage Other 30% $21.97 20% D f Total 10% 00 0 0 N 0% > M 0 N cu -10% W _ M t v -20% -30% -40% 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 f13 vs. 08 114 TOWN OF VA TOV Sales Tax $7 $6 `^ $5 0 r c $4 0 v G1 U $3 X 9 a� N $2 $1 TOV Sales Tax Collections by Sector, Winter 1995/96- 2013/14 26 30% 0 24/ _1;00$5.29 $6.33 20% r Retail Lodging & Prop Food & Beverage Mgt Source: TOV, Monthly Vail Business Reviews; RRC Associates. Winter= Nov -Apr. 7/15/2014 10% 00 0 10% ° v� $3.26 r-I -10% bu0 -20% s U 0 -30% -40% Other TOTAL (x5) 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 (13/14 vs. 07/08 TOWN OF VAIL Town of Vail 1 07/15/14 115 TOV Sales Tax TOV Sales Tax Collections by Sector, Summer 1997 -2013 $3 ° 32% - 40% 1 $2 Ln r- 0 th r- 0 o $1 U X H tA v Ta N $- 4 Retail Lodging & Food & Beverage Property Management Source: TOV, Monthly Vail Business Reviews; RRC Associates. Summer= May -Oct. 7/15/2014 Town of Vail 1 07/15/14 Other 30% 20% 10% 0 00 N of 0% r» 0 N -10% $6.40 ca -20% 0 TOTAL (x5) -30% -40 -50% 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 f13 vs. 08 TOWN OF VAIL ' 116 TOV Sales Tax 45% 40 LA 0 35% U a� 30% X ~ 25% v N 20% c a 15% 0 v N 10% 5% 0% TOV Share of Sales Tax Collections by Sector, 1997 - 2013 Retail Lodging & Property Management Source: TOV, Monthly Vail Business Reviews; RRC Associates. 7/15/2014 Food & Beverage 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Other 2013 TOWN OF VAIL' Town of Vail 1 07/15/14 117 TOV Sales Tax TOV Share of Annual Sales Tax Collections Occurring in Summer: by Sector, 1997 -2013 50% 45% 40% 35% 30% 25% 20% 15% 5% 0% 1 32% 21% 40 37% N Retail Lodging & Food & Other TOTAL Property Beverage Management Source: TOV, Monthly Vail Business Reviews; RRC Associates. Summer= May -Oct. -----7/15/201-1. Town of Vail 1 07/15/14 30% Summer 1997 share of Nov 1 -Oct 31 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Summer 2013 share of Nov 1 -Oct 31 118 TOWN OF VAIL TOV S $3 c O N $2 C O U G! O U X 9 N CU $1 N f0 3 c c Q ales Tax TOV Retail Sales Tax Collections by Type, 1999 -2013 46% $2.57 25% 10% O%Z 14% - .., 1.43 $1.16 $0.48 $' Food Liquor Apparel Sport Jewelry 60% 40% 26% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 f13 vs. Source: TOV, Annual Vail Business Review; RRC Associates. 7/15/2014 Town of Vail 1 07/15/14 8 r u A OF VAIL 119 20% co o N 1% vi M n e-I 0% N $1.2 aj OD M -33% -20% u 0 -40% -54% $0.07 $0.0 $0.00 r -- -60% Gift Gallery Other Home Occupation 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 f13 vs. Source: TOV, Annual Vail Business Review; RRC Associates. 7/15/2014 Town of Vail 1 07/15/14 8 r u A OF VAIL 119 TOV Sales Tax F I 60% 50% LA v 40% co X 9 c 30% Q c —v a L c� t 10% 0% TOV Neighborhood Share of Total Taxable Sales, 2007 -2013 48% 21% 18% 13% Vail Village Lionshead Cascade Village /East Out of town Vail /Sandstone /West Vail ■ 2007 2008 2009 ■ 2010 2011 ■ 2012 ■ 2013 Source: TOV, Annual Vail Business Review; RRC Associates. TOWN OF VA ! L 0 7AA rQQj ^ Town of Vail 1 07/15/14 120 TO V Sales Tax - Summary • TOV taxable sales have exceeded pre- recession peak ( +12% 2013 v. 2008) • Summer 2013 vs. 2008: +12% overall • Winter 2013/14 vs. 2007/08: +16% overall • Lodging, F &B, retail have all grown strongly; "other" has declined • Sectoral mix of sales activity has shifted over time • Absolute growth in all sectors except other • Relative growth of lodging & F &B, relative decline of retail & other • Within retail, absolute growth in liquor, apparel, sport, other • Flat trending for food stores and (recently) galleries • Declining trend for jewelry and gift • Locational mix of sales activity has shifted post- recession • Increased share of sales in Vail Village • Lionshead relatively flat • Decreased share in other Vail, out of town • Summer share of sales has edged up slightly (28.7% in 2006 -> 30.1% in 2013) • Issues /opportunities: • Ensuring vitality of retail; online & downvalley competition • Vitality outside of Vail Village • Summer gap vs. winter 7/15/2014 TOWN OF VA ! L Town of Vail 1 07/15/14 121 Sales Tax: Vail vs. Competitive Set $700 Total Annual Taxable Sales, 2002 -2013 O 2003 O 2004 0 2005 ! 2006 � 2008 2007 2009 2010 2011 2012 !2013 mqbm% Change, 2008 -2013 26% 30% $600 $540 _ c $500 $392 $400 N v Q $300 H _ $200 $100 $420 $109 $155 20% M 11% o 0 10% ai tLo c ca t U 41 c 0% v a $112 A "+ _10% $0 iii ii I iii iii I III 'j �_� iii iiii_� Vail Aspen Breckenridge South Lake Steamboat Telluride Snowmass Beaver Creek Avon Tahoe (thru 2012) Source: Respective towns, UT State Tax Commission & CA State Board of Equalization; RRC Associates. 7/15/2014 Town of Vail 1 07/15/14 -20% TOWN OF VAIL 122 Sales Tax: Vail vs. Competitive Set $600 $500 7 $400 0 v $300 v ca X $200 $100 $0 Total Winter Taxable Sales, 2003/04- 2012/13 70% 60% M 50% N r-I 0 N 40% d 0 M O O 30% N v ac 20% u c v V 10% v a 0% -10% Vail Aspen Breckenridge Steamboat Telluride Park City* Snowmass Beaver Creek Avon Village * Based on quarterly reports. Winter= Oct -Mar. Source: Respective towns & CO Department of Revenue; RRC Associates. Winter= Nov -Apr. 7/15/2014 Town of Vail 1 07/15/14 TOWN OF VAIL 123 Sales Tax: Vail vs. Competitive Set $300 $250 $200 a� $150 a� X $100 $50 $0 Total Summer Taxable Sales, 2003 -2013 90% 80% 2003 -2013 70% M r-I 60% N M O O 50% N CU oa c 40% t U 4, r- 30% v a 20% 10% 0% Vail Aspen Breckenridge Steamboat Telluride Park City* Snowmass Beaver Creek Avon Village * Based on quarterly reports. Summer= Apr -Sept. Source: Respective towns & CO Department of Revenue; RRC Associates. Summer= May -Oct. O YY iY O F ✓L 0 7/15/2014 VA IL Town of Vail 1 07/15/14 124 2003 � 2004 2005 = 2006 2007 1 2008 O 2009 O 2010 O 2011 O 2012 O 2013 am&—% Cha 90% 80% 2003 -2013 70% M r-I 60% N M O O 50% N CU oa c 40% t U 4, r- 30% v a 20% 10% 0% Vail Aspen Breckenridge Steamboat Telluride Park City* Snowmass Beaver Creek Avon Village * Based on quarterly reports. Summer= Apr -Sept. Source: Respective towns & CO Department of Revenue; RRC Associates. Summer= May -Oct. O YY iY O F ✓L 0 7/15/2014 VA IL Town of Vail 1 07/15/14 124 Sales Tax: Vail vs. Competitive Set 100 90 80 Z c 70% H 60% a� M tA 50% c J 40% v .0 Q 30% 9 20 10% 0% Share of Sales Tax Collections, Winter 2012/13 vs. Summer 2013 Breckenridge Park City* Source: Respective towns & CO Department of Revenue; RRC Associates. Summer= May -Oct; Winter= Nov -Apr. 7/15/2014 Town of Vail 1 07/15/14 Snowmass Village 0 TOWN OF VAIL 125 Sales Tax: Vail vs. Competitive Set 60% L 50% v E 3 N 40% c on c •i LS 30% O V) v m 20% 0 9) L s 10% LA 0% Share of Annual Taxable Sales Occurring in Summer, 2- 04-2013 O Summer 2004 share of Nov 1 -Oct 31 D 2005 O 2006 E-- 2007 O 2008 C 2009 D 2010 L 2011 2012 i Summer 2013 share of Nov 1 -Oct 31 10% M r-I 8% N d' 0 6% N OJ L c� 4% N L a� 2% E z 0% v W c -2% s cu V r� c -4% v CL -6 Vail Aspen Breckenridge Steamboat Telluride Park City* Snowmass Beaver Creek Avon Village * Based on quarterly reports. Summer = Apr -Sept. Source: Respective towns & CO Department of Revenue; RRC Associates. Summer = May -Oct. 7/15/2014 TOWN OF VA ! L Town of Vail 1 07/15/14 126 Sales Tax: Vail vs. Competitive Set Percent of Total Taxable Sales Attributable to Lodging, 2003 -2013 60% 0 2003 ;2004 7.6% O 2005 2006 - .boar€ to 50% 2007 2008 2009 2010 JW 5.0% X2011 2012 45.2% 2013 fPpt change, 2003-13 0 41.2° 40% 33.7 °° 1.8% -° 1.0% L Q 30% V 4% _ a� 22.7° 20% -2.4% 6. 0 L M N 10% 0% I I I I I 1� I I I I I�_t I I I I I 1� Vail Aspen Breckenridge Steamboat Source: Respective towns; RRC Associates. 7/15/2014 Town of Vail 1 07/15/14 3 Telluride Snowmass Beaver Creek Avon 10% 8% 6% n1 0 N 4% c 0 N 2% (t XU0 _ s 0% _ 0 a -2% +' a, v v -4% a -6% -8% TOWN OF VAIL 127 Sales Tax: Vail vs. Competitive Set If Jackson Park City Steamboat VAIL Aspen Breckenridge Telluride /Mountain Village Teton Village Beaver Creek AAA -Rated Hotels and Restaurants 5 10 15 20 25 30 26 24 18 35 34 18 18 ■ Total AAA -rated hotels Total AAA -rated restaurants 23 20 Snowmass 4 I I Source: AAA Tourbooks (2012 editions). Includes establishments rated with 1 to 5 diamonds. 7/15/2014 Town of Vail 1 07/15/14 40 1 TOWN OF VAIL 128 15 8 1 8 7 12 _. 6 7 4 7 26 24 18 35 34 18 18 ■ Total AAA -rated hotels Total AAA -rated restaurants 23 20 Snowmass 4 I I Source: AAA Tourbooks (2012 editions). Includes establishments rated with 1 to 5 diamonds. 7/15/2014 Town of Vail 1 07/15/14 40 1 TOWN OF VAIL 128 Sales Tax: Vail vs. Competitive Set - Sum-mqT_ • Growth since pre- recession peak has varied by resort. with Vail about averaae: • TOV up 11 % 2008 -13. Lower than Breckenridge (26 %) and Telluride (15 %). Similar to Snowmass (12 %), Avon (11 %), Aspen (10 %). Greater than Steamboat ( -5 %) and Beaver Creek ( -13 %). • Vail's tax collections have a strong winter focus: 70% winter /30% summer • Most other resorts also tilt to winter, but not as strongly, e.g. Aspen 56/44 mix. (Exceptions — BC, Snowmass are more winter - focused.) • Likely reflects Vail's very strong winter performance, comparatively softer summer tourism, & relatively modest local resident economic base • Seasonal shifts over time: • Several resorts have gradually become more summer - focused over time: Telluride, Breckenridge, Steamboat • Others have maintained are relatively stable balance: Vail, Aspen, Park City, Snowmass, BC • Almost all resorts have seen increased summer share since 2008 -10, but at least some of that might be disproportionate recessionary impact on winter • Vail's tax base is somewhat more heavily focused on lodging than most other resorts • Vail's focus on lodging has also increased more than most other resorts over time • Likely speaks to Vail's tourism focused economy & upgrades to lodging bed base 7/15/2014 Town of Vail 1 07/15/14 129 l \�I/ TOWN OF VAIL EMD10vment and Establishments Base Industry Employment by County, 2012 Eagle County Pitkin County Summit County Routt County San Miguel County Source: CO State Demographer, Economic Base Analvsis (2012); RRC Associates. , ems TOWN OF VAIL� Town of Vail 1 07/15/14 130 Employment and Establishments 35,000 25,000 H W GJ 20,000 O Q. E W C 15,000 L W s £ 10,000 n Z 5,000 0 Annual Labor Force Count by County, 1990 -2013 Eagle County Pitkin County Summit County Routt County San Miguel County 1990 � 1991 1992 � 1993 � 1994 ;1995 � 1996 EC-1997 � 1998 � 1999 0 2000 � 2001 E= 2002 2003 ® 2004 O 2005 O 2006 D 2007 CJ 2008 D 2009 O 2010 O 2011 O 2012 O 2013 -011—% Change, 1990 -2013 140% 120% 100% M r-I O N 80% O O� O r-I 60% t°1uo c M s U 40% W v ai 20% a 0% Source: CO Department of Labor & Employment, Labor Force Employment & Unemployment; RRC Associates. Note: Labor force counts are not seasonally adjusted. 7AJlZQQJA TOWN OF VAIL Town of Vail 1 07/15/14 131 Employment and Establishments Unemployment Rate by County, 2000 -2013 10% 9% 8% 7% 6% O to 5% c a� E, 4% O Q. E 3% c 2% 1% 0% Eagle Countv Pitkin County Recovery, 2010 -2013: 38% W-1 I I I I I Summit County �I I I Routt County ■ 2000 2001 2002 2003 2004 ■ 2005 2006 ❑ 2007 2008 : 2009 2010 2011 ❑ 2012 2013 Source: CO Department of Labor & Employment, Labor Force Employment & Unemployment. 7/15/2014 Town of Vail 1 07/15/14 San Miguel County TOWN OF VAIL 132 Employment and Establishments Total Number of Establishments, 1998 -2012 1400 1300 1200 1100 N c 1000 s N M 900 W O 800 L = 700 r- 12 600 500 �e =Vail -- -Aspen Breckenridge 77C 7Rn 787 , -7A 3 850 400 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Source: US Census Bureau, ZIP Code Business Plans by NAICS; RRC Associates. 0 7/15/2014 TOWN OF VAIL " Town of Vail 1 07/15/14 133 Employment and Establishments -Summa • Population projections: • Eagle County population is projected to nearly double in next 20 years • Base industry ployment: • Eagle, Pitkin, Summit, and San Miguel counties have similar reliance on tourism for base industry jobs (54 -62 %); remainder split between households, regional center /national services, and traditional. • Routt County also has a large, albeit smaller, tourism base (41 %) • Labor force: As of 2013, still below pre- recession peaks in all compared resort counties • Unemployment rate: Still elevated as of 2013 in all comparison counties. • Establishments: Long term decline in establishments in Vail, vs. increase in Breckenridge, and decline since 2006 in Aspen. More research needed to evaluate sectors with reduced establishments. 7/15/2014 Town of Vail 1 07/15/14 134 TOWN OF VAIL Real Estate TOV Gross Real Estate Sales Volume, 2006 -2013 $800 $774 Winter Summer $700 $600 0 E $500 v $400 ca W $300 Ln Ln 0 C7 $200 $100 $505 $596 $217 $380 so 5374 $405 $128 $610 $412 $199 $434 $175 $259 $514 $495 $236 2006 2007 2008 2009 2010 2011 2012 2013 Source: TOV, Economic Indicators Summary: Summer 2013; RRC Associates. Winter =Nov (of prior year) -Apr. Summer = May -Oct. 7AArQQjA TOWN OF VAIL " Town of Vail 1 07/15/14 135 Real Estate E - I TOV Total Number of Real Estate Transactions, 2006 -2013 450 Recover 2009 - 2013:79.7% 400 381 c 350 N C 300 U M N C 250 a� M w 200 a� 0 150 a� = 100 Z 50 0 2006 2007 2008 2009 2010 2011 2012 2013 Source: TOV, Economic Indicators Summary: Summer 2013; RRC Associates. Annual total based on Nov 1 (of prior year) -Oct 31. 7A,rQQjA TOWN OF VA!L " Town of Vail 1 07/15/14 136 Real Estate $3.0 $2.5 o $2.0 W U a $1.5 $1.28 v 00 $1.0 Q $0.5 Average Sale Price of TOV Real Estate, 2006 -2013 $1.77 $2.38 $1.98 $1.88 $1.74 $1.55 $1.33 2006 2007 2008 2009 2010 2011 2012 2013 Source: TOV, Economic Indicators Summary: Summer 2013; RRC Associates. Annual average based on Nov 1 (of prior year) -Oct 31. 0 7AJrQQjA TOWN OF VAIL " Town of Vail 1 07/15/14 137 Real Estate 100% w 95% L a a, �a N 0 90 .i a 4A J 4- 0 c 85% m a wo ra i G1 Q 80% TOV Average Ratio of List Price to Sale Price, 2006 -2013 95% 95% 95% 94% 10 ■ 96% 97% 1 Winter Summer 92% 85% 85% 90% 90% nnoi 91% 92% 75% 1 � _ Wes, MMMMM M_� 2006 2007 2008 2009 2010 2011 2012 2013 Source: TOV, Economic Indicators Summary: Summer 2013; RRC Associates. Winter =Nov (of prior year) -Apr. Summer = May -Oct. 7AJrQQjA TOWN OF VAIL " Town of Vail 1 07/15/14 138 Real Estate Z r- 0 1A M N v co N W f6 O C7 $3,000 $2,500 $2,000 $1,500 $1,000 $500 Recovery 2009 -2013: 97% Annual Gross Real Estate Sales, 2004 -2013 Recovery 2009 -2013: 39% Recovery 2009 -2013: 30% Recovery 2009 -2013: 15% oil Recovery 2009 -2013: 38% 11111111111 1i1ii'° Vail Eagle County Pitkin County Summit County Routt County San Miguel County 2004 2005 2006 2007 ■ 2008 ■ 2009 ■ 2010 ■ 2011 ■ 2012 ■ 2013 Source: Land Title Guarantee Comoanv. Colorado Mountain Resorts Market Analvsis (4th Quarter) & Eagle Countv Market Analvsis: RRC Associates. F VA! L 7/15/2014 Town of Vail 1 07/15/14 139 Real Estate 4,000 3,500 ,,, 3,000 C O v 2,500 c ca L H 4- O 2,000 a, E Z 1,500 0 H 1,000 500 Annual Number of Real Estate Transactions, 2006 -2013 Recover 2009 - 2013:62% 354 � 1111 Recovery 2009 -2013: 142% Recover 2009- 2013:88% 1,766 1,702 111111, ,111 Recovery 2009 -2013: 20% Vail Eagle Pitkin Summit Routt 2006 2007 ■ 2008 ■ 2009 ■ 2010 12011 ■ 2012 ■ 2013 Source: Land Title Guarantee Comoanv. Market Analvsis for respective counties: RRC Associates. 7/15/2014 Town of Vail 1 07/15/14 1,278 140 TOWN OF VA Real Estate Eagle 2013 Buyer Profile by County Pitkin Summit Routt Source: Land Title Guarantee Company, Colorado Mountain Resorts Market Analysis (4th Quarter); RRC Associates. 7/15/2014 International Out of State (Domestic) Front Range Local San Miguel TOWN OF VAIL ' Town of Vail 1 07/15/14 141 Real Estate Primary Residence Location of Second -Home Owners By State /Country (Top 10) 40% 0 Ln M 30% c c 0 CL 20% c a, a a 10% 0% 1 ZAP' A�� CIOf ❑ Vail ❑ Beaver Creek ■ Other Eagle County ° v �0 0 61 N* 00 OR 0 0 0 0 1OR Ln ° L n M o M N N N N M° M o e-I � N N y° t� •`� ea �a e� '�a a d° to ono L Source: Assessor Data from Eagle County (2011); RRC Associates 7AJ rQQjA TOWN OF VA!L- Town of Vail 1 07/15/14 142 Real Estate -Summa SUMMARY: REAL ESTATE • Sales trends in TOV: • TOV seeing recovery in sales transactions, list:sales price ratios • Average prices trending down. Total dollar volume erratic, up from low point. • Sales trends in resort counties: • Gross dollar volumes well below peaks, but up from lows; choppy post- recession. • Sales transaction counts trending up from lows in most communities. • Second homeowner residence: • Approximately 1 /3rd of second homeowners are from Front Range — similar to Breckenridge, up moderately vs. Steamboat, and much higher than Beaver Creek, Pitkin Co and San Miguel Co. • Other 2nd homeowners are widely dispersed. In Vail, led by FL (7 %), TX (6 %), CA (6 %), NY (6 %) and NY (5 %). 7/15/2014 Town of Vail 1 07/15/14 143 TOWN OF VAIL Air Transport 1 0 v E v a W 4- O L E z 24 22 Pic 18 16 Denver International Airport Annual Enplanements, 2000 -2013 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Year Source: Federal Aviation Administration, Annual Passenger Boarding and All -Cargo Data; RRC Associates. 7/15/2014 Town of Vail 1 07/15/14 144 TOWN OF VAIL Air Transport Me] o i . 11 0 M _ 140 0 .c 120 100 a 80 CL Uj %0 60 L E 40 0 z 20 Resort Airports Domestic Enplanements, Winter 2002/03- 2012/13 137 123 6I I' 22 107 o■L1■ 1100 �� LA EGE (Vail) ASE (Aspen) HDN (Steamboat) TEX (Telluride) GUC (Crested Butte) JAC (Jackson Hole) 2002/03 ■ 2003/04 2004/05 2005/06 M 2006/07 ■ 2007/08 N 2008/09 ■ 2009/10 ■ 2010/11 ■ 2011/12 ■ 2012/13 Source: Federal Aviation Administration, Passengers by Month Data; RRC Associates. Winter= Nov -Apr. 0 7/15/2014 TOWN OF VA ! L " Town of Vail 1 07/15/14 145 Air Transport Resort Airports Domestic Enplanements, Summer 2003 -2013 1.1k H c N 140 0 t t. 120 186 H c 100 c 80 Q. 80 c W o 60 W 40 30 z 20 17 0 k d . m.2 I MOM EGE (Vail) ASE (Aspen) HDN (Steamboat) TEX (Telluride) GUC (Crested Butte) JAC (Jackson Hole) 02003 ■ 2004 2005 E2006 12007 —2008 ■ 2009 ■ 2010 2011 ■ 2012 ■ 2013 Source: Federal Aviation Administration, Passengers by Month Data; RRC Associates. Summer= May -Oct. 7/15/2014 TOWN OF VA ! L " Town of Vail 1 07/15/14 146 Air Transport - Summa • DIA: • Strong long -term growth in enplanements; great asset for Vail • Ability to retain 3 airline hubs & competitive fares? • Eagle Airport: • Significant declines in winter enplanements since peak ( -25% 06/07 — 12/13). • Summer volume (30K enplanements 2013) much lower than winter (137K). Down -37% from 2008. • Other mountain resort airports. • Hayden, Telluride, and Gunnison have experienced declines similar to EGE. • Jackson and Aspen have been more resilient re: enplanements. • Jackson and Sun Valley becoming increasingly aggressive in expanding air service to new communities. 7/15/2014 TOWN YY iY F VA ! L Town of Vail 1 07/15/14 147 Hiahwav Traffic .1 111 50,000 c O +��• 40,000 O L C: s p 30,000 v L � 20,000 om �a D 10,000 L Q 0 1 -70 Eisenhower 1 -70 Vail Pass Tunnel Average Daily Highway Traffic, Summer 1993 -2013 1 -70 Dowd 1 -70 Glenwood Hwy 82 Hwy 9 US 40 1 -80 Parley's Junction Canyon Snowmass Breckenridge Steamboat Canyon (UT) 10% 8% 6% 4% 2% en !'I 0% N 00 O -2% N W -4% c -6% U 0 -8% -10% -12% 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 X2008 -13 % Change Source: CDOT, Monthly Traffic Data & UDOT, Monthly Traffic Bulletins; RRC Associates. Summer = May -Oct. TOWN rIY O F Y A L Town of Vail 1 07/15/14 148 7.3% Al 1.6% -2.7% -2.3% -2.2% III ��II 7.3/ 1 -70 Dowd 1 -70 Glenwood Hwy 82 Hwy 9 US 40 1 -80 Parley's Junction Canyon Snowmass Breckenridge Steamboat Canyon (UT) 10% 8% 6% 4% 2% en !'I 0% N 00 O -2% N W -4% c -6% U 0 -8% -10% -12% 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 X2008 -13 % Change Source: CDOT, Monthly Traffic Data & UDOT, Monthly Traffic Bulletins; RRC Associates. Summer = May -Oct. TOWN rIY O F Y A L Town of Vail 1 07/15/14 148 Hiahwav Traffic 50,000 N C O 40,000 t p 30,000 .0 U M 20,000 fC 11� 10,000 i Gl Q 0 1 -70 Eisenhower 1 -70 Vail Pass 1 -70 Dowd 1 -70 Glenwood Hwy 82 Average Daily Highway Traffic, Winter 1993/94- 2013/14 Hwy 9 US 40 1 -80 Parley's 20% 15% 10% 9T \ M r-I 5% N 00 O n 0% o N GJ OD C -5% t U -10% 0 Tunnel Junction Canyon Snowmass Breckenridge Steamboat Canyon (UT) 1993/94 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 Source: CDOT, Monthly Traffic Data & UDOT, Monthly Traffic Bulletins; RRC Associates. Winter= Nov -Apr. 71 nIA TOWN OF VA!L " Town of Vail 1 07/15/14 149 Hiahwav Traffic 50,000 40,000 O U ai L ,= 30,000 O L 20,000 H co D GJ bA 10,000 v Q C Average Daily Highway Traffic, Summer 2013 vs. Winter 2013/14 1 -70 Eisenhower 1 -70 Vail Pass 1 -70 Dowd 1 -70 Glenwood Hwy 82 Hwy 9 US 40 1 -80 Parley's 140% 120% 100% L GJ 80% O 60% E 3 40% O O 20% 0% Tunnel Junction Canyon Snowmass Breckenridge Steamboat Canyon (UT) Source: CDOT, Monthly Traffic Data & UDOT, Monthly Traffic Bulletins; RRC Associates. Summer = May -Oct, Winter= Nov -Apr. 7A,rQQjA TOWN OF VA!L " Town of Vail 1 07/15/14 150 Hiahwa ME 1,600 1,400 v 1,200 a 1,000 0 x Qj 800 v 6111111FIR 400 C Traffic Average Westbound Saturday Winter Traffic, 1 -70 at Eisenhower Tunnel Source: CDOT, Hourly Traffic Data; RRC Associates. Winter= Nov -Apr. Town of Vail 1 07/15/14 151 TOWN OF VA� Highway Traffic U m i 3 O 2 41 dA m GJ al 2,500 2,000 1,500 1,000 500 IC Average Eastbound Sunday Winter Traffic, 1 -70 at Eisenhower Tunnel Source: CDOT, Hourly Traffic Data; RRC Associates. Winter= Nov -Apr. 7/15/2014 Town of Vail 1 07/15/14 152 117 TOWN OF VAIL Highway Traffic -Summa • Growth trends: 0 0 • Traffic volumes on several key tourism highways have had little net change over past 10 years • Within that time, traffic declined in recent recession, with varying degrees of recovery since then • Note that factors other than tourism can impact traffic - e.g. general economic conditions, population growth, demand suppression due to congestion, etc. Seasonal balance: • Average daily traffic is typically higher in summer than winter — likely reflective of differing visitor profile & travel patterns in each season Time of day (Eisenhower): • Saturday westbound peak have extended later • Sunday eastbound peak has moved much earlier • Above trends may reflect congestion avoidance strategies, changes in skiing patterns with season passes TOWN OF VAIL 7/15/2014 Town of Vail 1 07/15/14 153 SWOTAnalysis T JH • Complacency — doing little to address the long term opportunities and ignoring trends. • Divisions concerning which future(s) should be pursued — For example, by age cohorts, year round /part time residents, Vail Resorts versus the Town, etc. • Climate change • Growth of passes in other regions changing visitation patterns and creating new loyalties • Degrading of experience and brand with deteriorating quality or crowded conditions 7/15/2014 Town of Vail 1 07/15/14 154 TOWN OF VAIL SWOTAnalysis T JH • Summer — more competition from multiple sources • Loss of the baby boomers without a message /product and direction for the next generation • Loss or degradation of the local environment through gradual decline or a big event — Gore Creek, fire, more vegetation kill, population growth, increased peaking of demand, etc. • 1 -70 — traffic, noise, trucks, impact on character of Town (in other words, the highway presents multiple challenges that together represent ongoing threats). • Travel industry diversification — new behaviors and choices 7/15/2014 Town of Vail 1 07/15/14 155 TOWN OF VAIL SWOTAnalysis OPPORTUNITIES • 2015 World Alpine Championships, US Pro Challenge, Burton US Open Snowboarding Championships, other events that continue to put Vail on the National and World Stage • Summer economic growth • Climate change (relative to competition) • New event(s) • Enhance parking experience — (through additional facilities, management and pricing) • While available land is limited, there exists the potential to address competitive opportunities including changing demographics, parking and various aspects of Vail's identity and brand with physical changes and improvements. Could include West Vail, EverVail, Frontage Road, Timber Ridge, underpass(es), etc. 7/15/2014 TOWN OF VA ! L Town of Vail 1 07/15/14 156 SWOTAnalysis OPPORTUNITIES • Expand brand to embrace an affluent younger clientele — may not be for everyone, but for a segment that is up and coming • Continued population growth in Colorado; Vail will get its fair share. • DIA, a major airport centrally located • Expanded international tourism as Denver grows and the world comes to Colorado and potentially the mountains. • Enhanced flight offerings at Eagle County Regional Airport — international terminal • 1 -70 enhancements and changes from tolling, truck restrictions, etc. • Vail's retail mix - quality and quantity 7/15/2014 Town of Vail 1 07/15/14 157 TOWN OF VAIL SWOTAnalysis STRENGTHS • The Vail Brand • Vail Mountain and Back Bowls • New lodging properties and relatively high quality bed base • Signature events (Bravo, Mountain Games, etc.) and the overall program of events including the particular success of Farmers Market • Vail Valley Medical Center /Steadman Hawkins reputation and presence • Proximity to Denver and Front Range • Reputation on Front Range • The Epic Pass and the Vail Resorts brand and initiatives, and the Vail Resorts name and reach 7/15/2014 Town of Vail 1 07/15/14 158 TOWN OF VAIL SWOTAnalysis T RENGTHS • Vail Resorts capital improvements — winter and summer • The Community Survey indicates that Vail is in "good shape" and that there are no glaring deficiencies. High ratings of service delivery and positive comments about management and fiscal discipline • The economic strength of second homeowners, along with their geographic origins, give Vail broad reach in multiple regions. This is further expanded by Beaver Creek. • International Visibility (note that measuring international reputation would require testing) 7/15/2014 Town of Vail 1 07/15/14 159 TOWN OF VAIL SWOTAnalysis WEAKNESSES • Perception of value and the actuality of relatively higher costs than most competing resorts. • Limited land for expansion and for major new facilities • Lack of developed space at the base of the mountain for events and concerts. (The limitations of Gold Peak have been identified.) Long term, is there an opportunity to mitigate some of the physical limitations? • No true conference facility and limited improved concert and outdoor gathering spaces 7/15/2014 Town of Vail 1 07/15/14 160 TOWN OF VAIL SWOTAnalysis WEAKNESSES • Workforce and affordable housing — vulnerability to down - valley competition and to increased costs of labor as overall economy improves • The parking experience, and issues of price, and supply at certain times • 1 -70 — both its presence bisecting the Town, and problems of access at peak times • The Vail brand may be a turnoff for some, especially the younger set (requires testing to confirm or reject) • Vulnerability to climate change 7/15/2014 Town of Vail 1 07/15/14 161 TOWN OF VAIL Questions for Council PART 1 • From this SWOT list, what stands out as correct and what rings incorrect? Is this the right list? What's missing in the opinion of Council? • If the SWOT analysis seems incorrect, is there additional information that can be acquired to further understand the identified trend or direction? Or is it that you simply don't agree, that you don't think the particular theme or idea is important for Vail? • Is there support for exploring ideas about potential physical changes (EverVail, West Vail, intercept parking, trails, the Frontage Road, etc.) as a part of positioning Vail for long -term changes in demography, technology, consumer habits, the competitive environment, etc.? 7/15/2014 Town of Vail 1 07/15/14 162 TOWN OF VAIL Questions for Council • Is there support for broadening the Vail economy by pursuing additional economic initiatives such as health care, quality of life exploration, or Lone Eagle opportunities? If yes, what additional information or direction is needed to galvanize support and leadership toward these additional (beyond tourism) alternative economic futures beyond tourism? • Is there a next "big idea" or is Vail's future to continue to take smaller but very deliberate steps to perform at the very highest levels in the identified industries? • What are the next steps in this process? a) Work session in August? b) RRC collects further secondary information to address identified gaps? c) Additional primary research? d) Other: 7/15/2014 TOWN OF VA ! L Town of Vail 1 07/15/14 163 a :° .. . �' �. , - µ', �;', ,y {rye,, � • �� M A M Vail Competitive Assessment Report of Findings July 2014 Prepared for: Town of Vail Prepared by: RRC Associates, LLC 4940 Pearl East Circle, Ste 103 Boulder, CO 80301 303/449 -6558 TABLE OF CONTENTS INTRODUCTION 1 Overview of Report Contents ................................................................ ..............................1 An Evaluation of Vail's Competitive Set of Resorts /Communities ..... ..............................1 ComparativeTables .......................................................................... ..............................2 Series of Technical Appendices ........................................................ ..............................2 COMPETITIVE ANALYSIS 3 VAIL ........................................................................................................ ............................... 3 TownCharacteristics ....................................................................... ............................... 3 Attractions and Amenities ................................................................ ............................... 3 Marketing /Promotions ...................................................................... ............................... 3 VisitorProfile ..................................................................................... ..............................4 Transportation Access Characteristics .............................................. ..............................4 LodgingCharacteristics ..................................................................... ..............................4 ASPEN..................................................................................................... ..............................5 TownCharacteristics ....................................................................... ............................... 5 Attractions and Amenities ................................................................ ............................... 5 Marketing /Promotions ...................................................................... ............................... 5 VisitorProfile ..................................................................................... ..............................6 Transportation Access Characteristics .............................................. ..............................6 LodgingCharacteristics ..................................................................... ..............................6 SNOWMASS........................................................................................... ............................... 7 TownCharacteristics ....................................................................... ............................... 7 Attractions and Amenities ................................................................ ............................... 7 Marketing /Promotions ...................................................................... ............................... 7 VisitorProfile ..................................................................................... ..............................8 Transportation Access Characteristics .............................................. ..............................8 LodgingCharacteristics ..................................................................... ..............................8 BEAVERCREEK ..................................................................................... ..............................9 Town Characteristics ....................................................................... ............................... 9 Attractionsand Amenities ................................................................ ............................... 9 Marketing /Promotions ...................................................................... ............................... 9 VisitorProfile .................................................................................... .............................10 Transportation Access Characteristics ............................................. .............................10 Lodging Characteristics .................................................................... .............................10 BRECKENRIDGE.................................................................................... .............................11 Town Characteristics ....................................................................... .............................11 Attractions and Amenities ................................................................ .............................11 Marketing /Promotions ...................................................................... .............................11 VisitorProfile .................................................................................... .............................12 Transportation Access Characteristics ............................................. .............................12 LodgingCharacteristics .................................................................... .............................12 JACKSON/ TETON VILLAGE ................................................................. .............................13 7/15/2014 TownCharacteristics ....................................................................... .............................13 Attractions and Amenities ................................................................ .............................13 Marketing /Promotions ...................................................................... .............................13 VisitorProfile .................................................................................... .............................14 Transportation Access Characteristics ............................................. .............................14 Lodging Characteristics .................................................................... .............................14 PARKCITY ............................................................................................. .............................15 Town Characteristics ....................................................................... .............................15 Attractions and Amenities ................................................................ .............................15 Marketing /Promotions ...................................................................... .............................15 VisitorProfile .................................................................................... .............................16 Transportation Access Characteristics ............................................. .............................16 LodgingCharacteristics .................................................................... .............................16 STEAMBOAT SPRINGS ......................................................................... .............................17 TownCharacteristics ....................................................................... .............................17 Attractions and Amenities ................................................................ .............................17 Marketing /Promotions ...................................................................... .............................17 VisitorProfile .................................................................................... .............................18 Transportation Access Characteristics ............................................. .............................18 28 Lodging Characteristics .................................................................... .............................18 29 TELLURIDE/ MOUNTAIN VILLAGE ....................................................... .............................19 TownCharacteristics ....................................................................... .............................19 Attractions and Amenities ................................................................ .............................19 Marketing /Promotions ...................................................................... .............................19 VisitorProfile .................................................................................... .............................20 Transportation Access Characteristics ............................................. .............................20 Lodging Characteristics .................................................................... .............................20 WHISTLER............................................................................................ ............................... 21 TownCharacteristics ..................................................................... ............................... 21 Attractions and Amenities .............................................................. ............................... 21 Marketing /Promotions .................................................................... ............................... 21 VisitorProfile .................................................................................... .............................22 Transportation Access Characteristics ............................................. .............................22 LodgingCharacteristics .................................................................... .............................22 COMPARATIVE TABLES 23 Area Characteristics .............................................................................. .............................23 Physical Characteristics ....................................................................... .............................23 ResidentDemographics ........................................................................ .............................24 RetailMetrics ......................................................................................... .............................24 Dining & Shopping Characteristics ...................................................... .............................25 Economic Characteristics of Residents .............................................. .............................26 Visitor Characteristics ........................................................................... .............................27 Arts /Culture .......................................................................................... ............................... 28 Environment/ Sustainability ................................................................. ............................... 29 HigherEducation ................................................................................... .............................30 Proximity to Population Centers .......................................................... .............................31 RRC Associates 7/15/2014 Contents AirTravel .............................................................................................. ............................... 32 MountainStats ..................................................................................... ............................... 33 Lifts....................................................................................................... ............................... 34 Lodging................................................................................................. ............................... 35 Comparative Table Sources .................................................................. .............................36 RRC Associates 7/15/2014 Contents INTRODUCTION This report summarizes the results of a project undertaken by the Town of Vail (TOV) to understand the competitive positioning of Vail and to systematically document major trends and influences that are likely to impact Vail in the next 5 to 10 years. The idea is to develop a fact -based information source that can ground upcoming discussions about the future of Vail. By gathering information in a single set of documents that are systematically organized, it is intended that future discussions can be expedited and facilitated in a manner that draws on data and facts. RRC Associates has been primarily responsible for assembling available information. The charge to RRC was to gather and organize data and studies in a manner that would permit local officials, staff and the Vail public to initiate a conversation about the future of Vail, the next "big ideas" that might be identified and acted upon after the 2015 World Championships. While the Championships are an important milestone for Vail, and one that has been in the planning and development stage for a number of years, there is recognition that the Town can and should look beyond this near term event to a larger future. This study, and the attached report documenting findings, is intended to further that goal. Overview of Report Contents An Evaluation of Vail's Competitive Set of Resorts /Communities Vail has traditionally identified a number of different mountain towns within North America as a "competitive set," that is, communities that offer a basis for comparison. The TOV has identified these towns as primary sources of competition and has expressed interest in data that would systematically compare Vail to this set. It is recognized that this list of towns /resorts could be expanded to include more entities, both from within North America and from other regions such as Europe, South America and Asia, but for this initial effort the RRC team has worked primarily with the list of competitors historically identified by the TOV. This list includes: • Aspen • Snowmass • Beaver Creek • Breckenridge • Jackson Hole • Teton Village • Steamboat • Telluride • Mountain Village • Whistler • Tahoe (limited comparisons) This part of the report is organized around a series of findings that describe and document the above listed communities using measures that were gathered from a variety of sources. The body of the report introduces each of the resort communities with a general description or Overview, followed by a series of Competitive Measures that compare the communities across a wide variety of metrics. More specifically, these measures include information on town characteristics, attractions and amenities, marketing /promotions, visitation profile, transportation access characteristics, and lodging characteristics, in order to provide a broad sense of the competitive advantages and general landscape of each of the communities. RRC Associates 7/15/2014 1 Comparative Tables A detailed series of tables is presented following the community summaries. The community summaries are based upon the data provided in these tables. These tables allow for direct comparison of the communities along specific attributes, and highlight Vail's position in this competitive group. The majority of the data in this report has been compiled from publicly available sources. As a result, many of the data points are derived through slightly different methodologies. When this is the case the differences are noted. It is worth noting that in the case of Telluride and Mountain Village and Jackson and Teton Village, findings are broken out in cases where data were available for each community. In many cases, results reflect the grouping of these two sets of communities. Furthermore, Tahoe was identified as a competitive destination to Vail. While limited, in several cases, tables highlight data collected for South Lake Tahoe and /or Truckee to help round out our understanding of Vail's competitive standing. Series of Technical Appendices In addition to the competitive assessment of Vail and the 11 competitive set destinations, many additional analyses were undertaken to truly understand Vail's competitive position. These extensive analyses cover air transportation, employment and business establishment, highway traffic, lodging, population projections, real estate, sales tax, and skier visitation patterns. Not only did these analyses serve to support the report's findings, but also provide a data -based compendium that can be used by Vail staff and officials moving forward in this strategic process. By clicking any of these key topic areas below, you will be redirected to a topic- specific website containing a series of graphs evaluating Vail, either by itself or in relation to competitive destinations: • Air Transportation • Employment and Establishments • Highway Traffic • Lodging • Population Projections • Real Estate • Sales Tax • Skier Visitation Patterns • Summer Visitation RRC Associates 7/15/2014 Z COMPETITIVE ANALYSIS VAI L Vail Population: 5,311 Skiable Acres: 5,289 Vertical Rise: 3,450 ft. Town Characteristics Vail Mountain Resort preceded the development of the town, which was incorporated in 1966. Despite its short history, the Town of Vail has developed into a sizable community, with considerable population growth in the past decade. The Town of Vail has a defined downtown core with two primary resort nodes. • Walk score (a walkability index that scores a location based on distance to various amenities): 58 (somewhat walkable) • Occupied housing units: 34.8% • Vacant housing units: 65.2% • Vacant for seasonal, recreational, or occasional use: 94.2% of vacant units • Median housing unit value: $670,800 Attractions and Amenities Vail has established a lively event calendar, which have attracted both locals and destination guests. Vail at a Glance: Vail Mountain enjoys international recognition and stature as a top -tier ski resort, with highly regarded terrain and service, among many strengths of the resort. Vail typically ranks as the busiest or second busiest ski mountain in the U.S., and also ranks among the leaders in skier ratings surveys. Strong synergy between the resort and the highly walkable village core enhances the visitor experience. A series of well- attended year -round events help to further enhance the brand and attract a diverse mix of visitors to the area. The proximity to the Front Range has been an asset to Vail. Vail additionally has many new lodging properties and a high quality bed base. • Special events /festivals: Bravo! Vail Valley Music Festival, Burton US Open, Gourmet on the Gore, HoliDAZE, International Dance Festival, King of the Mountain Volleyball Tournament, Mountain Games, PINK Vail, Oktoberfest, SnowDAZE, Spring Back to Vail, Taste of Vail, Vail America Days, Vail Farmers' Market and Art Show, Vail Film Fest, Vail Jazz Festival, Vail Lacrosse Shootout, Vail New Year's Eve, Vail Restaurant Month, USA ProCycling Challenge • Arts /cultural amenities: Colorado Ski Museum, Gerald R. Ford Amphitheatre, Nature Center and Alpine Garden • Nearest college: Colorado Mountain College- Edwards, 14 miles • Nearest college enrollment: 3,800 Marketing/Promotions • Resort: Like nothing on earth. Town of Vail: Welcome to Vail, North America's Premier Resort Community. RRC Associates 7/15/2014 Visitor Profile Vail attracts a high share of families, repeat visitors, affluent, and International guests. In recent years, Vail has stepped up its marketing and summer attractions, helping to even out its placement as a year -round destination. • Skier visits: approx. 1.6 million • Average length of stay: In the winter, 9 days for international visitors, 6 for out -of- state, and 3 for Colorado residents • Visitors with children: 41% • First -time visitors: 19% in the summer • Taxable sales: $160 million in summer 2013 and $408 million in winter 2013/14 Transportation Access Characteristics • Nearest major city: Denver, 97 • Nearest airport: Eagle County Airport • Enplanements: 29,795 in summer 2013 and 137,046 in winter 2012/13 • Average airfare: $591.72 • Strongest air markets: Dallas, Denver, Atlanta, Miami, Houston, Chicago, New York, Newark, Los Angeles, Minneapolis Lodging Characteristics • Lodging tax rate: 9.8% • Occupancy: 41 % in summer 2013 and 58% in winter 2013/14 • Average Daily Rate: $173 in summer 2013 and $443 in winter 2013/14 (excluding tax) • Taxable lodging sales: $38 million in summer 2013 and $158 million in winter 2013/14 • Number of rooms: 3,954 RRC Associates 7/15/2014 4 ASPEN Aspen Population: 6,728 Skiable Acres: 5,533 (all four mountains) Vertical Rise: 4,406 ft. (Snowmass) Town Characteristics Aspen was founded in 1880, and is recognized as one of Colorado's historic towns. It features a historic downtown, with a pedestrian -only mall and a defined downtown core. It is the County Seat of Pitkin County. • Walk score: Aspen 83 (very walkable) • Retail square footage: 600,000 (Aspen) • Occupied housing units: Aspen 52.5% • Vacant housing units: Aspen 47.5% • Vacant for seasonal, recreational, or occasional use: 63.6% of Aspen's vacant units • Median housing unit value: $608,000 Attractions and Amenities Aspen is a hub of arts and cultural activity. • Special events /festivals: 12 Days of Aspen, Aspen Arts Festival, Aspen Film Fest, FOOD & WINE Classic, Jazz Aspen Snowmass, USA ProCycling Challenge, Winterskol, X- Games, • Arts /cultural amenities: Aspen Art Museum, Aspen Music Festival and School, Aspen Santa Fe Ballet, Benedict Music Tent, Holden - Marolta Mining and Ranching Museum, Theatre Aspen, Wheeler Opera House • Nearest college: Colorado Mountain College- Carbondale, 30 miles • Nearest college enrollment: 2,300 Marketing/Promotions • Resort: The Power of Four. We are Different. • City of Aspen: Defy Ordinary Aspen at a Glance: Aspen attracts a highly affluent visitor base, which can be attributed to intentional marketing efforts and development of several high -end signature events. In addition to its destination draw, the community has distinguished itself as an environmental leader, with major investments made in its renewable energy programs and sustainable building. Relative to seasonal viability, most of the City's taxable sales are collected in winter (56%), but there is greater seasonal balance compared to other similar mountain resort destinations. In addition to pulling a strong segment of visitors from other parts of Colorado, Aspen also draws notable shares of visitors from Texas, California, Florida, New York, and Illinois. These are also the primary origins of Aspen's second homeowner base. RRC Associates 7/15/2014 5 Visitor Profile Aspen shows strength in its ability to draw visitors in both winter and summer. • Skier visits: 1.3 million (2011 -12) • Average length of stay: 5 nights in summer and 6 nights in winter • Visitors with children: 36 to 41 percent • First -time visitors: 27 percent of visitors in summer • Taxable sales: $241,904,714 in summer and $313,199,190 in winter (includes all items that are subject to tax) Transportation Access Characteristics • Nearest major city: Denver, 159 miles • Nearest airport: Aspen - Pitkin County Airport • Enplanements: 79,892 in summer and 123,404 in winter • Average airfare: $719.06 • Strongest air markets: Denver, Los Angeles, Chicago, Houston, Dallas, San Francisco, Atlanta Lodging Characteristics • Lodging tax rate: 11.3% • Occupancy: 53% in summer and 53% in winter • Average Daily Rate: $257 in summer and $395 in winter (excluding tax) • Taxable lodging sales: $45,706,450 in summer and $79,715,350 in winter • Number of rooms: 2,304 • Number of AAA -rated hotels: 13 RRC Associates 7/15/2014 6 SNOWMASS Snowmass Village Population: 2,844 Skiable Acres: 5,533 (all four mountains) Vertical Rise: 4,406 ft. (Snowmass) Town Characteristics Snowmass Village became a town in 1977. While just nine miles from Aspen, it is much more of a resort town, has a less- defined downtown core, and has very steep grades. • Walk score: Snowmass 32 (car- dependent) • Retail square footage: 140,000 • Occupied housing units: 48.1 % • Vacant housing units: 51.9% • Vacant for seasonal, recreational, or occasional use: 77.9% • Median housing unit value: $979,700 Attractions and Amenities Snowmass has become of center for lodging and has invested a great deal of resources in conference space. Special events /festivals: Annual Motherlode Volleyball Classic, Blast the Mass, Jazz Aspen Snowmass, Snowmass Balloon Festival, Snowmass Chili Pepper & Brew Fest, Snowmass Wine Festival, Thursday Night Concert Series, Ullr Nights Arts /cultural amenities: Benedict Music Tent, Aspen Arts Museum, Aspen Music Festival and School, Wheeler Opera House, Anderson Ranch Arts Center • Nearest college: Colorado Mountain College- Carbondale, 28 miles • Nearest college enrollment: 2,300 Marketing/Promotions • Resort: The Power of Four. We are Different. Snowmass at a Glance: A sister community to Aspen, Snowmass has undertaken strategic marketing initiatives to enhance its individual reputation and appeal as a visitor destination. These efforts have included the development of a robust event calendar, and more recently, the rebranding of its website. Strengths of Snowmass include its reputable ski experience, ample meeting and conference space, free and efficient town -wide transportation, and the relatively recent discovery of mastodon fossils, thrusting the community into the spotlight as a site of historic and archeological interest. In spite of these strengths, Snowmass has struggled to pin down its market niche being in such close proximity to Aspen. The steep and spread out geography of the Town also serve as challenges to Snowmass. Town of Snowmass Village: Take a closer look at Snowmass. What you don't know may surprise you. RRC Associates 7/15/2014 Visitor Profile Snowmass' winter tourism far exceeds its summer tourism. • Skier visits: 1.3 million (2011 -12) • Average length of stay: 9.5 nights in summer • Visitors with children: 41 percent • First -time visitors: 30 percent of summer visitors • Taxable sales: $32,551,500 in summer and $120,964,200 in winter (includes all items that are subject to tax) Transportation Access Characteristics • Nearest major city: Denver, 167 miles • Nearest airport: Aspen - Pitkin County Airport • Enplanements: 79,892 in summer and 123,404 in winter • Average airfare: $719.06 • Strongest air markets: Denver, Los Angeles, Chicago, Houston, Dallas, San Francisco, Atlanta � aa7�• 'x ;', Lodging Characteristics • Lodging tax rate: 12.8% • Occupancy: 23% in summer and 44% in winter • Average Daily Rate: $123 in summer and $344 in winter (excluding tax) • Taxable lodging sales: $9,618,000 in summer and $53,056,000 in winter • Number of rooms: 1,824 • Number of AAA -rated hotels: 4 RRC Associates 7/15/2014 g BEAVER CREEK Beaver Creek Population: 250 Skiable Acres: 1,832 Vertical Rise: 3,340 ft. Town Characteristics Beaver Creek is an unincorporated community situated right next to the Town of Avon. The community is terraced, lacking a grid layout or historic architecture. However, it does feature a defined commercial and retail core at the base of the resort. • Walk score: 49 (car- dependent) • Retail square footage: 134,000 • Occupied housing units: Avon 62.5% • Vacant housing units: Avon 37.5% • Vacant for seasonal, recreational, or occasional use: Avon 27.3% Attractions and Amenities Beaver Creek hosts many different types of events throughout the year and will soon be the host site for the World Ski Championship. The renowned Vilar Performing Arts Center is located in the community. Special events /festivals: 2015 World Ski Championship, Beaver Creek Music Experience, Beaver Creek Rodeo Series, Blues, Brews & BBQ, German Auto Festival, Independence Day Celebration, Movies Under the Stars, Oktoberfest, Rendezvous Music Festival, Wine & Spirits Festival • Arts /cultural amenities: Vilar Performing Arts Center Nearest college: Colorado Mountain College — Edwards, 4 miles Nearest college enrollment: 3,800 Marketing/Promotions • Resort: Not Exactly Roughing It. RRC Associates 7/15/2014 Beaver Creek at a Glance: Unincorporated and a sister community to Vail, Beaver Creek has thoroughly resort character, particularly in comparison to the other competitive set destinations. The destination has leveraged its world - class ski experience to cultivate a significant second homeowner population and attract generally affluent clientele. In particular, Texas has been a notable origin of seasonal residents and visitors alike. A challenge for Beaver Creek moving forward will be to enhance its competitiveness in summer to become a year -round destination. Visitor Profile Skier visits: 927,067 (2009 -2010) Taxable sales: $24,427,288 in summer and $84,694,327 in winter Transportation Access Characteristics • Nearest major city: Denver, 109 miles • Nearest airport: Eagle County Airport • Enplanements: 29,795 in summer and 137,046 in winter • Average airfare: $591.72 • Strongest air markets: Dallas, Denver, Atlanta, Miami, Houston, Chicago, New York, Newark, Los Angeles, Minneapolis Lodging Characteristics • Lodging tax rate: 10.99% • Taxable lodging sales: $7,590,475 in summer and $14,031,500 in winter • Number of AAA -rated hotels: 3 RRC Associates 7/15/2014 10 BRECKENRIDGE Breckenridge Population: 4,564 Skiable Acres: 2,908 Vertical Rise: 3,398 ft. Town Characteristics Breckenridge was founded in 1859 by a small group of prospectors and the mining history is a rich part of the town narrative. Its main street is popular with pedestrians for shopping and eating, though it does allow for vehicles. • Walk score: 51 (somewhat walkable) • Occupied housing units: 27.7% • Vacant housing units: 72.3% • Vacant for seasonal, recreational, or occasional use: 76.9% • Median housing unit value: $448,200 Attractions and Amenities A bustling main street, recreation access, and spirited events draw in visitors year- round. • Special events /festivals: Breck Bike Week, Breckenridge Craft Spirits Festival, Dew Tour, Fourth of July, Kids Reindeer RUN, Kingdom Days, Oktoberfest, , Race of the Santas, Snow Sculpture Championships, Spring Fever, UIIrFest, USA ProCycling Challenge • Arts /cultural amenities: Arts District, Barney Ford House Museum, Edwin Carter Museum, Mountain Top Children's Museum, Riverwalk Center, Summit Ski Museum Nearest college: Colorado Mountain College - Breckenridge, 3 miles Nearest college enrollment: 1,600 Marketing/Promotions • Resort: Perfect Mountain. Perfect Mountain Town. • Town of Breckenridge: "I love Breckenridge because..." Breckenridge at a Glance: A highly visited resort and town, Breckenridge's strengths lie in its relatively easy access to Denver and its downtown shops and restaurants. Though less upscale than other ski areas and competitive destinations, Breckenridge Ski Resort typically posts 1.6 million skier visits per season. Additionally, the Breckenridge Resort Chamber plays an active role in managing the visitor center, chamber of commerce, central reservations, and organizing special events in the Town. This synergy seems to benefit the tourism operations of Breckenridge. Breckenridge successfully attracts significant volumes of both Front Range day visitors and overnight destination visitors. RRC Associates 7/15/2014 11 Visitor Profile Breckenridge attracts more destination visitors in winter. However, in the summer, Breckenridge is a popular choice among local and in -state visitors. • Skier visits: 1.62 million • Number of annual visitors: Approximately 3 million • Average length of stay: 5.5 days (summer) • Visitors with children: 36% • First -time visitors: 23% of out -of -state and International visitors, 7% of day visitors, and 6% of overnight visitors • Taxables sales: $139,467,882 in summer and $243,450,219 in winter Transportation Access Characteristics • Nearest major city: Denver, 81 miles • Nearest airport: Denver International Airport • Enplanements: 12,965,907 in summer and 11,527,848 in winter • Strongest air markets: Phoenix, Los Angeles, Las Vegas, San Francisco, Dallas, Seattle, Minneapolis, Salt Lake City, Houston, Atlanta Lodging Characteristics • Lodging tax rate: 11.675% • Occupancy: 18% in summer and 40% in winter • Average Daily Rate: $223 in summer and $222 in winter (excluding tax) • Taxable lodging sales: $22,442,510 in summer and $74,154,472 in winter • Number of rooms: 3,516 RRC Associates 7/15/2014 12 JACKSON/ TETON VILLAGE Jackson Population: 10,135 Teton Village Population: 330 Skiable Acres: 2,500 Vertical Rise: 4,139 ft. Town Characteristics Jackson earns a high walk score due to its concentrated downtown core and grid layout. Teton Village is not as pedestrian - friendly, featuring inclines and a non -grid layout. • Walk score: 83 (very walkable) in Jackson and 38 (car - dependent) in Teton Village • Occupied housing units: 71.2% (Jackson), 16.3% (Teton Village) • Vacant housing units: 28.8% (Jackson), 83.7% (Teton Village) • Vacant for seasonal, recreational, or occasional use: 48.9% (Jackson), 80.3% (Teton Village) • Median housing unit value: $587,300 (Jackson), $1,000,000+ (Teton Village) Attractions and Amenities While Jackson events seem to capitalize on the wild west and ranching flavor of the area, Teton Village delivers an impressive summer of music through the Grand Teton Music Festival at Walk Festival Hall. • Special events /festivals: 4th of July, Art Fair Jackson Hole, Concert in the Commons, Elkfest, Fall Arts Festival, Grand Teton Music Festival; Jackson Hole Scottish Festival, JH Marathon, JH Shootout, Old West Days, Teton County Fair • Arts /cultural amenities: Jackson Hole Center for the Arts, Jackson Hole Historical Society and Museum, National Museum of Wildlife Art, Walk Festival Hall • Nearest college: Central Wyoming College- Jackson Campus, 0.3 mile • Nearest college enrollment: 2,351 (call campuses) Marketing /Promotions • Resort: #1 ranked overall resort in North America by SKI Magazine. • Town of Jackson: The Last of the Old West. Jackson /Teton Village at a Glance: Located roughly 20 minutes from one another, each community offers a different guest experience — Jackson plays to the power of its cowboy roots while Teton Village delivers a more upscale experience. However, with both rooted in the "Jackson Hole" valley, with close proximity to a resort of the same name, the communities complement one another, showcasing a high degree of synergy between local tourism organizations. The reputation of Jackson Hole resort serves as a strength in the winter, but summer is the true stronghold for the area given its status as a gateway to Grand Teton and Yellowstone National Parks. RRC Associates 7/15/2014 13 Visitor Profile Jackson shows much stronger in performance in summer than in winter, while Teton Village collects less taxable sales overall but demonstrates greater seasonal balance. • Skier visits: 563,631 (2013/14) • Average length of stay: 6.5 nights in summer and 6.1 nights in winter (Jackson) • First -time visitors: 67% • Taxable sales: $232,605,750 in summer and $135,656,333 in winter in Jackson, $43,632,150 in summer and $50,418,550 in winter in Teton Village Transportation Access Characteristics • Nearest major city: Salt Lake City (304 miles) • Nearest airport: Jackson Hole Airport • Enplanements: 186,133 in summer and 106,756 in winter • Average airfare: $661.07 • Strongest air markets: Denver, Salt Lake City, Chicago, Dallas, Atlanta, Los Angeles, Minneapolis, San Francisco, Houston, Newark Lodging Characteristics • Lodging tax rate: 6.0% • Occupancy: 67% in summer and 37% in winter (Teton County) • Average Daily Rate: $170 in summer and $157 in winter (Teton County) • Taxable lodging sales: $80,310,100 in summer and $18,498,100 in winter (excluding tax) • Number of rooms: 4,561 (Teton County) RRC Associates 7/15/2014 14 PARK CITY Park City Population: 7,962 Skiable Acres: 4,000 (Canyons), 2,026 (Deer Valley), 3,300 (Park City Mountain Resort) Vertical Rise: 3,190 ft. (Canyons), 3,000 ft. (Deer Valley), 3,100 ft. (Park City Mountain Resort) Town Characteristics Park City was founded in 1884, after prospectors came to the area searching for silver. In the 1930s, area residents began to capitalize on the area's snowsports offerings. • Walk score: 78 (very walkable) • Occupied housing units: 31.3% • Vacant housing units: 68.7% • Vacant for seasonal, recreational, or occasional use: 86.3% of vacant units • Median housing unit value: $718,800 Attractions and Amenities Park City at a Glance: In addition to its snowsports and biking recreation opportunities, Park Park City benefits from multiple factors: City is known for its arts and cultural offerings. It has earned renown access to three major ski area within the City, for being the venue for the Sundance Film Festival. close proximity to Salt Lake City, smart development propelled by hosting the 2002 • Special events /festivals: Autumn Class Music Festival, Big Stars Winter Olympics, and an association with the Bright Nights, Deer Valley Celebrity SkiFest, Deer Valley Music Sundance Film Festival. Not only is Park City Festival, 4t" of July Celebration, FIS Freestyle World Cup, Food & a major magnet for tourism in winter and Wine Classic, Miner's Day Celebration, Park City Kimball Arts summer, but it has also proven to be a strong Festival, Park City Marathon, Park City Point 2 Point, Park Silly and viable community for year -round Sunday Market, Prixlntermountain Mustang and All Ford residents. Stampede, Round Valley Roundup and Nordic Ski Race, Savor the Summit, Spring Gruv at Canyons, Sprint U.S. Grand Prix at Canyons Resort, Sundance Film Festival, USSA Grand Tour of Utah • Arts /cultural amenities: Egyptian Theater, Kimball Arts Center, Park City Performing Arts Foundation /Eccles Center Nearest college: University of Utah, 26 miles Nearest college enrollment: 27,033 Marketing /Promotions • Park City: One easy trip to 3 unique, world class resorts. Greatest snow on Earth. • Canyons: One of the Top 10 Ski Resorts in North America • Deer Valley (company motto): Take Care of the Guest, Take Care of Each Other, Take Care of the Company • Park City Mountain Resort: Discover your mountain. What will you find? RRC Associates 7/15/2014 15 Visitor Profile Park City collects 68 percent of its taxable sales in winter and 32 percent in summer, suggesting that tourism to the area is more winter - centric. Regardless of this slight imbalance, the area is economically viable year- round. Park City attracts families and destination visitors. • Skier visits: 1.75 million (all resorts) • Average length of stay: 5.6 days in summer and 5.9 days in winter • Visitors with children: 64% • First -time visitors: 47% in summer • Taxable sales: $223,519,797 in summer and $466,045,600 in winter Transportation Access Characteristics • Nearest major city: Salt Lake City, 32 miles • Nearest airport: Salt Lake City International Airport • Enplanements: 5,241,822 in summer and 4,821,254 in winter • Average airfare: $413.20 • Strongest air markets: Denver, Phoenix, Los Angeles, Atlanta, Seattle, Las Vegas, Dallas, New York, Portland, Minneapolis Lodging Characteristics • Lodging tax rate: 10.95% • Occupancy: 54% in summer and 46% in winter • Average Daily Rate: $132 in summer and $280 in winter (excluding tax) • Taxable lodging sales: $49,377,529 in summer and $101,923,359 in winter • Number of rooms: 6,237 VAIL COMPETITIVE ASSESSMENT —JULY 2014 RRC Associates 7/15/2014 16 STEAMBOAT SPRINGS Steamboat Population: 12,100 Skiable Acres: 2,965 Vertical Rise: 3,668 ft. Town Characteristics Steamboat, while relatively removed from the Front Range, serves as a hub of activity in Routt County (as the county seat and most populated city in the County). Steamboat features a strong downtown core with a grid layout. The ski area base is not quite defined but is working toward that end. • Walk score: 69 (somewhat walkable) • Occupied housing units: 52.6% • Vacant housing units: 47.4% • Vacant for seasonal, recreational, or occasional use: 77.4% • Median housing unit value: $517,300 Attractions and Amenities Steamboat has a healthy and varied event schedule. The City strategically utilizes its wild west image and family - friendly reputation in the creation and promotion of events. Special events /festivals: All Arts Fest, Annual Hot Air Balloon Rodeo & Annual Art in the Park, Annual Rocky Mountain Mustang Round -up, Annual Steamboat Marathon, Half Marathon, and 10k, Fourth of July Weekend Celebration, Labor Day Weekend and Annual Wild West Fest, Steamboat Oktoberwest, Steamboat Springs Colorado Wine Festival, Steamboat Springs Concert Series, Triple Crown • Arts /cultural amenities: Center for Visual Arts, Steamboat Art Museum, Strings Music Pavilion, Tread of Pioneers Museum Nearest college: Colorado Mountain College — Steamboat, 1 mile Nearest college enrollment: 23,000 (all campuses) Marketing/Promotions • Resort: Home of Champagne Powder. • Steamboat Springs: Get Up Here. Ski Town, U.S.A. Steamboat Springs at a Glance: Despite its remote setting, Steamboat is a thriving and populous community. While the year -round community is healthier than many other mountain destinations, Steamboat has also attracted a strong second homeowner community. Many of these seasonal residents hail from the Front Range, as well as Texas, Illinois, and Florida. Relative to tourism in Steamboat, families dominate the visitor mix. Steamboat also has a significant share of repeat visitors, suggesting a loyalty to the City among guests. Given the remote setting of Steamboat, the area pulls in a strong share of overnight visitors. RRC Associates 7/15/2014 17 Visitor Profile Unlike many other mountain resort destinations, Steamboat has been successful at striking a balance between winter and summer, collecting similar shares of taxable sales in each of these seasons. • Skier visits: 959,603 (2009/10) • Average length of stay: 4.5 nights in winter • Taxable sales: $183,055,067 in summer and $229,266,756 in winter Transportation Access Characteristics • Nearest major city: Denver, 156 miles • Nearest airport: Yampa Valley Airport • Enplanements: 16,709 in summer and 76,046 in winter • Average airfare: $602.78 • Strongest air markets: Denver Lodging Characteristics • Lodging tax rate: 11.65% • Occupancy: 57% in summer and 44% in winter • Average Daily Rate: $100 in summer and $123 in winter • Taxable lodging sales: $20,403,956 in summer and $45,188,156 in winter • Number of rooms: 1,899 RRC Associates 7/15/2014 18 TELLURIDE/ MOUNTAIN VILLAGE Telluride Population: 2,291 Mountain Village Population: 1,349 Skiable Acres: 2,000 Vertical Rise: 4,425 ft. Town Characteristics Telluride was first established as a mining camp in the 1870s, the ski resort started in the 1970s, and Mountain Village was established in 1995. The Town of Telluride is surrounded by open space and features a downtown core with a grid layout and historic architecture. Mountain Village has a pedestrian - only zone and also as a commercial center, however without a grid street layout. The two communities are connected by a free gondola and by road. • Walk score: 83 (very walkable) in Telluride and 26 (car - dependent) in Mountain Village • Occupied housing units: 52.6% (Telluride) • Vacant housing units: 47.4% (Telluride) • Vacant for seasonal, recreational, or occasional use: 77.4% (Telluride) • Median housing unit value: $913,700 (Telluride) Attractions and Amenities Telluride has several signature events, and a packed summer event calendar. The Town strategically utilizes various locations throughout the community, as well as its access to Mountain Village, in order to maximize economic benefit. Telluride /Mountain Village at a Glance: Telluride has truly leveraged special events to create a thriving tourism economy. The result is the seamless production of several signature events, from Telluride Bluegrass Festival to Blues & Brews. Due to the success of special events in the region, the area performs stronger in the summer than in the winter, although the resort is lauded for the quality of the ski experience. Mountain Village, while lacking the history and character of its parent community, has also developed a niche, attracting an affluent seasonal resident base. Special events /festivals: Mountainfilm, Annual Telluride Balloon Festival, Wild West Fest, Telluride Heritage Festival, Annual Telluride Bluegrass Festival, Telluride Wine Festival, Sheridan Arts Foundation's Telluride Plein Air, 4th of July Celebration, Telluride Yoga Festival, Hardrock 100 Endurance Run, Ah Haa Art Auction, Telluride Jazz Festival, Telluride Chamber Music Festival, Telluride Festival of the Arts, Telluride Film Festival, Imogene Pass Run, Telluride Blues and Brews Festival, Mountain to Desert Ride, Telluride Horror Show, KOTO Halloween Bash, Telluride Mushroom Festival, USA Pro Cycling Challenge • Arts /cultural amenities: Ah Haa School for the Arts, Sheridan Opera House, Telluride Historical Museum Nearest college: Fort Lewis College, 109 miles Nearest college enrollment: 7,943 (all campuses) Marketing /Promotions • Resort: Unmatched in North America. The most beautiful place you'll ever ski. • Telluride: Made in Telluride. RRC Associates 7/15/2014 19 Visitor Profile Visitors tend to be first - timers to the area, likely due to the remote setting of Telluride and Mountain Village and high cost of airfare to the regional airport. • Skier visits: 419,476 (2009/09) • Taxable sales: $55,754,489 in summer and $52,443,000 in winter (Telluride) Transportation Access Characteristics • Nearest major city: Denver (330 miles) • Nearest airport: Telluride Regional Airport • Enplanements: 2,459 in summer and 3,918 in winter • Average airfare: $663.25 • Strongest air markets: Denver Lodging Characteristics • Lodging tax rate: 12.4% • Taxable lodging sales: $8,798,386 in summer and $8,922,968 in winter in Telluride RRC Associates 7/15/2014 20 WHISTLER Whistler Population: 9,824 Skiable Acres: 8,171 Vertical Rise: 5,280 ft. Town Characteristics Whistler was founded in 1914, and first earned its reputation as a fishing destination. More recently, its reputation has been boosted by hosting the 2010 Winter Olympics. Whistler Village, the pedestrian -only area at the base of Whistler and Blackcomb gondolas, was developed starting in 1980. Whistler Creekside, the original base location developed in 1966, was refurbished and expanded to serve as a host venue for the 2010 Olympic events. • Walk score: 98 (walker's paradise) • Retail square foot: 768,000 • Land area (square miles): 94.2 • Median income: $28,437 (USD, per capita) Attractions and Amenities Whistler at a Glance: Whistler Blackcomb boasts the most skiable acreage in North America. Beyond merely its size, Whistler is renowned for its recent hosting of the Winter Olympics, vibrant village area, and extensive summer bike opportunities. Its location is amenable to a high share of International visitors. In addition to earning top ratings for its near year -round skiing and riding, Whistler offers other attractions, bringing in roughly 10 percent of all guests that visit Canada. As the location of the last Winter Olympic Games, a premiere bike park, and a lively apres -ski scene, Whistler draws in a diverse crowd of visitors Special events /festivals: 5 Peaks Trail Running Series, BELIEVE Freedom Festival, Bull's Eye Canadian National BBQ Championships, Crankworx Whistler, , RBC GranFondo Whistler, Salomon Meet Your Maker, Sea to Sky Nordic Festival, Tenderfoot Boogie Trail Race Tough Mudder, Wanderlust Whistler, Whistler Half Marathon, World Ski & Snowboard Festival, Whistler Film Festival, Whistler Cup, Whistler Readers and Writers Festival, Whistler Yoga Conference • Arts /cultural amenities: Maurice Young Millennium Place, Squamish Lil -Wat Cultural Centre, Whistler Museum Nearest college: Quest University, 36 miles Nearest college enrollment: Approximately 425 Marketing/Promotions • Resort: Wonder: Is it a place or a state of mind? • Whistler: #WhistlerUnfiltered; So much to love we can't possibly show it all ourselves. RRC Associates 7/15/2014 21 Visitor Profile Whistler has a strong tourism market, with an estimated 2.1 million visitors a year. Whistler- Blackcomb sees around 2.2 million skier visits per year, making it the most visited resort in North America. • Skier visits: 2.2 million • Average length of stay: 2.2 nights in summer, and 3.4 nights in winter • Visitors with children: 22% • First -time visitors: 32% in winter Transportation Access Characteristics • Nearest DMA: Vancouver, 77 miles • Nearest airport: Vancouver International Airport • Enplanements: 9,787,777 (summer) and 8,053,080 (winter) Lodging Characteristics • Lodging tax rate: 10.0% • Occupancy: 46% in summer and 61 % in winter • Average Daily Rate: $135 in summer and $212 in winter (USD and excluding tax) • Taxable lodging sales: $55,815,818 in summer and $108,790,176 in winter (USD) • Number of rooms: 8,000 RRC Associates 7/15/2014 22 Comparative Tables This section presents comparative metrics for Vail and individual competitive resort destinations. Results in any particular table should be interpreted with care as the data sources and methodologies are often different. As an example, municipalities may differ in what they count as a visitor. Where appropriate these discrepancies are noted in the endnotes. Area Characteristics (please refer to the population projections appendix for additional information Area Characteristics Land area in square miles' Population' County Seat ?3 Walk score4 block lengthantersectondensity) Aspen 3.5 6,728 Yes 83 (very walkable) Snowmass 25.6 2,844 No 32 (car- dependent) Beaver Creek 7.0 250 No 49 (car- dependent) Breckenridge 5.0 4,564 Yes 51 (somewhat walkable) Jackson 3.0 10,135 Yes 83 (very walkable) Teton Village 5.0 330 No 38 (car- dependent) Park City 11.4 7,962 Yes 78 (very walkable) South Lake Tahoe 10.2 21,593 No 35 (car- dependent) Steamboat 10.1 12,100 Yes 69 (somewhat walkable) Telluride 0.7 2,291 Yes 83 (very walkable) Mountain Village 3.3 1,349 No 26 (car- dependent) Whistler 94.2 9,824 n/a 98 (walker's paradise) Vail 4.5 5,311 No 58 (somewhat walkable) Vail Positioninq 9th of 13 7th of 13 1 of 6 non - Countv seats 7th of 13 Physical Characteristics RRC Associates 7/15/2014 23 Topography/ Historic Defined Pedestrian - Physical Characteristics s slopes Street layout architecture? downtown only mall in core? core? Aspen Flat Grid Yes Yes Yes Snowmass Very steep inclines Non -grid No 3 nodes Yes Beaver Creek Terraced Non -grid No Yes Yes Breckenridge Flat to moderate inclines Grid Yes Yes No Jackson Flat Grid Yes Yes No Teton Village Mix of flatlinclines Non -grid No No No Park City Moderate inclines Grid Yes Yes No Steamboat Downtown flat; ski base slight Downtown grid; Yes Downtown yes; ski area work in No inclines ski base non -grid progress Telluride Flat Grid Yes Yes No Mountain Village Core flat; outlying rolling Non -grid No Yes, but with Yes issues Whistler Flat Non -grid No Yes Yes Vail Flat Non -grid No Yes Yes 1 of 6 with non- 1 of 6 without Joins majority in 1 of 6 with Vail Positioning 1 of 5 with all flat topography grid historic having a pedestrian - architecture downtown core only core RRC Associates 7/15/2014 23 Resident Demographics Skews Smallest % 2nd highest % 41h of 11 10th of 11 2nd of 10 8th of 10 8th of 11 Vail Positioning most male under 18 of 65 & over Retail Metrics (please refer to the sales tax appendix for additional information) Retail Metrics Retail sq. ft.' Sales tax rate$ Summer Winter taxable sales9 taxable sales10 Aspen 600,000 9.3% $241,904,714 $313,199,190 Snowmass 140,000 10.4% % Language $120,964,200 Beaver Creek 134,000 9.99% $24,854,411 $110,132,187 % with 650,000 8.275% $139,467,882 Male: Jackson n/a 6.0% Average $135,656,333 % Other than Resident $43,632,150 % Under Park City 1,000,000 7.95% Bachelor's $466,045,600 Steamboat n/a Female $183,055,067 % 65 & over % 25 -34 Family Foreign English Demographics' 18 years Degree or Ratio Size born Spoken at Higher Home 52.5 %: 11.2% 18.6% 17.0% 2.7 63.8% 9.5% 15.6% Aspen 47.9% 58.4 %: 17.7% 6.5% 11.9% 2.9 53.1% 9.4% 16.6% Snowmass 41.6% 54.2 %: 13.7% 11.4% 30.4% 2.8 57.1% 11.7% 12.3% Breckenridge 45.8% 51.1%: 24.7% 4.7% 22.2% 3.8 39.2% 19.0% 29.8 /° ° Jackson 48.9% 53.7 %: 23.1% 4.8% 49.7% 3.0 87.6% 0.0% 0.0% Teton Village 46.3% 49.3 %: 23.4% 7.0% 15.6% 3.0 54.9% 18.4% 18.0% Park City 50.7% South Lake 51.9: %: 21.6% 10.1% 14.6% 3.2 20.8% 21.4% 35.3% Tahoe 48.1% 51.2 %: 18.4% 8.8% 16.2% 2.8 55.6% 5.3% 6.1% Steamboat 48.8% 55.6 %: 17.2% 2.7% 22.4% 2.6 59.4% 10.8% 8.9% Telluride 44.4% Whistler 54 %: 13.0% 5.2% 28.0% 2.4 n/a n/a 9.4% 46% 58.5 %: 7.7% 16.6% 25.1% 2.5 65.6% 8.8% 9.4% Vail 41.5% Skews Smallest % 2nd highest % 41h of 11 10th of 11 2nd of 10 8th of 10 8th of 11 Vail Positioning most male under 18 of 65 & over Retail Metrics (please refer to the sales tax appendix for additional information) Retail Metrics Retail sq. ft.' Sales tax rate$ Summer Winter taxable sales9 taxable sales10 Aspen 600,000 9.3% $241,904,714 $313,199,190 Snowmass 140,000 10.4% $32,551,500 $120,964,200 Beaver Creek 134,000 9.99% $24,854,411 $110,132,187 Breckenridge 650,000 8.275% $139,467,882 $243,450,219 Jackson n/a 6.0% $232,605,750 $135,656,333 Teton Village n/a 6.0% $43,632,150 $50,418,550 Park City 1,000,000 7.95% $223,519,797 $466,045,600 Steamboat n/a 8.65% $183,055,067 $229,266,756 Telluride 205,135 8.4% $55,754,489 $52,443,000 Mountain Village 24,000 8.4% n/a n/a Whistler 768,000 12.0% n/a n/a Vail 630,000 8.4% $156,080,575 $372,206,450 Vail Positioning 4th of 9 5th lowest of 12 5th of 10 2nd of 10 RRC Associates 7/15/2014 24 Dining & Shopping Characteristics Dining & Number of Number of AAA -Rated Number of Total Number of Shopping" Restaurants" Restaurants" S orres14 Entertainment/Amusement Establishm nts15 one - diamond: 0, two - diamond: Aspen 52 7, three - diamond: 14, four- 60 36 P diamond: 2, five - diamond: 0 one - diamond: 0, two- diamond: Snowmass 13 0, three - diamond: 4, four- 7 4 diamond: 0, five - diamond: 0 (4 total) one - diamond: 0, two - diamond: Beaver Creek 28 1, three - diamond: 2, four- 15 13 diamond: 4, five - diamond: 0 (7 total) one - diamond: 0, two- diamond: Breckenridge 49 14, three - diamond: 6, four- 40 27 diamond: 0, five - diamond: 0 one - diamond: 2, two- diamond: Jackson 43 14, three - diamond: 7, four- 35 53 diamond: 1, five - diamond: 0 one - diamond: 0, two - diamond: Teton Village 10 2, three - diamond: 4, four- 2 5 diamond: 1, five - diamond: 1 (7 total) one - diamond: 1, two- diamond: Park City 79 14, three - diamond: 13, four- 90 50 diamond: 6, five - diamond: 0 RRC Associates 7/15/2014 25 one - diamond: 2, two - diamond: Steamboat 50 11, three - diamond: 5, four- 28 34 diamond: 0, five - diamond: 0 (18 total) Telluride/ one - diamond: 1, two - diamond: Mountain 26 4, three - diamond: 6, four- 14 20 Village diamond: 1, five - diamond: 0 (12 total) Whistler 67 n/a n/a n/a one - diamond: 0, two - diamond: Vail 37 3, three - diamond: 4, four- 37 15 diamond: 1, five - diamond: 0 (8 total) Vail Positioning 7m of 11 8th of 10 4th of 10 7th of 10 RRC Associates 7/15/2014 25 Economic Characteristics of Residents RRC Associates 7/15/2014 26 % of Residents Median Per %with employed in arts, Economic household capita % Mean Health Type and % Most entertainment, Characteristics' s income income Unemployed commute Insurance Common Occupation recreation, *In us time Coverage accommodation, Dollars and food services industry Management, business, $71,284 $64,120 4.9% 12.9 min 87.2% science, and arts 27.2% Aspen 35.4% Management, business, $74,848 $52,411 3.8% 16.0 min 82.9% science, and arts 31.0% Snowmass 44.9% $56,194 $31,243 4.9% 13.2 min 77.2% Service 39.3% Breckenridge 28.7% Management, business, $53,974 $28,692 3.1% 13.6 min 68.5% science, and arts 27.3% Jackson 34.9% Management, business, $43,839 $63,846 0.0% n/a 80.3% science, and arts 56.6% Teton Village 73.7% $70,662 $46,473 2.9% 16.8 min 74.8% Service 32.9% Park City 31.2% South Lake Tahoe $41,445 $22,829 8.4% 14.3 min 78.2% Service 39.2% 43.1% Management, business, $64,400 $38,301 5.2% 13.2 min 84.6% science, and arts 23.5% Steamboat 38.9% Management, business, $64,189 $49,904 4.6% 13.0 min 78.5% science, and arts 33.0% Telluride 36.2% Whistler n/a $28,437 n/a n/a n/a n/a n/a Management, business, $70,332 $72,129 5.0% 17.2 min 90.9% science, and arts 31.8% Vail 39.5% 8th of 10 Longest 3rd highest P hest occu ational 4th of 10 1St of 11 (from lowest to commute 1 St of 10 share of 10 6th of 10 Vail Positioninq hiqhest %) time RRC Associates 7/15/2014 26 Visitor Characteristics Visitor Characteristics Visitors with children ( %)II % First -time visitors (summer)" Average nights of stay in summer" Average nights of stay in winter2 Aspen 36% 27% 5.0 6.0 Snowmass 41% 30% 9.5 n/a Breckenridge 36% 23% 5.5 n/a Jackson Hole n/a 67% 6.5 6.1 Park City 64% 47% 5.6 5.9 Whistler 22% 32% (winter) 3.6 5.9 Vail 41% 19% 6.0 6 Vail Positioning 2nd of 6 Highest repeat percentage 3rd of 7 2nd of 5 RRC Associates 7/15/2014 27 Arts /Culture Arts /Cultural Number of Art Number of Movie Number of Amenities Arts /cultural amenities21 Galleries" Theaters23 Signature Events2a Aspen Art Museum, Aspen Music Festival and School, Aspen Santa Aspen P Fe Ballet, Benedict Music Tent, 27 2 12 Holden - Marolta Mining and Ranching Museum, Theatre Aspen, Wheeler Opera House Snowmass Anderson Ranch Arts Center 1 0 16 Beaver Creek Vilar Performing Arts Center 3 0 14 Arts District, Barney Ford House Museum, Edwin Carter Museum, Breckenridge Mountain Top Children's Museum, 12 1 8 Riverwalk Center, Summit Ski Museum Jackson Hole Center for the Arts, Jackson Jackson Hole Historical Society & 29 2 10 Museum, National Museum of Wildlife Art Teton Village Walk Festival Hall 1 0 3 Egyptian Theater, Kimball Art Park City Center, Park City Performing Arts 18 2 12 Foundation /Eccles Center Center for Visual Arts, Steamboat Steamboat Art Museum, Strings Music 9 1 8 Pavilion, Tread of Pioneers Museum Ah Haa School for the Arts, Telluride Sheridan Opera House, Telluride 9 1 21 Historical Museum Maurice Young Millennium Place, Whistler Squamish Lil -Wat Cultural Centre, 9 1 18 Whistler Museum Gerald R. Ford Amphitheatre, Vail Colorado Ski Museum, Nature 17 1 16 Center and Alpine Garden Vail Positioning Lacks a true art facility 4th of 11 1 of 8 with a movie 2nd of 11 theater RRC Associates 7/15/2014 28 Environment/Sustainability Environment25 Environmental initiatives Town: Aspen Institute, Aspen Center for Environment Studies, Municipal Renewable Energy Program, free public transit and carshare program, adoption of the Renewable Energy Mitigation Program, Canary Initiative, Aspen Zgreen Resort: Aspen /Snowmass has 4 LEED- certified buildings, 147 kW Colorado Rocky Mountain School solar array, partnership with Elk Creek coal mine, Holy Cross Energy, and Vessels Coal Gas on project to capture waste methane, 115 KW micro - Aspen hydroelectric plant on Snowmass Mountain, plan to reduce carbon emission by 25% by 2020, Environment Foundation Town: Environmental Advisory Board, TOSV Sustainability Plan, Renewable Energy Offset Program, collaboration with Climate Mitigation Services through completion of Carbon Footprint Report, free village -wide shuttle Snowmass Resort: See above Resort: Planning of resort development took into account fish and wildlife protection as well as traffic management, recycling Beaver Creek program Resort: Breckenridge has increased efficiency of its snowmaking and developed a Mountain Drainage Plan, recycling program, partner of the Natural Resources Defense Council and NSAA in the Keep Winter Cool Campaign Town: Disposable bag fee, SustainableBreck plan, SustainableBreck Business Certification Program, Community Solar Gardens, McCain Master Plan, Town of Breckenridge Open Space Advisory Commission, Blue River Restoration, free transit Breckenridge system with electric and hybrid vehicles, Green Team, free parking for vehicles with 4 or more individuals Town: 10x10 resolution (program committed to reducing electricity and fuel used in government operations), 40x20 initiative Jackson/ (program to increase energy efficiency), Energy Conservation Works, Town of Jackson Idle Free, free within town bus Teton Village Resort: ISO 14001 certification, support for the NSAA Sustainable Slopes Charter Town: free shuttle, Environmental Sustainability Team, Anti - Idling Ordinance, carshare program, Community Carbon Emissions Inventory, Swaner Preserve and EcoCenter, Uinta Headwaters Resource Conservation & Development Council, Park City Environmental Plan, renewable energy projects, Clean Air Park City, Mountain Trails Foundation Resort: PCMR —all lodges use efficient lighting, waterless urinals, low -flow faucets, and energy star appliances, efficient snowmaking equipment, solar and wind - powered chairlifts, purchase wind power to annually offset 100% of electrical consumption; Deer Valley— Sustainable Slopes participant, forest management plan, recycling program, supporter of Summit Land Conservancy; Canyons — Sustainability Task Force, recycling program, member of Sustainable Slopes Program, Park City participant in Rocky Mountain Sky Blue program, supporter of Recycle Utah Town: GOLD level Bicycle Friendly Community, Steamboat Sustainable Business Consortium (comprised of over 80 local businesses), Yampa Valley Sustainability Council, Green Building Program, Sustainability Management Plan, Yampatika, Resort: Close partnership with the USFS, sold -waste recycling, environmental chairlifts, purchase of renewable energy to offset more than 3 percent of total electricity requirements, greenhouse gas emission reduction program, recognition by the Green -e Renewable Energy Certification Program, recycling program, water conservation program, free shuttle service, free parking for vehicles with 3 more individuals, Carpenter Ranch /Nature Conservancy Project, Tree Planting Project, Butcherknife Steamboat Creek Rehabilitation Town: Valley Floor purchased as protected Open Space, EcoAction Partners, Green Fund, Green Building & Energy Efficiency Standards required for all new buildings, goal of generating 100 percent of electricity from renewable sources by 2020, Environmental Protection Agency Green Power Partner, solar panels operate the regional wastewater treatment plant, energy Telluride/ rebate and discount program, reusable bag program Mountain Resort: Watershed protection program, free Gondola transportation system, member of San Miguel Recycling Task Force, Village solar and wind power usage Town: Whistler2020 environmental initiatives, Lower Cheakamus Neighbourhood District Energy System, Hydrogen Bus Fleet, Whistler Green, Partners for Climate Protection Program, AWARE, , Environmental Tourism Awards, LEED gold certified Whistler Library, Fitzsimmons Creek Renewable Energy Project Resort: Zero Operating Footprint, Habitat Improvement Team, Employee Environmental Fund, winner of Canada's Greenest Employer Award past 3 years Town: Town of Vail Environmental Team, , recycling law and rebate program, free bus service Resort: Largest ski area recycling program, solar panel installation on- mountain, partnership with the White River National' Forest to mitigate pine beetle infestation, Echo program, Epic Discovery summer program and partnership with the Nature Conservancy, partnerships with National Forest Foundation and The Tahoe Fund, free parking for vehicles with 4 or more Vail individuals Vail Positioning Both the Town and Resort are competitive in their attention to environmental issues RRC Associates 7/15/2014 29 Higher Education Beaver Creek Distance to Nearest community y istance Higher Education Nearest university26 Enrollment27 nearest colle e29 g Enrollment30 to nearest University uniyersit 28 128 mins CC31 Colorado Mesa Aspen 129 miles 9'369 Colorado Mountain 30 miles 2,300 University 130 mins College- Carbondale 40 mins Snowmass Colorado Mesa 9,369 127 miles Colorado Mountain 2,300 28 miles Universitv 128 mins Colleae- Carbondale 38 mins Beaver Creek Colorado Mesa 9,369 139 miles Colorado Mountain 3,800 6 miles University 128 mins College- Edwards 13 mins Breckenridge Colorado School of 5,387 72 miles Colorado Mountain 1,600 4 miles Mines 74 mins College- Breckenridge 8 mins Jackson Idaho State University 12,543 140 miles Central Wyoming College- 2,351 0.3 mile 147 mins Jackson (all campuses) 2 mins Teton Village Idaho State University 12,543 141 miles Central Wyoming College- 2,351 12 miles 148 mins Jackson (all campuses) 21 mins Park City University of Utah 30,819 26 miles Salt Lake Community 30,100 34 miles 33 mins College 37 mins South Lake Tahoe California State 27,033 97 miles Lake Tahoe Community 2,909 1 mile University- Sacramento 110 minutes College 2 mins Steamboat University of Wyoming 13,929 124 miles Colorado Mountain 23,000 1 mile 137 mins College- Steamboat (all campuses) 4 mins Telluride Fort Lewis College 4,065 112 miles Southwest Colorado 7,943 110 miles 133 mins Community College (all campuses) 130 mins Mountain Village Fort Lewis College 4,065 109 miles Southwest Colorado 7,943 107 miles 129 mins Community College (all campuses) 126 mins Whistler Quest University 425 36 miles Vancouver Community 25,000 81 miles 60 mins College 114 mins Vail Colorado School of 5,387 88 miles Colorado Mountain 3,800 14 miles Mines 83 mins College- Edwards 15 mins Vail Positioning CSM ranks #91 in the 8th of 10 41h closest of CMC ranks #1733 Medium -sized 7th closest nation 13 enrollment of 13 RRC Associates 7/15/2014 30 Proximity to Population Centers Proximity to Population Centers p Nearest Major Cit 34 y Driving distance miles 35 Driving distance time 3s Nearest resort mountain competitor 37 Aspen Denver 159 186 mins Snowmass Snowmass Denver 167 204 mins Aspen Beaver Creek Denver 109 109 mins Vail Breckenridge Denver 81 86 mins Keystone, Copper Mountain Jackson Salt Lake City 280 265 mins Grand Targhee Teton Village Salt Lake City 305 285 mins Grand Targhee Park City Salt Lake City 32 36 mins Snowbird /Alta, Solitude /Brighton, Sundance, Snowbasin Steamboat Denver 156 161 mins Winter Park South Lake Tahoe Reno 62 69 mins Heavenly, Sierra -at- Tahoe, Northstar, Kirkwood, Squaw /Alpine Telluride Denver 330 350 mins Purgatory Mountain Village Denver 331 347 mins Purgatory Whistler Vancouver 77 114 mins Grouse Mountain Vail Denver 97 104 mins Beaver Creek Vail Positioning 1 of 8 in near Denver 6th closest of13 4th closest of 13 Nearest resort is complementary RRC Associates 7/15/2014 31 Air Travel (please refer to the air transportation appendix for additional data) RRC Associates 7/15/2014 32 Summer Winter Departing Air Travel Nearest enplanements enplanements Flights Average Top Carrier Strongest Markets airport38 at nearest t crest Airfare42 and Share43 (in order)44 (2013)41 ai Denver, Los Angeles, Aspen /Snowmass ASE 79,892 123,404 4,454 $719.06 SkoyWest Chicago, Houston, 93% Dallas, San Francisco, Atlanta Phoenix, Los Angeles, Las Vegas, San Breckenridge DEN 12,965,907 11,527,848 282,850 $328.11 Southwest Francisco, Dallas, 27% Seattle, Minneapolis, Salt Lake City, Houston, Atlanta Denver, Salt Lake City, Chicago, Dallas, Jackson / JAC 186,133 106,756 3,523 $661.07 United Atlanta, Los Angeles, Teton Village 35% Minneapolis, San Francisco, Houston, Newark Denver, Phoenix, Los Delta Angeles, Atlanta, Park City SLC 5,241,822 4,821,254 118,222 $413.20 46% Seattle, Las Vegas, Dallas, New York, Portland, Minneapolis Steamboat HDN 16,709 76,046 1,918 $602.78 Republic 39% Denver Las Vegas, Phoenix, Southwest Los Angeles, Denver, Tahoe RNO 887,086 786,099 21,653 $346.68 51% Salt Lake City, Seattle, San Francisco, Portland, San Diego Telluride/ TEX 2,459 3,198 735 $663.25 Great Lakes Denver Mountain Village 100% Whistler YVR 9,787,777 8,053,080 n/a n/a n/a n/a Dallas, Denver, Atlanta, Vail/ American Miami, Houston, Beaver Creek EGE 29,795 137,046 1,946 $591.72 55% Chicago, New York, Newark, Los Angeles, Minneapolis 4th 7th most 5th most 6th most 4th most Vail Positioning closest to enplanements enplanements departing affordable Only American Broad geographic airport of of 9 of 9 flights of 8 airfare hub of comp set access 9 of 8 RRC Associates 7/15/2014 32 Mountain Stats Mountain Aspen/ Beaver Jack - Breck son Park City Steam- Tellu- Whist- Vail Tahoe Vail Stat$45 Snowmass Creek Hole boat ride ler position Days open (C): 136 (A): 143 (for skiing 180 days 145 171 129 (DV): 128 138 130 (S): 152 182 150 5th of 14 and riding) (PC): 149 (N): 150 2014115 459" (DV): 300" Average (C): 355" (A): 450" annual 300" 325" 366" 459" (DV): 300" 349" 309" (S): 450" 462" 350" 8th of 14 snowfall (PC): 365" (N): 350" 7,870 12th of Base (Buttermilk- (C):6,800 (A):6,835 14 elevation lowest 8,100 9,600 6,311 (DV): 6,570 6,900 8,725 (S):6,200 2,214 8,120 (lowest elevation) (PC): 6,900 (N): 6,330 to highest) 12,510 (C): 9,990 (A): 8.637 4th of 14 Summit (Snowmass- 11,440 12,998 10,450 (DV): 9,570 10,568 13,150 (S):9,050 7,494 11,570 (highest elevation highest (PC): 10,000 (N):8,610 to elevation) lowest) Vertical 4,406 (Snowmass- (C): 3,190 (A): 1,802 drop largest 3,340 3,398 4,139 (DV): 3,000 3,668 4,425 (S): 2,850 5,280 3,450 6th of 14 vertical drop) (PC): 3,100 (N):2,280 Skiable 5,533 (all four (C): 4,000 (A): 2,400 Acres mountains) 1,832 2,908 2,500 (DV): 2,026 2,965 2,000 (S): 3,600 8,171 5,289 3rd of 14 (PC): 3,300 (N): 3,170 Hourly lift 31,080 (C): 32,700 (A): 16,000 capacity (people per (Snowmass- max. lift 34,220 42,880 17,833 (DV): 50,470 41,465 22,386 (S): 49,000 67,307 59,069 2nd of 14 hour) capacity) (PC): 31,000 (N): 34,799 Number of skier visits 1.3 1.0 1.5 0.5 (combined) 1.0 0.4 n/a 2.1 1.6 2nd of 11 (millions)41 RRC Associates 7/15/2014 33 RRC Associates 7/15/2014 34 TAIL COMPETITITE ASSES61MERT —JILT 2014 Lifts Type of Aspen/ Beaver Breck Jackson Park City Steamboat Tellu- Tahoe Vail Whistler Lifts47 Snowmass Creek Hole ride Ski /Snowboard 8 0 0 0 0 0 0 0 0 0 School Lift Carpet/Surface 0 2 14 1 (C): 2 2 4 (A)' 2 (S):5 9 15 Lift (PC):3 (N): 7 Ropetow 0 0 0 0 0 0 0 0 0 0 T -Bar 2 0 0 0 0 0 0 0 0 0 (C): 2 (A): 5 Double 7 2 6 2 (DV):2 2 2 (S):5 1 0 (PC): 2 High -Speed 1 0 0 0 0 0 0 0 0 0 Double (C): 2 (A): 3 Triple 2 2 1 1 (DV):5 6 2 (S):9 2 5 (PC): 7 (N): 2 High -Speed 0 0 0 0 0 0 0 0 0 0 Triple Quad 0 0 0 7 �C) :51 1 1 (N)':1 1 0 High -Speed (C): 6 (A): 2 Quad 14 10 9 0 (DV): 12 5 7 (S):3 16 13 (PC): 3 (N): 1 Six - Passenger 0 0 0 0 0 0 0 0 0 0 High -Speed 1 0 3 0 (C): 1 1 0 (A): 1 (S):4 0 0 Six - Passenger (PC):4 (N): 7 Eight- 0 0 0 0 0 0 0 0 0 0 Passenger Gondola /Tram 3 2 1 2 (C)' 3 1 2 (S)' 2 2 4 (DV): 1 (N): 2 Railway 0 0 0 0 0 0 0 0 0 0 Canyons: 21 Alpine: 13 Total Lifts 38 18 34 13 Deer Valley: 21 18 18 Squaw: 29 31 37 Park City: 19 Northstar: 20 Vail Positioning: 4th of 14 RRC Associates 7/15/2014 34 Lodging (please refer to the lodping appendix for additional data) Lodging Lodging tax rate48 Number of rooms49 Aspen 11.3% 2,304 Snowmass 12.8% 1,824 Beaver Creek 10.99% n/a Breckenridge 11.675% 3,516 Jackson /Teton Village 6.0% 4,561 Park City 10.95% 6,237 South Lake Tahoe 10.0% 9,139 Steamboat 11.65% 1,899 Telluride 12.4% n/a Truckee 10.0% 650 Whistler 10.0% 8,000 Vail 9.8% 3,954 Vail Positioning 2nd lowest of 12 5th of 10 Hotel Ratinas (AAA) Aspen 4 6 2 1 13 Snowmass 1 3 -- -- 4 Beaver Creek -- 1 2 1 4 Breckenridge -- 3 5 -- -- 8 Jackson 4 9 11 2 -- 26 Teton Village -- -- 2 3 1 6 Park City - 4 8 5 1 18 Steamboat - 12 6 -- -- 18 Telluride/ Mountain Village -- 4 3 -- 7 Vail 9 6 -- 15 Vail Positioning 41" of 10 resorts in total # of rated hotels RRC Associates 7/15/2014 35 Comparative Table Sources 12014 Google map data; rockiesguide.com for Beaver Creek data; whistler.ca /about for Whistler data 2 2010 U. S. Census data (2013 estimate where applicable); rockiesguide.com for Beaver Creek population; whistler. ca /about for Whistler population 3 RRC Associates 4 www.walkscore.com 5 RRC Associates 6 2012 American Community Survey 5 -Year Estimates; 2011 Canadian Census and whistler. ca /about for Whistler data 7 Thomas Consultants Resort Analog (2007); Retail Market Study prepared for Park City Municipal Corporation by Design Workshop (2011) 8 Town websites 9 Sales tax data compiled from Town websites for Aspen, Beaver Creek, Breckenridge, Park City, Snowmass, Steamboat, and Vail and represent aggregate sales from May through October 2013; data for remaining communities taken from Mountain Communities Report (2011112) and represent aggregate sales from May through October 2012 10 Sales tax data compiled from Town websites for Aspen, Beaver Creek, Breckenridge, Park City, Snowmass, Steamboat, and Vail and represent aggregate sales from November 2012 through April 2013; data for remaining communities taken from Mountain Communities Report (2011112) and represent aggregate sales from November 2011 through April 2012 11 Resort and DMO websites 12 2010 Economic Census Data; Whistler counted from business directory; Avon used for Beaver Creek data 13 AAA TourBook Guide: Colorado & Utah; AAA TourBook Guide: Idaho, Montana, & Wyoming 14 2010 Economic Census Data; Avon used for Beaver Creek data 15 2010 Economic Census Data; Avon used for Beaver Creek data 16 2012 American Community Survey 5 -Year Estimates; whistler2020. ca for Whistler data 17 Aspen Chamber Resort Association Summer Visitor Survey (2010 & 2012), Breckenridge Resort Chamber Summer Visitor Survey (2011), Park City Economic Profile (2008), Town of Vail 2012 Summer Intercept Final Report 18 Aspen Chamber Resort Association Summer Visitor Survey (2010 & 2012), Breckenridge Resort Chamber Summer Visitor Survey (2011), Park City Economic Profile (2008), Town of Vail 2012 Summer Intercept Final Report, Breckenridge data is just overnight visitors 19 Aspen Chamber Resort Association Summer Visitor Survey (2010 & 2012), Breckenridge Resort Chamber Summer Visitor Survey (2011), Park City Economic Profile (2008), Town of Vail 2012 Summer Intercept Final Report 20 Whistler 2020 website, Vail Valley Partnership Lodging Quality Assurance bi- annual newsletter (2007) 2' Resort and DMO websites 22 DMO websites 23 www.hollywood.com theater location zip code search 24 Resort and DMO websites; RRC Associates 25 Resort and DMO websites 26 www.colleges - near.me.com 27 University websites and www.cappex.com 28 Google maps used to determine mileage and driving time 29 www.colleges - near.me.com 30 University websites and cappex.com 31 Google maps used to determine mileage and driving time 32 According to U.S. News rankings 33 According to CNN Money 34 RRC Associates 35 Google maps 36 Google maps 37 RRC Associates 38 RRC Associates 39 Transtats.bts.gov, Whistler data from yvr.ca; Summer is May through October 2013 40 Transtats.bts.gov, Whistler data from yvr.ca; Winter is November 2012 through April 2013 41 Transtats.bts.gov 42 Transtats.bts.gov 43 Transtats.bts.gov 44 Transtats.bts.gov, strongest market defined by top destination airports 45 Resort websites; opening and closing dates from resort website and www.timeanddate.com used to calculate total number of days open; (Ajax opened on November 28, 2013 and May 27 was the closing date) RRC Associates 7/15/2014 36 46 Aspen /Snowmass: aspentimes.com (2011 -12); Beaver Creek: news .beavercreek.vailresorts.com (2009- 2010); Breckenridge: resort website (2011 -12); Jackson Hole: insidesocal.com (2013 -14); Park City: bitterrootresort.us (2011 -12); Steamboat: steamboattoday.com (2011 -12); Telluride: resort website (2006 -7); Vail: VVF website (2010- 2011); Whistler: ca.hotstocked.com (2011 -12) 47 Resort websites 48 Town websites 49 MTrip; Smith Travel Research; Town of Breckenridge 50 Resort and DMO websites RRC Associates 7/15/2014 37 Vail C&p ASS ep '1ATES SM Town of Vail Council Retreat 711512014 7/15/2014 APPENDIX OUTLINE - Population projections Skier visitatr�., patterns - LU%Agi ng Sales tax — Town of Va i I Sales tax — Va i I vs. competitive set - Employment & establishments Real estate Vail & Vail vs. competitive set summer visitation - Ll■■ trnncnnrfA ■;r %w 7/15/2014 2 N N C 0 cv 3 Q. 0 a a� c� E N W 100,000 90,000 80,000 70,000 60,000 5 50,000 40,000 30,000 20,000 10,000 0 2! Population Projections by County, 2014 -2040 10 -yr increase: 14,360 (26 %) r 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Source: CO State Demographer; RRC Associates. 7/15/2014 Year 9,000,000 8,000,000 7,000,000 O 6,000,000 C O .w to CL 5,000,000 5, O a 4,000,000 E H W C 111 111 2,000,000 1,000,000 Colorado Population Projections, 2014 -2040 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Source: CO State Demographer; RRC Associates. No 7/15/2014 Year 75+ 65 -74 55 -64 45 -54 35 -44 a 0 22 -34 Q) oa a 18 -21 13 -17 11 -12 6 -10 0 -5 Population Age Pyramid of Eagle County in 2024 8,000 6,000 4,000 2,000 00 2,000 4,000 6,000 8,000 Population Source: CO State Demographer; RRC Associates. 7/15/2014 75+ 65 -74 55 -64 45 -54 35 -44 CL 0 c� 22 -34 a on 18 -21 13 -17 11 -12 6 -10 0 -5 Population Age Pyramid of Pitkin County in 2024 3,000 2,000 1,000 00 1,000 2,000 3,000 Source: CO State Demographer; RRC Associates. 7/15/2014 Population 75+ 65 -74 55 -64 45 -54 35 -44 CL M 0 c� 22 -34 v an a 18 -21 13 -17 11 -12 6 -10 0 -5 Population Age Pyramid of Summit County in 2024 6,000 4,000 2,000 00 2,000 4,000 6,000 Source: CO State Demographer; RRC Associates. 7/15/2014 Population jr7MV APPENDIX OUTLINE - Skier visitation patterns - *1�400ic �%;Allw — wt w" of Vail sa les tax — Va i I vs. corn petitive set - Employment & establishments - Real estate - Vail & Vail vs. competitive set summer visitation - AL*W tr,-::Pncnnrt!ntinr 7/15/2014 11 Vail's Share of Colorado and U.S. Visits: 2001/2002 to 2011/2012 2001 -2002 2002 -2003 2003 -2004 2004 -2005 2005 -2006 2006 -2007 2007 -2008 2008 -2009 2009 -2010 2010 -2011 2011 -2012 7/15/2014 9 16.0% 0 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 14.5' .8% Vail's Share of Colorado Visits Vail's Share of U.S. Visits 2001 -2002 2002 -2003 2003 -2004 2004 -2005 2005 -2006 2006 -2007 2007 -2008 2008 -2009 2009 -2010 2010 -2011 2011 -2012 7/15/2014 9 16.0% 0 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 13.8% 13.2% 11.4% Vail, Breckenridge, and Aspen /Snowmass's Share of Colorado and U.S. Visits: 2001/2002 to 2011/2012 —4-- Vail's Share of Colorado Visits fVail's Share of U.S. Visits Breckenridge's Share of Colorado Visits Breckenridges Share of U.S. Visits ,,: Aspen /Snowmass's Share of Colorado Visits Aspen /Snowmass's Share of U.S. Visits 16.0 �♦ 14.5% --1- 14.0% 13.5% 12.1%12.0% 2001 -2002 2002 -2003 2003 -2004 2004 -2005 2005 -2006 2006 -2007 2007 -2008 2008 -2009 2009 -2010 2010 -2011 2011 -2012 7/15/2014 10 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 Benchmarking Resort's Five Season Average Skier /Snowboarder Visits and Five Season Average Share of Home Country's Visitation Resort's 5- Season Average Skier /Snowboarder Visits 1,855,263 1,775,355 Share of Country's Skier /Snowboarder Visits 1 0 1 1,577,386 ,627,008 0 -1 Zermatt Ischgl /Samnaun Silvretta or 3.1% 2.7 V Park City Area Breckenridge 7/15/2014 0 2.8 Vail 1,374,696 Aspen /Snowmass 11 10% 9% 8% L 7% L M 0 6% c a 5% a, Y b. 4% L v a 3% cc 0 2% vi 1% 0% Vail vs. Breckenridge Skier /Snowboarder Visits: 1998/1999 to 2011/2012 oti o'� o°` sp 00 0� o"- & ti° titi titi ti� ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo do do ,yo oy o� °� ti� tia ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo do ,yo ,yo Season 7/15/2014 12 2,000,000 1,800,000 .Y 1,600,000 v L 0 3 0 c 1,400,000 L Qi Y N 1,200,000 1,000,000 Vail vs. Aspen /Snowmass Skier /Snowboarder Visits: 1997/1998 to 2011/2012 1,645,902 1,371,702 1,334,939 1 1,610,961 1,536,0241 1,676,118 I 1,608,204 2,000,000 1,750,000 ; 1,800,000 �A� 1,622,000 1,599,000 1,594,250 1,600,000 L 0 3 0 c 1,400,000 v Y N ti� ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo do do ,yo w � 1 T, do ,yby Season 7/15/2014 13 1,200,000 1,000,000 Vail vs. Park City Skier /Snowboarder Visits: 1998/1999 to 2011/2012 1,645,902 1,371,702 1,334,939 1,610,961 1 JO 1,536,024 1,555,513 1,568,192 �I 2,000,000 ' 1,750,000 1,800,000 1,676,118 1,608,204 1622000 1,599,000 1,594,250 1,569,788 1,600,000 O 3 O r- 1,400,000 - v Y Vail N f Park City Area (The Canyons, Deer Valley, & Park City) 0� 00 Oy Oti 03 Off` Oy Rt 51 s§1 & ti� ,ti0 ,y0 ,y0 ,y0 ,LO ,LO ,LO ,y0 ,y0 ,y0 ,ti0 ,ti0 ,ti0 �� �� 00 ON O'1% O� OA Oy OHO O'� 000 Ooi' �O yti ,04i y°� ,ti0 ,ti0 ,LO ,LO ,y0 ,LO ,LO ,y0 ,y0 ,ti0 IV ,ti0 Season 7/15/2014 14 1,200,000 1,000,000 70,000 L O 60,000 CICv ao c co C 50,000 O L LL 4- O 40,000 E Z T t 30,000 C O v is 20,000 L Q 10,000 5 -Year Averages of Monthly Front Range Visitors at Vail, 2009/10- 2013/14 15,428 October - November December January February March April 7/15/, 14% 12% L O fA N 10% dA C M 0C C OL 8% LL 4- O O L ca s v� 6% 5 -Year Averages of Monthly Market Share of Front Range Visitors at Vail, 2009/10- 2013/14 s c 5.8% O a ai 4% txo ca L i Q 2% 00% 1 October - November December 7/15/2014 January February March April Season -to -Date Market Share of Front Range Visitors at Vail Resorts, 2002/03- 2013/14 V) 2% a� 0% " 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 18% 1, °O 17% 16% 16% 16% 16% 15% - - - _ - 16% �14/° - - 15% 0 -- 14% 0 15/0 14 °1 _ L 14/0 13% k 15% 14% 14% �I 15% o 15/ > U 14% o°JO 12% 13/0 c cv 12% : _ 12% 12% o 12/ 0 10% 11% 11% 11% L- 10% - ao, Vail 9% 9% 0 10/ 9% m o 8% +Beaver Creek EA Y Breckenridge 0 6% Keystone -- a, -- 6% 6% 0 4/0 5/ 5% - 5% 50/ 4% 4% 4% r 4% 0 3% 3% V) 2% a� 0% " 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 APPENDIX OUTLINE - Population projections - Skier visitation patterns - lodging - Sales tax — Town of Va i I - Sales tax — Va i I vs. competitive set - Employment & establishments - Real estate - Vail & Vail vs. competitive set summer visitation _ Air trnncnnrt!ntinr 7/15/2014 70% 60% 50% 40% Winter Paid Occupancy Rate: Vail vs. Western Mountain Resort Aggregate 60.7% 60.7 58.6% 57.5% 54.4% 55.1% 55.8% 54.9% 51.5% 52.8% �52.4�% �Aq . % 41.9 /0 ° 42.2% 43.5% 40.9% 40.9 38.6% 30% _Vail vs. Aggregate (ppt difference) Vail 20% Industry 13.8% 13.5% 13.3% 14.9% 12.6% 14.0% 10/ ° 9.2% 7.9% 9.9% , F�— I k 0% Winter Winter Winter Winter Winter Winter Winter Winter Winter 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 Source: DestiMetrics. 7/15/2014 Summer Paid Occupancy Rate: Vail vs. Western Mountain Resort Aggregate 45% 41.5% 40.4% 41.1 39.4% — 40% 38.0% 37.6% 40.4% 36.1 38.4% 35/0 ° ° 36.3% 32.6/ 30% 32.3% 32.5% 30.5% 25% 28.4% Note: Resorts included in Vail vs. Aggregate (ppt difference) 25.9% aggregate were expanded 20% --o--Vail in summer 2013. 15% +Western Resort Aggregate 10% 5.7% 6.7/0 ° 7.7% 7.1% 8.6% 5% 3.0% 3.0% 0% 0.0% -5% Summer 2006 Summer 2007 Summer 2008 Summer 2009 Summer 2010 Summer 2011 Summer 2012 Summer 2013 Source: DestiMetrics. 7/15/2014 80% 70% 60% 50% m 40% CL 0 30% 20% 10% 0% Occupancy Rate: Vail vs. Other Western Mountain Resorts Source: DestiMetrics. Summer 2013 total Winter 2013/14 total Month of Occupancy 7/15/2014 21 100% 80% 60% CD a 40% a! a U 20% m 0% Winter 2013114 Lodging Occupancy Vail vs. Destimetrics Western Resort Aggregate -20% N N CO N w �J N N 00 N 00 N Co N N CTl N ' 0 C n ' ' Ui N ' ' CJ� N CO ' N C) O O C7 0 0 Z < < 0 Z 0 Z 0 0 0 M CD CD CD CD -n -1 v v -0 D D D M su v 0- CD CD � � n) M M -0 -0 -0 < < < n n n 7 � W w w W w w w w w w 4�, 41 4�, 41 Date Source: DestiMetrics. (Gridlines Aligned with Saturdays) 7/15/2014 22 80% 70% 59.5 60% a, 50% m 50.6% U U c 40% m CL m U U 0 30% 20% 10% 0% Vail Winter 2013/14 Occupancy Rate - by Day of Week 72.6% 73.8% 58.0% 55.7% 54.5% 46.7% 0 47.9% 45.8/ 19.3% Sunday Monday Source: DestiMetrics. 66.3% 60.3% 62.1% 62.9% Percent difference: Vail vs. aggregate Nail winter 2013/14 --*--DestiMetrics Aggregate winter 2013/14 19.1% 21.2% 21.6% 20.4% -, kjv- Tuesday Wednesday Thursday Friday 7/15/2014 18.9% 19.7% Saturday 23 All days Vail vs. DestiMetrics Aggregate 2013 100% =�Vail2013 t DestiMetrics Aggregate 2013 80% 60% 40% a L) Q20% ., 0% -20% Summer 2013 Occupancy Vail vs. DestMetrics Western Resort Aggregate -40% N � N N N M N N w N w -4 N N C57 N -I ' O 00 ' N O 67 y to O D ` ` ` ` ` c D D D D c� Cn U) Cn n O O O Date Source: DestiMetrics. (Gridlines Aligned with Saturdays) 7/15/2014 70% 60% 50% v 40% ca 30% CL U 0 20% 10% 0% Vail Summer 2013 Occupancy Rate - by Day of Week 60.9% 41.8% 38.8/ 38.1% 36. o 37.8 0 38.0% 39.2% IA A -2.6% -10% Sunday Source: DestiMetrics. Monday 0.3% 56.0% 45.3% 44.9% Percent difference: Vail vs. aggregate --*--Vail summer 2013 tDestiMetrics Aggregate summer 2013 10.9% 4.9% 3.8% Tuesday Wednesday Thursday 7/15/2014 Friday Saturday 25 All days $500 $450 $400 $350 $300 $250 $200 $150 $100 $50 $0 Winter Average Daily Rate: Vail vs. Western Mountain Resort Aggregate $402 $415 $364 $363 $369 $305 $287 $294 $311 $306 ®Vail vs. Aggregate ($ difference) --o--Vail --*--Western Resort Aggregate S75 $59 0 Winter 2008/09 Source: DestiMetrics. $75 Winter 2009/10 Winter 2010/11 7/15/2014 $92 0 Winter 2011/12 $109 I $331 $112 Winter 2012/13 Winter 2013/14 Summer Average Daily Rate: Vail vs. Western Mountain Resort Aggregate $200 $gg $1 -66 $158 $158 $158 $150 $169 $173 $150 $155 $153 $157 $141 $100 Vail vs. Aggregate ($ difference) $50 Vail Western Resort Aggregate $0 -$4 $9 -$50 Summer 2008 Source: DestiMetrics. Mr, 17,1 NP41Iov, -$4 i.'i1i Ni M=Z11[17 7/15/2014 -$1 Summer 2011 $2 61017, 11wom- wx11i�►a -$13 Summer 2013 $600 $500 $400 0 a $300 $200 $100 $0 Source: DestiMetrics. ADR: Vail vs. Other Western Mountain Resorts Summer 2013 total Winter 2013/14 total 7/15/2014 Month of Occupancy w APPENDIX OUTLINE - Population projections - Skier visitation patterns - Sales tax — Town of Vail sa les tax — era i I vs. com petitive set - Employment & establishments Real estate - Vail & Vail vs. competitive set summer visitation - d-* �# o- n,c, r%nrt!ntinr 7/15/2014 29 TOV Sales Tax Collections, 1997 -2013 $25 $20 N c 0 ? $15 N r- 0 +r u d 0 V $10 N m N fC c a $5 $0 Source: TOV, Annual Vail Business Review; RRC 7/15/2014 30 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 $25 $20 Z c 0 ?$15 c 0 U v X $10 9 H GJ f6 N fB ' $5 c c Q TOV Sales Tax Collections by Sector, 1997 -2013 $0 -I- Retail Lodging & Food & Beverage Other Total Property Management Source: TOV, Annual Vail Business Review; RRC Associates. 7/15/2014 30% $21.97 . r 20% 10% 0 0 0 N 0% � M 0 N (V -10% c U -20% r -30% -40% 31 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 f13 vs. 08 $3 $2 C O C a, c U $1 X H v M N C� R TOV Sales Tax Collections by Sector, Summer 1997 -2013 33% 32% 40 30% Retail Lodging & Food & Beverage Other Property Management Source: TOV, Monthly Vail Business Reviews; RRC Associates. Summer= May -Oct. 7/15/2014 20% - 10% o 0 N 0% vi rn 0 N $6.40 -10% CU c s -20% -30% -40% -50% TOTAL (x5) 32 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 f13 vs. 08 TOV Share of Sales Tax Collections by Sector, Summer 1997 -2013 50% 45% HIFY, 35% 35% v 0 X 30% 9 25% N i E 20% E z N o 15% v a s L" 10% 5% 23% 0% Retail Lodging & Property Management Source: TOV, Monthly Vail Business Reviews; RRC Associates. Summer= May -Oct. 7/15/2014 Food & Beverage Other 33 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 TOV Sales Tax Collections by Sector, Winter 1995/96- 2013/14 $7 0 30% 'I noi $6 H $5 c 0 $4 0 U GJ uo $3 X 9 tA v to $2 $1 1 1 1111011 Retail Lodging & Prop Food & Beverage Mgt Source: TOV, Monthly Vail Business Reviews; RRC Associates. Winter= Nov -Apr. 7/15/2014 Other TOTAL (x5) 20% 10% 00 0 0 0% d' r-I M -10%_4 a, as c� t -20% U -30% -40% 34 6m 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 (13/14 vs. 07/08 45% 40% 35% c 0 U T 30 0 U X 25% v V) U.., 20 c o 15% v M 1*', 10% 5% 0% TOV Share of Sales Tax Collections by Sector, Winter 1995/96- 2012/13 38% Retail Lodging & Property Food & Beverage Management Source: TOV, Monthly Vail Business Reviews; RRC Associates. Winter= Nov -Apr. 7/15/2014 Other 35 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 50% — 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% TOV Share of Annual Sales Tax Collections Occurring in Summer: by Sector, 1997 -2013 32% 21% 40% 37% 30T. VI Retail Lodging & Food & Property Beverage Management Source: TOV, Monthly Vail Business Reviews; RRC Associates. Summer= May -Oct. 7/15/2014 Other TOTAL Summer 1997 share of Nov 1 -Oct 31 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Summer 2013 share of Nov 1 -Oct 31 36 90% 80% 70% 60% 50% 40 30% 20% 10% TOV Share of Annual Sales Tax Collections Occurring in Winter: by Sector, 1996/97- 2012/13 68% 79% 63% 60% 0% Retail Lodging & Food & Beverage Other Property Management Source: TOV, Monthly Vail Business Reviews; RRC Associates. Winter= Nov -Apr. 7/15/2014 Illelf_v Winter 1996/97 share of Nov 1 -Oct 31 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 Winter 2012/13 share of Nov 1 -Oct 31 37 TOV Retail Sales Tax Collections by Type, 1999 -2013 $3 46% Z c O $2 N C O v OJ O U X H N v M $1 N M 3 C C Q $2.57 Food Liquor Apparel Sport Jewelry Gift Gallery 60 40 00 20% cc N N M 0% N W on r- m M -20% 0 -40 -54% $0.00 -- -60% Other Home Occupation 1999 2000 2001 2002 2003 2004 W01 2005 2006 A 2007 ® 2008 2009 2010 2011 2012 2013 f13 vs. 08 Source: TOV, Annual Vail Business Review; RRC Associates. 7/15/2014 38 $0.75 o $0.50 N C O v G1 O U X P- $0.25 a, �a N $0.00 TOV Retail Sales Tax Collections by Type, Summer 1999 -2013 Food Liquor Apparel Sport Jewelry Gift Gallery Other Home 1999 2000 2001 2002 2003 IIIIIIIII■ 2004 2005 IIIIIIIII■ 2006 IIIIIIIII■ 2007 2008 2009 IIIIIIIII■ 2010 2011 IIIIIIIII■ 2012 IIIIIIIII■ 2013 -6-13 vs. 08 Source: TOV, Annual Vail Business Review; RRC Associates. Summer = May -Oct. 7/15/2014 39 60% 40% 20% o N N M 0% N W tw C s -20% XO -40% -60% 50% 45% 0 40% u v 0 35% X H v 30% 25% a� a� 20% E E 15% 0 P s 10% LA 5% P TOV Share of Retail Sales Tax Collections by Type, Summer 1999 -2013 26% 17% 8% I� &Mhh% l &--Mmdffid 1 .tr% Food Liquor Apparel Sport Jewelry Gift Gallery Other Home Occupation 1999 2000 2001 2002 2003 2004 i10 2005 M2006 2007 02008 2009 2010 2011 2012 2013 Source: TOV, Annual Vail Business Review; RRC Associates. Summer= May -Oct. 7/15/2014 HE $2 N c 0 N C 0 v O v $ 1 X 9 N CU M I TOV Retail Sales Tax Collections by Type, Winter 1998/99- 2012/13 - 32% 40 $0.31 0 Food Liquor Apparel 1 $0.14 Sport Jewelry Gift 30% 00 20% 0 9% 9% °o 10% N 0% M CD N -10% $0.62 s -20% -31% -30% $0.05 $0.04 $0.00 -40% Gallery Other Home Occupation 1998/99 1999/00 2000/01 2001/02 2002/03 2003/04 ® 2004/05 2005/06 — 2006/07 OWN 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 (13/14 vs. 07/08 Source: TOV, Annual Vail Business Review; RRC Associates. Winter= Nov -Apr. 7/15/2014 41 50% 45 0 40% +� U OJ 0 35% U X H 30 v v7 c� 25% a, CC 20% c 15% 0 P M 10% t 5% 0% TOV Share of Retail Sales Tax Collections by Type, Winter 1998/99- 2012/13 Food Liquor Apparel Sport Jewelry Gift Gallery Other Home Occupation 1998/99 ■ 1999/00 2000/01 ■ 2001/02 ■ 2002/03 ■ 2003/04 ■ 2004/05 ■ 2005/06 ■ 2006/07 —2007/08 2008/09 ■ 2009/10 2010/11 ■ 2011/12 ■ 2012/13 Source: TOV, Annual Vail Business Review; RRC Associates. Winter= Nov -Apr. 7/15/2014 42 70% CU E E cn 60% c an c 50% U U r� a- 40% 0 U v c 30% U ca o°JC 20% M C Q 10% 0 v t 0% TOV Share of Annual Retail Sales Tax Collections Occurring in Summer: by Type, 1999 -2013 i Food Liquor Apparel Sport Jewelry Gift Gallery 43 Other Home Occupation Summer 1999 Share of Nov 1 -Oct 31 2000 2001 2002 2003 ■ 2004 2005 02006 ■ 2007 2008 2009 2010 2011 2012 Summer 2013 Share of Nov 1 -Oct 31 Source: TOV, Annual Vail Business Review; RRC Associates. Summer = May -Oct. 7/15/2014 43 100% 90% A 80% 70% I 60% t 50% i f 40% i 30% r 20% 10% s i 0% TOV Share of Annual Retail Sales Tax Collections Occurring in Winter: by Type, 1998/99- 2012/13 65% Food Liquor Apparel Sport Jewelry Gift Gallery Other Home Occupation ■ Winter 1998/99 Share of Nov 1 -Oct 31 1999/00 ■ 2000/01 ■ 2001/02 2002/03 ■ 2003/04 ■ 2004/05 ■ 2005/06 —2006/07 ■ 2007/08 2008/09 2009/10 2010/11 2011/12 Winter 2012/13 Share of Nov 1 -Oct 31 Source: TOV, Annual Vail Business Review; RRC Associates. Winter= Nov -Apr. 7/15/2014 ii tA C 0 TOV Sales Tax Collections by Neighborhood, 2009 -2013 $4.0 $3.61 $3.66 $3.5 $3.0 $2.5 c $2.0 -W U W U $1.5 X H ji $1.0 V) m $0.5 a $0.0 Retail Lodging F & B Vail Village Other Retail Lodging F & B Other Lionshead 23 $0.68 mm"I'mm No No Retail Lodging F & B Other Cascade Village /East Vail /Sandstone /West Vail 2009 2010 2011 ■ 2012 ■ 2013 Source: TOV, Annual Vail Business Review; RRC Associates. 7/15/2014 1.63 $0.98 IIIII $0.20 IIIII 1 _$0.01 Retail Lodging F & B Other Out of town 45 60% 50% V) v m v7 a 40% m X H c 30% Q C 20% v L 10% 0% TOV Neighborhood Share of Total Taxable Sales, 2007 -2013 21% 11111 1111111 1111111 18% Vail Village Lionshead Cascade Village /East Vail /Sandstone /West Vail Us 2007 2008 2009 2010 2011 2012 2013 Source: TOV, Annual Vail Business Review; RRC Associates. 7/15/2014 46 Out of town 13% TOV Neighborhood Share of Total Taxable Sales by Type, 2007 -2013 80% 70% 60% 50% 44% 40% 30% 20% 17% 10% 0% ,mom Jo �c �o m� �m 40� a S` a� �m C, ■ 2007 2008 2009 ■ 2010 2011 ■ 2012 ■ 2013 26% Retail 13% II III sc ,moo 0 O Source: TOV, Annual Vail Business Review; RRC Associates. 49% 32% 17% 111���■ ,�o O a� m� �m 4om a S` a� �m G 7/15/2014 Lodging 68% ao� �\m ,m 19% 13% 11111111111111 0% mma gym\ �� 0 c� o/ �o OJx a� m� ,m 4om a S` a� �m c., 47 F &B APPENDIX OUTLINE - Population projections - Skier visitation patterns - lodging C710C +7V - Tf%%MJw 7 M-M-r ..- - Sales tax — Va i I vs. competitive set - Employment & establishment- Real estate Vail X Vail vs. competitive set summer visit _ �.. .. �..�r f%r +!nk+;nr 7/15/2014 IM 100 90 80 = 70% 0 60% a� M CA to 50% c to �0 40 a� M H 30% 20% 10% 0% Share of Sales Tax Collections, Winter 2012/13 vs. Summer 2013 Telluride Steamboat Aspen Avon Breckenridge Park City* Source: Respective towns & CO Department of Revenue; RRC Associates. Summer= May -Oct; Winter= Nov -Apr. 7/15/2014 Beaver Creek Snowmass Village M $700 $600 7$500 c O $400 a� M $300 9 7i a $200 $100 $0 Total Annual State Taxable Sales, 2002 -2013* tcQ-7 35% 30% 25 20% M 15% N 00 0 0 10% ai an c 5% f6 s 5 0% v L a -5 -10% -15% -20 Vail Aspen Breckenridge South Lake Steamboat Telluride Park City Snowmass Beaver Creek Avon Tahoe (thru 2012) Source: CO Department of Revenue, Annual Retail Sales /Sales Tax Summaries by City & UT State Tax Commission, Annual Reports & CA State Board of Equalization, Annual Taxable Sales by City; RRC Associates. *Note: Results may differ from locally - collected taxable sales. 7/15/2014 50 Taxable Sales, Summer 2013 vs. Winter 2012/13 7/15/2014 51 120% $500 Summer 2013 $450 - Winter 2012/13 106% Ratio of Summer to Winter 100% $400 - ^ $350 - C ° 77% 80% +� _ $300 80% 76% o kn $250 - 60% E a E 57% CA X $200 - - o 48% (a 42% 40% o H $150 - °C 27% $100 23% 20% $50 Vail Aspen Breckenridge Steamboat Telluride Park City* Snowmass Beaver Creek Avon Village * Based on quarterly reports. Summer = Apr -Sept; Winter =Oct -Mar. Source: Respective towns & CO Department of Revenue; RRC Associates. Summer = May -Oct; Winter= Nov -Apr. 7/15/2014 51 $300 $250 $200 C v $150 N CU c� X 1 $100 $50 $0 Total Summer Taxable Sales, 2003 -2013 2003 2004 2005 2006 O 2007 2008 O 2009 2010 242 O 2011 2012 O 2013 f% Cha 90% 80% 2003 -2013 70% M 60% c N M O 50% N ai an c ca 40% u c a� 30% a 20% 10% 0% Vail Aspen Breckenridge Steamboat Telluride Park City* Snowmass Beaver Creek Avon Village * Based on quarterly reports. Summer = Apr -Sept. Source: Respective towns & CO Department of Revenue; RRC Associates. Summer = May -Oct. 7/15/2014 52 60% L 50% GJ E E 3 40 bb c �i L 30% O of 4J V) — 20 t1J L t N 10% 0% Shai ,e OT Annual iaxaale gales occurring in summer, L� O Summer 2004 share of Nov 1 -Oct 31 r--� 2005 O 2006 2007 O 2008 ONO 2009 ® 2010 2011 2012 Summer 2013 share of Nov 1 -Oct 31 704 -2013 10% 8% 0 N 6% o0 N v L 4% t L tL 2% E 3 N 0% t10 cts t -2/ U U L -4% ti -6 Vail Aspen Breckenridge Steamboat Telluride Park City* Snowmass Beaver Creek Avon Village * Based on quarterly reports. Summer = Apr -Sept. Source: Respective towns & CO Department of Revenue; RRC Associates. Summer = May -Oct. 7/15/2014 53 $600 $500 $400 0 0 v $300 M N v c� X H $200 $100 $0 Total Winter Taxable Sales, 2003/04- 2012/13 Vail Aspen Breckenridge Steamboat Telluride Park City* Snowmass Beaver Creek Avon Village Source: Respective towns & CO Department of Revenue; RRC Associates. Winter= Nov -Apr. 7/15/2014 70 60 50% M N 0 40% 0 \ M O O 30% N ai a,o C s 20% u c a� v GJ 10% a 0% -10% * Based on quarterly reports. Winter= Oct -Mar. 54 90 80 70% 41 60% 50% i 3 40 O V) v m 30% N 4. O 20% M s 10% 0% Share of Annual Taxable Sales Occurri � Winter 2003/04 share of Nov 1 -Oct 31 � 2005/06 I 2007/08 O 2009/10 O 2011/2012 mom% Change, 2003/04- 2012/13 in Winter, 2003/04- 2012/13 2004/05 2006/07 2008/09 2010/11 Winter 2012/13 share of Nov 1 -Oct 31 Vail Aspen Breckenridge Steamboat Telluride Park City* Snowmass Beaver Creek Avon Village Source: Respective towns & CO Department of Revenue; RRC Associates. Winter= Nov -Apr. 7/15/2014 6% 4% M r-I 2/ N r-I O 0% c M O O -2% N cu M c -4% .c v r C GJ -6% L 41 a -8 -10% * Based on quarterly reports. Winter =Oct -Mar. 55 $200 $180 $160 $140 O $120 v M Nan $100 c to O $80 J O1 M H $60 $40 $20 $0 Annual Taxable Lodging Sales, 2003 -2013 Vail Aspen Breckenridge Steamboat Telluride Snowmass Beaver Creek Avon Village Source: Respective towns; RRC Associates. 7/15/2014 56 200 M 150% c N M 0 0 N GJ oa c ca 100% u 41 C OJ U L GJ M 50% 0% 70% 60% un C W M 0 50% O _v co Z 140% Q Ln cu 30% N M 0 20% CU i fC t N 10% 0% Percent of Total Taxable Sales Attributable to Lodeine. 2003 -2013 i- ., 2013 F--,2012 r-- :i2011 Ej2010 D 2009 2008 ® 2007 2006 � 2005 2004 � 2003 t% Change, 2008 -2013 60.3% 65% Vail Aspen Breckenridge Steamboat Telluride Snowmass Beaver Creek Avon Source: Respective towns; RRC Associates. 7/15/2014 57 80% 60% M 40% c N M O 0 N OJ 20% W fC t v 41 C OJ U 0% v M -20% -40% N c O $50 $45 $40 $35 N N $30 N tad) C -a $25 O J a� E $20 N $15 cts X ~ $10 $36 r, J Taxable Lodging Sales, Summer 2003 -2013 $46 E=0112003 F' 2004 1 2005 2006 I 2007 L 2008 L-== 2009 F 2010 C 2011 x'2012 C 2013 —40—% Change, 2003 -2013 N $20 � oa It $5 — — $0 - IF Vail Aspen Breckenridge Steamboat Source: Respective towns; RRC Associates. Summer= May -Oct. 7/15/2014 $10 0' 350% 05% 300% Telluride Snowmass Beaver Creek Village Avon 250% M r-I O N M 200% N v oa c ca 150% u c v u L 4J a 100% 50% 0% 60 % 50% L Qj E E N 40% C CtA L v 30% v O v M c 20% v L c� s 10% 0% Share of Annual Taxable Lodging Sales Occurring in Summer. 2003- O Summer 2004 share of Nov 1 -Oct 31 C 2005 2006 12007 2008 2009 2010 2011 Im 1) � c� �.,,.,,o. 7m z �k-n -f ni— Vail Aspen Breckenridge Steamboat Telluride Snowmass Beaver Creek Avon Village Source: Respective towns; RRC Associates. Summer= May -Oct. L J 7/15/2014 59 25% 20% 15% en 0 N O 10% N to 5% u c v L 0% a -5% -10% Taxable Lodging Sales, Winter 2003/04- 2012/13 $160 $141 $140 � 2003/04 2004/05 � 2005/06 2006/07 2007/08 2008/09 O 2009/10 O 2010/11 $120 O 2011/12 O 2012/13 f% Change, 2003/04-2012/13 O O $100 v $80 c $80 $74 to O J $60 - $53 o f° X $45 o $40 tH 25% $20 — N 6p $9 $0 Vail Aspen Breckenridge Steamboat Te un e Source: Respective towns; RRC Associates. Winter= Nov -Apr. 7/15/2014 154% 150% M N O 100% N 0 M O O N v bA c M v 4' 50% v U L a IITO% Snowmass Beaver Creek Avon Village .1 100% 90% L 80% ai ++ C 70% c 60% L 50% �4 40% N 4- ai 30% L s In 20% 10% 0% Share of Annual Taxable Lodging Sales Occurring in Winter 2003/04- 79% -1 % -' Winter 2003/04 share of Nov 1 -Oct 31 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/2012 Winter 2012/13 share of Nov 1 -Oct 31 f% Change, 2004 -2013 00 - 082% �I I Vail Aspen Breckenridge Steamboat Telluride Snowmass Beaver Creek Avon Source: Respective towns; RRC Associates. Winter= Nov -Apr. 7/15/2014 Village 61 4% 2% M 0% N 0 -2% eV 0 -4% o N -6% a°1n c ca t -8/ U c v -10% v a -12% -14% -16% 45 40% as c J 35% 0 4. v 4� 30% 7 Q 25% N v M 20% E E `^ 15 9 0 10 v L t CA 5% Percent of Total Summer Taxable Sales Attributable to Lodeine. 2003 -2013 29% 4 19 ■ 16% 0% Vail Aspen Breckenridge Steamboat Source: Respective towns; RRC Associates. Summer= May -Oct. 2So/- Telluride Snowmass Beaver Creek Avon Village 7/15/2014 62 250% 200% 150% c N M 0 0 N 100% c t U +, W 50% v CL 0% -50% 60% r- 50% oa 0 J O W -0 40% c� 7 L- 4+ Q v 30% M L 20% H 0 v L s 10% 0% Percent of Total Taxable Winter Sales Attributable to Lodging, 2003/04- 2012/13 Vail Aspen Breckenridge Steamboat Source: Respective towns; RRC Associates. Winter= Nov -Apr. 7/15/2014 Telluride Snowmass Beaver Creek Village 63 Avon 100% 80 M r-I 60% 0 N d' O M O O 40% N W ao O M U 20% U L a 0% -20% AAA -Rated Hotels and Restaurants 0 5 10 15 20 25 30 35 Jackson 26 24 Park City 18 i 34 Steamboat 0 18 VAIL 8 15 Aspen 13 Breckenridge � 8 20 Telluride /Mountain Village 12 Teton Village 6 7 I Beaver Creek 4 7 Total AAA -rated hotels Total AAA -rated restaurants 23 Snowmass 4 4 Source: AAA Tourbooks (2012 editions). Includes establishments rated with 1 to 5 diamonds. 7/15/2014 64 40 APPENDIX OUTLINE - Population projections - Skier visitation patterns - lodging c,loc +nv_ Town ofVail 'A:' -,s. competitive- s - Employment &establishments 7/15/2014 65 Eagle County Base Industry Employment by County, 2012 Households Tourism Regional Center /National Services Traditional Pitkin County Summit County Routt County Source: CO State Demographer, Economic Base Analysis (2012); RRC Associates. 17%]M San Miguel County 7/15/2014 66 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Sour Base Industry Employment by County (excluding tourism industry), 2012 7/15/2014 67 Eagle County 1 Pitkin County Summit County Routt County San Miguel County — P1 iF I o �0 w v �� � pyK' ycQo eye' Q,ea \r c e � o� � owi cwa �cJq�D C>oJe �JC` y`r oa ea v° a a a� is a �e a� `e� ac sae `ac J��c `o ac ec ywy, `oc �� t- w2 c Q`o�eyh `cac`y �a ``P�y�S ecay o` : CO State Demoil'W NW.lEconomic Base A alvsis (2012): RRC Q� gtwter /National Services Households 7/15/2014 67 35,000 30,000 25,000 G1 G1 G 20,000 Q E W 15,000 a� E 3 Z 10,000 M r° 5,000 x Annual Labor Force Count by County, 1990 -2013 Eagle County Pitkin County Summit County Routt County San Miguel County 140% 120% 100% M r-I O N 80% pOj Q1 cu w 60% t U 4, r- 40% i v CL 3 20% � 1990 � 1991 � 1992 � 1993 � 1994 � 1995 � 1996 � 1997 � 1998 � 1999 � 2000 � 2001 � 2002 � 2003 D 2004 O 2005 O 2006 O 2007 O 2008 O 2009 O 2010 O 2011 O 2012 O 2013 —■ow% Change, 1990 -2013 0% Source: CO Department of Labor & Employment, Labor Force Employment & Unemployment; RRC Associates. Note: Labor force counts are not seasonally adjusted. 7/15/2014 10% 9% 8% 7% 6% O 5% C W >• 4% O Q. 3% 2% 1% 0% Unemployment Rate by County, 2000 -2013 6.6% Recovery, 2010 -2013: 45% 1 Eagle Countv 6.5% Recovery, 2010 -2013: 28% Pitkin County Recovery, 2010 -2013: 38% �I u M Summit County Recovery, 2010 -2013: 21% 5.8% 5.8% I Recovery, 2010 -2013: 64% ' Routt County San Miguel County 12000 : 2001 2002 2003 2004 2005 2006 2007 : 2008 2009 2010 2011 2012 2013 Source: CO Department of Labor & Employment, Labor Force Employment & Unemployment. 7/15/2014 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Employment by County and City, 2008 -2012 ACS 5 -Year Estimates Source: US Census Bureau, 2012 ACS S -Year Estimates -- Selected Economic Characteristics; RRC Associates. * indiratPC rnunty cPat 7/15/2014 70 ■ Employed ■ Unemployment Rate 82% 79% 78% 79% 75% 70% 68% 76% 73% 73% 5.4% ° 6.3% 5.6% 3.9 6.0% .8% 6.2% .16.7% Eagle County Eagle* Vail Avon Eagle Pitkin County Aspen* Pitkin Summit County Breckenridge* Summit Routt County Steamboat* Routt Source: US Census Bureau, 2012 ACS S -Year Estimates -- Selected Economic Characteristics; RRC Associates. * indiratPC rnunty cPat 7/15/2014 70 35% A L 3 30% 25% 04 a L 20% O 15% d1 Employment by Industry in Eagle, ACS 2008 -2012 5 -Year Estimates N W 10% w 4- O C�uO 5% M a.. v 0% L O L0 PLO\ t �r �taae \�`e5 -10 0a `tea ey B o� \� �0 lea `°� ea �\ aacc oe�r a ' 0c� eye a0o °a­0�a P Source: US Census Bureau, 2012 ACS S -Year Estimates -- Selected Economic Characteristics; RRC Associates. 7/15/2014 71 as Q Employment by Industry in Counties and Cities, ACS 2008 -2012 5 -Year Estimates 40/ 35% ■ Eagle County - 40/ L 35% 0 30% 3 Vail - 3 30% 25% - 25% 20% - - 20% N 15% - N 15% 10% - c 10% 55/o — — - -a 5% 0 % '7 0% v a �rec O O �� �� �t �a y` to c O +, ��e �a° o �e5 \,� a�� 4, ��e Ka° o �e5 `5w ate` aoi P� a °� °° °� Ito �•o re aoi P� a�� � Ito �•� re u tc P 4� a� u tc Po 4} as 1 a \o� 50% ° L 45% 3 40% 35% 30% 25% kn 20% v 15% 10% W 5% w 0% 35 /° T 30% 25% c O 20% 15% aoi 10% 5% °C 0% O e q}` e ate. o e t O e e o ++ io t a o t e ++ t a o d\ to et �` o� �` ea tr W eta �c O o W Quo oy�t `°� ell a`i P� yet `off t° �.c ce �4r� `aa a L °� Qy �4}Q as �° �a�` Q�`p � °ate ate` Q�•p � °ate Source: US Census Bureau, 2012 ACS 5 -Year Estimates -- Selected Economic Characteristics; RRC Associates. 7/15/2014 72 800 700 600 c a, E M 500 H w 400 O L E 300 Z p 200 100 Total Number of Establishments in Vail, 1998 -2012 ■ 1 557 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Source: US Census Bureau, ZIP Code Business Plans by NAICS; RRC Associates. 1400 1300 1200 1100 CA c E 1000 M in c�a 900 W 800 GJ .0 E 3 Z 700 M ++ 12 600 500 400 Total Number of Establishments, 1998 -2012 w• =Vail -- -Aspen =-Breckenridge '7-7r 7 Qn 787 -V? A 1123 850 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Source: US Census Bureau, ZIP Code Business Plans by NAICS; RRC Associates. 7/15/2014 74 •11 R. ITIII; C 3 UO 600 GJ G1 O M 500 E W G1 400 O Q. W o 300 E N iZII11 100 Employee Count of Vail Companies, 1998 -2012 � 1998 L 1999 � 2000 � 2001 � 2002 � 2003 � 2004 2005 � 2006 � 2007 � 2008 � 2009 P� 7m n 7m i Inv 7/15/2014 250 to 499 500 to 999 1000+ 200 150% 100% 0 N 00 Q1 50% c l0 t U C d U 0% a -50% -100% 0 Ito 4 5 to 9 10 to 19 20 to 49 50 to 99 100 to 249 Number of Employees in Company Source: US Census Bureau, ZIP Code Business Plans by NAICS; RRC Associates. 7/15/2014 250 to 499 500 to 999 1000+ 200 150% 100% 0 N 00 Q1 50% c l0 t U C d U 0% a -50% -100% M I FOR 3 UO 600 G1 G1 O 500 W G1 400 O O. O cc o 300 E 3 N 200 Employee Count of Aspen Companies, 1998 -201 � 1998 � 1999 � 2000 � 2001 � 2002 � 2003 � 2004 2005 2006 � 2007 � 2008 � 2009 1 2010 2011 2012 -31% % -g% 21% 0% 100 0 1 to 4 S to 9 10 to 19 20 to 49 50 to 99 100 to 249 250 to 499 Number of Employees in Company Source: US Census Bureau, ZIP Code Business Plans by NAICS; RRC Associates. 7/15/2014 200% 150% 100% c N Q1 G1 50% t f0 t U 4, C O U 0% v a -50% - -100% 500 to 999 1000+ •ye] :ye] FOR C UO 600 G1 G1 O Q. 500 E W G1 400 O O. O o 300 E N 200 100 M Employee Count of Breckenridge Companies, 1998 -2012 � 1998 1999 � 2000 � 2001 � 2002 � 2003 � 2004 2005 ® 2006 � 2007 � 2008 � 2009 2010 2011 2012 1 to 4 5 to 9 10 to 19 20 to 49 50 to 99 100 to 249 Number of Employees in Company Source: US Census Bureau, ZIP Code Business Plans by NAICS; RRC Associates. 7/15/2014 3 500 to 999 1000+ 200 150% 100% c N 00 C1 0) 50% s U a� C v u 0% CU a -50% -100% Source: 2012 Comprehensive Annual Financial Reports from respected counties; RRC Associates. 7/15/2014 * Number of employees based on peak season counts. # Employees % County Employment # Employees % County Employment Vail Resorts, Inc. 5427 17.30% Aspen Skiing Company /Little Nell Hotel 3800 31.04% Eagle County School District 800 2.50% St. Regis Aspen Resort 325 2.45% Vail Valley Medical Center 734 2.30% City of Aspen 313 2.45% Vail Cascade Resort 465 1.50% Westin Snowmass Wildwood Resort Hotel 300 1.16% Eagle County 429 1.40% Roaring Fork Transit Agency 295 2.08% Ritz Carlton- Bachelor Gulch 400 1.30% Aspen Valley Hospital 292 2.65% Park Hyatt Beaver Creek Resort & Spa 350 1.10% Pitkin County 255 2.65% Vail Marriot 350 1.10% Aspen School District 241 1.97% Sonnenalp Resort 332 1.10% Viceroy Snowmass Resort 223 1.82% Town of Vail 243 0.80% Ritz Carlton 142 1.82% Summit County Routt County* # Employees % County Employment # Employees % County Employment Breckenridge Ski Resort 1000 -4999 6 -30% Steamboat Ski Corp 1750 12.00% Copper Mountain Ski Resort 1000 -4999 6 -30% Yampa Valley Medical Center 604 4.14% Keystone Resort 1000 -4999 6 -30% Wyndham Vacation Rentals 365 2.50% Everist Materials LLC 500 -999 3 -6% City of Steamboat Springs 334 2.29% Summit County Government 413 2% Routt County 322 2.21% Village at Breckenridge 250 -499 1.5 -3% Steamboat School District 292 2.00% Summit School District 250 -499 1.5 -3% Resort Group 272 1.87% Beaver Run Resort & Conference 25 -499 1.5 -3% Peabody Energy 234 1.60% Resort Quest Breckenridge n/a n/a Hayden Station Power Plant 208 1.43% Town of Breckenridge 100 -249 .5 -1.5% Sheraton Steamboat Resort 168 1.15% Source: 2012 Comprehensive Annual Financial Reports from respected counties; RRC Associates. 7/15/2014 * Number of employees based on peak season counts. APPENDIX OUTLINE - Population projections - Skier visitation patterns - lodging - Sales tax — Town of Va i I - Sales tax — Va i I vs. competitive set - EmploVment & establishments - Real estate - *•-oo �►,/a�� _ rmm�ptitivp .Pt caimmpr visitation 7/15/2014 MW TOV Total Number of Real Estate Transactions, 2006 -2013 450 Recovery, 2009 -2013: 79.7% 400 350 300 250 200 150 100 50 N 2006 2007 2008 2009 2011 2012 Source: TOV, Economic Indicators Summary: Summer 2013; RRC Associates. Annual total based on Nov 1 (of prior year) -Oct 31. 7/15/2014 -M 2013 Average Sale Price of TOV Real Estate, 2006 -2013 $3.0 $2.5 $2.38 -- $1.98 c $2.0 $1.88 $1.77 $1.74 $1.55 a $1.5 °1 $1.28 $1.33 M a, W c� Q $1.0 2006 2007 2008 2009 2010 2011 2012 2013 Source: TOV, Economic Indicators Summary: Summer 2013; RRC Associates. Annual average based on Nov 1 (of prior year) -Oct 31. 7/15/2014 al TOV Gross Real Estate Sales Volume, 2006 -2013 $800 $774 Winter Summer $700 M —° $505 2 $500 a, +; $400 �a $302 LU $300 $596 $217 $374 $405 $128 $610 $434 $175 $514 $261 P 0 $200 $100 $203 2006 2007 2008 2009 2010 2011 2012 Source: TOV, Economic Indicators Summary: Summer 2013; RRC Associates. Winter =Nov (of prior year) -Apr. Summer = May -Oct. 7/15/2014 $495 $236 2013 TOV Average Ratio of List Price to Sale Price, 2006 -2013 100% 97% Winter Summer 96% 95% 95% 95% 95° �° 94% a v •L a v �a 0 90% v �L a J 0 85% v an Q 80% 75% - 2006 2007 2008 Source: TOV, Economic Indicators Summary: Summer 2013; 92% 90% 90% 90% 89% 88% 85% 85% 2009 2010 2011 2012 RRC Associates. Winter =Nov (of prior year) -Apr. Summer = May -Oct. 7/15/2014 92% 91% 2013 Breakdown of Vail Properties Sold, 2006 -2013 ■ Residential Commercial 100% 80 0 N G1 60 a� CL 0 L a 0 W c°Aa 40 c a� v L a 20% 0% 2006 2007 2008 2009 2010 2011 2012 2013 Source: TOV, Economic Indicators Summary: Summer 2013; RRC Associates. Data for year goes from Nov -Oct. 7/15/2014 RIVA 200 180 160 L 140 as C i 120 3 N 100 G1 L Q 80 O L a 0 60 L = 40 Z 20 x Breakdown of Vail Properties Sold in Winter, 2006 -2013 2006 2007 2008 2009 2010 2011 2012 2013 Source: TOV, Economic Indicators Summary: Summer 2013; RRC Associates. Winter =Nov (of prior year) -Apr. 7/15/2014 85 250 WIN L E E fA bA 150 3 O N i 100 v CL O L a O L cu "Q 50 E Z N Breakdown of Vail Properties Sold in ,2006-2013 2006 2007 200& ■ Residential Commercial 17 2009 2010 2011 Source: TOV, Economic Indicators Summary: Summer 2013; RRC Associates. Winter =Nov (of prior year) -Apr. 2012 7/15/2014 86 2013 0 N a V) a� ca N W f6 G1 N N 0 C9 $3,000 $2,500 $2,000 $1,500 $1,000 $500 Annual Gross Real Estate Sales, 2004 -2013 Recovery 2009 - 2013:39% 11111 Recovery 2009 -2013: 56% Recovery 2009 -2013: 30% $1,403 $1,238 $889 Recovery 2009 -2013: 97% Recovery 2009 -2013: 38% $486 $504 $339 ' III, ilil III Recovery 2009 -2013: 15% Vail Eagle County Pitkin County Summit County Routt County San Miguel County 2004 2005 2006 2007 —2008 ■ 2009 ■ 2010 ■ 2011 ■ 2012 ■ 2013 Source: Land Title Guarantee Company, Colorado Mountain Resorts Market Analysis (4th Quarter) & Eagle County Market Analysis; RRC Associates. 7/15/2014 MN 4,000 3,500 Y I c 0 2,500 c ca F- 4- 0 2,000 a, E 3 Z 1,500 M 1,000 500 I Annual Number of Real Estate Transactions, 2006 -2013 Recovery 2009 -2013: 62% 354 I11 I 1 Recovery 2009 -2013: 88% 1,766 Recovery 2009 -2013: 142% 1,702 1,908 Recovery 2009 -2013: 20% 1 Vail Eagle Pitkin Summit Routt 2006 62007 —2008 ■ 2009 ■ 2010 ■ 2011 ■ 2012 ■ 2013 Source: Land Title Guarantee Company, Market Analysis for respective counties; RRC Associates. 7/15/2014 1,278 Eagle 2013 Buyer Profile by County Pitkin Summit Routt Local Front Range Out of State (Domestic) International Source: Land Title Guarantee Company, Colorado Mountain Resorts Market Analysis (4th Quarter); RRC Associates. 7/15/2014 San Miguel Average Real Estate Transaction Price and Number of Annual $4.5 Transactions (2013) by Vail Location, 2009 -2013 $4.0 $3.5 2 a $3.0 _ $2.7 v a $2.5 c $2.1 $2.0 $2.0 ca $1.5 $1.1 $1.0 $1.0 $0.6 i Q $0.5 i $0.0 J �a C°mot <IN ti ■ 2009 ■ 2010 ■ 2011 ■ 2012 ■ 2013 $2.2 $1.1 Iml I&I �I` eaa °•c °A °R, ale o�y oy� > o'°yr a aye °tee �ay`a r °�eJa a��o�ro Source: Land Title Guarantee Company, Eagle County Market Analysis; RRC Associates. 7/15/2014 $4.5 $4.0 N $3.5 r- .2 $3.0 a� U a $2.5 r- 0 $2.0 c L OJ $1.5 bA co L Q $1.0 $0.5 $0.0 M Average Real Estate Transaction Price and Number of Annual Transactions (2013) by Eagle County Location, 2009 -2013 ■ 2009 ■ 2010 $3.7 ■ 2011 ■ 2012 11$3.7 ' ■ 2013 $1.4 IIWI �uil Vail Eagle Vail Avon Beaver Creek Bachelor Gulch $1.4 $0.8 $0.9 0 IN, 11ilill $0. $0.4 $0. 11111 Arrowhead Berry Edwards Cordillera Eagle Gypsum Other Eagle Creek, County Singletree Source: Land Title Guarantee Company, Eagle County Market Analysis; RRC Associates. 7/15/2014 $5.0 $4.5 $4.0 N $3.5 C O $3.0 G1 v a $2.5 d v O O $2.0 Lei G1 G1 $1.5 a, Q $1.0 $0.5 $0.0 Average Price of Single Family and Multi - Family Residences by County, 2009 -2013 $0.8 1 Multi - Family 2009 Single Family $1.2 $1.3 1 Multi - Family Single Family 2010 $1.0 $0.9 ills Multi - Family Single Family 2011 ■ Summit Pitkin Multi - Family Single Family 2012 Source: Land Title Guarantee Company, Colorado Mountain Resorts Market Analysis (4th Quarter); RRC Associates. 7/15/2014 $0.8 - 1 Multi - Family Single Family 2013 40 30% on _ _ 0 a 20% v v i 4! a 10% 0% Primary Residence Location of Second -Home Owners By U.S. Census Division \ °�a� rI �,A° `S`J S1P P J�Q �e�°a �ta\\P ° � �J G � ado rLe� Nam L° So � °got Source: Assessor Data from Eagle County (2011); RRC Associates 7/15/2014 93 40 0 LM M 30% ao c c 0 Q. 20 c a, U a 10% 0% 61D lz�, ��J° o� d° to L ono Primary Residence Location of Second -Home Owners By State /Country (Top 10) ONO R* O O � O 11 0 —o 0 W `c Ln Ln 0 M r-I 7/15/2014 ❑ Vail ❑ Beaver Creek ■ Other Eagle County IR NF7 NON N M o N eJ �a a� Q O eta Source: Assessor Data from Eagle County (2011); RRC Associates Primary Residence Location of Second -Home Owners By Designated Market Area (Top 10) 40% - 0 cevlil ❑ V a i l 30% - a° ❑ Beaver Creek tw N ■ Other Eagle County 0 0. W 20% - cc 4, a � o 0 10% a o^ o c a, L 111 111 � o� o o \° 0 111 0 o M M M M M o e M o 0 0 0 0 0 0 r4 (N o _h- -... - _. _ fV -E[--m N FA 0 /o 1J GO daN \es; t�'140 Q�e� \o Vos \aS <<o eR o� C,o \o <a asr�� 7/15/2014 Source: Assessor Data from Eagle County (2011); RRC Associates 95 50% 40% ao c =a 30% C 0 CL a C! C 20% U L a 10% 0% Primary Residence Location of Second -Home Owners By U.S. Census Division ❑ Vail ❑ Beaver Creek it Other Eagle County ■ Town of Snowmass Village 5% E:1 City of Aspen ❑ Breckenridge / Blue River ■ Routt County, CO 0 j 7 Teton County, WY OAL �\ \���, 4p, a� a\�P� ��oo �� Pow, 5 boa P a a\� , �� �O t t a`e \G , 5 a 10 NZ� \G� r \PAS F� 0P o� Le oarLe ���\aal ``�\` e o�oe Qa �'c Oa� C.e\ OF'OG Oay�S S `oJ co a5 ate r o e � So�� \otaao �o Lo Source: Assessor Data from Eagle (2011), Pitkin (2012), Routt (2008), Summit (2007), and Teton (2012) Counties; RRC Associates 7/15/2014 M 50% 40% 35% ao 30% c 0 CL a v 20% u L a 10% 0% +Lu Primary Residence Location of Second -Home Owners By State /Country (Top 10) t� 0 a �J �o •mac -lam a° �a �o �o ❑ Vail Qo ❑ Beaver Creek ■ Other Eagle County ■ Town of Snowmass Village ❑ City of Aspen ® Breckenridge / Blue River ■ Routt County, CO ■Teton County, WY 7 °U 6 6% A5 6% 4% 2% 2% 2% t� 0 a �J �o •mac -lam a° �a �o �o �a •1h a a oc �a Source: Assessor Data from Eagle (2011), Pitkin (2012), Routt (2008), Summit (2007), and Teton (2012) Counties; RRC Associates 7/15/2014 97 Qo Source: Assessor Data from Eagle (2011), Pitkin (2012), Routt (2008), Summit (2007), and Teton (2012) Counties; RRC Associates 7/15/2014 97 50% 40% 0o 30% c 0 CL N v v 20% v v a 10% 0% Primary Residence Location of Second -Home Owners By Designated Market Area (Top 10) N`o �ae�aa \e, ate\' Fob ay, , pad\ O\`S, ���' 60 ea C.o 9 t a a�ets�o \o o Source: Assessor Data from Eagle (2011), Pitkin (2012), Routt (2008), Summit (2007), and Teton (2012) Counties; RRC Associates 7/15/2014 ❑ Vail ❑ Beaver Creek 3% ■ Other Eagle County ■ Town of Snowmass Village ❑ City of Aspen • Breckenridge / Blue River • Routt County, CO • Teton County, WY 0 5o 2 0 � % % 2% N`o �ae�aa \e, ate\' Fob ay, , pad\ O\`S, ���' 60 ea C.o 9 t a a�ets�o \o o Source: Assessor Data from Eagle (2011), Pitkin (2012), Routt (2008), Summit (2007), and Teton (2012) Counties; RRC Associates 7/15/2014 APPENDIX OUTLINE - Population projections - Skier visitation patterns - lodging - Sales tax — Town of Va i I - Sales tax — Va i I vs. competitive set - Employment & establishments Real est. - - Vail & Vail vs. competitive set summer visitation 7/15/2014 2013 2012 2010 2007 Vail Summer Visitation by Type, Summer 2005 -2013 0 176 5% 11% 9% 3% L6% 19% 14% 25% 63% 56% 43% 2° 3% 47% 3 6% 2005 7% 50% 5% -t Local In -State Day M In -State Overnight Out of State International Source: TOV, 2010 -2013 Summer Intercept Survey Reports; RRC Associates. 7/15/2014 100 Colorado Texas California Florida Kansas Illinois New York Missouri Arizona Minnesota Vail Summer Visitor Origin by Top 10 States, 2005 -2013 0% 10% 20% 30% 40% 50% 60% Source: TOV, 2010 -2013 Summer Intercept Survey Reports; RRC Associates. 7/15/2014 Mexico England Canada Belgium New Zealand Africa Singapore Germany Australia Other Vail Summer Visitor Origin by Top 10 International Locations, 2005 -2013 0% 5% 10% 15% 20% 25% 30% 35% 40% -+— Source: TOV, 2010 -2013 Summer Intercept Survey Reports; RRC Associates. 45% Vail Summer Visitor Profile by Household Income, 2005 -2013 2013 15% 2012 7% 12% 9% 11% 12% 11% 9% 16% 2010 9% 11% 11% 2007 5% 8% 12% 2005 6% 6% 8% 16% 15% 17% 17% 13% 13% 10% 33% Mean Income 15% 9% 4% $169,979 9% 13% 9% $142,005 10% 16% 7% $136,981 13% 15% 5% $207,736 30 %'M 6% 4% 6% $0- 29,999 $30- 49,999 ■ $50- 74,999 ■ $75- 99,999 $100- 124,999 $125- 149,999 ■ $150- 199,999 ■ $200- 499,999 $500- 749,999 $750- 999,999 ■ $1,000,000+ Source: TOV, 2010 -2013 Summer Intercept Survey Reports; RRC Associates. 7/15/2014 103 Summer Visitor Transportation to Airport Used by Summer Visitors, Vail,. 2005 -2013 2005 -2013 2013 66% 34% 2013 85% 14% 2012 74° 26% 2012 85% 14% 2011 70% 30% 2011 75% 25% 2010 57% 44% 2010 91% 80 2007 60% 40% 2007 8, °! 12 % 2005 68% 32% 2005 89 9°/ Plane Car Source: TOV, 2010 -2013 Summer Intercept Survey Reports; RRC Associates. 7/15/2014 Denver (DIA) Eagle (EGE) Other 104 Colorado Texas California Florida Kansas Illinois Vail vs. Competitive Set Summer Visitor Origin by State, 2013 Percent of Respondents 0% 10% 20% 30% 40% 50% ; 3 9/c 5% 4% I2% F 3% 2% 4% New York 2/O 3% Missouri 2% 92% Arizona &2% 2% Minnesota 1% 2% 54% 37% 8% i 10% Vail Competitor Average Source: TOV, 2010 -2013 Summer Intercept Survey Reports & RRC Associates, 2012 and 2013 competitive set summer survey results. 7/15/2014 105 60% Vail vs. Competitive Set Summer Visitor Origin by MSA, 2013 Percent of Respondents 0% 5% 10% 15% 20% 25% Denver, CO 26% Dallas TX 4% ' 4% Houston, TX 3% 4% Chicago, IL3% 4% Kansas City, MO -KS 3% 1% Colorado Springs, CO 3/ 3% Minneapolis -St. Paul, 2°% MN -WI W2% New York ' NY 2% � 3% Phoenix -Mesa AZ ' 2°% 2% International - 2% 5% Vail Competitor Average Source: TOV, 2010 -2013 Summer Intercept Survey Reports & RRC Associates, competitive set summer survey results. 7/15/2014 106 30% 35% 31% Vail Competitor Average Vail vs. Competitive Set Summer Visitor Travel, 2013 Percent of Respondents 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ■ Plane Car Source: TOV, 2010 -2013 Summer Intercept Survey Reports & RRC Associates, competitive set summer survey results. 7/15/2014 107 Vail Competitor Average Vail vs. Competitive Set Airport Used by Summer Visitor, 2013 Percent of Respondents 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ■ Denver (DIA) ■ Local Airport Other Source: TOV, 2010 -2013 Summer Intercept Survey Reports & RRC Associates, competitive set summer survey results. 7/15/2014 110 APPENDIX OUTLINE - Population projections - Skier visitation patterns - lodging - Sales tax — Town of Va i I - Sales tax — Va i I vs. competitive set - Employment & establishments - Real estate - Vail A4, Vail vs- romn?tltive set summer visitation - Air transportation 7/15/2014 109 5.2 Z C 4.8 V) L (A 4.4 co a 0 L E Z 4 3.6 Denver International Airport Monthly Passengers, 2012 -2014 January February March April May June July August September October November December Month Source: DIA Business Center, Monthly Passenger Traffic Reports; RRC Associates. 7/15/2014 110 Denver International Airport Airline Market Share, 2011 -2014 2011 2012 Year 2013 Source: DIA Business Center, Monthly Passenger Traffic Reports; RRC Associates. 4% 2014 (Jan -Apr) 7/15/2014 111 American Delta Frontier Southwest United US Airways, Inc. Other 26 24 0 2 22 N C E Q1 C 20 CL C W W. 0 i G1 3 18 z 16 Denver International Airport Annual Enplanements, 2000 -2013 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Year Source: Federal Aviation Administration, Annual Passenger Boarding and All -Cargo Data; RRC Associates. 7/15/2014 112 350 300 250 0 s 200 c a, E c 150 M a c W 0 100 CU E z 50 51 Resort Airports Annual Enplanements, 2000 -2013 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Year EGE (Vail) ASE (Aspen) HDN (Steamboat Springs) TEX (Telluride) GUC (Crested Butte) JAC (Jackson Hole) Source: Federal Aviation Administration, Annual Passenger Boarding and All -Cargo Data; RRC Associates. 7/15/2014 113 Bto] 35 N i 30 0 s v N 25 a, E c 20 ca Q. W c 15 L 3 10 Z 5 0 Resort Airports Monthly Enplanements, Winter 2012/13 November December January February March April EGE (Vail) ASE (Aspen) HDN (Steamboat) TEX (Telluride) GUC (Crested Butte) JAC (Jackson Hole) Source: Federal Aviation Administration, Passengers by Month Data; RRC Associates. 7/15/2014 114 200 180 160 _ 140 0 s 120 _ v E 100 Resort Airports Domestic Enplanements, Winter 2002/03- 2012/13 37 123 10 IN C c� 80 76 W 0 60 E Z 40 22 20 jk 4 0 — — — EGE (Vail) ASE (Aspen) HDN (Steamboat) TEX (Telluride) GUC (Crested Butte) JAC (Jackson Hole) 2002/03 ■ 2003/04 2004/05 2005/06 m 2006/07 ■ 2007/08 2008/09 ■ 2009/10 2010/11 ■ 2011/12 ■ 2012/13 Source: Federal Aviation Administration, Passengers by Month Data; RRC Associates. Winter= Nov -Apr. 7/15/2014 115 50 40 co 3 O s H 30 a, E a ca CL _ uj 20 4" O L I_ 3 Z 10 C Resort Airports Monthly Enplanements, Summer 2013 May June Fj July August September October EGE (Vail) ASE (Aspen) HDN (Steamboat) TEX (Telluride) GUC (Crested Butte) JAC (Jackson Hole) Source: Federal Aviation Administration, Passengers by Month Data; RRC Associates. 7/15/2014 116 Resort Airports Domestic Enplanements, Summer 2003 -2013 200 I :1 160 c 3 140 0 s 120 a� E 100 CL 80 , U 80 4- 0 -0 60 E z Z 40 30 20 17 0 1� rat 9 d''"�.._m 1 Im EGE (Vail) ASE (Aspen) HDN (Steamboat) TEX (Telluride) GUC (Crested Butte) JAC (Jackson Hole) ■ 2003 ■ 2004 2005 2006 2007 F'2008 02009 ■ 2010 2011 ■ 2012 02013 Source: Federal Aviation Administration, Passengers by Month Data; RRC Associates. Summer = May -Oct. 7/15/2014 117 180 v c c 140 s H c 120 v E v c a 100 c W w O 80 E 7 Z 60 40 20 C 2013 Resort Airports Domestic Enplanements, Summer vs. Winter EGE (Vail) ASE (Aspen) HDN (Steamboat) TEX (Telluride) GUC (Crested Butte) JAC (Jackson Hole) Winter 2012/13 Summer 2013 Ratio of Summer to Winter Source: Federal Aviation Administration, Passengers by Month Data; RRC Associates. Winter =Nov (of prior year)- Apr.Summer= May -Oct. 7/15/2014 118 200% 180% 160% 140% 120% 100% 80% 60% 40% 20% 0% American Airl UNITED REPUBLIC AIRLINES EGE (Vail) Resort Airports Airline Market Share, April 2013 -March 2014 ASE (Aspen) UN ITEDe, �)lllREPUBtIC AIRLINES HDN (Steamboat) TEX (Telluride) Source: Bureau of Transportation Statistics, Annual Carrier Shares by Airport; RRC Associates. 7/15/2014 American Airlines UN I T E D Skywest Skywest d0 Other 4% GUC (Crested JAC (Jackson Hole) Butte) 119 APPENDIX OUTLINE - Population projections - Skier visitation patterns - lodging - Sales tax — Town of Va i I - Sales tax — Va i I vs. competitive set - Employment & establishments - Real estate - Vail & Vail vs. competitive set summer visitation - Air - Highway traffic 7/15/2014 120 50,000 N c O 40,000 W L t _a 30,000 v M H L >. 20,000 W ao M L- i 10,000 Q 0 1 -70 Eisenhower 1 -70 Vail Pass 1 -70 Dowd 1 -70 Glenwood Tunnel Junction Canyon Average Daily Highway Traffic, Summer 1993 -2013 Hwy 82 Hwy 9 US 40 1 -80 Parley's Snowmass Breckenridge Steamboat Canyon (UT) 10% 8°% 6% 4% 2% M !'I 0% N 00 0 0 -2% N QJ bA -4% t U -6% o -8°% -10% -12% 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 12008 -13 % Change Source: CDOT, Monthly Traffic Data & UDOT, Monthly Traffic Bulletins; RRC Associates. Summer = May -Oct. 7/15/2014 121 50,000 N C 40,000 N i s 0 30,000 U L 2- 20,000 0 GJ txO f0 i 10,000 Q 0 1 -70 Eisenhower 1 -70 Vail Pass 1 -70 Dowd 1 -70 Glenwood Hwy 82 Hwy 9 US 40 1 -80 Parley's Tunnel Junction Canyon Snowmass Breckenridge Steamboat Canyon (UT) Average Daily Highway Traffic, Winter 1993/94- 2013/14 20% 15% 10% d' ei M 0 5% N 00 O n 0 0 0% N G1 bA fC s U 5% o -10% 1993/94 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 t% Change, 2007/08-2013/14 Source: CDOT, Monthly Traffic Data & UDOT, Monthly Traffic Bulletins; RRC Associates. Winter= Nov -Apr. 7/15/2014 122 I C O a+ v ai L s O U L a� oa ca L a� Q 55,000 45,000 35,000 25,000 15,000 5,000 -5,000 Average Daily Highway Traffic, Summer 2013 vs. Winter 2013/14 Source: CDOT, Monthly Traffic Data & UDOT, Monthly Traffic Bulletins; RRC Associates. Summer = May -Oct, Winter= Nov -Apr. 7/15/2014 140% 120% 100% 80% 60% 40% 20% 0% L a� c O a� E E O 4- O 3,000 2,500 LA C 0 4� U 2,000 t O u 1,500 m L c 1,000 m W L Q 500 A Average Hourly Weekend Winter Traffic, 1 -70 at Eisenhower Tunnel Source: CDOT, Hourly Traffic Data; RRC Associates. Winter= Nov -Apr. 7/15/2014 j24 3,500 E 111 C 2,500 0 4� U v L 2,000 0 u 1,500 L L 0 1,000 W L a 500 A Average Hourly Weekend Summer Traffic, 1 -70 at Eisenhower Tunnel Source: CDOT, Hourly Traffic Data; RRC Associates. Summer = May -Oct. 7/15/2014 3,500 3,000 7 2,500 c 0 U GJ L -0 2,000 s 0 U 1,500 L . L 0 1,000 W oa L Q 500 C Average Saturday Morning Winter Traffic, 1 -70 at Eisenhower Tunnel Source: CDOT, Hourly Traffic Data; RRC Associates. Winter= Nov -Apr. 7/15/2014 Im 1,600 1,400 U L 1,200 c 1,000 W on 800 Ef 600 400 200 0 Average Westbound Saturday Winter Traffic, 1 -70 at Eisenhower Tunnel Source: CDOT, Hourly Traffic Data; RRC Associates. Winter= Nov -Apr. 7/15/2014 2,500 2,000 U L 1,500 0 W an Q 1,000 500 x Average Eastbound Sunday Winter Traffic, 1 -70 at Eisenhower Tunnel Source: CDOT, Hourly Traffic Data; RRC Associates. Winter= Nov -Apr. 7/15/2014 3,500 3,000 c 2,500 0 U G1 L_ 2,000 s 0 U iEca 1,500 L L 0 1,000 W L a 500 0 Average Saturday Morning Summer Traffic, 1 -70 at Eisenhower Tunnel Source: CDOT, Hourly Traffic Data; RRC Associates. Summer = May -Oct. 7/15/2014 129 :me 1,600 1,400 U L 1,200 a L- :01 1,000 x W tw 800 a .es, 400 200 U Average Westbound Saturday Traffic, 1 -70 at Eisenhower Tunnel Source: CDOT, Hourly Traffic Data; RRC Associates. Summer = May -Oct. 7/15/2014 2,500 2,000 a 1,500 0 x v an m Q 1,000 500 Average Eastbound Sunday Traffic, 1 -70 at Eisenhower Tunnel Sunday Source: CDOT, Hourly Traffic Data; RRC Associates. Summer= May -Oct. 7/15/2014 1,500 c 0 u L s 1,000 O U to L i = 500 v as c� L v Q ri7 Average Hourly Weekend Winter Traffic, 1 -70 at Vail Pass Source: CDOT, Hourly Traffic Data; RRC Associates. Winter= Nov -Apr. 9r 7/15/2014 132 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: July 15, 2014 ITEM /TOPIC: Break (from 12 p.m. until 1 p.m.) 7/15/2014 rnwH of vn' �Ii> rnwH of vn' �Ii> VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: July 15, 2014 ITEM /TOPIC: Town Council will convene as the Vail Local Marketing District at 1 p.m. in the Vail Town Council Chambers. At 1:20 p.m., Town Council will commence the regular work session in the Town Council Chambers. 7/15/2014 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: July 15, 2014 ITEM /TOPIC: DRB /PEC Update begins 1:20 p.m. PRESENTER(S): Warren Campbell ATTACHMENTS: July 7, 2014 DRB Meeting Results July 14, 2014 PEC Meeting Results 7/15/2014 rnwH of vn' �Ii> TOWN OF VA MEMBERS PRESENT Tom DuBois Andy Forstl Bill Pierce Rollie Kjesbo DESIGN REVIEW BOARD AGENDA PUBLIC MEETING July 2, 2014 Council Chambers 75 South Frontage Road West - Vail, Colorado, 81657 MEMBERS ABSENT Brian Gillette PROJECT ORIENTATION 1:OOpm SITE VISITS 1. Leever Residence - 5087 Main Gore Drive 2. Betty Ford Alpine Garden Education Center - 530 South Frontage Road East 3. Pietrini Residence - 182 West Meadow Drive 4. Vista Bahn Building - 298 Hanson Ranch Road 5. West Vail Community Garden - 2470 South Frontage Road West MAIN AGENDA 3:OOpm West Vail Community Garden DRB140201 Jonathan Final review of a minor exterior alteration (fence) 2470 South Frontage Road West (west of Stephens Park) /Unplatted Applicant: West Vail Community Garden, represented by Marian Cartin ACTION: Approved with condition(s) MOTION: Kjesbo SECOND: Forstl VOTE: 4 -0 -0 CONDITION(S): 1. The chain link fence shall be replaced in its entirety with the new proposed wood /metal fence. 2. The gauge of the wire mesh shall be revised to be more robust, as determined through a staff review. 2. Elk Meadows Lot 2 Residence DRB140202 Joe Final review of new construction (single family) 1626 Buffehr Creek Road /Lot 2, Elk Meadows Subdivision Applicant: Elk Meadows Development, LLC, represented by Suman Architects ACTION: Approved MOTION: Kjesbo SECOND: Forstl VOTE: 4 -0 -0 3. Vista Bahn Building DRB140225 Jonathan Final review of changes to approved plans (doors, windows, awnings) 298 Hanson Ranch Road /Lot C, Block 2, Vail Village Filing 1 Applicant: Remonov & Co., represented by Mauriello Planning Group ACTION: Approved with condition(s) MOTION: Kjesbo SECOND: Forstl VOTE: 4 -0 -0 CONDITION(S): 1. This approval shall not include the awnings, at this time. 2. The new automatic door shall match, in regards to the kick plate, the Eye Pieces of Vail automatic door in the adjacent building. 7/15/2Pje 1 4. Leever Residence DRB140226 Joe Conceptual review of new construction (single family) 5087 Main Gore Drive /Lots 2 & 3, Block 1, Bighorn Subdivision 5th Addition Applicant: Harold Leever, represented by Berglund Architects ACTION: Conceptual, no vote 5. Pietrini Residence DRB140230 Jonathan Conceptual review of a new construction (duplex) 182 West Meadow Drive /Lot 5 Vail Village Filing 2 Applicant: Meribel Corporation, represented by Pierce Architects ACTION: Conceptual, no vote 6. Betty Ford Alpine Gardens Education Center DRB1400205 Jonathan Conceptual Review (new construction) 530 South Frontage Road East /Unplatted Ford Park Applicant: Town of Vail represented by Hunn Consulting Group LLC ACTION: Conceptual, no vote STAFF APPROVALS Hunt Residence OTC14 -0030 Martin Final review of a minor exterior alteration (roof) 2585 Larkspur Lane /Lot 10, Block 1, Vail Intermountain Applicant: Hunt Family, represented by Spectrum Construction, Jay Gilbert Hubbard Residence DRB140182 Joe Final review of an addition (garage, driveway) 146 Forest Road /Lot 6, Block 7, Vail Village Filing 7 Applicant: Hubbard Family Investors, LLC, represented by Snowden and Hopkins Architects Cornide Residence DRB140184 Final review of an addition (loft) 327 Rockledge Road /Lot B, Rockledge Subdivision Applicant: Jose Cornide, represented by Krueger Architects Joe Bolin Residence DRB140192 Jonathan Final review of a minor exterior alteration (deck, stone, guardrails) 1017 Ptarmigan Road /Lot 1, Block 5, Vail Village Filing 7 Applicant: RL Bolin Properties, represented by Ashton -Hirst Construction Read Residence DRB140198 Joe Final review of change to approved plans (nook /windows) 126 Forest Rd /Lot 5, Block 7, Vail Village Filing 1 Applicant: Steven M. Read, represented by Segerberg, Mayhew & Associates, Kurt Segerberg Carey Residence DRB140203 Final review of a minor exterior alteration (landscaping) 2785 Bald Mountain Road /Lot 3, Block 1, Vail Village Filing 13 Applicant: Michael Carey, represented by Nett Designs Anders Gray Residence DRB140206 Jonathan Final review of a minor exterior alteration (driveway) 4779 Meadow Drive /Lot 1 B, Block 5, Bighorn Subdivision 5th Addition Applicant: Mark Gray, represented by Ulf & Associates 7/15/2Pje 2 Gerald R Ford Amphitheater DRB140208 Warren Final review of a sign (building identification, directional) 530 South Frontage Road East /Unplatted (Ford Park) Applicant: Gerald R Ford Amphitheater, represented by Zehren & Associates Slifer Residence DRB140209 Warren Final review of changes to approved plans (lights) 193 Gore Creek Drive /Part of Tract A, Block 5B, Vail Village Filing 1 Applicant: Rodney and Beth Slifer Gerald R Ford Amphitheater DRB140212 Warren Final review of changes to approved plans (canopy columns, landscaping) 530 South Frontage Road East /Unplatted (Ford Park) Applicant: Gerald R Ford Amphitheater, represented by Zehren & Associates Chedraui Residence DRB140213 Joe Final review of changes to approved plans (window, chimney) 68 East Meadow Drive /Lot O, Block 5D, Vail Village Filing 1 Applicant: Antonio Chedraui, represented by Gies Architects Gorsuch Ltd. DRB140214 Jonathan Final review of a minor exterior alteration (elevator overrun) 263 Gore Creek Drive /Lot E, Block 5, Vail Village Filing 1 Applicant: Gorsuch Ltd., represented by Pierce & Frye Architects Resnick Residence DRB140215 Joe Final review of a minor exterior alteration (landscaping) 1027 Ptarmigan Road /Lot 2, Block 5, Vail Village Filing 7 Applicant: Forever Trust LLC, represented by R.A. Nelson, Ryan Smith Forest Road LLC DRB140217 Jonathan Final review of a minor exterior alteration (landscaping) 45 Forest Road /Lot 33, Block 7, Vail Village Filing 1 Applicant: Forest Road LLC, represented by Alpine Holiday & Property Service Dayco International DRB140219 Warren Final review of change to approved plans (a /c) 174 Gore Creek Drive Unit 412 /Lot A Block 5C Lodge Apt Condos Applicant: Dayco International LLC, represented by SIRE Building Associates Ganz Residence DRB140220 Jonathan Final review of a minor exterior alteration (window /locker) 4511 Meadow Drive Unit 704 /Timber Falls Condominiums Applicant: Beth D. Ganz & Derek Mitch Phillips, represented by Eagle County Contractors Lodge at Vail DRB140221 Warren Final review of a minor exterior alteration (air conditioners) 174 East Gore Creek Drive /Front Door Lodge and Resort Subdivision Applicant: Vail Resorts, represented by Graham Frank Gregg Residence DRB140222 Final review of a change to approved plans (roof) Jonathan 1966 West Gore Creek Drive /Lot 44, Vail Village West Filing 2 Applicant: Jim & Laurie Gregg, represented by Nutkins Design Group -Bill Nutkins 7/15/2Pje 3 Dobyns Residence DRB140223 Final review of changes to approved plans (driveway, patio) 3080 Booth Falls Road /Lot 10, Block 2, Vail Village Filing 12 Applicant: Windsurfer LLC, represented by Pure Design Studio Marks Residence DRB140224 Final review of a minor exterior alteration (landscaping) 2685 Bald Mountain Road /Lot 8, Block 2, Vail Village Filing 13 Applicant: Donald and Susan Marks Tafalla Properties Inc. DRB140227 Final review of a minor exterior alteration (landscaping) 1042 Eagles Nest Circle /Lot 2, Block 1, Vail Village Filing 8 Applicant: Tafalla Properties Inc., Bold Property Management Warren Joe Warren Padich LLC Residence DRB140228 Warren Final review of a minor exterior alteration (window) 600 Vail Valley Drive Unit E13 (Northwoods) /Tract B, Vail Village Filing 7 Applicant: Padich LLC, represented by Nedbo Construction Cleve Ian d /Langenwalter Residence DRB140229 Final review of changes to approved plans (extension of approval) 2586 Arosa Drive /Lot 1, Block D, Vail Ridge Applicant: Richard Cleveland & Kathy Langenwalter Jonathan Lubchenco Residence DRB140231 Joe Final review of a minor exterior alteration (re- paint) 4265 Columbine Drive Units 13 & 14 /Lots 13 and 14, Bighorn Terrace Applicant: Mark & Roberta Lubchenco, represented by Alan Kessloff S &P Aspen Brick, LLC DRB140233 Joe Final review of a minor exterior alteration (windows, balcony doors) 1 Vail Road (Four Seasons) /Lot A -C, Vail Village Filing 2 Applicant: S &P Aspen Brick, LLC, represented by RAL Architects Fallridge Condominiums DRB140234 Joe Final review of a minor exterior alteration (chimneys) 1650 Fall Ridge Road /Lot 2, Sunburst Filing 3 Applicant: Fallridge Condominium Association, represented by Environmental Contracting, Dave Murray Stender Residence DRB140236 Warren Final review of a minor exterior alteration (garage door) 5025 A Main Gore Place /Parcel 5A, Sundial Phase 1 Applicant: David Stender, represented by HMR Construction, Michael Roe Lubchenco Residence DRB140242 Warren Final review of a minor exterior alteration (railings, landscaping) 4265 Columbine Drive Units 13 & 14 /Lots 13 and 14, Bighorn Terrace Applicant: Mark & Roberta Lubchenco, represented by Alan Kessloff NMARJE LLC DRB140244 Warren Final review of a minor exterior alteration (vent) 151 Vail Lane #10 (Chalets at Vail) /Tract B, Front Door Three Dimensional Subdivision Applicant: MMARJE LLC, represented by T Squared Builders Inc. 7/15/2PWge 4 Cofsky Residence OTC14 -0029 Martin Final review of a minor exterior alteration (re -roof) 4946 Juniper Lane #A/Lot 7, Block 5, Bighorn 5th Addition Bill Cofsky, represented by A4S Construction LLC, Channing Lockady 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. 7/15/2Me 5 TOWN OF VA11 i PLANNING AND ENVIRONMENTAL COMMISSION July 14, 2014 at 1:00pm TOWN COUNCIL CHAMBERS / PUBLIC WELCOME 75 S. Frontage Road - Vail, Colorado, 81657 MEMBERS PRESENT Henry Pratt Luke Cartin Dick Cleveland John Rediker Michael Kurz Webb Martin MEMBERS ABSENT Pam Hopkins Site Visit: 1. Betty Ford Alpine Garden Education Center — 530 South Frontage Road East 45 minutes A request for the review of a conditional use permit, pursuant to 12 -9C -3, Conditional Uses, Vail Town Code, for a public and quasi - public indoor community facilities (education center), to allow for the construction of the Betty Ford Alpine Gardens Education Center, located 530 South Frontage Road East /Unplatted, and setting forth details in regard thereto. (PEC140005) Applicant: Betty Ford Alpine Gardens, represented by Jack Hunn Planner: Jonathan Spence ACTION: Approved with condition(s) MOTION: Kurz SECOND: Cartin VOTE: 6 -0 -0 CONDITION(S): 1. This Conditional Use Permit approval is contingent upon the applicant obtaining Town of Vail approval of an associated design review application(s). 2. The applicant shall mitigate the employee generation impact created by the new net development in accordance with the provisions of Chapter 12 -24, Inclusionary Zoning, Vail Town Code. The applicant shall make the required fee in lieu payment to the Town of Vail prior to the issuance of any building permit. 3. The Town of Vail and the applicant shall mutually agree to amendments to the existing Betty Ford Alpine Garden Lease to include provisions for the center. Said amendments shall be made, and the lease agreement fully executed, prior to the issuance of a building permit for any improvements associated with this development application approval (PEC140005). 4. The applicant shall adhere to the Betty Ford Alpine Garden Family Education Center Operational Plan, dated June 30, 2014, in all matters referenced, including, but not limited to, proposed uses, program of space, parking, access, deliveries, events, occupancy, building materials and lighting, unless amended per 12- 16 -10, Amendment Procedures, Vail Town Code 5. The signs displayed on the illustrative plan set are for illustration only. No signs are approved as part of this application (PEC140005). The applicant shall submit a complete design review application to the Community Development Department for review and approval prior to the installation of any sign. 7f AW 14 6. The applicant shall return to the Planning and Environmental Commission 12 months following the issuance of the Certificate of Occupancy for a review of the Betty Ford Alpine Garden Operational Plan. 7. The Betty Ford Alpine Garden Operational Plan shall be amended to strike "and possibly corporate groups seeking a unique location to host a small gathering." from the Rental of the Facility to Third Parties section. Jonathan Spence delivered an overview of the current status with Betty Ford Alpine Garden application, provided clarification regarding the accessibility path and criteria under which it was reviewed. Commissioner Pratt asked if any PEC members had questions for Jonathan, then invited Jack Hunn to address PEC on behalf of the applicant. Jack Hunn stated that not much had changed on the plans other than doubling the number of toilets. Jack asked if the PEC would to entertain a full presentation. PEC declined, asking only for new information. Jack discussed changes to the plans that have occurred. Commissioner Pratt asked for public comment. There was none. Commissioner Martin stated he was happy to see the EHU mitigation was resolved. Commissioner Cartin asked for clarification regarding the roof top deck, its covering, and if it had an effect on occupancy. Spence provided clarification. Commissioner Cartin asked for clarification on when the accessibility path would be constructed. Spence discussed the time frame of the two projects (Playground and GFAGEC) Commissioner Cleveland asked if the timeline for completion was realistic. Jack provided details on the proposed schedule including timeframe and completion date. Commissioner Cleveland referenced his support for the project with the exception of the special events issue. He thanked staff and the applicant for addressing the issues to the Commission's satisfaction. Commissioner Rediker asked if the operational plan was part of this application. Jonathan stated it was and if it were to change, as allowed through the code's amendment procedures, then the PEC would likely see the applicants again. Commissioner Cartin wanted clarification on rentals to third parties and requested the PEC receive an update if this issue received further clarification. Commissioner Rediker stated that rentals to third parties were problematic as he believed it was counter to the Park's master plan, and was leery of supporting this application for only this reason. Rediker then stated that he would like on the record a recommendation to the DRB that special attention be given the landscape plan as this area of the park is not received necessary attention. Jonathan informed Commissioner Rediker that a detailed landscape plan would be reviewed by the Design Review Board. Jonathan asked Jack Hunn if he would like to respond to Commissioner Rediker's comment on third party events. Jack said his hope was to keep future opportunities open. Commissioner Cleveland asked for Jack to remove the provision for third party events. Commissioner Pratt suggested a special events committee could grant approval for events. Commissioner Rediker clarified that the issue at hand is not BFAG- sponsored events; it was third party events where the concern lies. Commission Kurz asked what the capacity is. Jack responded it was 180 people. Nicola Ripley stated it was BFAG's hope to leave open the possibility of expanding their revenue sources. Kurz stated he had little concern with events there, but did not think the Commission on Special Events was the appropriate oversight. Jonathan stated it would be the Ford Park management group that would review special events occurring in the park, not the town -wide Commission on Special Events. Commissioner Pratt Suggested a review clause on the proposed operation plan. Rediker expressed support for that idea. Commissioner Cartin asked how the events would be catalogued. Warren Campbell cited the example of the Cascade Village. There was agreement from the PEC. Commissioner Cleveland observed the two BFAG employees that used Betty Ford Way during their site visit. Commissioner Pratt brought up vehicle access through the west gate and inquired as to what the long term plan for its operation was. Spence discussed the access management plan for Betty Ford Way. Commissioner Kurz made a motion with provided conditions to recommend approval to the Town Council. Kurz included additional condition, #6, that the applicant return to the PEC for a review of the operations plan 12 months after the certificate of occupancy. Commissioner Cleveland, at Commissioner's Kurz's request, added a condition #7 concerning the removal of language regarding corporate groups. Motion seconded by Commissioner Cartin. 15 minutes 2. A request for a review of variances from Section 12 -6C -6, Setbacks, Vail Town Code, and Section 12 -6C -9, Site Coverage, Vail Town Code, pursuant to Chapter 12 -17, Variances, Vail Town Code, to allow for a storage room and deck expansion within the side setback area, located at 4289 Nugget Lane (east side)/ Lot 6, Bighorn Estates Townhouses and setting forth details in regard thereto. (PEC140017) Applicant: Steven Miller and Ann Kennedy, represented by Eagle County Contractors Planner: Joe Batcheller ACTION: Approved with condition(s) MOTION: Cleveland SECOND: Cartin VOTE: 6 -0 -0 CONDITION(S): 1. This application is contingent on the applicant receiving approval of the associated design review application. Joe Batcheller gave a presentation per the staff memorandum. The Commission generally supported the application. Commissioner Rediker asked if staff identified any floodplain encroachments or other stream health concerns. Joe Batcheller responded as to how the grade of the site, 50 -foot stream setback, and floodplain limitations all impacted the site and that there were no current impacts which needed to be addressed. 3. A request for a recommendation to the Vail Town Council on a major amendment to Special Development District No. 6, Vail Village Inn, pursuant to Section 12- 9A -10, Amendment Procedures, Vail Town Code, to amend the condominium use requirements and restrictions for Phase V (structure at the northeast corner of the intersection of Vail Road and East Meadow Drive), located at 100 East Meadow Drive /Parts of Lots M and O, Block 5D, Vail Village Filing 1, and setting forth details in regard thereto. (PEC140014) Applicant: The Village Inn Plaza -Phase V Condominium Owners Association, represented by Steve Cady, Vice President Planner: Jonathan Spence ACTION: Tabled to August 11, 2014 MOTION: Cartin SECOND: Cleveland VOTE: 6 -0 -0 10 minutes 4. A report to the Planning and Environmental Commission on the administrator's approval of an amendment to an existing Conditional Use Permit, pursuant to Section 12- 16 -10, Amendment Procedures, Vail Town Code, to allow for an expanded exhibit space for the Colorado Ski and Snowboard Museum, located at 231 S. Frontage Road East /Tracts B and C, Block 5D, Vail Village Filing 1 and setting forth details in regard thereto. (PEC140016) Applicant: Colorado Ski & Snowboard Museum, represented by Susie Tjossem Planner: Joe Batcheller The Commission expressed their support of the administration approval. 5. A request for a recommendation to the Vail Town Council on approaches to address identified elements to ensure the special character of Vail Village is not just maintained but also enhanced through the Vail Village Master Plan as an outcome of the Vail Village Character Area Preservation project, an initiative to examine the Town's current regulations, design standards and guidelines applicable to Vail Village. Applicant: Town of Vail, represented by Braun Associates, Inc. Planner: Warren Campbell ACTION: Tabled to July 28, 2014 MOTION: Cartin SECOND: Pratt VOTE: 6 -0 -0 6. A request for a recommendation to the Vail Town Council on the adoption of the Vail Valley Medical Center Master Plan, to establish a comprehensive redevelopment plan for the Vail Valley Medical Center, Lot 10 (Town of Vail parking lot), and US Bank Building, located at 181 and 281 West Meadow Drive and 108 South Frontage Road West/ Lots E, F, and 10 Vail Village Filing 2, and Lot D -2, A Resubdivision of Lot D Vail Village Filing 2, and setting forth details in regard thereto. (PEC140011) Applicant: Vail Valley Medical Center, represented by Braun and Associates Planner: George Ruther ACTION: Tabled to August, 25, 2014 MOTION: Cartin SECOND: Cleveland VOTE: 6 -0 -0 7rlW 44 An email from Albert and Yvonne Martens, M.D.s dated July 9, 2014 was made a part of the record. 7. A request for the review of a variance from Section 12 -6D -6, Setbacks, Vail Town Code, pursuant to Chapter 12 -17, Variances, Vail Town Code, to allow for the construction of an addition within the front setback area, located at 1807 Alpine Drive /Lot 44, Vail Village West Filing 1, and setting forth details in regard thereto. (PEC140012) Applicant: Contro Ituarte, Magdalena Sofia — Moreno, represented by Pierce Architects Planner: Jonathan Spence ACTION: Withdrawn 8. Approval of June 23, 2014 minutes MOTION: Cartin SECOND: Martin 9. Information Update 10. Adjournment MOTION: Cartin SECOND: Kurz VOTE: 5 -0 -1 (Cleveland abstained) VOTE: 6 -0 -0 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 July 11, 2014 in the Vail Daily rnwH of vn' �Ii> VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: July 15, 2014 ITEM /TOPIC: 1 -70 Vail Underpass Update PRESENTER(S): Tom Kassmel ACTION REQUESTED OF COUNCIL: No Action Requested BACKGROUND: The 1 -70 Vail Underpass is a proposed new multimodal pedestrian and vehicular connection that is midway between Main Vail and West Vail exits, passing under I- 70. This underpass has been identified in the Vail Transportation Master Plan (VTMP) and the CDOT 1 -70 Programmatic Environmental Impact Statement (PETS) as a critical link between the North and South Frontage Road. The Town and CDOT have recently entered into a Letter of Commitment and an Inter - Governmental Agreement (IGA) to jointly fund the design and construction of this project with an expected completion date of December of 2017. CDOT, the Town of Vail, and the selected design consultant, Felsburg, Holt & Ullevig (FHU), have begun the preliminary design process based on the recently endorsed preferred location of the underpass. The purpose of this update is to provide the Council with an update of the preliminary design progress. STAFF RECOMMENDATION: This is a status update with no recommendation required at this time. ATTACHMENTS: Memo Comparison Layout May vs July Current Layout 7/15/2014 0 TOWN OF VAIL � Memorandum To: Town Council From: Public Works Department Date: 7 -15 -14 Subject: 1 -70 Vail Underpass Project Update I. BACKGROUND The 1 -70 Vail Underpass is a proposed new multimodal pedestrian and vehicular connection that is midway between Main Vail and West Vail exits, passing under 1 -70. This underpass has been identified in the Vail Transportation Master Plan (VTMP) and the CDOT 1 -70 Programmatic Environmental Impact Statement (PETS) as a critical link between the North and South Frontage Road. The Town and CDOT have recently entered into a Letter of Commitment and an Inter - Governmental Agreement (IGA) to jointly fund the design and construction of this project with an expected completion date of December of 2017. CDOT, the Town of Vail, and the selected design consultant, Felsburg, Holt & Ullevig (FHU), have begun the preliminary design process based on the recently endorsed preferred location of the underpass. For reference each of the past Town Council presentations and Council meeting video links along with additional project information is available at the project website at www.vailgov.com /underpass At the May 6t" Town Council meeting, the design team presented four specific underpass intersection configuration concepts including; • T Intersection with WB Bypass / T Intersection with EB Bypass • T Intersection with WB Bypass / Single Lane Roundabout w/ Aux. Lane • Single Lane Roundabout w/ Aux. Lane / Single Lane Roundabout w/ Aux. Lane • Compact Roundabout configuration / Single Lane Roundabout w/ Aux. Lane After much discussion with Council and the public the Compact Roundabout concept configuration was recommended and endorsed. The purpose of this Council session is to provide an update on the design and the schedule. II. DESIGN UPDATE Since the last Council session in May where the Compact roundabout concept design was endorsed the design team has progressed into preliminary design. Over the past 2 months the design team has updated the compact roundabout underpass concept to a preliminary design level. At this design level the following were considered in more 7/15/2014 detail; vehicle fastest path, detailed truck turning movements, bridge structure lengths, retaining wall heights, wetland delineations, and the previous Council and Public discussions and endorsements. As a result the following design updates have been made; • North Roundabout remained at the preferred west location, previously identified in May as "Compact Roundabout — Location 1" • North Roundabout increased in size slightly from 107.5' to 110' in diameter, the additional couple of feet was pushed toward the interstate. • South Roundabout moved approximately 100' to the west and decreased from 130' to 110' in diameter; this reduces the underpass skew from 27 degrees to 7 degrees, a desirable design consideration. The above changes provide safety and traffic operation improvements resulting in slower entrance vehicle speeds and it allows all trucks to make all turning movements. It reduces bridge structure width and costs, requires an increase in retaining walls on the south side, but avoids the existing wetlands on the south side. III. NEXT STEPS The design team will continue to move forward in preliminary design and the environmental analysis. During preliminary design and the environmental analysis the design team will more thoroughly vet the design solution, including but not limited to; • Further refining the horizontal and vertical design layout as necessary, • Determining the best horizontal and vertical design location; finding the 'best fit' with emphasis on reducing encroachment and impacts on private property, and mitigating visual impacts. • Structural selection for bridges and retaining walls. Taking into account structural needs, impacts, and aesthetics. • Project mitigation measures for adjacent properties in close proximity to the proposed project related to environmental impacts, including Visibility, Noise, Aesthetics, Lighting, Air and Water Quality. • A 3D interactive rendering to be prepared and presented to the public at a future Town Council meeting and Open house this fall. This model will allow the public to visualize the underpass and how impacts may be mitigated. IV. PROJECT PROGRESS SCHEDULE As we continue thru this collaborative process the following is a list of key design milestones and more formal public input opportunities anticipated to occur during the design process. As this process is dynamic these dates will fluctuate as the project develops; July 2014 Town Council Update (Design Progress Update) September 2014 Town Council Update (Preliminary Design Complete) September 2014 Open House October 2014 General Contractor Selected for Pre Construction Services Town of Vail 7/15/2014 Page 2 IV October 2014 Town Council Update (Environmental Clearance Update) March 2015 Town Council Update (Final Design Complete) March 2015 Open House (Final Design) March 2015 -Jan. 2016 Right of Way plans and property acquisition process January 2016 Final Environmental Clearance (FHWA) March -April 2016 Construction Documents, Bid & Award, Open House May 2016 -Dec. 2017 Construction As the project progresses public input will be taken continuously thru the project website at www.vailgov.com /underpass and thru specific stakeholder meetings and correspondence. STAFF RECOMMENDATION No action is required of Town Council at this time. VI. ATTACHMENTS Updated Preliminary Design Layout and Comparison Town of Vail 7/15/2014 Page 3 COLORADO D.—m.f FELSBURG TI—p. — HOLT 1=70 V ail V nderpass P.n ULLEVIG TOWN OF VAIL ■ Compact Roundabout #1 (May 2014) ■ Latest Design (July 2014) 0. 50' 90! 200' ki 4 y. X 0 . . . . . . . . . . . Ire .4. T-ro*, 44- 31, OP *a MIA. �4 IV P-1 .14 4 _49 2 71"r � 111'IG tiFVIG 1 -70 Vail Underpass `'1 ,IF 1 GHD Design - 7/3/2014 ,kV C4lDAADO TOWN OF YA rnwH of vn' �Ii> VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: July 15, 2014 ITEM /TOPIC: Rental Licensing Program Council Discussion PRESENTER(S): Dale Bugby BACKGROUND: Review and discussion of proposed ordinance enacting licensing requirements for vacation rentals of residential property for less than 30 days ATTACHMENTS: Council Presentation 7/15/2014 Vacation Rental Ordinance 2014 Town of Vail Ordinance Draft Goals of the new ordinance • Elevate the quality of the guest experience with protections from un- regulated rentals • Level the playing field with other lodging business license holders on license fees and other obligations • Assure that taxes due the Town are getting paid • Create penalties for non - compliance • Raise revenues for VLMD and TOV • Ensure that rentals remain part of the community These goals match the Town of Vail To be the premier international mountain resort community... We must adapt to the marketplace The vacation rental market has changed with some owners renting online without typical management company assistance for front desk check in, reservations, advertising, accounting, tax reporting, maintenance or housekeeping "W O P - 0 Filn Fii- Iii.v,- F--.unr� R-1r, HomeA way- K:E I r2wrIcr L�rlr UNtmrLaglr. I UP U t Your P"P:frj 1prti my rnqe6,.tifr- '!: 2— - A ' . --' IL= ., I -.. 1. —, , - -A t ILGA Q do- -A-j Hr. Ffi- Virt-w Hr-lp ebOl 11 OL e.?IMA Am tGjl qdng-1 SUMSE — sic N LIP Lcr- IN N--a1'— I 1,S] Y4xWSPlc:, Neighborhood Guides "W lr- I � W III, 1I F".. 1- 11: f,O - 0 1 w Filn F-Ii- Vi.v: F..mr�:a T-,::[-. Kip Ova �J.O(H) 'am "i 'r-oidiv ocaxh -iousca condo rd talc wid va;;ztcn hcm.c rc-'-za s Vacation Berl L,51!ii.LfJ M EM LL L' - firwh Berta I !A. I IM.PdH fIll.116 11-10 1 w:N.TlrN 2LI T;Ill p-li-wrly tvotv aull 11 1 W.111mi1v I ludip 7csvullor oFffs1spI Ir. chcek 4.1, ova,,- ar,ejv�j hdAeGi-.- es. 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MAIN ':Parch A,-rrim inf3fJ.-krimr J�TJR -n� CJ:L�XL� I L-I.tIJ 5-hte� , '-'OVjJL- db Fr, i Fm,, rT Pet Friendly VaCafl,011 Rentals in Vail, CO, USF Mcmto RiJ a x. mm -,',ad. UeL-. v 1 No pml:Jen Vo. '.1 &1 of dnq triv 11:,;11 F.5 Anc nrrkThr am 4,Rai & --i- • thrrrxid 13nA rarer mm.Aic w:P %'r[. 7-1 J9R e tcfK sca�v on -.h=rpc-. vik c� mA r:4r&s cicc-:r EL�= , Th v !�sn Pa( wtrh zho- howq.%var "�r, wil t!,;' =11 IL:L:. sic --ut 91`«^ -,!L LeM ISlp vu t!IeA.Lwt ArferL ptL rrr.JL'J! -0-1 Security of the traveler online and at his destination is a growing concern. Scams to steal vacation rent navments are growing even with the "reputable" online services N O US State Department Warnings . _. _. .. -�ary rar ..- .Irl'T'� --. ..— r�;iSJI :• � .„ :. Y N�r� ::�Ca.tal File Ed:- VICW la•+rAc; Ir_ri; H --1r Real Estate-and Ol-efi'pn-Yment Hr {niid Sr Irrirrrrr% IAIKe: i ikr adVHTIIALrf' csl 1 and r.rlhl Lr IrF'et chsssi`I {•d Asti: ,ls to defraud vk ns- to 1-I= s - jiI), L-it nels w1sit a cciI7me rcri c=-tct L+cbsltc zinc+ y!cn re lki- he tor bent 111 '.1 M ILI' I[,.. i l]IAIIi I � I Y 1*! FI - Ir-III I JI :1G 3 r.•% 11: 1;: -I: L:31 I' it' x: muirnn'94 . heu anskyar c--ml Inquin es about the properties. arc collact erital ®p¢ lest ens 7r,,1 r-rA[- riinr f. r� f -non -hr: w nl ild F.r. t:-nr,ntc OVF.l'jM1k'FUleTl1 lieftill(IN— '81)TT Yl- CANN I11H41N.Illy Fl7olllt`,'4 ba&O I hn rFT�- hrr, in tr:^� tr cell rr -1 h -r, n. :•rl t.nl rr a �elh� lui Ia_,_JJ I u: i ? -1w.. Ile hidt� r uuekr the =eel urriei ; •M•.na peyL xampty ail,- ar ,rtcrnationi mcncy cNcr ey ml=_takc. Clc r-yc- cnclosc- ruI IIIIII h I nLYY -t: r I -',i!i i-F r!l-i7 Iri rle. --III ti' 'V ?.n'} vw. Ilf $ I Ili- IFIC. D'r;er =_oueLts °et .r.e Eellet re xid the exc ?ss rronw. Ala :"ae=_tem M cn Fca'• -1x iri awarosw-c.. e -'- 8-,V(lrr -dji p �•t� °h =A T- --tW 1 arnlnrr lil a•- rJ- I�..d•.tid�l�Irrinrl 'V F,313ra 1-as �JCt# N. Edit View F—ft Taok cn N 0 AARP Warnings Drivers Over 50 !� who switch their Auto Insurance, save an average of $404* A Or Call 888- 489 -8831 1 AARP TENNESSEE Giving 50+ Tennesseans news they can use OUTSMART THE SCAMMERS: Beware of Craigslist vacation rental scares: guest post on U l ur'u 1, by Karin Miller � .-ANP'6ioa .vutnc Comments t21 Print �I Jason Koertge of Panama City Beach Luxury Properties pens the latest installment of AARP Tennessee's blog series 'Outsmart the Scammers.' r One of our properties is being used in a Craigslist listing to scam thousands of dollars from unsuspecting guests looking for a vacation rental property in Panama City Beach, Florida. We have managed this property for the owner since March of this year,. and since April it has been booked solid through October. The scammer continues to put it up on Craigslist purporting that it is available. and accepting deposit money through PayPal, but it is not available_ The scammer is also fisting other properties on Craigslist and accepting deposit money for them as well Each week we get a call or two from people who have sent the scammer money and are wanting to confirm with us their reservation. It's sad for us to tell them they have been scammed. Please be very careful about what you rent, who you rent from and how you do it. I have written a blog post about this on PC90ai Ey about how you can prevent being scammed and what you can do to help prevent others from being scummed. CATEGORIES Advocacy Events Health & Wellbeing Home & Family Local Resources Money & Work Press Volunteering Q YOUR STATE Your state is currently not set_ Not set v stay CONNECTED Yot ap Join for Just $$16 A Year Discounts on travel and everyday savings Subscription to AARP The Magazine Fle Edit View Fa vtes T —is Beip AARF COLORADO Keeping Coloradans informed, engaged and active Don't Let Stammers Ruin Your Vacation Pusled on 031412014 by Jeremiah Mora Comments a Print VIP dow lot �m :d6 • ,irt ♦t 1nt�r'l� to SU'i 111t� [l a phishing scam used to solicit your personal information_ We often dream about taking the perfect vacation, but stammers can turn those dreams into nightmares_ Here are some travel - related scams to watch out for Free Airline Tickets:. you receive an email or a letter from a company that appears to be a legitimate airline, claiming that you've won two free roundtdp tickets. But to claim your "free' tickets, you must attend a seminar where high- pressure sales tactics are used to talk you into paying for membership in a travel club_ In other instances, the free ticket offer is CATEGORIES Advocacy Espanol Events Health & Wellbeing Home & Family Local Resources Money & Work Press Volunteering 4 YO R STATE Your state is currently not set. Not set v stay CONNECTED Vacation Rentals: you search online for an apartment or a home for rent in your vacation destination and find a Q nice rental at a very low price. The "irenter' requests that you wire a deposit for the rental. When you arrive at the 0 13 property, you discover that it either doesn't exist or is not for rent, and you're left with no place to stay and no way to get back the deposit money you sent � rr. Timeshare Resales: you've been looking to sell that timeshare you no longer use and you think you're in luck when you receive a phone call from a company saying they have a guaranteed buyer for your property. You wire them some upfront fees to begin the transaction, but your timeshare is never sold and you can no longer reach the company. To avoid these travel - related scams_ • Be wary of upfront fees • Read the fine print of any offer, sales contract or rental agreement • Check the company out through a third -party like the Better Business Bureau. Join for Just $16 A Year Discounts on travel and everyday savings Subscription to AARP The Magazine A voice in Washington and in your community • Free membership for your spouse or partner • "W S�2 N —."2=C.. u_ f_— JO - C FjLv­F,+.1L'-T-k -v-- Fi, --i. T— H-v Rlpff Report :;cimpijinh I I.r.An=. � I III _. - i1a y0a rwR.w Ian mij" 7 air IrAhrq-,fF;i iwr-, ` RNon I Repon MONNOW-04- -Irr4'rt k-All, it :,r I Inri K-: iG)-A!)P- Rilpoff RPp4xJ Wpifk,41 R= 2==. I 1. y­— I.— ■ Kwnr ■ Hetp ■ Register to - I d.11 VL.;:-.; i,fwl. 1 #IW1 8,1170,565,977 • I o- qmlknt 1-11x my C:IyA .Ircm uauharwi� HOP $15,522LB17,2MIU - L&I e:i is lil::i 1 1.2 ■ RKIT Plepvl. viLiluck cxlrr�j'roi : r: A -ji-Eluduie-il. -iw h Lu fieb ■ RevhFw 1-3utt Reparls a A.6vanred GLL 40 Masteg LDr-k EL418KADCAM-TNfB Pythan AdFustable --,,rf4 ccfl"hRe amazon-com Lockina Cable. Braide-d Steel.. Cam a Calared. E-Fe21 Spring Update den an soul Complaint Review: VRBOII-lomeAway Vacation CIM rnb-e Rental Scam sBe IrNE- • S&MIttEd: Sir. -t-tr. jjiy 17. 201:1 ■ Updateld: Tte. rAluejw 19 21°O ■ R@Vort6d Ely: A;,jtblc — Colorado SpAnDa Golondo UnrlEd StULErz 01 x-IE'lH - �BD,Huft)&Awy Wouilen RBP::J Mara m pigonp: :,w In ■ Web: wixi !:im ii hrm K!;ivj?-y c, m 1,4 0 013k, Ct VRBOYHonleAway Vacation Rental Scam SA FIS F1 New R!poff Report Insider Video Released! VRBO /HomeAway Vacation Rental Scam Vacation Rental Scam Internet *Author of original report: Valid VRBO property listing Hen Smith Sac County Iowa Attorney Author of original report: Correction prosecutorial misconduct, improper *Author of original report: Correction relationship with star witnesses, allowing O a witnesses to knowingly I 4 $H Recommend this on Goagley Tweet o lie. Tracey Richter Roberts falsely convicted, overwhelming evidence leads to +ne os estranged husbanderwns Michael Roberts, Rexxf!erd failed Aribitrate & Set Record polygraph, witness Add Rebuttal to this Rep Straight intimidation, evidence tampering. Iowa Division of Criminal Investigation File New Report O Repair Your Reputation corruption. The New "Digital Extortion" Users attempting to rent vacation properties on the Is there a Ripoff Repoit on you? VRBO comfHomeAway_cam websites are becoming '—Is this frequent victims of Internet scams based on email phishing Ripoff Report _�•+�_�_ r attacks described in the article below from consumer _ advocate webslte elliofcom. VRBO listing 156539 is one About you? ofthe property listings on the site which apparently has fallen victim to this attack. Ripoff Report Shauna Kattler thought shed found the ideal rental home A business' first Reputation in Playa del Carmen. Mexico, for her Christmas line of defense Management vacation_ a two- bedroom penthouse condominium with a on the Internet. SEig WARNING. r hot tub and an impossibly They might contact you next! erfect view of the Caribbean P If your business Is sns what ­­ geed m k— And she was getting it for the impossibly low peak - season willing to make a W sea rate of $450 a night through HomeAway cam a popular commitment to vacation rental Web site customer satisfaction Impossibly being the operative word. Click here now.. Shortly afterKadler, arelocationspecialistfromKirkland, n °e.yonrbusi— h—Itad Wash .. wired the monev fa Mexico_ she discovered that _J now 19 lr h, isinessas you can tmstr The Forer Market Is a Centralized Exrhanrye. H http:! /.ww.w.ppgrrre partco mirYRBOHomeAway- YarateumPerllaFScnm +intemeVYRBOHo e4 ac° 4'acati9n- Rerrta{- 5ram- 4aatian- Festal- Y_am -Ir—P - 45 q Ripff Report I VRBO /Ham.., _ File Edit View F—Fitu Tank Help (« rHf AMAZON CLOTHING STORE amazon ummer Must - Han es Does business have a had ShoAly after Kafller, a relocation specialist from Kirkland, yO °r EM0 reputation? Wash., wired the money In Mexico, she discovered that Fix it th. right way. 2e20- posesthe real Bee shed paid the wrong person_ Her vacation dollars didnt go Corporate Advocacy Program' to the property owner, but to someone who had stolen the SEO Reputation Management owners e- ail password and assumed his identity through at its best! a crime tailed phishing. Sound familiar? It should. This past fall, I reported about new phishing problems on HomeAway and another site h owns, VRBO.com. I introduced you to Tania Rieben, who lost $4,300 at the slippery The A Gu WARRANTY u N DOESN'T fingers of a scam artist posing as a vacation rental owner In Maui. Since then, Ive heard from many more phishing victims who wired money to shady EXIST Niaeare characters pretending to hold the keys to a HomeAway vacation rental_ And Ive heard FaIrs New York from HomeAway, which says its taking steps to prevent future phishing attacks and help Human the customers who have lost money. More on its efforts in a second_ R­­ Lets get backtc Kadler. She tried calling the property, but the person who answered Bence lnc. center rot hung upon her repeatedly_ Finally, she contacted HomeAway, which reviewed her Pmdudye e-mail correspondence and confirmed her suspicions: Shed been scammed. teneav8v I rust Quit due to This is not a case of fraudulent activity on the HomeAway com site, but is a case of the Abuse crdelN 'respect and owners a -mail account being compromised, the company added_ HomeAway corn takes Ridi-le rrom winiam tc. zirke all fraudulent activities seriously, but our responsibility cannot extend to actions on aoultl�r euIi private e-mail accounts. Taco Bell is a RIROFF! Naeanwide Kattler is understandably frustrated. She says HomeAway should refund the $4,500 she Pimspent for 10 nights that shell never use After all, the crime happened because of one of TACO its listings. All they can say is Im sorry,? she says. HomeAway is not taking any BELL responsibility for the lack of security on their Web site - serry selaer Kta Aclualry, HomeAway is doing mare than apologizing, but it isnt taking full respbr ibility Sad take item for the incidents, either. Thats because the company insists that the crimes arenl being - committed through its Web site In response to cases such as Kadlers, it recently _ Chevrolet RUde expanded its optional Carefree Rental Guarantee to cover phishing losses_ lo—ran Its also working with its current phishing victims there are 18, it says to negotiate a oii s ixfad.n S.11 CAN uran teRa resolution between the property owner and the guest. HomeAway suspends a rentals listing after a phishing incident until the security breach r Gdmp vt.a is plugged which means that the property owner gets a new e-mail address_ In most of generamr xN `* creendot the cases, we do come up with a solution that makes everyone happy, says Carl Iwaneypak Shepherd, the cc- founder of HomeAway generator Last month, HomeAway also warned the 625,000 property owners and managers with =27=k, Yntemer listings on the site about the phishing threat and offered them advice on how to protect -, Health choice themselves_ Its encouraging its owners to use an optional new system called (« rHf AMAZON CLOTHING STORE amazon ummer Must - Han es Fk Ed`d View Favorite Tools creepd❑t M -.Vpah sene at.r Last month. HomeAway also warned the 62b,600 property owners and managers with 111I la t— ' cem does -t ..M lntemaf listings on the site about the phishing threat and offered them advice on how to protect Haves themselves. Its encouraging its owners to use an optional new system called Haalnt phmre Plus, P Reservation Manager that offers bank -level security for hopkings made onlino. The latest kids' lees, - era geaen ❑arpin Shepherd says customers could easily prevent phishing incidents by calling the property svvimweor, shorls, scam with nod real cusmmer to verify that theyre e- mailing the correct person_ Criminals havent figured out a way of and more, service Las Vegas N—da spoofing a phone number at least not yet. Kaeamba I am To that advice, I would add the fallowing: Never wire money. Every phishing incident Ive 1See_ mole aa Air" n tried to mediate every last one starts with someone reluctantly sending money to a Amancan Psych ic and I stranger. Once its gone, theres no getting it back. With a credit card, at least youre w t "`opPrr have apr iadfnr protected and can dispute a bogus charge. empwvment The phishing problem isnt unique to HomeAway. Other vacation rental customers have P Kasamba. known as eve Person, a Psychic rvl.ya also recent) been targeted. But HomeAwa s guests seem to be the most vocal. Man Y 9 Y 9 Y and Ei and nave been denied Employat. t of them contacted me [o ask for help otter the first column I wrote about phishing- The 111porl. company reports that some of these disputes have already been resolved. loth s �_ because then say I have Profile Issues. They tell me to maxe ad But not all of them - Kattlers grievance is still under investigation. She flew to Mexico as L EGA L DIRECTORY Discnmlri Internet scheduled and paid another $2,000 FIFTH THIRD for accommodations. Business's i11) BANK re- And Riebens case may never be solved. The real property manager in Maui says that Lawyers and Law Firms [53121 Sege. nano ereclpn;cdebas he warned Rieben that he was the only point of contact far the rental but. that Rieben Administrative Law f11} AAaausta. Vied to find the owner and then stumbled into a trap, according to HomeAway. . Admiralty 8 Maritime Law (27) Georgia Although the property has offered her alternative dates for a stay in Maui, no agreement Agricultural Law (2} has been reached. Alternative Dispute Resolution (10} �� aaav Mpney We feel horrible for her, Shepherd says_ Antitrust 8 Trade Regulation (1) Team (DMTY Intl Ins9anr So do I_ Appellate Practice (72) L Rewards SCAM Aviation & Aerospace (11 } ALERT" instant Rewards. Daily Money Team. Banking Law (gp) Instant Mapev rvelw❑rk This report was pasted an RiiRepert on D2I172013 n822 PM and is a permaneni record )orated • BanknrDtcv t380) hti❑ ndadWmpn eyteammM here: http. fiver <nv.npofTreport.camfrNRBOHofn Away- Vacation- Rental- Sca�ntemeUVRBOHomeAwaY- . Business Law (232 Nahpnw;de. Vacat ion - Rental SC m -Vac tion- Rental- SCaarrintemet- 1015447. The posting time indicated is Anzoma Civil Rights 155) �riczuiev wry rvetwpncs isolates local time Arizona does not observe daylight savings so me post time may be Mountain or Pacific depending on the tinge of year Class Actions (317) Att❑mey Renuesi 6ic ZUfey replxt Commercial Law on sieve❑ Escobar Fs pure Ripoif Report has an exclusive license to this mpaR It may oat be copied uviVloul the vmtien pennissian Law Communications Law (1 ) Retaliatlon because Sieyen send Of WpotT Report. him an attorney leher.Intemet Constitutional Law (1) Construction Law (83) Kai dM.Fd aN n — Click Here to read other Riooff Reports on VRBUHomeAway Vacation Rental Scam - Contracts (7) KalMiaarrt Hite Corporate Law (751 scw❑mre Body cul Search for additional reports Criminal Law (668} M— cheap 13—, ITyou would like to see more Rip -oft Reports on this eomparryfindividual, search here: • Debtor $ Creditor (51 } Miami ®each Education Law (14} FI °' "ia VRBOfHOmeAway Vacation Rental Scam Searcfr O Search Tics Elder Law (771 Jennifer Payne .r. ElectlOnCarr ign 8 Political (0) - I MEMO py File Edit Vi— FaVOrite Tn 1l IV O AARP The Magazine AARP Bulletin In Your State AARP Foundation Discounts Mom, 0 ©LIW Rewards For Good Register I Log In s AARP MEMBERSHIP: JUST 516 A YEAR 1�01 1=01 EN ESPANOL HELP I A to Z Search AARP.org • JUMP Real Possibilities MEMBER BENEFITS HEALTH WORK & RETIREMENT III HOME & FAMILY ENTERTAINMENT FOOD TRAVEL POLITICS GAMES Up to $100,000 in affordable term life insurance. uki-7. CLICK HERE No medical exam —just health information. For ' ° °° ® For Details Ad AARP Home » Money w Seams & Fraud n Avoiding Vacation Rent. Avoiding Vacation Rental Seams Online sleuthing and a little common sense are your best protection by Sid Krchheimer, AARP, May 13, 2013 41 Z J= 44 I W Tweet 26 S +i 3 [M Share En espanoi l Now is the time when many summer seekers make arrangements for that long- awaited week at the beach or in the mountains That means it's time to guard against vacation renfal rip-offs The fraudsters' basic technique is to place phony advertisements for vacation ,entals at great prices. Most tur `ir■i ' ,ll' � �, ANN im i Safe Driving in 2014 Sweepstakes Learn how AARP Driver Safety can -1 help you stay safe—enter for a chance to win $1,000- Rules Up to $100,000 in affordable term life insurance. No rmdiml exam - just hcuhh uJurmntion. n Hfe Edit Vi— Fa 1oi Toots The fraudsters' basic s� technique is to place phony off _ advertisements for vacation _ i rentals at great prices_ Most --� commonly they steal property descriptions and photos listed If the vacarron rental offer looks too goon ro be true, ft's proaably a scam — cnrrs on legitimate real estate RyaWiamy websites. Or they may post addresses of homes that aren't for rent or simply invent a rental by posting a made -up description and nonexistent address. Get investment advice and money- saving tips in the AARP Money Newsletter. Sign up now! The ads often show up on Cratgslist, but can also be found in newspapers, online chat boards or phony real estate websites that the croaks themselves create_ The goal is to get an up front payment from you or tuck you into completing an application form that requires personal information the More Scams to thieves can then use to steal your identity. You may even receive keys., Avoid a rental agreement or other indicators of a legitimate transaction, but when you arrive at your paid -tor getaway, you learn it was all a ruse. How prepared are you to avoid common scams? Recently, we've seen variations that go beyond summertime swindles. • Protect yourself from • The same approach is increasingly used for longer term rentals, scammers especially in college towns or areas popular for retirement_ Such misrepresenting scams especially target people looking to downsize and boomer Obamacare parents of college -bound students. Don't fall for this popular email scam • Owners of properties that are in the latter stages of the foreclosure process sometimes offer their vacated homes to unsuspecting Received a scam? renters_ When the property is seized, the tenants are evicted if they Here's how to report it can't produce a Pease that the lender will honor. • Homes that lie empty for months think houses of snowbirds who head south for the winter — have been broken into by con men who then "rent" them to unsuspecting folk. The real owners return to find unknown and unwanted people living in their homes_ Join the Discussion: Where would you most like to travel? N. mcdical exam - fast twaidr inrornwlion. -AA W' " Join or Renew With AARP for Just $16 a Year Discounts on travel and everyday savings Subscription to AARP The Magazine A voice in Washington and in your community Free membership for your spouse or partner THE CHEAP LIFE Catch the latest episode of The Cheap L fe starring Jeff Yeager, AARP's Ultimate Cheapskate. Watch DISCOUNTS& f r Fru mmpani- that meet the high standard; of serves and quality set by AanP i!* Members can earn 3% n N O_ rik Edit Vices Favorites Teolz n been broken into by eon men who then "rent" them to unsuspecting fell- The real, owners retum to find unknown and unwanted people living in their homes- Frwn -mpani -that meet the high M—dards f —i- -d nuallty set by AARP Join the Discussion: Where would you most tike to travel? Members can earn 3% You can avoid these ruses.. Common sense is great protection. Trust your instinct: if you're offered rent at cash back on purchases an impassibly low cost, d probably is impossible. But doing some homework can help, too- with the AAl Visa® Card 9 Ways to Protect Yourself From Vacation Rental Scams from Chase. 1. Before paying anything, first check out the property yourself, or ask a local to do d on your behalf. If you Into on saving for education can't take those steps; run an online search of its address, as well as of all names, emails and phone from HARP College numbers of the supposed landlord or agent. Red hags include search results that indicate the property is for sale (and not for rent), a nonexistent address, an address listed for a business or other nonresidential Savings Solutions from property, and postings by people who fell victim to this particular stammer- E TIAA -CR EF. IT. 2. Copy and paste into a search engine whole chunks of the ads descriptive text to see whether it's been Credit safeguards with copied from elsewhere online. If that search reveals a bona fide listing of a for -sale home, assume that the AAl Credit and Identity rental offer is the work of a stammer. Theft Protection from 3. Use an online search engine's map function to get an aerial view of the property. There may also be a Trustedli street level photo. Join or renew today! AARP Next page: Why you should never gay for a vacation rental with your debit card. a members receive exclusive 2 Next » __- _ member benefits & affect - - social change. See All u TOPIC ALERTS Ma ^ca :- nn the topics term Just click "Follow' Fraud HiIY`li� Travel5rarns 13 S�n6 antl �� Avoid4n9 Travel satety MONEY MATTERS @ Sign up for simple ways to save a buck, expert © Travel tips i�ilY"il� © Se h Avoiding trove! scams investment advice, scam alerts and much more View Sample Newsletter I Privacy Policy WE RECOMMEND n "W 'OMG. hDrr,-areo—D lilt! Wil. View IN-nufr.n luuh, IWIp In rrh, t-,pT, Mn trt rg" 9 G 93 24 Home Mind Math Method Means — IWdrwimc to Wr,Tiffi wrhPT6TH .! ltt-his l; )7 r I`I,i--,IiweK Irma Thr .,;It^. pimsr- %ta- n7re.- 10 HIII LO spot a avoid a tiracation rental scam? C 5 1p Tv 4 ,h VREM span ir Hamm way 'EAR%F .Yvi 'In TIM IV-irr)p r-1 T-U.1�, 'JI., -J. 11 �wffirt-.i rdnfsp. 'rr.-i ?i —r2.-Epr, ihl 141-.hnit It. IN-r. - p nwrrir --nrwK Y , nCnrinq ra,&Ok r`a 7.w — Coe Irks thp pi, rn; Mt nil -.f MI-A,;L W-t) C, lit l Ii. mArAril,min—.rl:-ne r ',11NXI -rrA rriTtrd tint 2r rr4i,,1Y4 vr rh., tr thr ra -re Mtrrmw, . SarKf., Fez tak-n d-:4-r her po---,, bui- I tl ,mgl-t it �k;oul= b= �� ped twr to- r-MC{,; SUrrO t4ps Cr. 63 :arc ycwwlf frc--i bcwrrYFFga � c-Jn of vacation rarital warra. How to save yourself from 11-1 an-%eaway. VRBO or any vacation rental scam? FLIPKEY- $ 0001 261 �Yr L IS: F L3kr Ri - I;F.AT(.D OFFFR : URFF FWANCTAT M A N A C, F 7VTl 7. -NTT (W 10 1... : - 1 1: 1 ".. I I - E! -! P 11: 1, 1, 1112 - - , . - " r, - - L ';: ! - -.., .. . , P - d 1 161 v,. . ti,, :x, ', I A..,. i'l K,.. x. Vacation scams can cost you any tirne of year Watch fi3rthL- -warn ing signs Of tFi3VL-1 fraud Fu:lst!d 4!11 :7 -D —k.um.s"eun-itl Yrnr� Find Ratings -TvAr dwrr mpAn -,r4- rAn ir ekf,) � -,wir fl alrd : -Ai 1- owi-r. All 151C. w.VC1 Ecil•u AqL. �4 wIftV. n sir- 7I M1 IYj thn F-ArPR r.,r. Y.,wrr, Fd'ky. x w; -.fri t-rlAW 'Hrr. An w.?w h. :1., rqm. 5,C11 :odd cn: up %%=ruvou mver C.41n era lh;f; I"FA, drf.A;Wq Tnvl, r lh;. r.:Hnfl - I. " >jui--3:,3Icr ft4)Tc w4a a(•, IrKLdliq A.'m -yrrc,:l hDTIM X1 =W-kl Lrd •AEonkm C =�C-31kf1j- I hDA,,Abor:'z :,3n: jrcwIi.2: I:I pq_� acucpl, L; I M I:I I— VA kILVI'Mi keddevilmed dw_rle: A-I'm lkui iirmvu�:,m.-t, --4 niil tr-ekbk U r5Zt;.jL:-.j3•, 0jIIj2ITaU:pjVm:rath:e- -&,: -,:un,:r-; Lca.-uuMnr,33nv r--Ii.-I oPNvc3wnznc 4mm al U: L.•2 •U M. SUBSCRIBE ONLINE ,Ion I.AlmyA 74 4L7 OVIM 8alxss III I- L-;p71 - LMiiU!-Anx- wictrAv I)xIN rvkjd_d it wa ShopSulart Magazine to ol en.--. h2 W;t. YaoNwarrjm,-r -rp ]I. d:u" L-El %iAIA Swbsc,ibii to SkapSmari A growing trend is rental of your sofa or extra b whether you own the home or apartment or just rent it yourself and want to sublet a portion to anyone you meet online "W Filc Ldi- Pico FLT-pDrfic; ICCIi H-19 vdI. Cc4 J.Ijkrj 3UK� Lanquaga a d Cwr�cr y riw & A irb!-b, Lm. ail V,3ca&Lq PcjAal5 SL R a.. '-'�,30.rur.,uwnrozrrr im7j;. I LM ,154 Pei 1149r, -J;;: ;X - 1;1; Ir. d,I -, - 11 ST IVJR SPAC: N m Current news stories show frustrations between neighbors and the growth of the vacation rental market „JI izl P Irttp.'.v.rc:•:.azpendai�riewrcvm sechan'homv36��9 i%� tri 'e�Airbnb CEO find roam in ... ilk File Edit View Earor- T-s, Help Submit a News Tip aspen Iiynewsoniine Home I Letters & Opinions I Time Out - Arts & Entertainment I AI7N Classifieds Online E- edition Airbnb CEO finds room in Aspen through Time Out own website 2014 Summer Guide by Brent Gardner - Smith, Aspen 3oumalism Ili- c'--,” 'un- "0.2514 I I. Printer- friendly version + l - Email this Story &llronaira founder pays only $100 Airhnb co- Founder and CEO Brian Chesky found a place to stay in Aspen Saturday night for about $100 by going on to the Airhnb website, which connects people Search Archives who need a place to stay with Submit your letter online people who have space to rent. Photo Galleries Via the website, Chesky contacted a ski instructor from Brazil named Eric who had listed a room for rent in Aspen as a registered Airbob "host." s He was super cool," Chesky said after an appearance Sunday at the Aspen Ideas Festival. "We hung out for an hour- and -a- half." Chesky said Eric was an experienced Airhnb host, and is one of about 450 Local News people in Aspen now renting out all or part of their homes here through 1 2 3 9 5 7 5 4 I_[1 11 12 is El ir 16 1-1 is 1Q _0 _ 4 25 _ 27 28 29 330 mile Edit Vi- Fa t,s Took IV O_ 6 M 8 9101112 13 14 15 16 17 lit ''19 20 21 22 23 24 2 __ 27.28 29 30 31 Oft t .']rat You Want s � yI sw Fm N�mw Mr •Aryw aso am. ssoo •.��e...��,q �_01_ Alpha SEURITY n Ideas Festival. "We hung out for an hour - and -a- haft." Chesky said Eric was an experienced Airbnb host, and is one of about 450 Local News people in Aspen now renting out all or part of their homes here through Airbnb. � eeuag of the mmd_ ,v th developers "I think we're an important part of his life now," said Chesky of Eric. Ski[o: Lift to b— rnndltions called an'international issue' What Chesky did — contacting a host through Airbnb, letting the host vet him as a potential guest, and then showing up — is increasingly common PFlstar reiative cites `confrontatlan' as reason for around the world. restraining order filinq Tonight, 300,000 people in 192 countries will be renting a place to sleep News in brief through Airbnb, Chesky said Sunday. And of the 600,009 people going to Brazil for the World Cup soccer tournament, 120,000 are funding places to stay through Airbnb, he noted. That helps explain why Airbnb, still a private company, raised around $450 million in private equity this year with help from TPG Capital, whose co- founder, David Bonderman, owns a home in Aspen. Airbnb is now valued at $10 billion, more than the largest traditional hotel chains. And Chesky, 32, is said by Forbes to be worth $1.5 billion. He started Airbnb with Joe Gebhia and Nathan Blecharczykin in 2008 after renting space in their San Francisco apartment for people to sleep on air mattresses. "The biggest misconception people have is that they think it's this little side thing," Chesky said of the emerging "sharing economy" now epitomized by companies such as Airbnb and the car- services Uber and Lyft. "Everyone said the same thing about the internet. In 1994, it was this little thing." A taxing issue It's wasn't clear Sunday afternoon if "Eric" of Aspen had paid sales taxes to the city of Aspen on the rental of a bedroom in his home to the CEO of Airbnb, but city officials would likely encourage him to do so. 6 M 8 9101112 13 14 15 16 17 lit ''19 20 21 22 23 24 2 __ 27.28 29 30 31 Oft t .']rat You Want s � yI sw Fm N�mw Mr •Aryw aso am. ssoo •.��e...��,q �_01_ Alpha SEURITY n Fle Edit Vieux Fa ,te Toofs It`s wasn't clear Sunday afternoon if 'Eric' of Aspen had paid sales taxes to the city of Aspen on the rental of a bedroom in his home to the CEO of Airbnb, but city officials would likely encourage him to do so. The city estimated in March 2012 that it was losing $100,000 a year in sales taxes and licensing fees from people using the Internet in some fashion to rent their homes and condos short-term. The city council voted to let people rent their domiciles as often as they wanted, as long as they got a license, paid taxes and named a local representative to respond to complaints about things like parking, trash and rowdy guests. And the city hired a company called VR Compliance to scour the intemet looking for properties being rented without a license. Once it knows who is renting their unit on their own, city officials reach out to the property owner and encourage compliance. As of February 2014, the city had a total of 61 short-term rental licenses on file for people booking their units over the internet. In 2013, the city brought in $73,000 in revenue from 30 new licenses brought into compliance over the previous year. For owners in Aspen, a city license means sales taxes of 11.3 percent, on top of the 3 percent in fees charged by Airbnb. A renter on Airbnb pays what the host asks plus 6 to 12 percent to Airbnh. Airbnb states on its website that it expects "all hosts to familiarize themselves with and follow their local laws and regulations." Aspen is not the onty city working to tax this new approach to lodging. Portland, Ore., reached a deal this spring with Airbnb and the company will now collect lodging taxes on its rentals and remit them to the city instead of relying on individual hosts in the city to do so. "We want to be regulated, because to regulate is would he to recognize us," Chesky said Sunday during a pointed interview with Jennifer Bradley of the Brookings Institution. ,loopna O r r Video Surveillance Experts ca) 4,' -�F E Cwmar Are • Galw. St T R- ApnmInM%M, Gmir IMPZS -7775 5 Nmih • Spu •Muir (?Alt W-- E+.0if To '­1 iotll 430 F. li mmo • 1479) 3l1- 5977 n Fe Ede View €ev ar T—[,s Portland, Ore., reached a deal this spring with Airbnb and the company will now collect lodging taxes on its rentals and remit them to the city instead of relying on individual hosts in the city to do so. "We want to he regulated, because to regulate us would be to recognize us,' °„ Chesky said Sunday during a pointed interview with lennifer Bradley of the Brookings Institution. "What we don't want is a btanket prohibition," he said. "And we don't want Malls • ll o • Ilnir faiii ,ctawl iw L 431) E. fly.— • 1970) 594 1977 people regulating us without even understanding what we are." Visitor Guide Bradley asked Cheskey about shortcomings of the sharing economy and the Retail Airbnb model, including people feeling that apartments in their urban Aspen Snowmass Ski & buildings have suddenly become busy hotel rooms with "a revolving door of Snowboard Rental strangers coming through." Aspen Real Estate Chesky responded by noting that the "neighbor issue" was not a problem for Access Aspen Properties Aspen Snowmass (teal Estate Eric's neighbors in Aspen. Carol Dopkin Real Estate Inc. Greg Rulon- Joshua Co. "his neighbors know he is a host and they think he's awesome," Cheskey Search Aspen Real Estate said. "And then I go to some places in New York, in a high rise, and they Services find out I'm the founder of Airhnh and a few people, well, they are polite Aspen Raking New Yorkers." Colorado Fly Fishing Midvalley Window Cleaning Chesky said the company also regularly removes bad actors — either unpleasant guests or hosts that violate company policies — from its professional platform. Internet Marketing Solutions Momentum Interactive "We are not shy about removing people" from the Airbnb system, Chesky Lodging said. Friar Properties of Aspen Ritz Carlton Destinat ➢on Club Editor's note: Aspen Journalism is a local, online, nonprofit journalism Snowmass Vacation Rentals organization collaborating with the Aspen Daily News on coverage of the Aspen Ideas Festival. More at www.aspenjoumalism.org. Copyright 0 26QI - 2014 Aspen Daily News n File Edit Vices Favorites Tools Help Tampa Ball TimvS HOME NEWS POLITICS SPORTS THINGS TO DO VIDEO OPINION FEATURES & MORE Document 11 1 q_"j a A Start a New Search I Previous Results Other Fornil O Abstract 2 Full Text J Punter Friendly WHERE TOURISTS AREN'T WANTED Neighbors cry foul as more people turn their homes into vacation rentals_ Tampa Bay Times - Tampa Bay Author: Harwell, Drew Date: Jun 29, 2014 Start Page. A.1 Section_ NATIONAL Document Text For Betsy Banks Saul, there is something addictive abeut giving strangers the keys to her family home. In the past few months she has rented to Massachusetts travelers, Midwestern honeymooners and a family in town for a funeral. Banks Saul, 46, loves her vacation rental so much that last week she offered up a second one, her sun -lit beach home across the street- In doubling up, her home became the millionth live listing on HomeAway, where people Pike her hand over their homes to paying travelers for days or weeks at a time. "No neighborhood is benefited from having an empty house sitting there," said Banks Saul, who founded animal- adoption mega -site Petfir. der. "It justdoesn't seem right not to share this." Fueled by some of the busiest tourism months in local history, Tampa Bay vacation rentals have exploded as snowbirds and hosts push to capitalize on visitors to our eclectic patchwork of tourist draws. Licensed vacation - rental homes here tripled in the past decade to more than 3,500, state data show. On vacation - rental site Airbnb, Tampa Bay listings doubled in the last year That sudden stardom has helpedhomeowners pay their mortgages, but it has also led to growing pains; as neighbors turn against neighbors over what some locals call an invading horde_ "They're multiplying," said Jerry Murphy, a homeowner on Clearwater Beach. "We've got a lot of people here who don't belong _.. and they provide a smokescreen for people who would do is harm." The state's sunny reputation, and a tan of cash, could hinge on how well it adapts to this huge new industry. How did something as summery and innocuous as vacation time turn into a war of us versus them? Edit View Favov Toots Help horde. "They're multiplying," said Jerry Murphy, a homeowner on Clearwater Beach. "We've got a lot of people here who don't belong -. _ and they provide a smokescreen for people who would do us harm." The state's sunny reputation, and a ton of cash, could hinge on how well it adapts to this huge new industry. How did something as summery and innocuous as vacation time turn into a war of us versus them? Florida's sandy beaches and underwater homes have proven a natural laboratory for online vacation rentals_ An executive at HomeAway, which owns rental giant VRBO, called the Sunshine State a. "monster market," with the most listings in the country, twice as many as California. More than 17 million out of lowners dropped their bags in the state's 120,000 vacation rentals last year, spending $13 billion along the way, according to the Florida Vacation Rental Managers Association, a trade group_ About 322,000 rental managers, housekeepers, handymen and other workers made money off visitors' stays_ Vacation rentals can be cheaper, bigger, more private and less clinical than the average hotel room, and carry touches of homey solace, like big closets, kitchens and lawns_ But it's often their neighborhood feel that wins business: An Airbnb poll found 89 percent of renters said they wanted to "live like a local;' away from the lobby bars and tchotchke shops of the typical tourist hotels. Rental homes are not, perhaps, the perfect arrangement for the nomadic business set_ or for buttoned -town travelers craving the comforts of monogrammed bathrobes, fresh -made beds and mini bars. But they have carved out a niche among group trippers - for family vacations, old - friend reunions, birthday getaways - who tend to spend a lot of cash and are often eager to come back. Tampa Bay's new generation of easy, online rentals came into vague during the housing bust as an income stream for homeowners drowning in mortgage debt- But the range of homes has ballooned as more hosts fight to get in on the action: a private Gulfport studio furnished with French antiques, a catalog-wodhy bungalow on the Hillsborough River, a pool house in St. Petersburg's Old Northeast owned by a yoga tnsimctor named Vlad. Sites like Airbnb, FlipKey and HomeAway, which has more rooms for rent worldwide than Marriott, Hilton and Holiday inn combined make money by charging fees of guests., hosts or both_ But to compete, hosts have ended up marketing themselves as much as their homes_ One of Airbnb's highly reviewed St_ Petersburg hosts, who rents a spare bedroom in her cottage for $50 a night, offers up not just photos of the nearby Coffee Pot Bayou but of herself, square dancing. For all the revolutionary growth, the laissez -faire oversight of the rentals continues to raise concerns. Where hotel managers are trained (and paid) to deal with wild parties, the neighbors of a vacation rental are not And while a hotel that mistreats guests can face regulator punishment or lawsuits, vacation hosts are only kept in fine by the threat of low- starred reviews - Beach homeowners here have pointed the finger at vacation renters for everything from bad parking to rampant drug use, theft and prostitution. Some have called for scorched -earth laws that would squash vacation rentals. Barbara Beatty, executive dfrectorfor the Florida Vacation Rental Managers Association, said many owners employ professional managers and screen guests to keep their homes from getting trashed. And visitors here often like what they see: Last year Airbnb named Tampa the most hospitable city in the country because so many guests left five -star reviews. "We are not the dragon that needs to be tamed," Beatty said. 'There's a perception put across that we're no better than slumlords, and that couldn't be further from the truth." A Florida law taking effect July 1 prevents cities and counties from banning or mandating how long or how often vacation renters can stay- A smattering of local laws set before the state's previous vacation- rental rule in 2011 still apply, though many have proven easy to dodge and increasingly hard to enforce_ Tampa demands vacation rentals last no less than a week, a rule easily subverted on online listings. In St. Pete Beach. homes can be rented for less than 30 days only three times a year. Hosts face trouble if a fourth time can be proved, and only if neighbors or renters agree to testify. Though listing sites have made it easier than ever for hosts to make money, they've done little to cast fight on the thorny patches of business licenses, taxes and local laws_ Madeira Beach this month sent stern reminders of its rules to its 4,000 residents with threats to punish offending hosts with $5001 fines. Shane Crawford, the beach town's city manager, acknowledges the wobbly dynamics of vacation rentals' growth in terms of yin and yang: the benefits of homeowner mortgage help and happy -to -spend tourists, the ills of problem outsiders and boiling neighborhood rage. "Is most of our crime being generated from our short-term rentals? No," he said "But there's an 80- year -old gentleman who came into my office and told me, 1 have four new neighbors every week of every month of every year, and it's unsettling.' And I see his paint." Vacation rentals seem to have done little harm to Tampa Hay's established tourism industry_ Motets here have amassed a string of record- breaking months_ Pinellas County's recent tourism -tax receipts have been the highest in history, and the CFO of Hillsbomugh's Visit Tampa Bay, Santiago Corrado, called tourism the "strongest that it's ever been in our community." (i Egli Edit View Fa irtes Took Help neighbors every week of every month of every year, and R's unsehting_'And I see his point" Vacation rentals seem to have done little harm to Tampa Bay's established tourism industry. Hotels here have amassed a string of record - breaking months. Pinellas County's recent tourism-tax receipts have been the highest in history, and the CEO of Hillsborough's Visit Tampa Bay, Santiago Corrado, called tourism the "strongest that it's ever been in our community." That has kept hoteliers from railing against the upstarts Increasingly clawing at their target market_ The TradeWinds Island Grand Resod, for instance, is expected to have one of its fullest summers in recent memory . Russ Kmball, the longtime general manager of Clearwater Beach's Sheraton Sand Key, said online vacation rentals "will always be a small piece of the pie." Whether that's true remains a debate for tourist seasons to come, but sharing - economy boosters say the future is on their side. HomeAway data show Clearwater Beach had one of the country's 10 biggest increases in new listings over the last year And unlike hotels, which must build to grow, all the vacation - rental industry needs to expand is for more hosts and guests to pump on board. Banks Saul, the Crystal Beach host, said she understands how there might he problems if her home was in a perpetual rental flux, but said she's selective aver who gets to come smell the salty air of her back yard. As for her neighbors? They've asked her to tell them When the next renters come. They want to invite them out on their boat. Credit: TIMES STAFF WRITER Illustration Caption: PHOTO - JIM DAMASKE - Times: Betsy Banks Saul's gulffront home in Crystal Beach was the millionth live listing on the rental website HomeAway_ GRAPH - Times: Vacation- homegold mine Reproduced with permission of the copyright owner. Further reproduction or distribution is prohibited without permission. Abstract (Document Summary) "They're multiplying," said Jerry Murphy, a homeowner on Clearwater Beach. "We've got a lot of people here who don't belong ... and they provide a smokescreen for people who would do us hart " "Is most of our crime being generated from our short-term rentals? No," he said "But there's an B0- year -old gentleman who came into my office and told me, 'I have four new neighbors every week of every month of every year, and its unsettling.' And I see his point." Vacation rentals seem to have done little harm to Tampa Bay's established tourism industry. Hotels here have amassed a string of record- breaking months. Pinellas County's recent tourisri receipts have been the highest in history, and the CEO of Hillsborough's Visit Tampa Bay, Santiago Corrado, called tourism the "strongest that it's ever been in our community_" Reproduced with permission of the copyright owner Further reproduction or distribution Is prohibited without permission. Other Formats: 2 Abstract n Full Text J Punter Friendly Most Viewed Articles (Updated Daily( • OBITUARIES • Photos don 't show buildup • PARENTAL ALIENATION_ SICKNESS OR PSYCH JOB? • OBITUARIES • Vurder- for -hire case opens if Woman accused of trying to have son -in -law killed Logged in as: Dale Bugby Log Out Buy Accesses Previously Viewed Articles Support for an ordinance is being brought by the condo lodging community and our trade organizations. We need to lead on tourism issues here in Vail and be a model for other resort communities to follow. LA varcuxy Ae aTafas M lA' Vail Resort itenmla rio Dak Rugby r m —oil D—Dale Thank yon for mdudmB me m the re co— Toudenre mgardi4 the possible regulstim cf .oauun e—als m the Tnwn of Vad Thu is an important £save for the town as weL as ma guests, lodging p]oprne hnmeewoeas and —Lden]s.. As we drscus d should the mnaceaft m md. —Maed to the growmg'§h —d eeomn]y' IAzbnb —) and uacatian rental market (V£tH()— %Ibel.— it is mV vuant to explore all the pasiWe— .tended consegomccs and towcrk closely with entices such as Airh -n-h and VP.H6. ]t u imporeant to creare parity and get ev— phryneg 6y the same roles and to weak with (m[ .g—t) these terlia logy —p— in the'shasmg eeomlmy" m ensure owae]s L ow :he enles and[e enswe —. focused — our guest expeaenee. The goal of any replinm shoWdbe to ensure pity with —.Jou rentals and the lodgmg eem..av to eoame an— planing field hea er,it's dxi i]epmmnt m nos e]eate new rules m]egdsa— that only apply b one. red- I beh— sow c.gdati— ],urea to - ]eot a =w h- m subu A—tafs logbcally belong at a miera4-d asx_b as a PDAMOA cetsus a tu-wn Than& you fosloeping'me m and pkaee let me know ifyou hawre amf goeu¢ms t'd be happy tv help make theludging eommimity awartand to hip snlidt fiedbaek from lodgmg p<opem- managem aayon move.. throng me pm.°ess- $e�[>:egardjsJ Chris Roma\ P..dm & CED Vaii VaWey Pazme-eldp A(] @m 2]34 VaJ, m 8]658 wwrr_vis+hwifvuf IeY -®rer Ordinances in other cities Chicago was focused on guest safety and zoning v tionrentalordlnancen111111 cbi -A Jobe Aawat ,a �iFJq�eL i File Edit View Document - lent, Ferm, loolr. :'d'�anred Window Help U on 1 i10 -;� 1 - Cr tePDF- IC —bhre Ri + ufLl b"ft 'aft Meeting^ 5_­ / SW [M F.— - Review &Cam t- Vacation rentals draft 28 alternative sub 6/22/10 SUBSTITUTE R,Q! DANCE WHEREAS, the City of Chicago is a home rule unit of government pursuant to the 1970 Illinois Constitution, Article VII, Section 6 (a),- and WHEREAS, pursuant to its home rule power, the City of Chicago may exercise any power and perform any function relating to its government and affairs including promoting the quality of life and the welfare of its citizens; and WHEREAS, annuaily there are over 44 minion domestic and leisure visitors coming to Chicago; and WHEREAS, hotels and bed and breakfast establishments lodge millions of visitors annually in Chicago; and WHEREAS, there are over 30,000 hotel rooms within a five -mile range of McCormick Place alone and an expected 3,000 additional hotel rooms by 2010; and Li varatianrenWa dlnanP31} ( ?�.pdf- Adobe) —bd Pr.ke � .. -_ I L1€ I File Ed'2 View 6-ax t Comments Fo Tools Advanced Wmdvw Hop x / FO - -i Fnd -J Create P ©F- °!p1 Com6Fne Fi €es} F.pesrt -. hart Mee(ing • W Seeure- Sign • u Ferm ? Revieb &Csmmmt WHEREAS, in many cities that traditionally attract a large amount of tourists, homeowners have become entrepreneurs by renting their homes on a daily and weekly basis to travelers looking for a safe yet less - expensive alternative to hotels; and WHEREAS, the demand for such rentals has, created an unregulated, growing industry which is rapidly spreading across numerous Chicago neighborhoods as well as other major metropolitan cities and vacation destinations in the United States that attract large tourist populations; and WHEREAS, cities in Arizona, California, Florida, Hawaii, Maine, New York, New Mexico, North Carolina, Oregon and Pennsylvania, which consistently register high numbers of visitors staying overnight in hotels, are working to impose restrictions on the booming business of 'daily and weekly rentals by individual owners; and WHEREAS, currently the Municipal Code of the Clay of Chicago places no restrictions on this growing industry and currently regulates hotels and bed and breakfast establishments, through taxation and by requiring licenses; and WHEREAS, all'• establishments used for transient guests in the City of Chicago that do not fall under the category of hotels and bed and breakfast establishments should be regulated for the health and safety of all visitors; WHEREAS, although other governmental bodies are considering similar legislation, the City of Chicago would be the first large municipality to set the standard by regulating rentals on a daily �_ acatianrentaloidinance0173_ll P2.pdf- AdobeAmbat Prates— File Edt Vievr Gvcument Comments Forms T..[s Advanced Window Help x N O_ 1 10 -1 J F G _i Create P�F • -'ll Combine FleE -_. Export v° Stah Meeting - Secure • ,/ Sign • J Forms Review &Comment rFaweek y oasis by private entities; NOW, THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO: SECTION 1: Section 4 -5 -010 of the Municipal Cade of Chicago is hereby amended by adding the language underscored, as follows: 4 -5 -010 Establishment of license fees, (omitted text is unaffected by this ordinance) (84) Vacation rental . ............................... 1500.00 iv tt— ta{ordind 011311(2).pdf- Adobe Avohat prgt— File €dR View D—ent . -_ Went, Ferms Took Advanced Wmdvw Help Find - _-I- -1-1- .P Combine Files Czpart- 7. 5ta2 Meeting- Secure- / Sqn- uFarms- Revtew &Camment- (omitted text is unaffected by this ordinance) SECTION 2: Title 4 of the Municipal Cade of Chicago is hereby amended by adding a new chapter 4 -207, as follows: Chapter 4--207 Vacation Rentals 4 -207 -410 Definitions For purposes of this chapter- "Applicant" means a person; or any partner, if a general partnership; any general partner, if a limited partnership; any principal officer, if a corporation; any managing member, if a limited liability company; or any owner of 25% or more of the applicant, or in the case of a cooperative building, a feesee with a proprietary lease of a cooperative in the cooperative building. "Board of directors" means the board of directors of a cooperative building. "Cooperative building" is a multiple - dwelling complex owned by a cooperative corporation, stock in which affords the owner thereof the right to possess or occupy a particular cooperative allocated to that stock within the complex. This right of possession or occupancy is granted through a proprietary lease or similar arrangement, and, unlike the owner of a condominium, the owner of the cooperative stock does not hold legal title to his or her individual cooperative. "Cooperative" is an individual dwelling unit within a cooperative building. acationrentaloNirwnce0ll311 ('),pdt -Adobe Acroaa[ PrnFessionaL_ File Edit Vi— Document : Forms Tools Advanced Mndv Help x 10 J Fn�.l - C—te PDF -, I Cambi -Files • 6:Port y�} StaRMeeting ^ jQ 5ecu re - .�P Sign = U Fnrtns Perixw& Comment "Department" means the department of business affairs and consumer protection, "Commissioner" means the commissioner of business affairs and consumer protection. "Dwelling unit" has the meaning ascribed to that term in section 17-17-0248. "Homeowners association" means the association of all the unit owners, acting pursuant to bylaws through its duly elected board of managers. For purposes of this definition "unit owner" means the person or persons whose estates or interest, individually or collectively, aggregate fee simple absolute ownership of a unit, or in the case of a leasehold condominium, the lessee or lessees of a unit whose leasehold of the unit expires simultaneously with the lease. "Local contact person" means a person authorized as an agent of the owner who, (t) is designated for service of process; (2) is authorized by the owner to take remedial action and respond to any violation of this code, and (8) maintains a residence or office located in the city. "Owner" shall include, for purposes of this chapter only, a person who is a lessee of a cooperative pursuant to a proprietary lease. _ acationrentaloedinanceL1113_ll P�pdf - ddRbe Awt tPmIe File Edt V­ Document - cots F ,, Tools A& .... d Window Help % CreateFDF Combine Fles- ,J Export- .mil Stftmeding- Secure- .405igrt- FOrms� -�R__ &Comment "Owner- occupied dwelling unit" means a dwelling unit that a person who owns 25% or more of the interest in the dwelling unit; or in the case of a cooperative building is a lessee of a cooperative pursuant to a proprietary lease, resides in the dwelling unit as his or her domicile or permanent place of residence; provided that a dwelling unit for which an owner or lessee (i) is absent from the dwelling unit overnight for any longer period of time not to exceed 120 days within. a 12 -month period; or (ii) is on active military duty for any length of time; and (iii) appoints a designated agent or employee to manage, control and reside in the dwelling unit during the owner's or lessee's absence is considered owner - occupied. "Transient occupancy" means any occupancy on a daily or nightly basis, or any part thereof, for a period of 30 or fewer consecutive days. "Vacation rental" means a dwelling unit that is not an owner - occupied dwelling unit and contains 6 or fewer sleeping rooms that are available for rent or for hire for transient occupancy by guests. The term "guests" does not include members of the owner's household, as that term is defined in section 17 -17- 0270. The term "vacation rental" shall not include: (i) single -room occupancy buildings or bed - and - breakfast establishments, as those terms are defined in section 13 -4 -010; (ii) hotels, as that term is defined in section 4- 208 -010 of this code; (iii) a dwelling unit for which a tenant has a month -to -month rental agreement and the rental payments are paid on a monthly basis; or (iv) Corporate Housing. For purposes of this definition: (1) "tenant" and "rental agreement" have the same meaning ascribed to those terms in section 5 -12 -030; (2) "Corporate Housing" means a dwelling unit owned or leased by a business entity that is available for rent or for hire for transient occupancy solely by the business Pnfitv'c nffirarc y U 3 !IQ - F�nri - iCreate PQF- ,51Co b,i Firs- ,y�i Fxport- Start Meeting- yd Secwe- y Sign• uFarrns- �Re�iew &Com t- rcers, employees, family members of the officers or employees, consultants, vendors or contractors. "Family members means an officer's or employee's (i) mother, father, spouse, brother or sister (including blood, step or half), son or daughter (including blood, step or half), father - in-law, mother -in -law, daughter -in -law, son -in -law, brother -in -law, sister -in -law, grandparents or grandchildren; (il) court appointed legal guardian or a person for whom the employee or officer is a court appointed legal guardian, or (iii) domestic partner or the domestic partner's mother, father, brother or sister (including blood, step, or = half), or son or daughter (including blood, step or half), 4. 207 -020 License Required. No owner of a dwelling unit shall rent or lease the dwelling unit as a vacation rental without first having obtained a vacation rental license. A separate license is required for each dwelling unit used as a vacation rental. A licensee under this chapter shall not be required to obtain any other city license to conduct the activities described in this chapter. The license shall be valid only to the person to whore it was issued and it shall not be subject to sale, assignment, or transfer, voluntary or involuntary, nor shall the license be valid for any premises other than that for which it was originally issued. The license shall be displayed in a conspicuous place in the vacation rental 4- 207 -030 License Application investigation. (a) An application for a license required pursuant to this chapter shall be made in conformity with the general requirements of Chapter 4-4 of the Municipal Code rp-1;i inn fie-v vacationrenta o dlnanceD1131I P-' pdf - Adobe r,—b.t P,A File Ed'R View Document - ents Forms Tools Ad-nced Wmdmv HOp x y 5 1 10 -� -i r,d - Create PDF • C cm6 -ne File=_ - T F pact Start Meeting - Secure • y Sign • Forms • Review &Comment - spry -� 4__.Y_�J4 ' 47aumi 0 Ls' - applications or lcenses. The application shall include tine location of the vacation rental, the total number of sleeping rooms, a statement indicating ownership of the vacation rental, the name and Q N O -3- address of a local contact person, and other information that may be required by the department (b) The application shall include the name, address, and contact information for a local contact person and attached to the application shall be an affidavit from the local contact person attesting that the person (1) is designated for service of process; (2) is authorized by the owner to take remedial action and respond to any violation of this code; and (3) maintains a residence or office located in the city. (c) if applicable, attached to each application shall be an affidavit executed by a duly authorized representative of the homeowners association or the board of directors which attests that: (1) the homeowners association or board of directors has approved the dwelling unit to be used as a vnrnflnn ran+nl nnr4 �_ catonrentaleadln?nceD11311 R1.pdf -Adobe AgohdR pmtess,'m' wa M�_ tl�'S� Files EdR View Document - cots F.,n Tools Advanced Window Hekp x �I L A ' 13 J - Create PDF- Cq Vb Rt &port- Start P.A ing- j6 Se- Syn • iJ Review &Csrt It- u13I - -ors a- vacaTron renia are specTI Lally identifies all the other dwefiin units a � � as vacation rentals; and (2) the bylaws are rn compliance with subsection 4 -2C}7p -060 a)(6 of third chapter. ) (d) As a condition of the license, the licensee shall keep M information current. Any change in required information shall be reported to the department within 30 days afterthe change. (e) The building commissioner has the authority to mandate that an inspection of the vacation rental shall be undertaken at any time and in any manner, including third - party reviews, as provided for in rules and regulations promulgated by the building commissioner, 4- 207 -044 License Fee. The fee for a vacation rentsl license shadl be as set forth in Section 4- 5-010. N O 4 -207 -054 License renewal. All licenses issued under this chapter shall be renewed in accordance with Chapter 4 -4 of this Code. 4- 207 -060 License denial or revocation. (a) A license or a renewal of a license shall be denied or revoked for any of the following reasons: (1) The applicant does not own the vacation rental, (2) The applicant's license under this chapter has been revoked for cause within two years of the date of the application; ac ationrentalerd. InanFg .O_13—'1 _P.pdf- pdobp Ambat nrolessi ,�1 4 � File EdR View Do —nt Comments Forms Tools A ,.—d Window Help �y x + —A I apt 4 !10 Find ICreatePDF - (Combine Fal� �Espart- ,l StartMeeting 5xcure- yy Sign- uFarms- Review & Comment - (3) A license issued under this chapter for a vacation rental for that dwelling unit has been revoked for cause within two years of the date of application; (4) The applicant makes any false, misleading or fraudulent statement or misrepresents any fact in the license application, or uses any scheme or subterfuge for the purpose of evading any provision of this chapter. (5) The applicant is a corporation, general partnership, limited partnership or limited liability company and has a partner, general partner, principal officer, managing member, or owner of the applicant who would not be eligible to receive a license under this section. (6) f=ailure of the homeowners association or board of directors to adapt bylaws which- (A) approve the use of the premises for vacation rentals; (B) restrict the number of dwelling units that may be licensed as vacation rentals -4- _ acationrentalord'roance6Y1311 (?�,pdf- Ndabe.Auc+Cat pralessi." �_+'�' File Edit View D.--t Comments F.— Tool; 41--d WW.W H.Cp x 5 f10 - i� r�u - i Create P<)F- CLmbFne Files- Sport- .�1 St.rt Meem,- Secure- Sq. - uForms- 3Review &Comment to 6 or less and specifically identifies those units; (C) authorize the homeowners association or the board of directors to act as the local contact person for the owner of the vacation rental; and (D) authorize access by city officials to the common areas. (7) The applicant has violated any applicable federal, state or local law or regulation promulgated thereunder, (b) No more than 6 dwelling units per building can be licensed as a vacation rental at same time. V 6, 4- 207 -+070 Insurance required. Prior to the issuance of any license Linder this chapter, each applicant shall furnish a certificate of insurance evidencing: 1 ) homeowner's fire, hazard and liability insurance; and (2) general commercial liability insurance with limits of not less than $1,000,000.00 combined single limit, for bodily injury, OQ per occurrence, from the issuance of the license or activities conducted pre�n property themce� arising in any way se. The licensee shall maintain the insurance required under this section in full farce and effect for the duration of the licensed period. 4- 207 -080 Standard of operation (a) No licensee shall: (1) rent or lease any vacation rental by the hour or for any period of fewer than 24 consecutive hours; (2) rent or lease any vacation rental more than once within °_ aeati�n�en: aleai�a„ eerdi> 3um.pae- AdobeAdtohatF,vlessiw?• I�rIlUF3�'� File Edit View Document - cots Fonns Tools Advanced Window Hekp k °I 5j J `�.,.t .Create PDF - -_ Combine Res � � Expert - i Start MeeFing - J� 5e.are - ,q$ Sign * � Forms- � Review &Cnmmenf - --�� �°'���Qn a more nan once within any consecutive 24 hour period measured from the-- he commencement of one rental to the commencement of the next; or (3) advertise an hourly rate or any other rate for a vacation rental based on a rental period of fewer than 24 consecutive hours, (b) The licensee shall maintain current guest registration records which contain the following information about each guest: the guest's name, address, signature, and dates of accommodation. The registration records shall be kept on file for three years and made available for inspection by city officials during regular business hours or in the case of an emergency. (c) No licensee shall permit any criminal activity or public nuisance to take place in the vacation rental. If a licensee knows or suspects that any criminal activity or public nuisance is taking place in the vacation rental, that person shall immediately notify and cooperate with the Chicago Police Department. ril (d) The maximum number of guests in a vacation rental shall be no more than one person per 125 feet of floor area of the dwelling unit for which the license is issued. The occupancy limitations set forth in this subsection are absolute maximums, and the actual allowed capacity shall be based on the applicable provisions of the building code. (e) Every licensee shall print its license number in every print advertisement for the vacation rental placed by or on behalf of the owner, and on every application for a building permit. If the licensee has a primary website in which the licensee advertises the vacation rental, the licensee shall also list the license number on such website, acationrentalcnilnanceP11311 QZ .pdf - adobe A—t p,ntesssantl File Ed'd View D, --t Comments Forms Tools Ad--d Wind— H&p % Fincl - ? -I Creme IIN- -'„ I Cambine Rf - ,�j Eepo - l StaaM am, - Ij S--- Sign • u Forms - ' /t R,i-& Comment - (f) No licensee shall serve or otherwise provide alcohol to any guest. _5_ (g) Each guest shall be provided soap, clears individual bath cloths and towels, and clean linen in good repair. Linens and bath cloths and towels shall be changed between guests. (h) The vacation rental shall be cleaned and sanitized between guests and all food, beverages and alcohol shall be thrown out. All dishes, utensils, pots, pans and other cooking utensils shall be cleaned and sanitized between guests. (1) The name and phone number of the local contact person and the vacation rental license shall be pasted in a conspicuous place near the entrance of the vacation rental. 0) An evacuation _ aca[ ionrentalordinance01i31 .1( ?IPdf- adabe.Acroeat aralessia �- _ e_ 'mod -N/1 File Edit View fio.. —t Cmments Forms Tool; Advanced WindvW Hekp x 6 ! 10 IJ q* -.i iJ _ " ^' - Create Pf)F- 1Combine Fles &port- `Fl Staftm —ing- j�5ecure- y Sign• uForm =- Revi- &C--t- �� rcrrymr9 arrme arrs T egress rrorn the vacation rental and the building in which it is located shall be posted in a conspicuous place on the inside entrance door of each vacation rental. k) Any licensee who provides food to the guests shall comply with all applicable food handling and licensing requirements of this code and board of health regulations, and shall be subject to inspection as therein provided. 4- 207 -090 Regulations The commissioner shall have the authority to promulgate ales and regulations necessary to implement the requirements of this chapter. V it 4- 207 -100 False Statements Any person who knowingly makes a false statement of material fact on any vacation rental application or affidavit required to be submitted with the application shall be subject to ti ?e provisions of Section 1 -21 -010 of the Municipal Code. 4 -207 -110 Violations Any person who violates any provision of this chapter, or any rule or regulation Promulgated hereunder, shall be subject to a fine of not less than $5.00.00 nor more than $1,000.00 per violation, or shall be subject to license suspension or revocation, or both. Each day that such violation exists shall constitute a separate and distinct offense. All the vacation rental licenses located in a building are subject to revocation if the building contains more than 6 licensed vacation rentals. LJ (Iii AdobeA—i -t P,.1— i G+" File Edit View fioc --t Comments F.,— Tod: Advanced Window HOp x b i 10 - -,� J Fin;. - Create PDF° Combine Fles- EP aft Start Meeting- Secure- /Sign• LJ Fo ° J Review &Comment In addition to any other fine or penalty provided for in this section, any person who operates a vacation rental without a license issued under this chapter may be subject to incarceration for a period not to exceed six months. In addition to any fine or penalty imposed by this section, the corporation counsel may seek an injunction or other equitable relief in court of competent jurisdiction to stop any violation of this chapter. SECTION 3: Chapter 4 -210 of the Municipal Code of Chicago is hereby amended by adding the language underscored and by deleting the language struck through, as follows: 4- 210 -010 Definitions. For purposes of this chapter: (omitted text is unaffected by this ordinance) M File Edit Viet+ E7—U—t Cvm mb F—, Tools AM —d Wind— Help x FCjt U .� 7 710 ,-_j iJ Fr. �, - iJC—te P©F� �I Combine Rl , .I E:peR- JStftm mq Secure- Sign- uFerms- .Review &Co-mment� "Bed- and - breakfast establishment" or "establishment" meanst°ry- bttfdi�r an owner -occ ied sin le -famil residential buildin an owner -occu ied multi le -farnil dwellin buildin or an owner -occu ied condominium townhouse or cooperative in which 11 or fewer slee in rooms are available for rent or for hire for transient oecu anc b re istere uests. The term "bed- and - breakfast establishment" does not include sin le -room occu anc buildin gs as that term is defined in bed-and Sti f he ,•••. �vcr acationrenzaYordmancersll3ll ('I.pdf- ,Adpbe,A —bat proless,o' rtl �_ V File Fdrt View Document miner. Forms Tool Advanced Window Help 7 i19 _`.i �J. Fnd — Create PPF- 6,J Cam6ine Hie=_- Export- ��i Start Meeting• yl Secur'Sign- uFo-rms- _y Review &Comment - - ---zi i "- , —mol -- m L)► il,ure cr Tne interest in the establishment shall be a continuing requirement for maintaining a license under this chapter; provided, however, that it shall not be a violation of this requirement if the owner (i) is absent from the establishment overnight or for any longer period of time not to exceed 120 days within a 12 -month period; or (ii) is on active rnilitary duty for any length of time; and (iii) appoints a designated agent or err$ployee to manage, control and reside in the establishment daring the owner's absence. f-this-sttb - cc }ionr esta- l�ftse- nit- ts�~ �i�gie=-€ �- ��i- tp�sidet�-ti�tl- f�ra�ldit�g --I t- �relt�de morel- a-t�o�ess��i{e1 -�raas -betel � 1� '' t1�e~a f-- i�- t�r'tstr- l- p�rpc�ses- -a-s•.o,� Q-� (omitted text is unaffected by this ordinance) SECTION 4: Title 17 of the Municipal Code of Chicago is hereby amended by adding a new section 17 -15 -0307 and by inserting the language underscored, as follows: 17 -15 -0307 Vacation rental$- nonconforuse. (a) Notwithstandin any other provision of this Zoning Ordinance, any vacation rental located in a RS3, RT3 "5 or RT4 District shall be a considered as a ie al nonconformin use fc purposes of this Zoninr - Ordinance if the Zoniilg l�dministrator determines that the vacation rental was in existence and o eratin for mare than one ear rior to the effective date of this 2010 ordinance. The owner of the vacation rental shall have the burden to rove that the vacation rental meets the gkaaiificatif this section. Proof of existence and o�aeratic�r, shall include a meat aratranrenmiord nanceail3u (2).pd+ adab� a atial r�i�u fl�ai Ic�lll@di�Yl 'FUe Eat vices Document Comments Fours T-1, Ad, a n.ed window Help x s —J o A /30 -_i J - r,reatePDF- p Combine FEes apt Start Meeting, 41ec11c- 1 5ign- rmlFC!.n:- Ret•ievu&Comment- 1 r .w� _ • .. _ _ __ - -- ��- ' ° "��v:I,r MI�V(ti�TlrFl i3 �Tf �F'lC ll l `lI:i 11 IV N O_ considered a new S G effective date of this 2014 -7- C3 VCt- a<<U +F i "rl[aJ PJcense ursuant to Cha ter date of this 2010 ordinance the vacation rental shall n nonco formi Ig use. 17.2 -0207 Use fable and standards. USE GROUP Zoning Districts if Use Standard on n Parking Standard J vacatonrentalordltuncep}3;dj [2 }.pdi- .Adube,Avo6xtPralessi File Edrt View D ... ment Comments Forms Tool; Advanced Window Help B f 10 ,74 LJ Fn'l Al Ca to Pl)F- Combine Fde Export 1) startMeeting - se a Category RS RS Rs RT Specific Use Type 1 2 3 3.5 P= permitted by -right S = special use approval req'd P �' see�re RT D = p €a y LA] Sign• Farms - Review &Comment - RM RM RM 4 -5 5- 6- 5.5 6.5 nned development approval req'd - Not allowed (ornitted text is unaffected by this ordinance) P. Lodging 1. Bed and Breakfast _ P P P P § 17 -9 -0103 § 17 -10- (1207 -5 2. Vacation Rental _ _ 4__L_ _ _ _ S 1111111111111- - N O (Omitted text is unaffected by this ordinance) 17 -3 -0207 Use Table and Standards. I USE GROUP Zoning istricts g Use Standard Parking Use Category 81 82 B3 C1 C2 C3 Standard sgecific Use Type P= permitted by -right S W special use approval required IUD =planned development approval required —Not Nat allowed (omitted text is unaffected by this ordinan (omitted text is unaffected by this ordinance) 17-4 -0208 lase Table and Standards Fileaczonre e Io dina G1 311 R).cdt- Adobe Aao t Edit View Document :­.t, Forms Tools Advanced Window He4p x C. t, PDF • -_ Comb ne Fles - Export • Start Meeting - & Secure • S gn • Forms • Review &Comment - Specific Use Type -� LP=perrnittedby-right S = special use approval required PID =planned development approval required —Not Not allowed (omitted text is unaffected by this ordinance) HH. Lodging I. Bed and Breakfast P P P p \ 917-9-0103 § 17- 10-0208 2. HotelltAotel l P P cn § 17 -10 -0208 0 3. Vacation Rental S s S S (On7itted text is unaffected by this ordinance) 17- 17- 0104 -R Lodging. provision of lodgitig services on a temporary basis with incidental rood, drink, and other sales and services intended for the convenience of guests. The following are lodging use types: 1. Bed and Breakfast. An owner- occupied, detached house or an 'owner- occupied dweiiing unitwithin a multi -unit residential building that does not exceed 4 stories in height and contains no more than 11 sleeping rooms or an owner - occupied condominium, townhouse or col peratiVe in which 1 I or fewer sfeeping rooms are available for rent on for hire for transient occupancy by registered guests, For r)urooses of this rl,,finifi.,.-, fi,,, t_ tci_ __t __ . r .. ... i vaca(ianrentalord'inance61131} (?�,pdf -Adobe Acrobat Professi. ' ,�_ -� % +I I/`'� Fide EdR View Doc-t Comments F.,,,= Tools Advanced M(mdmv H.ep x , Creat PDF - 41 Combin Fd - 1�1 Export- rr Starf Nfeecing - ;,� Secure' Sign ° u Forms- - /Review &. Coal. , - r�gisierea guests. For purposes of this definition, the term "bed and breakfast" does not include single -room occupancy buildings. If the bed and breakfast is a detached house located on a lot that includes a principal house and an accessory building that was being used for residential purposes as of January 16, 2003, the accessory building that will be considered to be part of the establishment. 2. Hotel /Motel. An establishment containing 1-2 7 or more guest rooms and in which short-term lodging is offered for compensation and which may or may not include the service of one or more meals to guests. Typical uses include hotels, motels and transient boarding houses. 3• Vacation Mental - sin le -room occu an buildin s orbed- and - breakfast est . 'LL- _.L . . meanin ascribed that term in section 4.207-010, SECTION 5. Severabilitv. If anv orovisi _ acationren1a1o4 n.- 0113111= I.edT- Adobe Acrobat ProFe�.vonal l��_ _ f File EdR View Document Comments F.— Tools Ad,., —,d Window Help % 17 10 _ - V Create PDF- ][ombine Files- J;: E.port- Start Meeting- &Seet,re- �Si,a° Furors- R,i- &Comment - - SECTION 5, Severability. If any provision of this ordinance is held invalid, such provision hall be deemed excised from this ordinance and the invalidity thereof shall not affect any of the then previsions of this ordinance. If the application of any provision of this ordinance to any -A- person or circumstance is held invalid, it shall not affect the application of such provision to other persons or circumstances. SECTION 6: This ordinance shall take on January 1, 2011. Edward M. Burke Wrl ,nrr" ,m -I Ath 1A1 Brendan Reilly �i 17 10 _ - V Create PDF- ][ombine Files- J;: E.port- Start Meeting- &Seet,re- �Si,a° Furors- R,i- &Comment - - SECTION 5, Severability. If any provision of this ordinance is held invalid, such provision hall be deemed excised from this ordinance and the invalidity thereof shall not affect any of the then previsions of this ordinance. If the application of any provision of this ordinance to any -A- person or circumstance is held invalid, it shall not affect the application of such provision to other persons or circumstances. SECTION 6: This ordinance shall take on January 1, 2011. Edward M. Burke Wrl ,nrr" ,m -I Ath 1A1 Brendan Reilly -_ acacia ,enta o dinanceD1x31 ft) pdf- adobe A—b.t File Edit View Document Comment; Form: Toel; 4d. anted Window Help x 10 : 10 - _rezto P D F C—Uine Rtes- Ep cr- J..i Start Meeting- ja Secure ;F Sign• Fo-rms- Review &Cam -- IV N O_ Alderman, 14`n Ward Alderman, 42nd Ward Thomas Tu nney -- Alderman, 441h Ward Scott Waguespack Alderman, 32 "d Ward Eugene Schulter Alderman, 4711 Ward Vi Daley Alderman, 431 Ward Helen Shiller Alderman, 4611 Ward Austin was focused on limiting the number of vacation rentals to protect neighborhoods -sin ORDI NANCEF032flE6j- 3 .72,,hurtterma'.a+kalsgdF -Adv4e Asrud,# ttra,�sianal ��_ d l�`.7r1� RL Edit View Documerrt Comments Forms Tools Advanced Window Help } x Create PDF- Combine Fles - Export jStart Meeting- 4EI�Secure / Sign• Forms- r'Review &Comment- ORDINANCE NO. 20120802-122 ' AN ORDINANCE AMENDING CITY CODE CHAPTERS 25 -2 (ZONING) AND N O 25 -12 (TECHNICAL CODES) RELATING TO THE REGULATION OF SHORT- TERM RENTAL RESIDENTIAL USES; AND 'WAIVING THE TECHNICAL BOARD REVIEW REQUIREMENT OF SECTION 25 -1 -502. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF AUSTIN: FART 1. Subsection (B) of City Code Section 25 -2 -3 (Residential Uses Described) is amended to add a new use classification, Short -Term Rental, to read as follows and to renumber the remaining classifications accordingly: (1.0) SHORT -TERM RENTAL use is the rental of a residential dwelling unit or accessory building, other than a unit or building associated with a group residential use, on a temnorary or transient basis in accordance with Article l-J Austin ORDINANCE 202C 2- 122.-ha3termre WI,,pdf -Adobe AG Mat Prulessio I File Edit View Document Z eats Fom Tool: Advanced Window Help x ,Fd ;r 1 1 A J f.n,: - �� Combine Files -� Export - g - } gn Create PDF- J Start Meetin tli Secure- Z I Forms- _( Review &Comment - 4, Division 1, Subpart C (Requirements for Short -Terra Rental Uses) of this chapter. The use does not include an extension for less than 30 consecutive days of a previously existing rental agreement of 30 consecutive days or more. The use does not include a rental between parties to the sale of that residential dwelling unit. PART 2. City Code Section 25 -2 -491 (Permitted, Conditional, and Prohibited Uses) is amended to add a new use, Short -Term Rental, and the chart in Subsection (C) is N amended as follows: 0 Short -term rental use is a permitted use in the following base districts: Lake Austin residence (LA) rural residence (RR) single - family residence large lot (SF -1) single - family residence standard lot (SF -2) family residence (SF -3) single- family residence small lot (SF -4A) I Austin ORDINANCE 20120802 -122 short term r A,Is,pdf- Adobe Acrobat pmfes_iona{ In { I�pI^K.�a� File Edit View Document Comments Form= Tocls Advanced Winder Help x L=roi J _r 1 fA -I �i Create PDF• �I Com6'ine Files- Eeport .-I Start Meeting- Secure- }Sign• uFarrr��- Review &fum.ment - single-family residence condominium site (SF -4B) urban family residence (SF-5) townhouse and condominium residence (SF -6) I multifamily residence limited density (MF -1) Page I of g multifamily residence low density (MF -2) multifamily residence medium density (MF -3) multifamily residence moderate -high density (MF -4) multifamily residence high density (MF -5) T I ARSCin ORDINANCE zGi"�I3a�Z 322;ItRrt term ianfals.;pdF- AdRbe fvuoG_atPralesslandX. �$ File Edit View D ... m,r Comments FO Tools Advanced Window Help z v =+d I� 2 ! 8 --1 -. i •r� . � i Cre t PDF - Combine Fles - 4) F pnrc- 5ta,WM ing - Secure .% Si,n - u FRRns- Review &Comment - multifamily residence highest density (MF -6) central business (CBD) downtown mixed use (DMU) PART 3. City Cody; Chapter 25 -2, Subchapter C, Article 4, Division l (Residential Uses) is amended to add a new Subpart C to read as follows: J N I Subpart C. Requirements jbr Short -Term Rental Uses. 0 § 25 -2 -788 SHORT -TERM RENTAL (TYPE 1.) REGULATIONS. (A) This section applies to a short -term rental use that: (1) is rented for periods of less than 30 consecutive days; (2) is not part of a multifamily use; and (3) is owner - occupied or is associated with an owner - occupied principal residential unit. (B) A short -term rental use under this section may not: Austin ORPIIJANCE 2Uk20Hd' -122 shill tens tmta4s.pdF- AZb. Acro6e4 ➢falessiana9 • _ IDII _ _ File Edrt View Uacument _ ants Farms Tools Advanced Windaw Help `� z 2 !2 _Create PUF- ]COm6ine Files+ Export J1 Start Meeting- Secure- y Si,, • Forms- Re0ew &Commea4 - J (1) include the rental of less than an entire dwelling unit; (2) operate without a license as required by Section 25 -2 -790 (License Requirements); or (3) operate without providing notification to renters as required by Section 25--2 -791 (Notification Requirements). (C) For a short -term rental use under this section, a secondary residential unit on the same property may be rented for periods of less than 30 consecutive days for an annual total of more than 90 days. § 25 -2 -789 SHORT -TERM RENTAL (TYPE 2) REGULATIONS. (A) This section applies to a short-term rental use that: (1) is rented for periods of less than 30 consecutive days; (2) is not part of a multifamily use; and Page 2 of 8 Austin ORDINANCE 2012-086_2_ -X2.2 short tens fe .1,pdf - Ad.be Acrobat Pro1es] -1 File Fdt View Document Comments Forms Tools Advanced Window Help k Create PDF- 41,1 Combine Flex• E.port Y� Mart Meeting Secure- Sign- Fnrrns- 2Reviev &Comment- (3) is not owner - occupied and is not associated with an owner - occupied principal residential unit. Q (B) A short -term rental use under this section may not: (1) include the rental of less than an entire dwelling unit; (2) operate without a license as required by Section 25 -2 -790 (License Requirements); or (3) operate without providing notification to renters as required by Section 25 -2 -791 (Notification Requirements). § 25 -2 -790 LICENSE REQUIREMENTS. (A) This section applies to a license required under Section 25 -2 -788 (Short- -Tenn Rental. (Type 1) Regulations) and Section 25 -2 -789 (Short -Term. Rental (Type 2) Austin ORDINANCE 20IM02- 122:hort teem Temk:pdK File Edt Piety Document C,mments. Forms T.d[ Advanced Window Help find 'i Create PDF- -„ ,I Ca bine Files- €xpn[t- R.,t Meeting^ Secure /Sign- Forms- �Revieu &Comment- ZI N O (13) To obtain a license, the owner of a short -term rental use must submit an application on a form provided for that purpose by the director. The application must include the following: (1) a fee established by separate ordinances (2) the name, street address, mailing address, facsimile number, and telephone number of the owner of the property; (3) the name, street address, mailing address, facsimile number, and telephone number of a local responsible contact for the property; (4) the street address of the short -term rental use; (5) proof of property insurance; (b) proof of payment of hotel occupancy taxes due as of the date of submission of the application; and (7) any other information requested by the director. (C) The director shall issue a license under this section if: — A.— ORDINANCE 20120802- �22,haM term rentals.pdt- Adohe Anonat Professional File Edt View Doc —t Comments Forms Tools Ad- , , d Window Help x !8 - -{ F,ncl - �i Create POF- IC.mbl- Files- T. E+-t ;Start Meeting- Secure- Sign- uFurzns- Ne SLC —It- N O_ (1) the application includes all information required under Subsection (B) of this section; (2) the proposed short-term rental use complies with the requirements of Section 25 -2 -788 (Short -Term Rental (Type 1) Regulations) or Section 25 -2 -789 (Short -Term Recital (Type 2) Regulations); Page 3 of 8 (3) for a short-term rental use regulated under Section 25 -2 -789 (Short -Term Rental (Type 2) Regulations), no more than 3% of the single - family, detached residential units within the census tract of the property are short-term rental (Type 2) uses as determined by the Director under Section 25 -2 -792 (Determination of Short -Term Rental Density); and ii Austin ORDINANCE 20i�R V2,hpn ten firRalspl,F -Ada4e kcm6a'C➢ pndf- _ ��_d_ �1 _ File Ed'rt View Document Comments Forms Tools Advanced Window Help "� x y IJ .,r 4 !2 1Create PDF- ,. „i Combine Fle - Export .✓-i Startm —mg- S'W"- y Sign• Forms• Review &Comment - (4) the structure has: (a) a valid certificate of occupancy or compliance, as required by Chapter 25 -1, Article 9 (Certificates of Compliance and Occupancy); or (b) been determined by the building official not to pose a hazard to life, health, or public safety, based on a minimum life- safety N inspection. (D) A license issued under this section: (1) is valid for one year from the date of issuance, subject to a one -time extension of 34 days at the discretion of the director; (2) may not be transferred by the property owner listed on the application and does not convey with a sale or transfer of the property; and (3) satisfies the requirement for a change of use permit from residential to short -term rental use. (E) A license may be renewed annually if the owner: —_ hn ORDINANCE 20]2 -08f}2- 1221�vrt term renwtr.pdE- ,hdobe AnvbaC prvfessivnal �•_al��li�s.�/ Hle v Edit Vi D­ ­t Comments Forms Tvels Advanced Window Help x _Create PDF- Cmhi Fly- Eport- lStaet Meeeing- QSeevm- Sig, • Fv s Reie &Cnmment- (l) pays a renewal fee established by separate ordinance; (2) provides documentation showing that hotel occupancy taxes have been paid for the property as required by Section t l -2 -4 (Quarterly Reports; Payments) for the previous year; and (3) provides updates of any changes to the information required under Subsection (B) of this section. (F) An advertisement promoting the availability of short -term rental property in violation of city code is prima facie evidence of a violation and may be grounds for revocation of a license. § 25 -2 -791 NOTIFICATION REQUIREMENTS. (A) The director shall provide a packet of information with each license summarizing the restrictions applicable to the short -term rental use, including: (1) the name and contact information of the local responsible contact designated in the application; Page 4 of 8 Li Austin(ADINANCE 211298D2 -122 short term rentLpdf- Adabe Aerobat Professional File Edit View Document Comments Forms Tools Advanced Window Help x Crest PDF -I Comhine Films - ,�, E.port - P J Start Ivleeti.ng - Secure - / Sign * u Forms - r Review &Comment - 0- (2) occupancy limits applicable under Section 25 -2 -511 (,Dwelling Unit rIj Occupancy Limit); (3) restrictions on noise applicable under Chapter 9 -2 (Noise and Amplified Sound), including limitations on the use of amplified sound; (4) parking restrictions; (5) trash collection schedule; (6) information on relevant burn bans; (7) information on relevant water restrictions; (8) information on applicable requirements of the Americans with Disabilities Act; and `i Austin ORDINANCE 20120862 -122 shot. term rentals.pdE- Adobe Anob.t Processional I� _ _ File Edit Viso, Document lent: Fonn_ Tools Advanced Window Help x �: -.;; 5 (8 ,�f F.n.. - £Teate PDF -�+s+" Combine Fles - �{ Export -1 Start Meeeing - Secure - Sign • Form; Review & Comment - (9) other guidelines and requirements applicable to short -term rental uses. (B) The owner or operator of a short -term rental use must: (1) provide renters a copy of the information packet under Subsection (A) of this section; and (2) post the packet conspicuously in the common area of each dwelling rental unit included in the registration. (C) The director shall mail notice of the contact information for the local responsible contact to all properties within 100 feet of the short-term rental use, at the owner or operator's expense. § 25 -2 -792 DETERMINATION OF SHORT -TERM RENTAL DENSITY, (A) The director shall determine on an annual basis the total number of single - family, detached residential structures within each census tract and use that number to calculate the maximum number of licenses for Type 2 short -term rentals that may be issued under Section 25 -2 -7917 (Registration Requirements). (B) The determination required under Subsection (A) of this section shall be based [, Austin ORDINANCE 20IM802 -122. chart term ren[als.pdf - Adobe Acrobat Pro9ess —1 File €dit View Doc —t Comments Forme Tools :,,v —d Window Help 5 1 8 _, Create POF .;,J Cambne Fite=_- iExport- EI Start Meeting• Secure- y Sign- u1-- Review &Cnmment - on t e most current county tax records for each census tract within the zoning jurisdiction and may not be revised until the next annual determination is made. Q N O_ PART 4. City Code Chapter 25 -2, Subchapter E, Article 4, Subsection 4.2.1.0 (Mixed Use Combining District) is amended to read as follows: C. Uses Allowed. In the MU combining district, the following uses are permitted: Page 5 of 8 �i,[4:] Vertical [nixed use buildings, subject to compliance with Section 4.3. of this Subchapter; ii.[-261 Commercial uses that are permitted in the base district; Austin ORDINANCE 20120802 122 sh.rt term re .h.pd €- Ads be Ao w Professional File Edit Vi- D­.— Comments Forms T-1, Advanced Window Help x L_:� T 5 1 8 --I J - Create PDE - & Com6rne Ftes * 4�} i port C. Start Meeting - & Secwe- / Sign - LI Fu - J Review & Comment - iii. -1-] Civic uses that are permitted in the base district; iv. 4-1 Townhouse residential; v.L5-] Multifamily residential; vi. 0-. ] Single - family residential; vii.] Single - family attached residential; viii. S-] Small lot single - family residential; N O ix. 9-] Two - family residential; x1}7] Condominium residential; xi. 44-7] Duplex residential; xii. 4-2L:] Group residential; xiii. 4-3-] Group home, class I (limited); xiv. 44-] Group home, class I (general); [and] xv. 4-5-. ] Group home, class II; and L .Austin ©RDINAKCF 201MZ 122 short term r "hyd - Adahe Aefeb t Dro[essiana� _� File Edit Vi­ D­ ­t Comments Fns T­ Is Advanced Window Help x I W - ri Create PDF - �; Cn bTF .Fife4 r�Fxp ft - A;� Start Meeting - & Secure ° /Sign ° Fnims - 2 Review &Comment ° iii.] Civic uses that are permitted in the base district; iv. 4-1 Townhouse residential; v. Multifamily residential; vi. o;] Single - family residential; Ivii. -7-.] Single - family attached residential; viii. [S-:] Small lot single - family residential; N O 19-] Two - family residential; x1.4&] Condominium residential; xi. [44--.] Duplex residential; xii. 427] Group residential; xiii. 44.-] Group home, class I (limited); xiv. 4.4-] Group home, class I (general); [and] xv. 4-5-. ] Group home, class II; and j_, Austin DRtDINAfi6CE ZSI ^"' �- ]22shost tenor !mt IspdF -Adobe Avo tpt©ie55ip -1 File Edit Vi- Fl.- -t Comments Forme Tools Advanced Window Help x rest PDF- IC—bne Files- ,,Sport- Start Meeting- QSecure• 5p• L.4 F-- R- iex&Comment- xvi, Short -term rental. PART S. Sections 1308 (License Suspension) and 1309 (Appeal from License Suspension or Denial) of City Code Section 25 -12 -213 (Local Amendments to International Property Maintenance Code) is amended to read: 1308 LICENSE SUSPENSION PART (. The title of Chapter 13 of City Code Section 25 -12 -213 (Local Amendments to International Property Maintenance Code) is amended to read: CHAPTER 13 HOTEL, BOARDING HOUSE, ROOMING HOUSE, SHORT- TERM RENTAL AND BED AND BREAKFAST ESTABLISHMENT REGULATIONS PART 7. Sections 1308 (License Suspension) and 1309 (Appeal from License Suspension. or Denial) of City Code Section 25 -12 -213 (Local Amendments to International Property Maintenance Code) is amended to read:. Page 6 of 8 `i Austin ORDINANCE 2D12CfO2 -122 short terra rentals.pdt- Adobe A —bat Pro {essional l L7hrl�.i,5�1� File Edit View Dozument `-- Tools Advanced Window Help x Create PDF Combine Fles - �,j Epart- }Start Meeting- ZSeeure - %Sign^ UFurors^ f Review& Comment 1308 LICENSE SUSPENSI[)N Whenever the code official finds on inspection of the physical premises or review of applicable records of any boarding house, hotel, rooming house, short -term rental, or bed and breakfast establishment that conditions or practices exist that violate any provision of the International Property Maintenance Code, City Code, or any rule or regulation adopted under this code, the code official shall give written notice to the owner of the property and the operator of the boarding house, hotel, rooming house, short-term rental, or bed and breakfast establishment that unless the violations are corrected by an identified deadline, the [ , house,-er- bed -and breakfast license shall be suspended. At the end of the time provided for correction of the violation(s), the code official shall re- inspect the location or records of the boarding house, hotel, roorning house, short -term rentals or bed and breakfast establishment and, if the conditions or practices have not been corrected, shall suspend j Ausen. ORDINANCE20120802- 122 :hart term re .1,pdt- Adobe Acrobat Proles. —I — �•— I' � lis':r File. Edit View Document Comment: Form; Tool= Ad,an,ed Wind-, Help x 7 !8 ,: ,j J Create PIN Chine Rl,• yam. Export Start Meeting• Secure 1' Sign Farms Revieuv &Comment the license and give written notice to the licensee that the license has been suspended. On receipt of notice of suspension, the licensee shall immediately stop operation of the boarding house, hotel [e+], rooming house, short -term rental, or bed and breakfast establishment, and no person may occupy for sleeping or living purposes any rooming unit therein, except that the code official may allow continued occupancy y the primary resident(s) of a short -term rental. The notice required by this subsection shall be served in accordance with the notice provisions of applicable law. 1309 APPEAL FROM LICENSE SUSPENSION OR DENIAL J Q The following actions of the code official may be appealed to the Building and Standards 0 Commission as provided in this Code: 1. the denial of an application for a license to operate a boarding house, hotel, rooming house, or bed and breakfast establishment; Z. the suspension of a license to operate a boarding house, hotel, rooming house, short -term rental, or bed and breakfast establishment; and 3. the issuance of a notice that a license to operate a boarding house, hotel, rooming house, short -term rental, or bed and breakfast establishment will be suspended unless existing conditions or practices are corrected. Austin ORDINANCE 201MM2122shal W-- Nlspdi -Ado Acrop_aS File Idt View Documerrt Comments Farms Toals Ad--d Window Help x Create PDF - „_%t l Camtiine Fles - ,Export - I Start Meet%ng � WW Secure � 5qn u Forms - Review & Comment An appeal filed under this section must be fled with the code official no later than the 24th day following the date on which the license was denied or suspended, or notice of violation was received. The appeal roust be set for hearing before the Commission on the next available agenda date following receipt of the appeal and must be heard following setting can the scheduled agenda if a quorum is present at the hearing, unless the appellant requests a later date and waives the scheduled hearing, N PART 8. From the effective date of this ordinance through December 31, 2012, applications for a short -term rental (Type 2) use under Section 25 -2 -790 (Registration Page 7 of S Requirements) may only be submitted for a short -term rental (Type 2) use that existed as of June 13, 2011. PART 9. The provisions of this ordinance relating to a short -term rental (Type 2) use fj Austin ORDINANCE 2012UB02 -122 short term n_ 1,.pdf -Adobe Aa 16,t ProSessio File Edit Yiew Go current Comments Fo Tools Advanced Window Help x J N 0 ,Create PDF- 1 Co-m6ine Rtes- y�]Expa - �lStart Meeting- �Se�u , Sign• uForm.;- 'Review &Comment - constitute a pilot program. Council directs the city manager to present a report on the effectiveness of the program no later than one year after the effective date of this ordinance. The report should include, but not be limited to, data on impacts to neighborhood school enrollment, the conversion of long -term housing units to short -term rental (Type 2) units, and trends in the number and types of complaints made to the Code Compliance and Police Departments. if council finds that short -term rental (Type 2) uses have had significant negative effects on the community, council may consider termination of the short -term rental (Type 2) use. FART 10. The council waives the requirement for technical board review under City Code Section 25 -1 -502 (Amendment; Review). FART 11. This ordinance takes effect on October 1, 2012. PASSED AND APPROVED August 2_ , 2012 § m Austin ORDINANCE 20229802 -122 short term rerzW,pdf- Adobe Acrobat Processional '`�G3 +m � l�, File Edrt View Document - ents F.,— Tools Advanced Window Help 'l x -� 8 8 ':.I •J - Create PDF- i. Crrmb —Rl - Export Start Meetimg- Secure- / Sign Form- Review &Comment 4 Mayor 4 A'T'TEST : 1.11.1 If L-u a- tz�� Shirley 4. Gentry City Clerk Vail's Proposed Ordinance Goals of the new ordinance • Elevate the quality of the guest experience with protections from un- regulated rentals • Level the playing field with other lodging business license holders on license fees and other obligations • Assure that taxes due the Town are getting paid • Create penalties for non - compliance • Raise revenues for VLMD and TOV • Ensure that rentals remain part of the community �A TOWN Of V.11L TRADE NAME MAILING ADDRESS TOWN OF VAIL LODGING AND PROPERTY MANAGEME NT FEE SCHF:DUL.E FOR BUSINESS LICENSE I MARKETING (Required by Ordinance #28, Series of 1992) A. DETERMINE ZONE Zone I - Cascade Village to Manor Vail (south side of Interstate 70) lane 2 - Ou lying areas, i.e. West Vail, Sandstone, Golf Course, East Vail B. COUNT THE NUMBER OF ACCOMMODATION UNITS PER ZONE Zone 1 Zone 2 A FEE SCHEDULE FLAT FEE PER UNIT FEE Zone 1 $325.00 $17,00 Zone: 2 $24175 S1175 D. COMPUTE FEE Flat fee for zone business is located in of units in cone* I X $17.00 + #of units in zone 2 X S 12.75 +S TOTAL FEE DUE = S Quarterly pro - ration is allowed for newly opening businesses only. Re- opening seasonal businesses are not eligible for pro - ration. Opening January l Through March 31 1W %a orthc fee i% due_ Opening April I through Junc 10 75% or the fec is due, Opening July I through Sept mbcr ail 500% of the fee is due, Opcning on or after octobe r l 25% of the fec is duc THERE IS A 5100.00 MINIMUM FEE SIGNED DATE 7/15/2014 PRINT NAME TITI.F PHONE DRAFT ORDINANCE NO. X SERIES 2014 AN ORDINANCE ENACTING LICENSING REQUIREMENTS FOR VACATION RENTALS OF RESIDENTIAL PROPERTY FOR LESS THAN 30 DAYS Cn WHEREAS, the Town of Vail, in the County of Eagle and State of Colorado (the "Town "), is a home rule municipal corporation duly organized and existing under the laws of the State of Colorado and the Vail Town Charter; WHEREAS, the members of the Town Council of the Town (the "Council ") have been duly elected and qualified; WHEREAS, businesses operating within the Town of Vail are required to be licensed, regulated and pay taxes; WHEREAS, tourism is an important element of the local economy and rentals of hotel rooms condominiums and private homes is not prohibited by zoning and encouraged to be part of the character of the community and the right of personal property owners to rent their private residence; WHEREAS, the safety and welfare of residents and visitors within the Town of Vail is a priority; WHEREAS, sales taxes and lodging taxes are collected to fund municipal services including the Vail Local Marketing District, that requires payment of lodging and sales taxes on the rental of short term occupancy of less than 30 days; WHEREAS, hotels, bed and breakfasts, condominium rental complexes, and property management companies are required to be licensed, regulated and pay taxes; WHEREAS, cities in Arizona, California, Florida, Hawaii, Maine, New York, Illinois have enacted legislation to regulate Vacation Rentals of residential property; WHEREAS, owners of residential property that desire to operate transient lodging rentals of less than 30 days to visitors are acting in a similar manner to a hotel and must comply with similar requirements; N O_ NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. Vacation Rentals are defined as rental of a residential dwelling unit for less than 30 days. The extension of a previously existing rental agreement for less than 30 days or the lease of a residential unit for more than 30 days; or the rental between parties relating to the sale of that residential unit are exempt. Section 2. A business may license multiple vacation rentals under one license and pay the applicable fee based upon the number of residential units. Section 3. An application for Vacation Rentals must be completed and rIj returned to the sales tax department prior to issuance of a business license and a sales tax permit. Section 4. Vacation Rentals are allowed in all zoning and residential dwelling types that are not otherwise prohibited by covenants or home owner association governing documents. Section 5. Vacation Rentals are only allowed to be operated or licensed by the owner or his authorized short term rental agent of the residential dwelling unit. Vacation Rentals are not allowed: By any lessee or sub tenant. For less than the entire dwelling unit or a portion thereof, unless that residence is zoned for multiple lodging units such as a B &B, or separately rIj keyed with exterior access such as a legal lock off portion. By unrelated persons in the same dwelling unit not traveling together as friends or family under the same reservation To operate without a license. To advertise for rentals without first obtaining a license. Section 6. The application for Vacation Rentals shall require: The name, street address, mailing address, email address, and telephone number of the owner of the property that matches the same ownership name in county records. The name, street address, mailing address, email address, and telephone number of a local representative located within Eagle County who is authorized to act on the behalf of a Vacation Rental owner and take remedial action and respond to any violation of this code, and accept process service on behalf of owners that reside in a location outside of Eagle County. The street location, and unit number, the number of bedrooms and pillows and maximum occupancy of the residence, not to exceed local zoning guidelines. Proof of property insurance Proof of payment of sales taxes to the Town, State, and Vail Local Marketing District on an annual basis. If applicable, attached to each application shall be an affidavit executed by an authorized representative of the homeowners association or the board of directors which attests that: the homeowners association has approved the residence to be used as a Vacation Rental and that the residence is in compliance with all applicable governing documents and house rules. Renewal of this license and application on an annual basis. Information updates are to be filed within 60 days of any changes on the application. Proof of Lodging Quality Assurance inspection on an 18 month basis so long as this standard of inspection continues within the Vail lodging community. Section 7. Insurance requirements. During the term of this license the Cn property owner shall maintain adequate insurance to protect the welfare of the renters and the adjoining neighbors with the Town of Vail as a certificate holder evidencing; homeowners fire, hazard and liability insurance in amounts of not less than $1,000,000 for liability and $500,000 for bodily injury and property damage for the residential property named in the application. Section 8. The applicant shall maintain current guest registration records which contain the guests name, address, phone number, vehicle information, and signature reflecting the dates of occupancy for a period of not less than three years. Section 9. Advertising without a license for Vacation Rentals is prima facie evidence that a violation of this code has occurred and a business license shall be denied for a period of 60 days and the application fee will be increased by $500. Section 10. Code enforcement personnel shall have the obligation to investigate complaints of unlicensed Vacation Rentals and report back to the complainant and maintain copies of any complaints in a file system for each licensee. Violators of this code shall be given a summons to be heard in municipal court. Section 11. A license may be denied or revoked for violations of this ordinance by the municipal court of the Town of Vail. Section 12. This license shall be valid only to the person or business to whom it was issued and it shall not be subject to sale, assignment, or transfer, voluntary or involuntary, nor shall the license be valid for any residence other than for which it was originally issued. Section 13. A license shall be denied or revoked for the following reasons. The applicant makes any false or misleading statement or misrepresents any fact in the license application. The homeowners association suspends or revokes their approval. N Residents, agents or owners fail to comply with or provide false statements to O conceal their rental status. Insurance is cancelled or not maintained in prescribed amounts. Section 14. Insert Vail enforcement code section Section 15. Insert current Lodging License Fees Insert TOV Business License Fee Revenue Breakdowns Information from Staff on All Business License holders and Lodging with Lodging Broken down between Hotels and Condos VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: July 15, 2014 ITEM /TOPIC: Information Update: 1) Quarterly Report Capital Projects & Programs; 2) VEAC 070814 Meeting Minutes; 3) CSE 070214 DRAFT Meeting Minutes; 4) Economic Indicators Winter 2013/14 ATTACHMENTS: 2014 Capital Projects and Program Updates CSE 070214 DRAFT Meeting Minutes VEAC 070814 Meeting Minutes Economic Indicators Winter 2013/14 7/15/2014 rowH Of vn' 111 0 TOWN OF VAIL Council Action Plan 2014 -2016 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 FOCUS AREA III Prepared for Town Council Meeting on July 15, 2014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area l/l — Continually Elevate the Quality of the Experience F "TINHALLY LEUATETHE n TY OF THE ERIENCE Initiative: Continue to provide excellent municipal services Tactic: Note: this project was not listed in the Council Action Plan, but staff believes it belongs in this area. Project: Vail Village Welcome Center Budget: $1,294,568 ($18,186 — 2013; $1,276,383 -2014) Description: Remodel of existing facility including addition of rest rooms and guest service enhancements. Team Leader: John King Summary of Last Quarter Actions: • Performed exploratory demolition. • Hired Mechanical and electrical design build contractor • Made interior finish material selections. • Continued with architectural and structural design Summary of Next Steps for Current Quarter: • DRB Final (Scheduled for May7th) • Update cost estimate and budget • Procure long lead item shop drawings • Award GMP contract QUARTERLY REPORT ON PROJECTS AND PROGRAMS 022014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area 111 — Continually Elevate the Quality of the Experience F ONTINUALLY LEVATE THE ALITY OF THE ERIENCE Initiative: Improve the quality /convenience of parking and transportation Tactic: Replace existing parking equipment in 2014 Project: Parking Equipment Replacement Budget: $600,000 Description: Replace 7 to 12 -year old parking equipment at the Vail Village and Lionshead parking structures, Ford Park lot and soccer field, including on -site equipment such as gates and ticket dispensers as well as software to manage a variety of parking charges and parking credentials. Team Leader: Mike Rose Summary of Last Quarter Actions: • Request for Proposals (RFP) issued February 18 • Site visit of facilities by interested vendors conducted March 5 • Four responses received by March 14 • Interviews conducted with four vendors week of April 13 • Team evaluated vendors and determined recommendation Summary of Next Steps for Current Quarter: • Make recommendation to Council for bid award May 6 • Complete contract and order equipment QUARTERLY REPORT ON PROJECTS AND PROGRAMS 022014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area 111— Continually Elevate the Quality of the Experience CONTINUALLY ELEYATETHE OVALITY OF THE EXPERIENCE Initiative: Improve the quality /convenience of parking and transportation Tactic: Construct new Lionshead parking structure and skier drop off improvements in 2014. Project: Lionshead Parking Structure Entry Budget: $2,295,000 ($130,038 — 2013; $2,164,962 — 2014) Description: Improve entry area into LH parking entry including booth attendant stations prior to 2015 World Championship Team Leader: Tom Kassmel Summary of Last Quarter Actions: • Completed first phase of construction including; Demo, utilities, grading, paving and new lowest level skier drop off one way loop. Summary of Next Steps for Current Quarter: • Fall Construction September 2nd thru November 15th, 2014: Includes Entry Structure and implementation of new parking equipment. • Lionshead Parking Structure Main Entry Closed September 2nd thru November 15th, access is via lower level access off of East Lionshead Circle QUARTERLY REPORT ON PROJECTS AND PROGRAMS Q2 2014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area l/l — Continually Elevate the Quality of the Experience rEX;PP"EE"TR" NHALLY TETHE OF THE IENCE Initiative: Improve the quality /convenience of parking and transportation Tactic: Complete frontage road bike lane /shoulder widening and turn lane projects in spring 2014 in advance of CDOT overlay in summer 2014. Project: North Frontage Road Bike Lanes /South Frontage Road Bike Lanes Budget: $1,500,000/$500,000 Description: Bike lane shoulder from Red Sandstone School to Buffehr Creek on North Frontage Road and from Matterhorn to Cascade on South Frontage Road Team Leader: Chad Salli Summary of Last Quarter Actions: • Project Completed Summary of Next Steps for Current Quarter: QUARTERLY REPORT ON PROJECTS AND PROGRAMS 022014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area l/l — Continually Elevate the Quality of the Experience rEXiPP"EE"TR" NHALLY TETHE OF THE IENCE Initiative: Improve the quality /convenience of parking and transportation Tactic: Implement phase II and III wayfinding (Overhead Variable Message signs, pedestrian blades, directories /maps and bus stop signs) in 2014 Project: Guest Service Enhancements /Wayfinding Budget: $3,462,727 ($300,780 — 2013; $3,161,947 — 2014) Description: Replace the existing off ramp VMS with new overhead VMS and add two additional overhead VMS to the Vail Village and Lionshead legs of the roundabout, replace the current pedestrian blades, pedestrian directories, in town bus stops and Parking Structure entry signs as well as updating the roundabout directional exit signs. Provide level count signage within the parking structures. Team Leader: Greg Hall Summary of Last Quarter Actions: • Finalize designs on all aspects • Obtain bids on the various components • Award contracts for implementation Summary of Next Steps for Current Quarter: • Finalize designs on all aspects • Obtain bids on the various components • Award contracts for implementation • Implement the project QUARTERLY REPORT ON PROJECTS AND PROGRAMS 022014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area l/l — Continually Elevate the Quality of the Experience COHTINHALLY ELEUATETHE OIIALlTY OF THE EXPERIENCE Initiative: Improve the quality /convenience of parking and transportation Tactic: Complete planning phase by 2015 and construct Vail 1 -70 underpass in 2016 -17 Project: 1 -70 Vail Underpass Budget: TOV $6m (2014- $600k, 2015 -$1 m, 2016- $2.2m, 2017- $2.2m); CDOT $14.8m Description: The 1 -70 Vail Underpass is a proposed new multimodal pedestrian and vehicular connection that is midway between Main Vail and West Vail exits, passing under 1 -70. This underpass has been identified in the Vail Transportation Master Plan (VTMP) and the CDOT I- 70 Programmatic Environmental Impact Statement (PEIS) as a critical link between the North and South Frontage Road. The Town and CDOT have recently entered into a Letter of Commitment and an Inter - Governmental Agreement (IGA) to jointly fund the design and construction of this project with an expected completion date of December of 2017. Additional project information is available at the project website at www.vailgov.com /underpass Team Leader: Tom Kassmel Summary of Last Quarter Actions: • Council Endorsed the preferred location and conceptual compact roundabout design • Began preliminary design Summary of Next Steps for Current Quarter: • Complete preliminary design by end of August • Begin CDOT's Environmental Clearance process QUARTERLY REPORT ON PROJECTS AND PROGRAMS Q2 2014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area l/l — Continually Elevate the Quality of the Experience rEXiPP"EE"TR" NHALLY TETHE OF THE IENCE Initiative: Focus on environmental programs appropriate to our size Tactic: Complete actions identified in Gore Creek Water Quality Improvement Plan Project: Gore Creek Water Quality Improvement Plan Budget: $1.5 million (capital) Description: The Gore Creek Water Quality Improvement Plan identified three causes of the decline in water quality in Gore Creek: 1) degradation /loss of the riparian area, 2) impacts from urban runoff and impervious cover, 3) pollutants from urban runoff and land use activities. Strategic actions have been identified: 1) Regulatory Measures 2) Education and Outreach 3) Site Specific Projects 4) Best Management Practices 5) Monitoring and Study Each strategic action will be expanded and appropriate projects identified, prioritized, and budgeted in the Gore Creek Strategic Action Plan. Team Leader: Gregg Barrie /Kristen Bertuglia Summary of Last Quarter Actions: • Research on pesticide applicator regulation • Landscape contractors meeting April 25th at Donovan Pavilion • Presentations to Vail Recreation District Board, Vail Economic Advisory Council, Community Meeting and Contractor Meeting • Restore the Gore water bill insert on recommended pesticide application practices. Summary of Next Steps for Current Quarter: • Identify additional staff and resource needs • Set priorities and begin to develop Gore Creek Strategic Action Plan • Release RFQ for professional Gore Creek Water Quality Education Plan • Interview and select firm and begin outreach • Convene Gore Creek Water Quality Advisory Committee QUARTERLY REPORT ON PROJECTS AND PROGRAMS Q2 2014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area l/l — Continually Elevate the Quality of the Experience r NHALLY TETHE F THE IENCE Initiative: Implement technology to ensure competitiveness Tactic: Complete cellularMi -Fi installation by fall 2014 Project: Cellular and Wi -Fi Installation Budget: Staff time only — no out -of- pocket cost to town Description: Improve cellular and wireless service throughout Vail by providing space for equipment and working with Crown Castle and their carriers AT &T and Verizon to upgrade infrastructure for both cell phone and wireless service Team Leader: Ron Braden Summary of Last Quarter Actions: • Sprint has been added as a carrier on the system. • On May 20, Town council approved plans to add six nodes for Verizon service; add a third set of antennas to the seven poles Sprint will occupy; and add or move two poles to improve signals in Buffehr Creek and Potato Patch. • Project was showcased at Mountain Connect information technology conference. • Construction continued. Summary of Next Steps for Current Quarter: • Continue construction of additional nodes and antennas outlined above. QUARTERLY REPORT ON PROJECTS AND PROGRAMS Q2 2014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED JUNE 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area 111— Continually Elevate the Quality of the Experience Initiative: Implement technology to ensure competitiveness Tactic: Update town -wide camera infrastructure platform, including new bus cameras and Vail /Lionshead Village security cameras by summer 2014. Project: Town -wide Camera Infrastructure Budget: $100,000 (2013 $30,021; 2014 $69,979) Description: Install and /or update camera infrastructure in various locations throughout the town Team Leader: Ron Braden Summary of Last Quarter Actions: • Installed updated video cameras in Administration building. • Received proposals to replace camera system in buses including an offer to outfit a bus as a demonstration. Summary of Next Steps for Current Quarter: • Complete free demo of cameras installed on a TOV bus. • Install (24) video cameras in Village and Lionshead pedestrian areas for 2015 WASC. QUARTERLY REPORT ON PROJECTS AND PROGRAMS Q2 2014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area l/l — Continually Elevate the Quality of the Experience r NHALLY TETHE F THE IENCE Initiative: Facilitate world -class recreation amenities Tactic: Complete 18th hole relocation at Vail Golf Club Project: Establish a new 18th hole and tee boxes Budget: $489,000 Description: The project establishes a new hole and tee boxes for a new par 4 18th hole, ball flight from play will be away from the current clubhouse, staging areas and parking lot. Team Leader: Greg Hall Summary of Last Quarter Actions: • Work was completed and opened for play July 1st Summary of Next Steps for Current Quarter: QUARTERLY REPORT ON PROJECTS AND PROGRAMS 022014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area l/l — Continually Elevate the Quality of the Experience r NHALLY TETHE F THE IENCE Initiative: Facilitate world -class recreation amenities Tactic: Enhance the Vail Golf Course driving range to golf course experience Project: Replace the southern driving range net with taller net Budget: $ 839,000 (Included in RETT other golf course improvements) Description: Increase the height to a height of up to 135' form the current 80' Team Leader: Greg Hall / Vail Recreation District Summary of Last Quarter Actions: • Project was completed Summary of Next Steps for Current Quarter: QUARTERLY REPORT ON PROJECTS AND PROGRAMS 022014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area l/l — Continually Elevate the Quality of the Experience r NHALLY TETHE F THE IENCE Initiative: Facilitate world -class recreation amenities Tactic: Remodel Nordic center /golf course clubhouse Project: Golf Clubhouse and Nordic Center Budget: $6,645,178 ($376,549 — 2013: $6,268,629 — 2014) Description: Project was initiated following overwhelming approval by voters to use conference center funds to upgrade the Vail Golf and Nordic Center. The project met opposition through the approval process and a lawsuit was filed by 8 adjacent property owners in October of 2012. The project received planning and environmental commission approval. The lawsuits have been resolved in the courts and the project can begin to get back on track. Team Leader: Greg Hall Summary of Last Quarter Actions: • An updated construction cost estimate was obtained for the project as well as a second construction cost estimate. A revised expenditure and future expenditure budgets projection were updated Summary of Next Steps for Current Quarter: • Based on the updated cost estimates and expenditures to date, the staff and design team are looking at options regarding the scope of the project to bring back to the Vail Town Council as the costs have escalated due to the delays associated with project lawsuits • Meet with the Recreation Sub committee and a possible joint meeting with the Vail Town Council and Vail Recreation District board to review the project and next steps • Based on the direction received by the Vail Town Council proceed to contractor selection and Final Design Review Board approval once schedule and scope is determined QUARTERLY REPORT ON PROJECTS AND PROGRAMS Q2 2014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area 111 — Continually Elevate the Quality of the Experience r NHALLY TETHE F THE IENCE Initiative: Facilitate world -class recreation amenities Tactic: Complete upper bench improvements at Ford Park (on time and on budget) Project: Ford Park Improvements on the upper bench Budget: Improvements and Fields $8,838,782 ($4,757,990 — 2013; $4,080,792 — 2014) Description: Continuation of Phase 1 B Improvements under contract with American Civil Constructors (ACC) that were initiated in August 2013. The sport field portion of the improvements include realignment of the softball fields to allow for 2 full size soccer /lacrosse fields, synthetic turf infields, drainage system, irrigation, fencing and site circulation. The civil portion of the improvements include a new bus lane and shelter, improved parking lot entrances, new trash building, storm sewer and storm water quality devises, and Frontage Road turn lanes and shoulders. Team Leader: Todd Oppenheimer Summary of Last Quarter Actions: • American Civil Construction missed their mid June completion date for the parking lot and Frontage Road. This is due in part to the late reception of the CDOT permits and a shortage of available work crews. The parking lot was open for the beginning of the summer season at the Ford Amphitheater and will remain so throughout the summer. Irrigation and landscaping will continue for the next few weeks with minor impacts to the use of the park. Summary of Next Steps for Current Quarter: • ACC is now making good progress and have a sufficient work force to finish in a timely manner. The installation of the sod on the ball fields is scheduled for early August which will allow time for it to establish before winter 2014. • No events are scheduled for the Ford Park sport fields for the 2014 season. Use of the sport fields will begin spring 2015. QUARTERLY REPORT ON PROJECTS AND PROGRAMS Q2 2014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area l/l — Continually Elevate the Quality of the Experience r NHALLY TETHE F THE IENCE Initiative: Facilitate world -class recreation amenities Tactic: Complete improvements at the Gerald R. Ford Amphitheater. Project: Ford Park Improvements Gerald R. Ford Park Amphitheater Budget: Gerald R. Ford Amphitheater $2,100,000 Conference Center Funds ($1,257,306 — 2012; $842,694 — 2013) plus $1,210,000 advance to Vail Valley Foundation Description: Vail Valley Foundation managed project. The improvements include the construction of the social courtyard with tensile roof structure and Ford Family Tribute. Team Leader: Greg Hall / VVF Summary of Last Quarter Actions: • Construction completed • Opened for Hot Summer Nights June 17 Summary of Next Steps for Current Quarter: QUARTERLY REPORT ON PROJECTS AND PROGRAMS 022014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area l/l — Continually Elevate the Quality of the Experience r NHALLY TETHE F THE IENCE Initiative: Facilitate world -class recreation amenities Tactic: Complete improvements to lower bench playground and restrooms at Ford Park Project: Ford Park Playground Safety Improvements /Public Restrooms Budget: Playground safety improvements $304,000; restrooms $368,268 ($34,094 — 2013; $334,174 — 2014) Description: Provide safety and functional improvements to playground last modified in 2000 and replace restrooms built in1984 at lower bench. Timing of projects to be concurrent. Team Leader: Todd Oppenheimer Summary of Last Quarter Actions: • Staff directed the previously selected consultant team of Martin and Martin Engineering and Zehren Associates Architects /Landscape Architects to restart work on the playground restroom and associated playground modifications on July 3. The intention is to proceed through the approval process and possibly negotiate a joint construction effort with the Betty Ford Alpine Gardens Education Center. • Staff has evaluated all the possible accessible routes in Ford Park for compliance with the ADA requirements and recommends that the sidewalk between the Ford Park playground and the proposed Education Center be constructed to fully comply with the ADA requirements and be considered as the primary accessible route between the upper and lower benches of Ford Park. Summary of Next Steps for Current Quarter: • Staff and the consultant team will present a preliminary design for the Ford Park playground restroom and related improvements to the Town Council on August 5. QUARTERLY REPORT ON PROJECTS AND PROGRAMS Q2 2014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area l/l — Continually Elevate the Quality of the Experience r NHALLY TETHE F THE IENCE Initiative: Facilitate world -class recreation amenities Tactic: Design and renovate Booth Creek Park Project: Booth Creek Park Redevelopment /Booth Creek Playground Safety Improvements /Booth Creek Tennis Courts Budget: Park redevelopment design $250,000; playground $385,250; tennis courts $262,000 Description: Plan and design renovations of Booth Creek Park in 2014 with final construction in 2017; playground safety improvements and tennis courts dependent on overall design. Team Leader: Todd Oppenheimer Summary of Last Quarter Actions: • The Vail Recreation District made a presentation to the Town Council on June 17 to outline their position on pickleball courts as recreation facilities in Vail. The VRD stated they did not need pickleball courts at Booth Creek Park and would continue to utilize and possibly enhance the courts at Golden Peak. • The Recreation Subcommittee met on June 18 to discuss the list of possible amenities and features to include in the design of Booth Creek Park. Several Booth Creek Park Neighbors were present and provided opinions to the Subcommittee for consideration. Staff is preparing a memorandum to the Town Council which summarizes the results of the Recreation Subcommittee meeting and make a proposal for the final list for consideration and approval. • The 5 remaining options have been posted to the Town website www.vailgov.com \boothcreekpark for review and comment by the community. • The first neighborhood /community meeting for the Booth Creek Park project has been advertised and scheduled for April 24 at the Vail Mountain School. Summary of Next Steps for Current Quarter: QUARTERLY REPORT ON PROJECTS AND PROGRAMS Q2 2014 7/15/2014 • Staff will prepare a memorandum proposing the final list of amenities and features for inclusion in the design of Booth Creek Park along with additional preliminary park designs for the August 5 Town Council regular session. QUARTERLY REPORT ON PROJECTS AND PROGRAMS 022014 7/15/2014 REPORT ON PROJECTS AND PROGRAMS FOR THE QUARTER ENDED June 30, 2014 Prepared for Town Council Meeting on July 15, 2014 Town Council Focus Area l/l — Continually Elevate the Quality of the Experience r NHALLY TETHE F THE IENCE Initiative: Facilitate world -class recreation amenities Tactic: Locate, design and create a timetable to build a permanent skate park Project: Permanent Skate Park Budget: None Description: Evaluate sites to locate a permanent skate park to replace the temporary facility installed on the Lionshead parking structure upper deck each year. The temporary skate park ramps were constructed 8 years ago and should be replaced within the next 1 to 2 years. Once a suitable location is established, develop a design proposal and prepare a proposed budget and timetable for implementation. Team Leader: Todd Oppenheimer Summary of Last Quarter Actions: • Staff reported back to Town Council on May 20 in regards to a possible skate park site on USFS land near Golden Peak. All property in the area is owned by Vail Resorts. Vail Resorts is willing to discuss a skate park on their property but the structures would have to be temporary and be removed completely each fall for winter operations. • Staff has begun working with American Ramp Company to investigate the feasibility of a skate park in the Lionshead Atrium. Summary of Next Steps for Current Quarter: • Staff will schedule a follow up discussion with the Town Council late this summer to present the results of the work with American Ramp Company. QUARTERLY REPORT ON PROJECTS AND PROGRAMS Q2 2014 7/15/2014 TOWN OF VAIL Commission on Special Events DRAFT MINUTES: COMMISSION ON SPECIAL EVENTS MEETING Vail Town Council Chambers Wednesday, July 2, 2014 @ 8:30 a.m. CSE Members Present: Jeff Andrews Bobby Bank Amy Cassidy Barry Davis Mark Gordon Rayla Kundolf Nicole Whitaker Town of Vail Staff Present: Sybill Navas, CSE Coordinator Kelli McDonald, Economic Development Manager Others Present: Laura Waniuk, Event Liaison Margaret Rogers, Vail Town Council Sean Glackin, Alpine Quest Sports Cabal Yarne, Lionshead Merchant Association /Vail Chamber Business Association, Arriesgado Missy Johnson, Highline Brooke Macke, Vail Resorts Kendyl Severino, Vail Resorts Meeting materials may be accessed at: http://www.vailgov.com/WebLink8/0/fol/305888/Rowl.aspx CSE Chair, Barry Davis, called the meeting to order at 8:30 a.m. Administrative Items Approval of the Minutes of the CSE Regular Meeting of June 4, 2014 Motion to approve the minutes of the CSE meeting of June 4, 2014, as presented. M /S /P: Kundolf /Cassidy /Unanimous -The motion passed 7 -0. CSE Minutes Regular MMMIJ: July 2, 2014 Page 1 of 4 Financial Update See attached document, Vail SnowDaze and Holidaze are the only events for which agreements have not yet been sent. Funding agreements will go out after Highline provides information on specific dates and content. TIER IV Funding Procedure Update Please see Town of Vail application included in packet for Tier IV. Applications were due on 6/27. The Town Council will determine what portion of the total budget is designated for allocation by the CSE. Six organizations have submitted for Tier IV funding. Trademark Status: Vail Oktoberfest and Vail America Days They have gone all the way through the process. Navas will check with Matt Mire to determine in what form the official record should be expected. Confirm: Joint meeting with ERC /CSE /LLA and change of date to Thursday, August 14 from 1 pm -3pm The meeting is tentatively scheduled for The Grandview. All CSE members except for Bank can attend. Proposed joint meeting with VEAC — Date: Tuesday, September 9 (tentative date) Currently most of the CSE members can attend. Update on marketing efforts for summer events Please see presentation. Waniuk and Navas are currently working with Kick It 3x3 soccer tournament to improve communication. Vail Rocks, new event manager, but marketing is coming together well. Colorado Wine and Spirits Festival in LH, Sept 26 -27 Navas reported that Asmussen has been struggling with liquor license issues in Lionshead. Asmussen said that she is going ahead with the event in any case, either in Arrabelle or in the mall, should agreement from Arrabelle not materialize. Davis asked about the communication with the Lionshead merchant association; Asmussen has not been able to get a final answer from either the Lionshead Merchants Association or Arrabelle. Permit is due around August 1. Highline has been able to work with Arrabelle to have profit sharing for events such as Oktoberfest. Andrews stated that the Arrabelle team is very cooperative and tries to work with the event producers. Cabal Yarne, the representative from the Lionshead Merchant Association explained that Asmussen's event is for profit, and normally they work with non- profits. The Lionshead Merchant Association is discussing the possibility of collecting the revenue and then reimbursing Asmussen after the event. Event Recap: Vail Whitewater Kayak Series It was a great event, very successful. The main issue was parking for the participants who had been asked to unload their gear and park in the parking structure. Lots of spectators, Up the Creek and Mountain Standard patios were both full. Work Plan Progress: The following 4 items reflect suggested tasks for Q3 Overall strategy — what are we changing? What are we keeping? What does that recap program look like? Do we want to keep it the same or accept the revised Tier Definitions? CSE Minutes Regular MMMIJ: July 2, 2014 Page 2 of 4 Review results of Community Surveys Navas stated that there were around 700 people who took the survey. The survey reported high levels of satisfaction with the town of Vail and the quality of events. Re- evaluate objective event selection, funding and evaluation criteria based on alignment with Council goals and VLMD research results and marketing focus. Review of the VLMD goodness research survey, please see slides. Only destination guests took the survey. This research helps provide foundation for assessing event selection criteria. McDonald stated that we need to have the calendar of events up and ready in January so guests feel like there is something to do in Vail. Andrews stated that from a lodging point of view, larger events should be posted six months to a year in advance. The other ambient events are valuable, but do not provide a specific reason to book hotel stays. McDonald stated it has been an ongoing challenge to get hotel rates posted ahead of time and have their inventory loaded online. Properties need to have their rates ready a year in advance. Navas discussed the slide about barriers and how important it is to get the summer hotel rates up as soon as possible so guests don't think that it's too expensive here. Reviewed revised criteria ratings, subtle changes in rating and verbiage. Please see the attached and updated Criteria scorecard and Tier Definitions documents which have been edited to include changes as requested in the discussion. Current Guidelines for Post Event Recaps Navas discussed the current post event recap guidelines: Who is responsible for taking a survey? Who pays for it? Currently events receiving $10k or under are not required to conduct an independent survey. Andrews stated that in the memo we asked for $50k from the Town Council, and he stated that he thinks that we could do a significantly smaller and simpler survey that would provide the information that is needed, and save costs. It is a CSE responsibility to supply event review data to Town Council, Taxpayers, and Business Community. Andrews stated that if the CSE creates a simple survey, all events should be able to utilize it. McDonald stated that we have the VLMD intercept study going on over the summer, so perhaps we can get the NPS data from the VLMD and use that for assessments. She added that it may be possible to get preliminary data on a weekly basis that could illustrate NPS scores relative to the events taking place within the previous week. Kundolf also stated that another report, DestiMetrics, is a valuable tool to identify event successes with respect to occupancy rates. Andrews stated that we can cull the questions down since VLMD has received so much of the target demographic data from the goodness research. McDonald noted that the CSE won't know if the request to include an item in the overall TOV budget to survey all publicly funded events will be approved until late October, which is several weeks after the RFP is scheduled to go out. CSE members agreed that the RFP will state that each event producer will have to provide recap data substantiated by an independent survey but there will be a lot fewer questions involved in the survey, and the requirement may be waived should the CSE's request be approved. CSE Minutes Regular MMMIJ: July 2, 2014 Page 3 of 4 McDonald suggested inviting the VLMD to attend the CSE August meeting, as today's discussion of criteria and review would be of interest to them . Davis agreed that was a good idea and they should be encouraged to come. (Following the meeting, Andrews suggested that it would be better to invite them to the September 3rd meeting, when the documents will be in a more final format. CSE members agreed.) Determine survey /recap requirements for 2015 and implementation options Navas stated the RFP for 2015 events is scheduled for final approval in the September meeting and needs to be posted as immediately following as possible. The information collected from today's meeting will be presented in a draft RFP document at the August meeting. Sponsorship deliverables: request to be included in RFP as part of application for funding? The question was asked if sponsorship deliverables should be defined as part of the RFP. The CSE responded it should be part of overall agreement, but not part of the RFP. New Business and Community Input Bank queried why the banners from the Arts Festival were taken down and the Bravo banners were put up before the Arts Festival began, and remarked that this needs to be kept in mind for future events. McDonald explained that the staff manages a complex banner display program, and will try to give each event the most exposure possible. ➢ Motion to adjourn at: 10:59 a.m. M /S /P: Kundolf /Cassidy /Unanimous- The motion passed 7 -0. Next CSE Meeting: Wednesday, August 6, 2014 @ 8:30 a.m. Vail Town Council Chambers CSE Minutes Regular MtWMIJ: July 2, 2014 Page 4 of 4 0 COMMISSION ON SPECIAL EVENTS TOWN OF VAlL 2015 Event Recruitment Criteria Score Card Commission on Special Events Maximum Score 100 7/15/2014 Criteria Rating Potential To: Increase Room Nights Out of Region Guests (50 %) 0 -10 Regional Destination Guests (32 %) 0 -5 International Guests (3 %) 0 -5 Drive Group Business 0 -5 Increase Sales Tax Revenue 0 -10 Timing Optimize calendar - "the right events at the right time 0 -5 Demographic Fit Optimize visitor mix (age, income, demographic targets per VLMD research data) 0 -10 Growth Continues to evolve by delivering fresh content, enhanced experience 0 -5 Builds a sense of community 0 -5 Promotes an atmosphere of vitality, fun and celebration 0 -5 Brand Fit Supports the Vail brand Message 0 -10 Marketing Strength Media Exposure 0 -10 Potential to Leverage funding w /Sponsorships 0 -5 Producer Qualifications Quality, local knowledge and resources to sustain the event 0 -10 Maximum Score 100 7/15/2014 TOWN OF VAIN# Commission on Special Events CSE Revised Event Tier Explanation Goal: Deliver a diverse calendar of events in the Town of Vail Funding Payments: All Tier A, B or C events funded at $10,000 and under will receive their allocation in a single payment. All events funded at $10,001 and over will receive their funding in three equal disbursements as follows: 1. Return of a signed agreement outlining conditions of the funding and expected deliverables. 2. Submittal of a complete Special Event Permit Application (if applicable) and proof of compliance with all marketing checklist requirements. 3. Approval by the CSE of the post -event recap report. Events receiving public funding allocated by the CSE will be categorized into one of four tiers as follows: ➢ CSE Tier A • Established Signature or Iconic events that take place over multiple days and /or weeks • Drive overnight visitation • Promoted by and delivering local, regional, national and international media exposure • Provide their own event survey data • Many of these events receive their funding from the Town Council, Tier I "Vail Brand Events." • Post event review and evaluation will be overseen by the CSE ➢ CSE Tier B • Newer events, participatory sporting events and large scale ambient events which support the CSE's criteria for promoting economic vitality and /or driving overnight and destination visitation • Primarily local and regional media exposure, may attract some national exposure or sponsorships • CSE provides event survey services ➢ CSE Tier C • Ambient events which contribute to a sense of community, vitality and fun; enhance the guest experience CSE Revised Event Tier Explanation - 7/2/201 ,f/15/2014 Page 1 of 2 • Primarily local media exposure • Event survey results not required ➢ CSE Tier IV: Life Long Learning Category • Promote life long learning and /or health and well- being, and contribute to a balanced community • Shall be recommended to CSE through TOV channels • Potential for local, regional, national and international media exposure • Event survey requirement will be determined based on scale of funding and event attendance potential • Funding disbursement schedule will be determined based on programming and amount of funding received. CSE Revised Event Tier Explanation - 7/2/201 ,f/15/2014 Page 2 of 2 Vail Economic Advisory Council (VEAL) July 8, 2014 MEETING MINUTES VEAC Members Present: Rayla Kundolf; Michael Kurz; Chris Romer; Rob LeVine; Mike Ortiz; Robin Litt; Paul Wible; Greg Moffet, Bob Boselli, Matt Ivy, Mark Gordon and Laurie Mullen Others Present: Laura Waniuk — Town of Vail Event Liaison; Kim Langmaid, Walking Mountains, Duncan Horner & Kate Peters, Vail Valley Foundation TOV Staff Present: Town Manager Stan Zemler; Economic Development Manager Kelli McDonald; Finance Director Judy Camp, Environmental Sustainability Coordinator Kristen Bertuglia 4t" of July Notes: Parade was a success, town was very busy. Lacrosse tournament was a bit smaller due to the World Championships in Denver, some players made the decision to go to that event instead of playing in the Vail Valley. Walking Mountain Vail Initiatives, Kim Langmaid and Kristen Bertuglia Please see attached presentation and www.walkingmountains.org McDonald asked if lodging guests have been asking about Green Initiatives at the hotels. LeVine responded that the group business tends to inquire more often. The meeting planners are also curious about the steps being taken by the properties to be more environmentally friendly and aware. There are only three more training sessions left for the Actively Green 2015 initiative. http: / /www.walkingmountains.org /project /actively -qreen -2015/ 2015 World Alpine Ski Championships Update, Duncan Horner and Kate Peters, Vail Valley Foundation Please see attached presentation, explanation of goals, branding and background of event. Horner discussed the overall strategy - reach, recruitment and reservations and how they measure against KPI's. McDonald asked if there are opportunities for local businesses to get involved. Peters responded there will be merchant and business meetings closer to the event, as well as an event marketing guide. There will be discussions of the impact and operations of the event. Community collaboration is the key to success for the event. There will be marketing communications to the Front Range, hitting travel and leisure type publications. Resort App is the official app of the 2015 Championships. Kurz asked who is planning to attend, what is the demographic? The target audience is the people who can afford to come here and have 7/15/2014 the ambition to travel. The economy in Europe may have an impact on number of attendees. Boselli asked what type of schedule the local businesses can expect. The races end around 2pm, and then there should be traffic to the Vail Village businesses. There is a plan to help the businesses understand the scheduling and how to staff up accordingly. McDonald stated that Vail Resorts will handle the marketing and messaging about the mountain operations and promoting activities on the mountain. Question asked about marketing the lodging on the web page for the Front Range. The Front Range is a less expensive alternative and offers the opportunity to bookend their Vail stay with a room night in Denver. The Front Range is also supporting the event by marketing it. Promoting EGE as a destination is important, need to try to step up marketing for the EGE airport. httD://vailbeavercreek20l5.com/ http:// www. vvf. org/ athletics /2015 - world- championships.aspx http : / /www.resortapp.com /index.php Status Reports on Ideas To Enhance Economic Vitality, VEAC Members Please see attached .xls file for review. Financial Report, Judy Camp Please see attached report document. • Sales Taxis trending up 6.1% from May YoY. • Year -to -date collections through May are up 7.6% from prior year and 5.4% from budget. • Ski season is up 9.2% overall with lodging up 12.6% followed by retail up 9.0% and food and beverage up 6.8 %. • Real estate market is improving with real estate transfer tax up 42% from last year. • Construction use tax up 22% from last year - seeing uptick in building permits and remodels as well as an increase in valuations. Town Manager Report, Stan Zemler • There will be a council retreat at the Grandview room, Tuesday, July 15 from 8am- 12pm. Featured discussion with RRC about peer resorts and Vail competitiveness. • Today a group from Town of Vail going to look at affordable housing projects in Frisco and Breckenridge. • No decisions have been made about the Vail Golf Clubhouse. Getting some additional financial information. o Hospital development and master plan in process. Adjournment — 10:04 Next Meeting: August 12, 8:00 a.m. Antlers Lodge, Caribou /Pronghorn Room 7/15/2014 TOWN OF VAIL REVENUE HIGHLIGHTS July 1, 2014 Sales Tax Upon receipt of all sales tax returns, May collections are estimated to be $597,904 up 6.1 % from last year and up 0.9% compared to budget. Year to date collections of $12,586,067 are up 7.6% from the prior year and up 5.4% from budget. Inflation as measured by the consumer price index was up 2.1 % for May. The annual budget totals $22.0 million. Real Estate Transfer Tax (RETT) RETT collections through June 24 total $3,166,402 up 42.0% from this time last year. The significant increase is mainly due to the purchase of residential properties. So far this year there have been 5 properties sold for over $10 million, 11 properties sold between $5 and $10 million and 18 properties sold between $2.5 and $5 million. These properties account for $1.9 million, or 59% of the total collections year to date. The annual RETT budget currently totals $3.9 million. Construction Use Tax Use Tax collections total $701,402 year -to -date compared to an annual budget of $1.0 million. Construction Use Tax is up 22.0% from collections this time last year. 7/15/2014 Vail Economic Advisory Council Ideas to Enhance Economic Vitality 8- Jul -14 ((!I! rowN of va Economic Development Office Short Term Responsible VEAL Parties Next Steps Timing Notes Hiking Center with Experts Mia Vlaar, Laurie Mullen, Brian Nolan Schedule meeting Summer 2014 Walking Mountains Center asset, need more awareness Andy Daly volunteered to discuss permitting USFS meeting re: restrictions and signage restrictions Had a meeting Spring 2013 Ongoing What is the current status? Reassigned to Greg Moffett and Stan Zemler. Vail Reosrts is handling this and there is better signage now. The designation of More hiking signs on paths Kristin Williams, Greg Moffet, Laurie Mullen Meet with Vail Mountain Ongoing hiking vs. biking signage is a priority for VR. Kristen is working on this project, communications project, understanding more indepth what the issues are. There will be an education program on how to caretake the Gore. "Love Vail' campaign could be extneded to other natural First Quarter 2014 & resources. Currently there is no air pollution issue in the Valley. Pesticides are Protect our natural resources Kim Newbury, Michael Kurz Begin with Gore Creek effort Ongoing still being used, education needed regarding the chemicals. Ongoing project. They are now open longer, seasons open earlier and last longer. The gondola Mtn activities open longer Kristin Williams, Mia Vlaar, Brian Nolan Meet with Vail Mountain Ongoing starts earlier in the AM. More weekday service and Thursday nights are open. Need to make a concerted effort to get to businesses to stay open. Provide a Businesses open longer Rayla Kundolf,Bob Boselli and Chris Romer Education effort Fall 2014 flyer to businesses to educate listing groups coming. Concerted efforts at streamlining processes and offering incentives are ongoing Rob LeVine, Greg Moffet - streamline at Community Development. International Building Code impacts processes. Ease of remodel for businesses processes Education effort Ongoing Should be an item on a future agenda. Kristin Williams, Brian Nolan, County Resurrect triangle bus service Commissioners, Beaver Creek rep Schedule meeting Done Done - implemented. Things happening outside the VEAC. Discussed at the VLMDAC, Peak Wellness, Wellbeing initiatives Chris Romer, Matt Ivy, Robin Litt Joint meetings with VLMDAC Ongoing Medical Groups, Vail Vitality Center, etc. Beginning the launch of the campaign Love Vail. Ongoing education with TOV & Recycling program in Core Matt Morgan and Mark Gordon Education effort Summer 2014 & Ongc Walking Mountains assisted by Vermilion agency More group business Chris Romer, Mike Ortiz, Mia Vlaar Continuing effort Ongoing Continued focus for VLMDAC and VVP. Efforts proving successful Continued dialogue between CSE, VLMDAC and VEAC. Good information from Events - focused and better Rayla Kundolf, Brian Nolan, Michael Kurz CSE joint meetings Ongoing recent research and surveys. Viability of Cascade theater space lRayla Kundolf, Rob LeVine iStatus Update ITBD 7/15/2014 VEACIdeas070814 DRAFT.xlsx Long Term Responsible VEAC Parties Next Steps Timing Notes Support Epic Discovery Kristin Williams, Laurie Mullen Letters to USFS 12/12 & 4/14 Ongoing Monitor progress Learning Center for 300 people Rob Levine, Paul Wible, Chris Romer Further Study Needed Status update Need status update Community Recycling Matt Morgan and Mark Gordon lImplemented ISpring 2014 Beginning the launch of the campaign Love Vail. Ongoing education with TOV & Walking Mountains assisted by Vermilion agency Ongoing Responsible VEAC Parties Next Steps Timing Notes Stay the Course Discourage "off season" YES attitude Not Viable Responsible VEAC Parties Next Steps Timing Notes Economic Stimulus for businesses Sell Vail brand /sponsorships Housing requirement changes Casino and hotel at LHPS TR as orthopedic campus site 7/15/2014 VEACldeas070814 DRAFT.xlsx wdq-lki gn imounta,insTM a science learning center explore your curious nature 7/15/2014 Mission: To awaken a sense of wonder and inspire environmental stewardship and sustainability through natural science education. 7/15/2014 t.. f. Tang Campus & Precourt Mountain Discovery Center 7/15/2014 r.. L µ a3L �l ME ..Y < �✓ Tang Campus & Precourt Mountain Discovery Center 7/15/2014 Nature Discovery Center on Vail Mountain 7/15/2014 Vail Nature Center at Ford Park •�;: 9, •;.�; 7/15/2014 Program Types &Numbers Youth Programs = 4,00o people Community Programs = 35,000 people Sustainability &Stewardship = 6,000 people 7/15/2014 Programs in Vail • Vail Nature Center - Hiking Center • Farmers' Markets - Creekside Nature Tours • Zero Hero - Farmers' Markets &Taste of Vail • Discovery Center on Vail Mountain -Tours • Actively Green2015 - Sustainable Destination 7/15/2014 1 9 2015 Sust wq Ap 2 6a'4.1 5 activelygreen ale Destination Program 1) Leverage 2015 Ski Championships as catalyst for sustainability leadership 2) Scale sustainability work of local businesses and monitor sustainability at the destination level 3) Establish Vail Valley as a global leader in sustainable destinations 7/15/2014 2 0§15 activelygreen T 1) Leverage 2015 Ski Championships as catalyst for sustainability leadership 2) Scale sustainability work of local businesses and monitor sustainability at the destination level 3) Establish Vail Valley as a global leader in sustainable destinations 7/15/2014 2 0§15 activelygreen lw. a -ew- /� . k Wkli . . � < / . t � 7/15/2014 � ���■ I 4p ell 2 .< 0 §■ .. Oct rlgreen 0 �Y It ' -a Conde Nast: 93% say travel companies should be environmentally responsible Ni -, 0 � Travel Zoo: 90% say said they prefer a "green" hotel Trip Advisor: 71 %say they plan eco- friendly travel in the next 12 months 2 a u f 5 0 a L: f ivelygree n 7/15/2014 10 I Create a Legacy Sustainability Program Train & Certify Businesses & Organizations -=� Establish Baseline Metrics and Culture Ak,iL H Go for Certified Sustainable Destination y {� SUSTAINABLE TRAVEL INTERNATIONAL ` walking mountains Leave the world a better places science center 11 C VAIL- BEAVER CREEK • 200%15 7T'1 -5'12014 A.d E TOWN OF VA I t Truxn in En9lneering , ctVelren 1W `�• fib* �� R1 Save Money Engage Employees Environmental Stewardship *'Marketing Power ^: Economic Development -Be a Leader 7/15/2014 2 VA activelygreen Enhancing Vail's Economic Vitality • Meet Guest Expectations • Improve Services &Brand Behavior • New Groups -Align with CSR • Engage Younger Demographic • Build Relationships with Businesses • "Wilderness Luxury" Experiences • Be a Leader! 7/15/2014 Questions? Opportunities? Strategies? Contact: Kim Langmaid kiml walkngmountains. ors 970 -827 -9725 ext. iii 7/15/2014 �i lie ter.- I i — FEB 2-15,2015 — Economic Advisory Council Presentation : al VAIL• BEAVER CREEK &1W I a Audi =0. Vorsprung durch Technik Dream It. Lure It. Share It.,- ♦ -do.— N If 1 a �- Ip�1 WHY International Ski Racing? ...._.._ < -,<. •History/ Legacy � • It's in our DNA • International Ski Racing in Vail — 1965 First attempt (1985) to today 7/15/2014 92 AQA c VAIL- HEAVER CREEK WHY 2015? r %fPf. • Worldwide exposure • International relationship • Brand the resort 5/2014 92 AQ�A c VAIL•BEAVER CREEK -... WHY 2015? WHAT are the World Championships? OLYMPICS Every 4 years 10 medal Alpine 70+ countries PAT161 Oki I ' Annual international series 25 -30 nations compete 24 resorts host around the world 1 -2 sites in the US WORLD CHAMPIONSHIPS Every 2 years 11 medal events 70+ countries 7/15/2014 4 times in North America 92 Agi�q r VAIL• BEAVER CREEK & !' 1 NJ SOCHI 2014 a 1l "7 C VAIL- BERVER CREEK IV WHAT are our goals? • Host to the world • Grow the sport • Exciting competition and celebratory festival atmosphere • Innovation & technology • Colorado, Vail & Beaver Creek on a world stage • Friendly, accessible • Inspiring next generation of skiers /racers W Y r, K' �t 7/15/2014 h ILI�. IR� 92 A&A- I C VAIL-,BEAVER CREEL( 1V HOW are we spreading the word? EMA Kx; � Ad Plan Public Relations Content & Communication Digital Activation Strategic Partnerships Key publications 711wft 11 - 7_71", , 95 - '�AOT111 Ide- I 92 A61A C ASK M Ne G F�Olzrs rwi -1 IWO Nesy C Aft Chajgft 111-201c fnBeavQrCrftk M k I�k aA C VAIL- BEAVER CREEK L MW IV BY the numbers 1 • 700 athletes from more than 70 nations • 1,500 members of the media • Broadcast to more than 75 countries • Nearly 850 million viewers • $58 million costs • 2,500 volunteers • Economic impact $120 million ++ • On site spectators: 15,000 /race 7/15/2014 k 1�k a01111 C VAIL- HEAVER CREEK L MW 1%I DURING the championships 13 1,11,1 • February 2 -15, 2015 • Race (Red Tail Stadium) • 5 races, men's and ladies' • Opening and closing ceremonies, awards, bib draws • Ancillary entertainment: • ticketed concerts, artistic performances, folks, art exhibits culinary events 7/15/2014 92 C VAIL-BEAVER CREEK THE American experience 7/15/2014 a -API 4 r 92 AAA C VAIL• HEAVER CREEK THE Vail /Beaver Creek Experience • Races are free • Less than 5% of ski terrain impacted • Intimate access to the action • World-renowned race courses • Race central: Beaver Creek • Nightlife: Vail. 7/15/2014 i r# -A 92 Aakil C VAIL• HEAVER CREEK Who are our p artners ?� Town of Vail (TOV) State of Colorado International Ski Federation European Broadcast Union US Ski Team (USSA) Vail Resorts (VRI) Beaver Creek Metro District (BCMD) Eagle County Town of Avon Town of Eagle Town of Gypsum Town of Minturn Merchants Association � Lodging Community 7/15/2014 VQ1L_IR'CRy r 4V QUESTIONS? Thank you Duncan Horner Vail Valley Foundation VP of Marketing 970-777-2015 dhorner(a-)-vvf.org Kate Peters Vail Valley Foundation Sr. Marketing & PR Manager 970-777-2015 kneters nnvvf nm X16 A14 7/15/2014 EAD VAO 0 AL C VAIL• BEAVER CREEK &m lftrw I %J DestiMetrics LLC TOW 0 F VA I Resort Intelligence. Town of Vail Economic Indicators Summary: July 2014 Update (Based on data as of April 30, 2014) INTRODUCTION: This Summary report of Vail Economic Indicators is based on April 30, 2014 data and is updated in July of 2014 as winter (November - April) data have become available. It is intended to provide an overview of recent economic activity and to serve as a benchmark from which future economic activity can be displayed and compared. These seasonal reports began in early 2009 when relevant data was gathered from various secondary sources for the date range of November 2004 through April 2009 and is now updated seasonally. The data is depicted by general category (Tourism, Real Estate, Town Revenue, Business Growth and Macroeconomics) and seasonally (Winter: November - April, Summer: May - October). It is presented in chart format with this brief summary as a part of the Town of Vail 2014 Economic Development Strategic Plan and is limited in scope and accuracy by the availability of data from secondary sources. It is believed to be accurate but not independently verified and is best used as a general overview as a result. OVERVIEW: This narrative overview is supported by a more granular chart (attached). Most statistical comparisons are based on year- over -year comparisons as of April 30, 2014, vs. April 30, 2013, and reflect a winter seasonal view unless otherwise indicated: 1. Tourism: The 2013/14 winter season brought increases in almost all tourism indicators and represented a more "normal" snowfall, similar to the 2012/13 season. As a result, when comparing season over season, there are less anomalies caused by weather and lack of snow than seen in past years. During the 2013/14 winter season, Vail saw an increase in occupancy ( +4.5 %) and a larger increase in the average daily rate ( +6.7 %) resulting in a significant increase in revenue per available room ( +12.0 %). This increase in average daily rate (to $443) exceeds last season, which had surpassed the 2007/08 pre- recession's average daily rate ($409) and is at the highest since this measurement system was established. Occupancy is still consistently increasing but remains below the pre- recession high (60.3 %). When compared to other U.S. western mountain resorts based on overall DestiMetrics industry data, Vail just slightly under - performed the industry in occupancy, where the industry increased to a slightly larger degree ( +4.7 %). Vail over - performed in rate compared to the industry, which also increased but to a lesser degree ( +5.8 %). The industry occupancy and rate increases resulted a year over year percentage change in industry revenue per available room of ( +10.8 %), a lesser increase than in Vail. Other metrics to note are Tunnel Traffic, which increased ( +4.5 %) from last year and deplanements at Eagle County Regional Airport, which to decreased (- 5.5 %), a trend that has continued for the past three years due to declining flights and capacity. A variety of special events took place during the winter months, with total attendance and participation at these events increasing ( +13.5 %), led by the growth of the Burton US Open Snowboarding Championships and offset the loss of attendees from the discontinuation of the Winter Mountain Games. 2. Real Estate Indicators: Converse to last year's indicators, which showed a significant increase in number of transactions ( +17.0 %) and a slight increase in gross sales ( +2.3 %), the 2013/14 season reflects a significant increase in gross sales ( +21.9 %) but a decrease in number of transactions (- 18.2 %). This resulted in an increase in average price per square foot ( +11.4 %) and average ratio of list price to sales price ( +2.9 %) reflecting a return of demand for higher priced homes. No newly constructed dwelling, hotel /accommodation or fractional fee units were completed in 2013, which will decrease the volatility of the of the real estate metrics in the future. 3. Town Revenue Metrics 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. a. Sales tax is segmented by business type (retail, lodging and food /beverage) and further broken down geographically by Vail neighborhoods. Excluding Out of Town collections, all segments combined showed a strong increase in overall winter sales tax revenue ( +8.7 %) following the previous winter season's sales tax revenue, which had increased ( +5.8 %). Specifically, lodging ( +11.4 %) and retail sales tax collections ( +8.0 %) each saw a higher year over year increase than food and beverage ( +6.8 %). When segmented by neighborhood, Lionshead experienced slightly larger increases overall ( +10.1 %) compared to Vail Village ( +9.8 %) and Cascade /Sandstone /East & West Vail ( +8.0 %). A study conducted by DestiMetrics shows that the average of taxable sales at comparable ski towns was also up season - over - season although with slightly smaller increases in both lodging sales ( +10.0 %) and total taxable sales ( +6.6 %) with data as of the end of March. b. Other Tax Collections by the Town of Vail include construction use tax, property tax and real estate transfer tax and are reported on a calendar -year basis. As a result, these taxes do not correlate with the seasonal indicators above. Construction use tax showed a slight increase in 2013 from 2012 ( +11.4 %), following a year of a significant increase ( +68.4 %) and is showing more stability post- recession. Real estate transfer tax collections, decreased in 2013 from 2012 (- 13.3 %). Over the past several years property tax has been impacted positively by new lodging product, however for the first time in recent 7/15/2014 Attachment: Vail Economic Indicators Table DestiMetrics'LLC TOWN OF VA I L Resort Intelligence. history, property taxes collected in 2012 decreased (- 14.6 %) from the previous year, possibly due to the leveling off of new properties being built and the decrease in property values due to the "Great Recession." In 2013, property taxes increased ( +1.7 %) from 2012. Stabilization in all aspects of these tax collections are being observed and are now being affected by conventional economic factors. c. Town Reserves as measured by General Fund Balances remain healthy at $16.4 million or 50% of General Fund revenue after reflecting an $8 million contribution to Timber Ridge Affordable Housing Corporation to pay off debt on half of the property. 4. BUSINESS GROWTH is based on broader county and national indicators, many of which are tracked on an annual basis, lag significantly and have just been updated for the 2013 calendar year. While not as current and telling of the current market conditions, the Business Growth indicators show a steadying economy as evidenced by unemployment in Eagle County, which experienced a significant decrease, from 7.8% to 6.8 %. 5. MACROECONOMICS: Five years after the first signs of 'recovery', most analysts have stopped hedging their bets and agree that financial strength is returning to the U.S. economy in a meaningful way. Those indicators most reflective of our consumer - centricity— job creation and consumer confidence — are now consistently acting of their own accord and building momentum, having shed much of the reactionary behavior they've demonstrated since 2008. Meanwhile, financial marketplaces (Wall Street et al) have been on an historic roll since January of 2013 and continue to set all -time records. The real bottom -line indicator, however, will always be GDP growth. To break it down: (1) Consumer Confidence is now at its highest level since January, 2009 and been above 80 points for 7 of the last 12 months and for each of the past 5 consecutive months. At 85.2 points, it is now very close to the 90 point mark, where economists consider the marketplace to be driven by consumers, rather than suppliers. (2) Unemployment continues to decline and reached 6.1% in June, the lowest since September 2008, prior to the failure of Lehman Bros. Employers have added an average of 203,000 jobs per month over the last year, and 221,000 jobs over the past six months, recovering all jobs lost during the recession and building self - sustaining momentum. However, workforce participation remains at its lowest level since 1978 (62.1 %) and will need to improve sharply. (3) Wall Street spent most of 2013 being reflective of big business investment rather than the overall economy; however that is now shifting as main street investors begin to move back into stocks and bonds and the 401 k marketplace. Markets are also showing self- confidence as the Federal Reserve tapering of its investment in the economy has not significantly changed market behavior. On the cautionary side, markets are now 19 months overdue for a major correction of 10% or greater, though most analysts agree that it would signify a return to healthy and level- headed investment and that consumers and employers would both weather such a correction. (4) GDP, as was widely reported recently, declined a very sharp -2.9% in the first quarter of 2014. Though significant by itself, when contextualized the Q1 declined had little to do with declining economic strength and a great deal to do with Mother Nature, as record - setting winter weather halted major economic output across much of the country for long periods of time. Though the 2014 annual projected GDP is now downgraded somewhat due to Q1, the Q2 — Q4 GDP is expected to gain anywhere from 2.1%-3.5%. Overall, the economy is earning its keep, given the magnitude of the task at hand, and suppliers throughout the consumer side of the equation should be more confident in the momentum shift towards a consumer - driven marketplace. This foundational data set and summary will be further updated and expanded upon twice annually, taking its place among the tools available to better inform the Town staff, its various committees and the public it serves. Ralf Garrison Director and Senior Analyst DestiMetrics LLC 7/15/2014 Attachment: Vail Economic Indicators Table Data provided were collected by the TOV and DestiMetrics in Jan. 2009 and updated in July 2014 from a variety of secondary sources, which are thought to be accurate, but not independently verified and best used as a general overview as a result. Vail Economic Indicators: Tourism (2004 -2014) Indicator Source Focus Study Report Date ('05- Winter (November '06 - April '07) Report Date ('06- Annual (January'08 - December'08) Report Date ('07- Annual (January'09 - December'09) Report Date ('08- Annual (3anuary'10 - December'10) Report Date ('09- Annual (January'll - December'11) Report Date ('10- Annual (January'12 - December'12) Report Date ('11- Annual (3anuary'13 - December'13) Report Date ('12- Annual (3anuary'13 - December'13) Report Date ('13- Summer (May'06 - Summer (May'07 - April '06) '06) Data ('OS '06) .07) Data ('06 -'07) .OS) Data ('07 -'08) .09) Data ('08 -'09) .10) Data ('09 -'10) '11) Data ('10 -11) .12) Data ('11 -12) .13) Data ('12 -13) '14) Data ('13 -14) Lodging Report: DestiMetrics: Average number of Winter (November'05 - Vail Recreation Winter (November Summer (May'06 - Winter (November Summer (May'07 - Winter (November Summer (May'08 - Winter (November Summer (May'09 - Winter (November Summer (May'10 - Winter (November Summer (May'll - Winter (November Summer (May'12 - Winter (November Summer (May'13 - Occupancy Booking patterns at rooms occupied April '06) 59.6% '06 - April '07) 60.3% '07 - April '08) 58.6% '08 - April '09) 52.1% '09 - April'10) 54.7% '10 - April'11) 55.2% '11 - April'12) 54.5% '12- April'13) 54.9% '13 - April'14) 57.5% 24,000 18 Vail lodging (2247 out of 3598) Summer (May'06 - October'07) Summer (May'07 - October'08) Summer (May'08 - October'09) Summer (May'09 - October'10) Summer (May'10 - October'11) Summer (May'll - October'12) Summer (May'12 - October'13) Summer (May'13 - October'14) Summer (May'14 - TOV Transportation properties Winter (November'05 - October'06) 38.4% October'07) 39.4% October'08) 38.0% October'09) 33.S% October'10) 35.1% October'11) 38.5% October'12) 40.1% October'13) 41.5% October'14) Not Available inLionshead April '06) 176,716 '06 - April '07) 174,085 '07 - April '08) 184,505 '08 - April '09) 182,028 '09 - April '10) 187,045 '10 - April '11) 179,971 '11 - April'12) 167,682 '12 - April '13) 173,777 '13 - April'14) 173,967 Lodging Report: DestiMetrics: Average nighdy Winter (November'05 - Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Average Nightly Booking patterns at room rates April '06) $363 '06 - April '07) $376 '07 - April '08) $407 '08 - April '09) $384 '09 - April '10) $353 '10 - April'11) $374 '11 - April '12) $398 '12 - April '13) $415 '13 - April'14) $443 Room Rates 18 Vail lodging October'06) Not available October'07) Not available October'08) Not available October'09) 218,482 October'10) Parking Lot October'11) 463,139 October'12) Not available October'13) 153,566 October'14) Not Available properties Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May'14 - TOV Transportation Number of vehicles Winter (November'05 - October'06) $158 October'07) $155 October'08) $155 October'09) $146 October'10) $151 October'11) $163 October'12) $169 October'13) $173 October'14) Not Available Community Center Attendance Vail Recreation District Number of visitors to the Dobson Ice Arena Winter (November'05 - April '06) Not available Winter (November '06 - April '07) Not available Annual (January'08 - December'08) 80,000 (estimate) Annual (January'09 - December'09) 80,000 (estimate) Annual (3anuary'10 - December'10) 80,000 (estimate) Annual (January'll - December'11) 75,000 (estimate) Annual (January'12 - December'12) 85,000 (estimate) Annual (3anuary'13 - December'13) 85,000 (estimate) Annual (3anuary'13 - December'13) 43,646 Summer (May'06 - Summer (May'07 - April '06) 325,972 '06 - April '07) 342,417 October'06) Not available October'07) Not available '09 - April '10) 324,979 '10 - April'11) 343,896 '31- April'12) 319,223 '12 - April '13) 335,151 '13 - April '14) 344,978 Parking Structure Summer (May'06 - Vail Recreation Visitors to the Vail Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May'14 - Summer (May'06 - 5,585,158 District Golf Course October'06) 22,300 October'07) 24,600 October'08) 24,993 October'09) 23,414 October'10) 23,332 October'11) 21,963 October'12) 25,000 October'13) 24,000 October'14) Not Available Parking Counts TOV Transportation Number of vehicles Winter (November'05 - Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November in Vail Village April '06) 325,972 '06 - April '07) 342,417 '07 - April '08) 350,896 '08 - April '09) 288,307 '09 - April '10) 324,979 '10 - April'11) 343,896 '31- April'12) 319,223 '12 - April '13) 335,151 '13 - April '14) 344,978 Parking Structure Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May'14 - Summer (May'06 - 5,585,158 Summer (May'07 - 6,074,027 Summer (May'08 - 5,821,092 Summer (May'09 - 6,043,720 Summer (May'10 - 5,833,139 Summer (May'll - 5,554,275 Summer (May'12 - 5,598,788 Summer (May'13 - 5,609,828 Summer (May'14 - Not Available October'06) Not available October'07) Not available October'08) Not available October'09) 297,349 October'10) 312,603 October'11) 645,725 October'12) Not available October'13) 347,451 October'14) Not Available TOV Transportation Number of vehicles Winter (November'05 - Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November inLionshead April '06) 176,716 '06 - April '07) 174,085 '07 - April '08) 184,505 '08 - April '09) 182,028 '09 - April '10) 187,045 '10 - April '11) 179,971 '11 - April'12) 167,682 '12 - April '13) 173,777 '13 - April'14) 173,967 Parking Structure Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - 221,233* (VVMC Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May'14 - October'06) Not available October'07) Not available October'08) Not available October'09) 218,482 October'10) Parking Lot October'11) 463,139 October'12) Not available October'13) 153,566 October'14) Not Available Closed) TOV Transportation Number of vehicles Winter (November'05 - Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November on frontage roads April '06) 9,406 '06 - April '07) N/A '07 - April '08) 5,947 '08 - April '09) 7,836 '09 - April '10) 7,795 '10 - April'11) 1,675 '11 - April '12) 2,074 '12 - April'13) 4,401 '13 - April'14) 3,270 Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May'14 - October'06) JULY 4TH October'07) JULY 4TH October'08) JULY 4TH October'09) JULY 4TH October'10) 4'853 October'11) 3'072 October'12) Not available October'13) 2'294 October'14) Not Available TOV Transportation Number of days Winter (November'05 - Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Parking structures April '06) 45 /VV 27/1-H '06 - April '07) 66 /VV 31 /LH '07 - April '08) 58 /VV 25 /LH '08 - April '09) 50 /VV 25/1-H '09 - April '10) 40 /VV 20 /1-H '10 - April'11) 7 /VV 7 /LH '11 - April '12) 8 /VV 7 /LH '12 - April '13) 10 '13 - April'14) 7 full Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May'14 - October'06) 3ULY4TH October'07) 3ULY4TH October'08) JULY 4TH October'09) JULY 4TH October'30) 21 /VV14 /LH October'11) 15 /VV 9 /LH October'12) Not available October'13) 14 /VV 6 /11-H October'14) Not Available Airport Statistics DIA Number of people Winter (November'05 - Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November into Denver April '06) 10,894,042 '06 - April '07) 11,359,350 '07 - April '08) 12,005,377 '08 - April '09) 11,612,990 '09 - April '10) 11,848,627 '10 - April'11) 12,421,502 '11- April '12) 12,618,182 '12 - April '13) 12,337,722 '13 - April'14) 11,140,387 International Airport Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May'14 - October'06) 12,639,845 October'07) 13,237,818 October'08) 13,600,079 October'09) 13,517,792 October'10) 13,974,281 October'11) 14,117,198 October'12) 14,213,370 October'13) 13,895,694 October'14) Not Available Eagle County Airport Number of people Winter (November'05 - Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November into Eagle County April '06) 180,086 '06 - April '07) 179,620 '07 - April '08) 181,602 '08 - April'09) 173,333 '09 - April '10) 166,409 '10 - April'11) 161,847 '11- April'12) 147,121 '12 - April'13) 138,583 '13 - April '14) 131,323 Airport Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May'14 - October'06) 37,750 October'07) 48,043 October'08) 37,300 October'09) (airport was October'10) 37,760 October'11) 32,418 October'12) 26,626 October'13) 29,162 October'14) Not Available close closed May -Aug.) Vail Information Center Visits Communication Department Number of visits to the Vail Village Winter (November'05 - Not available Winter (November 20,004 Winter (November 18,051 Winter (November 20,949 Winter (November 17,483 Winter (November 16,323 Winter (November 17,757 Winter (November 22,635 Winter (November 16,818 Information Center Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May'14 - October'06) 25,032 October .07) 22,658 October'08) 26'098 October'09) 24'774 October'10) 24'168 October'11) 26,132 October'12) 26'142 October'13) 19,640 October'14) Not Available Communication Department Number of visits to the Lionshead Winter (November'05 - Not available Winter (November 14,319 Winter (November 12,575 Winter (November 11,576 Winter (November 10,616 Winter (November 6,972 Winter (November 8,689 Winter (November 29,225 Winter (November 13,582 Information Center Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May'14 - October'06) 31,103 October'07) 25,340 October'08) 19,319 October'09) 18,000 October'10) 17,237 October'11) 18,307 October'12) 27,883 October'13) 16,512 October'14) Not Available Tunnel Traffic CDOT Number of vehicles Winter (November'05 - Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November Winter (November thru the Eisenhower April '06) 5,406,952 '06 - April '07) 5'694'884 '07 - April '08) 5,709,007 '08 - April '09) 5,730,889 '09 - April '10) 5,690,262 '10 - April '11) 5,236,367 '11- April '12) 5,160,226 '12 - April'13) 5,211,592 '13 - April'14) 5,458,044 Tunnel/Vail Pass Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May'14 - October'06) 5,585,158 October'07) 6,074,027 October'08) 5,821,092 October'09) 6,043,720 October'10) 5,833,139 October'11) 5,554,275 October'12) 5,598,788 October'13) 5,609,828 October'14) Not Available Vail Economic Indicators: Tourism Page 1 of 6 Last Modified: 7/7/2014 Data provided were collected by the TOV and DestiMetrics in Jan. 2009 and updated in July 2014 from a variety of secondary sources, which are thought to be accurate, but not independently verified and best used as a general overview as a result. Vail Economic Indicators: Tourism (2004 -2014) Indicator Source Focus Study Report Date ('05- Winter (November Report Date ('06- Winter (November Report Date ('07- Winter (November Report Date ('08- Winter (November Report Date ('09- Winter (November Report Date ('10- Winter (November Report Date ('11- Winter (November Report Date ('12- Winter (November Report Date ('13- Administration gasoline per gallon April '06) '06) Data ('OS '06) .07) Data ('06 -'07) .08) Data ('07 -'08) .09) Data ('08- -'09) .10) Data ('09 -'10) .11) Data ('10 -'11) .12) Data ('11 -12) .13) Data ('12 -13) .14) Data ('13 -14) Holiday Timing Calendar Easter: Date Sunday April 16, 2006 Sunday April 8, 2007 Sunday March 23, 2008 Sunday April 12, 2009 Sunday April 4, 2010 Sunday April 24, 2011 Sunday April 8, 2012 Sunday March 31, 2013 Sunday April 20, 2014 Club Vail (USD) ave of weekly 4th of July: Day of July 4, 2006 Summer (May'07 - July 4, 2007 Summer (May'08 - July 4, 2008 Summer (May'09 - July 4, 2009 Summer (May'10 - July 4, 2010 Summer (May'll - July 4, 2011 Summer (May'12 - July 4, 2012 Summer (May'13 - July 4, 2013 Summer (May'14 - July 4, 2014 the week $2.77 Tuesday $3.00 Wednesday $3.69 Friday $2.44 Saturday $2.76 Sunday $3.56 Monday $3.52 Wednesday $3.56 Thursday Not Available Friday Vail Symposium averages Christmas: Day of December 25, 2006 2007 December 25, 2006 2008 December 25, 2007 2009 December 25, 2008 2010 December 25, 2009 2011 December 25, 2010 December 29, 2011- December 25, 2011 December 5, 2012- December 25, 2012 Winter (January 10- December 25, 2013 Winter the week Monday Tuesday occur Wednesday Thursday Friday Saturday Sunday Tuesday Wednesday Fuel Prices Energy Information Average price of Winter (November'05 - Event did not occur Winter (November Event did not occur Winter (November Event did not occur Winter (November Event did not occur Winter (November Event did not occur Winter (November Event did not occur Winter (November Event did not occur Winter (November Event did not occur Winter (November 1,500 Administration gasoline per gallon April '06) $2.33 '06 - April '07) $2.33 '07 - April '08) $3.03 '08 - April '09) $1.83 '09- April '10 $2.85 '10 - April '11) $3.12 'll- April '12) $3.35 '11- April '12) $3.33 '13 - April '14) $3.31 Ski and Snowboard in Colorado - Event did not 110 Men, 83 Winter (February 20- 121 Men, Club Vail (USD) ave of weekly Summer -(May-06 - Event did not occur Summer (May'07 - Event did not occur Summer (May'08 - occur Summer (May'09 - Event did not occur Summer (May'10 - Event did not occur Summer (May'll - Event did not occur Summer (May'12 - Event did not occur Summer (May'13 - Ladies, 85 Coaches Summer (May'14 - 83 Women, October'06) $2.77 October ,07) $3.00 October'08) $3.69 October'09) $2.44 October'10 $2.76 October'll $3.56 October'12 $3.52 Odober'13) $3.56 Odober'14) Not Available Vail Symposium averages 2006 Event did not occur 2007 Event did not occur 2008 Event did not 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur December 29, 2011- 1,513 December 5, 2012- 1,250 Winter (January 10- 1,241 Event Attendance Big Beers Festival Big Beers Festival 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur Event did not occur Event did not occur Winter (January 9- 11 1,500 278 Total 25 Tota Ski and Snowboard Event did not 110 Men, 83 Winter (February 20- 121 Men, Club Vail NORAM Cup 2006 Event did not occur 2007 Event did not occur 2008 occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur Jan. 31 -Feb 5, 2013 Ladies, 85 Coaches 23) 83 Women, + Officials 52 Coaches + Vail Symposium Vail Symposium 2006 Event did not occur 2007 Event did not occur 2008 Event did not 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur December 29, 2011- 1,513 December 5, 2012- 1,250 Winter (January 10- 1,241 Winter occur April 22 2012 March 19 2013 Aril 3 ) Vail Valley The Session/Teva Teva Winter Games: Teva Winter Games: Foundation Winter Games January 12 -15, 2006 14,750 January 11 -14, 2007 15,000 February 7 -10, 2008 17,000 Event did not occur Event did not occur Event did not occur Event did not occur Event did not occur Event did not occur Year 1 10,000 Year 2 Feb. 8 -50, 17,319 Event did not occur Event did not occur Ski and Snowboard Junior Olympics: 7 165 Athletes Event was held in 175 Athletes 175 athletes 2013 event in BC Club Vail days /1st Week in March each Year 2006: Vail + BC w/ parents + coaches 265 total 2007 Aspen 2008 w/ parents + coaches 280 total March 5 - 11, 2009 160 athletes March 3 -11, 2010 170 athletes 2011 Event did not occur Mar 3 -10, 2012 500 total due to Burton N/A Event did not occur Event did not occur Burton US Open Highline Sports & Burton US Open Event did not 1st year: Feb 27- Snowboarding Entertainment Snowboarding 2006 Event did not occur 2007 Event did not occur 2208 occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur March 2 91,000 Championships 2nd 121,805 Championships Vail Valley Medical PINK Vail 2006 Event did not occur 2007 Event did not occur 2208 Event did not 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur 3/9/2013 1319 4/5/2014 1,625 Center occur 352K raised 465K raised March 29- April 1, 5,071* RRC Winter (March 27- Vail Film Institute Vail Film Festival March 30- April 2, 2006 12,000 2007 14,000 April 3 -6, 2008 12,500 April 2 -5, 2009 12,000 April 1-4,2010 14,000 Mar 31- Apr 3, 2011 14,000 Mar 29 -Apr 1, 2012 (14,000 *from March 28 -31, 2013 12,000 30) 10,000 Taste of Vail Taste of Vail April 5 -8, 2006 4,000 April 11 -14, 2007 7,000 March 29- April 1, 7,000 April 1 - 4, 2009 6,000 April 8 -10, 2010 6,600 April 7, 2011 5,000 Apr 5, 2012: Lamb 8,000 April 3 -6, 2013 10,731 Winter (April 2 -5) 10,000 2008 Cook -off Highline Sports & Spring Back to Vail April 3 -16, 2006 24,000 April 2 -15, 2007 26,000 April 7 -13, 2008 30,000 April 13 -19, 2009 30,000+ April 12- 18, 2010 40,000 Apr 16 -24, 2011 70,000 (2 Apr 9 - 15, 2012 30,000 April 8 -14, 2013 40,000 Winter (April 11 -13, 54,637 Entertainment weekends Aril 20 Highline Feast! 2006 Event did not occur 2007 Event did not occur 2208 Event did not 2009 Event did not Occur 2010 Event did not Occur 2011 Event did not occur 2012 Event did not OCCUr May 24 -27, 2013 950 May 23 -26, 2014 Not Available occur (inaugural ear Teva Mountain Vail Valley Games (GoPro Mtn May 31- June 4, 2006 28,000 May 30- June 3, 30,000 June 4 -8, 2008 35,000 June 4 -7, 2009 40,000 -VVF is now June 3 -6, 2010 35,037 June 2 -5, 2011 46,897 May 31 -June 3, 2012 43,889 June 6 -9, 2013 53,579 GoPro Mtn Games 58,000 Foundation Games beginning 2Q13) 2007 promoter 1 560 participants + 622 participants + 650 participants + 764 participants King of the Mountain King of the June 16 -18, 2006 2.5 estimated June 15 -17, 2007 2.5 estimated June 13 -15, 2008 2.5 estimated June 19 -21, 2009 +2.5 entourage June 18 -20, 2010 828 participants June 17 -19, 2011 984 participants June 15 -17, 2012 1,110 participants June 14 -16 3,000 Summer Not Available Mountain Volleyball entourage per Waver entourage per Waver entourage per Waver per player (6,860* total) (June 13 -16) Vail Valley 10 Tuesdays: June 13- 9 Tuesdays: June 19 9 Tuesdays: June 16- 9 Tuesday: June 16 - Tuesdays, Jun 15- 9 Tuesdays, 9 Tuesdays, June 9 Tuesdays, Jun 18 - Summer Foundation Hot Summer Nights August 29 33,063 August 21, 2007 32,625 August 19, 2008 28.668 Aug 18 36,629 Aug 24 31,865 Zuii 14- Aug 30, 33,683 12- Aug 21, 2012 32,716 Aug 27 30,505 (June 17- August 2) Not Available Meadow Drive Vail Farmers' June 18- September June 16- September June 22- September June 21 -Sept 20, June 20- Sep 19, June 19 -Sept 25, June 17- Sept 30 (16 17 Sundays, June 16- Summer Partnership Market 17, 2006 (14 Markets) 100,000 7 (14 120,000 21,r12008 (14 130,000 2009 (14 markets) 140,000 2010 140,000 2011 (15 markets) 168,000 Markets) 140,000 Oct 6 205,742 (June 15- October 5) Not Available Markets) Colorado Lacrosse Vail Lacrosse June 24- July 4, 2006 102 teams June 27- July 4„ 100 teams June 28- July 6, 104 teams June 26 - July 5, 95 Teams June 26- Jul 4, 2010 103 Teams 17,500 June 25- July 3, 107 Teams 18,500 June 30 -July 8, 2012 99 Teams 23,617 June 29 -July 7 13,543 Summer Not Available Promotions Shootout 16,000 total 2007 17,116 total 2008 18,819 total 2009 16,000 total total 2011 June 29 -Jul 6 Wednesday, July 4, Saturday, July 4, Wed. July 4, 2012 42,000 (63 Summer Eagle Valley Events America Days Tuesday, July 4, 2006 30,000 2007 35,000 Friday, July 4, 2008 35,000 2009 40,000 Sunday, July 4, 2010 35,500 Monday, July 4, 2011 42,000 Human Movement Manaaement parade entries) Highline: July 4 -6 55,000 (July 4) Not Available 19 performances: 20 performances: Ticketed: 45,492 Summer 2013: Bravo! Bravo! (GRFA 19 performances: June 36,727 June 27 -July 27, 32,649 June 25 -July 25, 34,868 19 Performances: 34,530 June 25- Aug 3, 41,469 20 Performances: 41,385 June 25 -Aug 4, 2012 Non - Ticketed: Ticketed @ GRFA: Total: 60,982 Summer 2014 Not Available performances only) 28 -July 28, 2006 2007 2008 July 1 -Aug 4, 2009 2010 June 25 -Aug 3, 2011 13,205 Total, S8.697 42,762 Vail International 8 performances: 8 Performances Vail Valley Dance Festival 7 performances: July30 11,654 July 29- August 12, 12,249 7 performances: July 11,698 (GRFA): July 27 - 17,500 July 26- Aug 10, 20,609 9 Performances: 16,968 SO Performances: 18,419* 9 Performances: 18,700 Summer 27- Not Available Foundation GRFA (GRFA August 13, 2006 27- August 9, 2008 g 2010 Jul 26 -Au 14, 2011 y g Jul 24 -Au 11, 2012 y g Jul 28 -Au 9 y g )(July August 9 g ) MLtQjManCV, only) 2007 Aug 10, 2009 Cumulative Commission on Attendance at Summer 2006 50 performances Summer 2007 47 performances Summer 2008 43 performances Summer 2009 44 performances 2010 48 performances Summer 48 performances 2012 49 performances 40 performances 2014 Special Events GRFA 91,752 $6,332 83,762 91,013 Summer 98,444 2011 101,549 Summer 99,646 Summer 2013 91,481 Summer Not Available Performances: All Blue Creek LH Saturday Summer 2008: (1st July 3 - Aug 14, 2009 6 Saturdays, July 10- 6 Saturdays, July 9- June 16 -Aug 11, 9 Saturdays: June 9- Summer Productions Afternoon Club 2006 Not implemented 2007 Not implemented year: 5 Fridays) 2,500 (7 Fridays: Blue 3,500 Aug 14, 2010 2'975 Aug 13, 2011 3,425 2012 (9 4,320 * Aug 10 4'955 (June 14- August 9) Not Available Team 351 teams 309 teams 300 teams 300 teams 8100 17,400 (290 17,700 23,895 Championships Intl Kick -It 3v3 Soccer August 4 -6, 2006 7371 including spectators August 3 -5, 2007 6489 including spectators August 1 -3, 2008 6300 including spectators July 31 - Aug 2, 2009 including spectators Jul 30- Aug 1, 2010 288 Teams July 29 -31, 2011 teams) July 27 -29, 2012 (295 teams) July 26 - 28, 2013 (295 teams) Kick -It 30 Soccer Not Available Eagle Valley Events Vail Arts Festival August 11 -13, 2006: 5,000 August 10 -12, 2007: 3,500 August 8 -10, 2008: 3,000 June 26 - 28, 2009 9,000 June 25 -27, 2010 8,500 June 24 -26, 2011 10,455 June 29 -July 1, 2012 15,149 June 28 -30 14,472 Summer Not Available E LH Circle E LH Circle E Lionshead Circle June 13 -15 Commission on USA Pro Cycling 2006 Event did not occur 2007 Event did not occur 2008 Event did not 2009 Event did not occur 2010 Event did not occur Aug. 25, 2011 30,000 2012 Event did not occur Aug 23. Friday 30,000 Summer Not Available Special Events Challen e occur 1st Year Au ust 23 10 Sundays: June 28- 9 Sundays, Jun 27- Jun 26- Aug 28, June 24- Aug. 30 Vail Jazz Foundation Jazz @ the Market 9 Sundays 2,700 9 Sundays 2,700 9 Sundays 2,700 Aug 30, 2009 2,700 Aug 29 /no July 4, 3,000 2011 (10 Sundays) 3,500 (10 Sundays) 1,500 (10 Sundays) 2,250 Jazz @the Market Not Available July 31- August 28, ays: 5 Thursdays: Aug 6 - 5 Thursdays, Aug 5 July 7- Sept 1, 2011 Vail Jazz Foundation Jazz @ Vail Square 2008 (1st year: 5 Thursdays) 3,000 Sept 3, 3,500 Sep 2, 2010 2'700 (9 Thursdays) 7,200 (9 Thursdays) 9,000 (9 Thursdays) 9,000 Jazz @Vail Square Not Available Vail Jazz Foundation Vail Jazz Party September 1 -4, 2006 3,500 August 31- 3,500 August 29 -Sept 1, 3,500 Sept 3 - 7, 2009 4,000 Sep 2 -6, 2010 4,800 Sept 2 -5, 2011 3,200 Aug 31- Sept 3, 2012 3,500 Aug 30 - Sept 2, 3,000 Not Available September 3 2007 2008 2013 Vail Jazz Festival: June 26 -Sept 5, June 24- Sept 3, (40 performances in Summer Vail Jazz Foundation all events 2006 6,200 2007 6,200 2008 9,200 Summer 2009 10,200 Summer 2010 10,500 2011 13,900 2012 (40 13,850* total) 20,000 (June 22- September Not Available combined performances) 1 Grand Traverse Keen Vail Kids 2006 Event did not occur 2007 Event did not occur 2008 Event did not 2009 Event did not occur Aug. 7, 2010 396 Aug. 13, 2011 1,744 August 10 -12, 2012 2660* Aug 8 -11 6820 Summer Not Available Adventures VRD Adventure Race occur 232 teams Au ust 7 -10 Vail Economic Indicators: Tourism Page 2 of 6 Last Modified: 7/7/2014 Data provided were collected by the TOV and DestiMetrics in Jan. 2009 and updated in July 2014 from a variety of secondary sources, which are thought to be accurate, but not independently verified and best used as a general overview as a result. Vail Economic Indicators: Tourism (2004 -2014) Indicator Source Focus Study Report Date ('05- Report Date ('06- Report Date ('07- Report Date ('08- Report Date ('09- Report Date ('10- Report Date ('11- Report Date ('12- Report Date ('13- '06) Data ('OS '06) .07) Data ('06 -'07) .08) Data ('07 -'08) .09) Data ('08- -'09) .10) Data ('09 -'10) .11) Data ('10 -'11) .12) Data ('11 -12) .13) Data ('12 -13) .14) Data ('13 -14) Event Attendance Gran Fondo USA Gran Fondo Vail 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur Aug. 18 -19 (1st ear 466* Event did not occur Event did not occur Not Available Highline Sports & Gourmet on Gore 2006 Not instituted September 1 -2, 12,500 August 29 -31, 2008 18,000 Sept 4 -6, 2009 20,000 Sept 4 -5, 2010 20,000- 30,000 Sept.3 -5, 2011 30,000 Aug 31- Sept 3, 2012 22,500* Aug 3- Sep 2 50,000 Summer (August 29- Not Available Entertainment 2007 (Monday added September 1 ) Highline Sports & September 8 -10 & 15- September 7 -9 @ 14 September 5 -7 & 12- Sept 11 -13 & 18 -20, Sept 10 -12 & 17 -19, Sept. 9 -11 & 16 -18, Sept 7 -9 LH, Sept Sep 6 -8 LH & Summer (September Oktoberfest 40,000 40,000 40,000 40,000+ 40,000 - 50,000 40,000 31,000* 55,000 5 -7, September 12- Not Available Entertainment 17, 2006 16, 2007 14, 2008 2009 2010 2011 14 -16 VV, 2012 13 -15 VV Group 970 Vail -BC Restaurant 2007 Event did not occur 2008 Event did not 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur Sept 27 - Oct 6: 42,211 Summer (September Not Available Week occur Inaugural ear 26- October 5 America Cup America Cup 2006 Event did not occur 2007 Event did not occur 2008 Event did not 2009 Event did not occur 2010 Event did not occur Sept. 15 -18, 2011 600 Sept. 20 -23 850* Sep 10 -15 196 Competitors Summer (September Not Available occur 1st ear 9 -14 Living Well Living At Your Peak 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur Sept. 13 -15 423 Sep 19 -21 350 September 11 -13 Not Available Adventure Speaker Unlimited Adventure Vail Symposium Series (6 each 2006 725 2007 1,152 2008 858 2009 1,007 2010 777 2011 815 2012 671 2013: 5 in series 650 Speaker Series (6 Not Available each year) Vail Valley Soccer Vail Challenge Cup October 7 -8, 2006 2,200 players October 6 -7, 2007 2,000 players October 4 -5, 2008 1,800 players Summer 2009 1,500 players Summer 2010 1980 players 3,500 October 1 -2, 2011 3,100 Oct. 6 -7, 2012 7,500* Oct 5 -6 Requested October 4 -5 Not Available Club 4,000 spectators 3,500 spectators 3,200 spectators 3,500 spectators 4000 spectators Ski and Snowboard Ski Swap October 27,28, 2006 3,000 October 26 -27, 2007 3,500 November 7 -8, 2008 4,000 November 2009 1,700 November 2010 2,100 October 28 -29, 2011 2,862 Oct. 26 -27, 2012 2,095 Oct 25 -26 1,857 October 24 -26 Not Available Club Vail Highline Sports & Snow Daze December 4 -17, 2006 15,000 December 3 -16, 20,000 December 8 -15, 17,500 December 2009 20,000 December 2010 75,000 Dec. 5 -11, 2011 75,000 Dec. 10 -16, 2012 55,000 Dec 9 -15, 2013 62,518 2014 Not Available Entertainment (1st year) 2007 2008 Highline Sports & Vail Family Holidaze 2006 Event did not occur 2007 Event did not occur 2008 Event did not 2009 Event did not occur December 2010 (1st Not Available Dec. 17 -25, 31 50,000 Dec. 17 -25, 31, 2012 50,000 Dec 20 -22, 31, 2013 8,325 2014 Not Available Entertainment occur year) Highline Sports & Vail NYE 2006 Event did not occur 2007 Event did not occur 2008 Event did not 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur Dec 31, 2012 Not funded by CSE Dec 31, 2013 900 Dec 31, 2014 Not Available Entertainment occur in 2012 In IV O_ Vail Economic Indicators: Tourism Page 3 of 6 Last Modified: 7/7/2014 Data provided were collected by the TOV and DestiMetrics in Jan. 2009 and updated in July 2014 from a variety of secondary sources, which are thought to be accurate, but not independently verified and best used as a general overview as a result. Vail Economic Indicators: Real Estate (2004 -2014) Indicator Source Description Report Date ('05 -'06) Data ('05-'06) Report Date ('06 -'07) Data ('06 -'07) Report Date ('07-'08) Data ('07 -'08) Report Date ('08 -'09) Data ('08 -'09) Report Date ('09 -'10) Data ('09-1.0) Report Date ('10- Data ('10-11) Report Date ('11- Data ('11-12) Report Date ('12- Data ('12-13) Report Date ('13- Data ('13 -'14) '11) '12) '13) '14) Real Estate Sales Eagle County Total number of Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - April Winter (November'10 Winter (November 11 Winter (November'12 Winter (November'13 Assessor's Office Real Estate April '06) 174 April'07) 175 April '08) 177 April '09) 97 '10) 121 April'11) 148 April'12) 151 - April '13) 182 - April '14) 154 Transactions within Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - October Summer (May '11 - Summer (May'12 - Summer (May'13 - Summer (May'14 - Vail October '06) 217 October'07) 158 October '08) 149 October'09) 115 ,10) 195 October 'll) 126 October '12) 186 October '13) 199 October '14) Not Available Sale Price Eagle County Average sale price Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - April Winter (November'10 Winter (November'lI Winter (November'12 Winter (November'13 Assessor's Office of Real Estate April '06) $1,168,249 April '07) $2,169,933 April '08) $2,258,364 April '09) $2,854,325 '10) $1,641,593 April'11) $1,780,462 April'12) $1,709,393 - April '13) $1,423,375 - April'14) $2,224,531 transactions within Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - October Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May'14 - Vail October '06) $1,391,526 October '07) $1,370,692 October '08) $2,508,787 October'09) $1,112,728.70 '10) $2,111,644.10 October '11) $1,443,006 October '12) $1,382,832 October '13) $1,234,990 October '14) Not Available Price Per Square Eagle County Average price of Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - April Winter (November'10 Winter (November'll Winter (November'12 Winter (November Assessor's Office Real Estate per April '06) $727 April $902 April '08) $768 April '09) $1,103 '10) $791 April'11) $809 April' $820 - April '13) $734 - April '14) $828 square foot within Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - October Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May'14 - Vail October'06) $831 October 07) $726 October 08 $1,344 October'09) $568 ,10) $1,060 October 11) $724 October 12) $652 October 13) $682 October 14 Not Available Gross Sales Eagle County Total Gross Sales Winter (November'05 - $203,275,300 Winter (November'06 - $379,738,200 Winter (November'07 - $399,730,500 Winter (November'08 - $276,869,500 Winter (November'09 - April $198,632,700 Winter (November'10 $258,807,117 Winter, (November 11 $252,990,200 Winter (November'12 $259,054,380 Winter (November'13 $331,847,416 Assessor's Office Amount(USD) April '06 April '07 April '0 Aril '09 ,10 April'11) A ril'12 _A ril'13 - April '14 within Vail Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - October Summer (May'11 - Summer (May'12 - Summer (May'13 - Summer (May'14 - October '06) $301,961,100 October '07) $216,569,400 October'08) $373,809,300 October'09) $127,963,800 '10) $411,770,600 October '11) $174,867,073 October '12) $261,284,200 October '13) $235,995,092 October '14) Not Available Price Ratio Land Title Guarantee Average ratio of list Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - April Winter (November'10 Winter (November'll Winter (November'12 Winter (November'13 Company price to sale price April '06) 94.90% April '07) 95.30% April '08) 96.00% April '09) 91.83% '10) 85.44% April'11) 87.500% April' 12) 89.27% - April '13) 91.25% - April '14) 94.00% within Vail Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - October Summer (May'11 - Summer (May'12 - Summer (May'13 - Summer (May'14 - October'06) 94.50 0/a October '07) 94.40% October '08) 97.40% October'09) 85.12% '10) 89.92% October '11) 90.00% October'12) 90.06% October '13) 91.86% 0ctober'14) Not Available Residential Eagle County Number of Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - April Winter (November'10 Winter (November'll Winter (November'12 Winter (November'13 Properties Sold Assessor's Office residential April'00 165 April'07) 163 April '08) 143 April '09) 82 '10) 113 April'11) 148 April,12) 143 - April '13) 171 -April '14) 148 v properties sold Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - October Summer (May'll - Summer (May'12 - Summer (May'13 - Summer (May '14 - _ within Vail October '06) 200 October '07) 144 October'08) 156 October'09) 98 '10) 194 October 'll) 120 October '12) 182 October '13) 194 October '14) Not Available 8 QQlnmercial Eagle County Number of Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - April Winter (November'10 Winter (November'll Winter (November'12 Winter (November'13 FQperties Sold Assessor's Office commercial April'06) 5 April '07) 10 April '08) 11 April '09) 15 '10) 8 April'11) 5 April'12) 8 - April '13) 11 - April '14) 6 properties sold Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - October Summer (May'lI - Summer (May'12 - Summer (May'13 - Summer (May'14 - within Vail October '06) 2 October '07) 7 October '08) 6 October'09) 17 '10) 1 October 'll) 6 October '12) 4 October '13) 5 October '14) Not Available Dwelling Units Community Number of Annual (January '06 - Annual (January - Annual (January - Annual (January '09 - Annual (January - Annual (January '11 - Annual (January '12 - Annual (January '13 - 4Annual (January '14 - Constructed Development additional dwelling December'06) December'07) De.mber'08) December'09) December'10) December'11) December'12) December'13) December'14) Department units constructed 9 24 75 59 89 0 0 4 Not Available within Vail Hotel/ Community Number of Annual (January '06 - Annual (January '07 - Annual (January '08 - Annual (January '09 - Annual (January '10 - Annual (January '11 - Annual (January '12 - Annual (January '13 - 4Annual (January '14 - Accommodation Development additional hotel December'06) December'07) December'08) December'09) December'10) December'31) December'12) December'13) December'14) Units Department units constructed 11 77 90 2 3 0 0 0 Not Available Constructed within Vail Fractional Fee Community Number of Annual (January '06 - Annual (January '07 - Annual (January '08 - Annual (January '09 - Annual (January '10 - Annual (January 11 - Annual (January '12 - Annual (January '13 - 4Annual (January '14 - Units Development additional fractional December'06) December'07) December'08) December'09) December'10) December'l 1) December'12) December'13) December'14) Constructed Department fee units 0 0 0 0 64 0 0 0 Not Available constructed within Vail Net New Community Net New Annual (January '06 - Annual (January '07 - Annual (January '08 - Annual (January '09 - Annual (January '10 - Annual (January 11 - Annual (January '12 - Annual (January '13 - 4Annual (January '14 - Commercial Development Commercial Square December'06) December'07) December'08) December'09) December'10) December'11) December'12) December'13) December'14) Square Footage Department Footage 9,250sf 36,207sf 24,568sf 1,552sf 29,006sf 0 0 0 Not Available Constructed within Vail Vail Economic Indicators: Real Estate Page 4 of 6 fast Modified: 7/7/2014 Data provided were collected by the TOV and DestiMetrics in Jan. 2009 and updated in July 2014 from a variety of secondary sources, which are thought to be accurate, but not independently verified and best used as a general overview as a result. Vail Economic Indicators: Town Revenue (2004 -2014) Indicator Source Description Report Date '04 -'05 Data ('04-'051 Report Date ('05-'06) Data ('05-'06) Report Date ('06-'07) Data ('06-'07) Report Date '07 -'08 Data ('07-'08) Report Date ('08-'09) Data C08-'091 Report Date ('09-'10) Data ('09-101 Report Date ('10-11) Data ('10 '11) Report Date ('11-'12) Data ('11-'12) Report Date C12-13) Data C12-13) Vail Village TOV Finance Amount collected Winter (November'04 - Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - Winter (November'10 - Winter (November'11 - Winter (November'12 - R Department (USD) April '05) $1,959,692 April '06) $2,150,643 April '07) $2,235,665 April '08) $2,102,116 April '09) $1,598,271 April'10) $1,696,072 April'11) $1,958,121 April'12) $2,064,417 April '13) $2,242,112 e t Summer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'11 - Summer (May'12 - Summer (May'13 - a October'05) $707,992 October .06) $709,081 October'07) $724,998 October .08) $666,155 October ,09) $573,505 October'10) $609,452 October , 11) $693,894 October '12) $761,608 October'13 $823,182 I T Lionshead TOV Finance Amount collected Winter (November'04 - $699,826 Winter (November'05 - $680,292 Winter (November'06 - $704,911 Winter (November'07 - $856,906 Winter (November'08 - $828,915 Winter (November'09 - $883,556 Winter (November'10 - §877 387 Winter (November'11 - $gg5,095 Winter (November'12 - $883,342 I a Department (USD) April '05) April '06) April '07) April '08) April '09) April'10) April'11) April'12) April '13) Summer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'11 - Summer (May'12 - Summer (May'13 - S x October'05) $146,560 October'06) $154,984 October .07) $151,560 October'08) $210,343 October '09) $187,175 October'10) $199,152 October '11) $228,326 October '12) $228,588 October '13 $231,196 Cascade /E. TOV Finance Amount collected Winter (November'04 - Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - Winter (November'10 - Winter (November'11 - Winter (November'12 - e Vail/Sandstone Department (USD) ril 'OS) $1,038,941 April'06) §1 109781 April'07) $1 144388 April 'OS) $1 182703 April '09) §1 153789 April'10) $1,095,944 April'i1) $1,131,777 April'12) $1 129,364 April '13) $1,165,199 s W. Vail mme r Ma OS - ��A�p (May Summer Ma '06 - ( Y Summer Ma 07 - ( y' Summer Ma 08 - ( y' Summer Ma 09 - ( y' (May'10 Summer Ma 10 - Summer Ma 11 - ( y' Summer Ma 12 - (May'12 Summer Ma 13 - ( y' October'05) $671,503 October 06 $707,587 October 07) $712,127 October 08) $764,727 October '09) $680,951 October'10) $661,824 October 11 $694,593 October '12) $717,161 October 13 $729,216 L Vail Village TOV Finance Amount collected Winter (November'04 - Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - Winter (November'10 - Winter (November'11 - Winter (November'12 - o Department (USD) April '05) $1 ,819,656 $2,021,717 717 April '07) $2,090,189 April '08) §2 147 236 April '09) §1,849,345 April'10) $1 793 215 April'11) §2 148 434 Ap ril'12) §2 475 845 April '13) §2,749,317 d Summer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'11 - Summer (May'12 - Summer (May'13 - 9 October'05) $377,998 October '06) $388,552 October , $414,789 October '08) $446,399 October '09) $330,719 October'10) $408,732 October'11) $587,090 October '12) $690,978 October '13 $732,685 1 Lionshead TOV Finance Amount collected Winter (November'04 - Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'OS - Winter (November'09 - Winter (November'10 - Winter (November'll - Winter (November'12 - " T Department (USD) April'05) §1,211'828 April'06) $1,320,180 April'07) $1'448'205 April'08) $1'590,517 April'09) $1,367,737 April'10) $1,499j9 April'11) $1,670,696 April'12) $1'754,076 April '13) $1,841,519 g x Summer (May'05 - $247,305 Summer (May'06 - $282'581 Summer (May'07 - $323,812 Summer (May'08 - §324'648 Summer (May'09 - §261'272 Summer (May'10 - $343,795 Summer (May'11 - $361,690 Summer (May'12 - $387'978 Summer (May'13 - $434,772 S October'05 October'06 October 07) October 08) October 09) October'30 October'll October'12 October 13 e Ca . TOV Finance Amount collected Winter (November'04 - $861,732 Winter (November'05 - $911 808 Winter (November'06 - $1,062,423 Winter (November'07 - $1,D91,579 Winter (November'08 - $807,303 Winter (November'09 - $773 478 Winter (November'10 - $818,314 Winter (November'11 - $835,811 Winter (November'12 - $878,048 I Vail /Sandstone8 l /Sand Department (USD) April '05) April '06) April '07) April'OS) April '09) April'10) April'11) April'12) April '13) e W. Vail Summer (May'05 - Summer (May '06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'11 - Summer (May'12 - Summer (May'13 - s October'05) $276,491 October '06) $294,382 October '07) $302,779 October'08) $308,927 October '09) $219,353 October'10) $237,964 October '11) $268,044 October '12) $303,198 October '13 $304,002 Vail Village TOV Finance Amount collected Winter (November'04 - $1,565,938 Winter (November'05 - $1,709,731 Winter (November'06 - $1,865,670 Winter (November'07 - $1,847,564 Winter (November'08 - §1,653,738 Winter (November'09 - $1,679,681 Winter (November'10 - $2023,554 Winter (November'11 - $2,248,504 Winter (November'12 - $2,330,760 Department (USD) April 'OS) April'06) April'07) April -08) April'09) April'10) April'11) April'12) April'13) S Summer (May'05 - Summer (May '06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'11 - Summer (May'12 - Summer (May'13 - e a F October 05) ' $747,920 October 06) $777,970 October ) 867,240 October 08) $872,567 October 09) $741,054 October'10) $853,549 October ) $1,082,986 October '12) $1,217,111 October $1,276,608 o Lionshead TOV Finance Amount collected Winter (November'04 - Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - Winter (November'10 - Winter (November'11 - Winter (November'12 - o Department (USD) April '05) $388,096 April'06) $395,789 April'07) $398,375 April'08) $552,068 April '09) $581,408 April'10) $586,820 April'11) $632,942 April'12) $636,214 April '13) $649,431 d „^, Summer (May'05 - Summer (May '06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May'11 - Summer (May'12 - Summer (May'13 - dQ $ October'05) $161,611 October'06) $172,764 October'07) $227,858 October'08) $308,728 October'09) $245,649 October'10) $278,229 October'11) $287,316 October'12) $356,930 October'13 $359,494 �'a Cascade /E. TOV Finance Amount collected Winter (NOVember'04- $382,326 Winter (November'OS- $427,585 Winter(November'06- $445.549 Winter (November'07- §419'824 Win ter(November'08- $357,009 Winter (November'09- $320,657 Winter (November'10- $335,369 Winter (NOVember'll- $341,398 Winter(November'12- $353,727 Vail /Sandstone& Department (USD) April 'OS) April'06) April '07) April 'OS) April April'30) April'11) April'I) April'13) W. Vail Summer (M y'05 - $308,933 Summer (May '06 - $321,018 Summer (May'07 - $335,263 Summer (May'08 - §286'244 Summer (May'09 - §228'878 Summer (May'10 - §255'147 Summer (May'11 - §268'587 Summer (May'12 - $283,365 Summer (May'13 - §301'048 October'O5 October'06 October 07) October'08 October '09) October'10 October'll October'12 October'13 TOV Finance Sales tax % Full Year 2005 vs. full Full Year 2006 vs. full Full Year Sales Tax Full Year Sales Tax Full Year Sales Tax Full Year Sales Tax Full Year Sales Tax Full Year Sales Tax Full Year Sales Tax Department Increase year 2004 6.6% year 2005 8.20/b Increase (Decrease) 6.0% Increase (Decrease) 3.8 i Increase (Decrease) -13.8% Increase (Decrease) 4.5% Increase (Decrease) 10.5% Increase (Decrease) 2.4% Increase (Decrease) 9.7 Total Sales Tax vs. Inflation CPI % Increase Full Year 2005 vs. full Full Year 2006 vs. full Full Year CPI Increase Full Year CPI Increase Full Year CPI Increase Full Year CPI Increase Full Year CPI Increase Full Year CPI Increase Full Year CPI Increase as Measured by CPI year 2004 3.40/, year 2005 3.2% (Decrease) 2.8% (Decrease) 3.8% (Decrease) -0.4% (Decrease) 1.6% (Decrease) 32% (Decrease) 2.1% (Decrease) 1.5% Sales tax better Full Year 2005 vs. full Full Year 2006 vs. full Sales Tax Better (Worse) Sales Tax Better (Worse) Sales Tax Better (Worse) Sales Tax Better (Worse) Sales Tax Better (Worse) Sales Tax Better (Worse) Sales Tax Better (Worse) (worse) than year 2004 3.2 0/o year 2005 5.0% Than Inflation 3.2% Than Inflation 0.0% Than Inflation -13.4% Than Inflation 2.9% Than Inflation 7.3% Than Inflation 0.3% Than Inflation 8.2% inflation Finance Total Annual (January'OS - Annual (January'06 - Annual (January'07 - Annual (January'OS - Annual (January'09 - Annual (January'10 - Annual (]anuary'SS - Annual (January'l2 - Annual (January '13 - Construction Use Tax ITOV Department construction use December'05) Not implemented December'06) Not implemented December'07) Not implemented December'08) $608,483 December'09) $713,582 December '10) $1,103,118 December '11) $721,002 December $1.221,734 December'13) $1,360,585 TOV Finance Total property Annual (January '05 - Annual (January '06 - Annual (January '07 - Annual (January'08 - Annual (January '09- Annual (January '10 - Annual (January '11 - Annual (January'l2 - Annual (January'13 - Total Property Tax Department taxes collected December'05) $2,469,629 December'06) $2,751,032 December'07) $2,830,331 December'08) $4,092,167 December '09) $4,317,417 December'10) $4,782,945 December'11) $4,866,254 December'12) $4,157,279 December'13) $4,227,966 TOV Finance Total Real Estate Annual (January '05 - Annual (January '06 - Annual (January '07 - A ual (January '08 - Annual (January '09 - Annual (January '10 - Annual (]anuary'11 - Annual (January'12 - Annual (January '13 - Total Real Estate Transfer Department Transfer Tax December'05) 86,206,058 December'06) $6�2 ;g�7gq December'07) $6,536,118 December -08) §g pg1 g)7 December'09) $2,513,481 December'10) $6,950,701 Decamber'11) $4,403,706 December'12) $5,452,937 December'13) $4,725,589 Tax collected TOV Finance General Fund As of December 31, 2005 As of December 31, General Fund Balance as General Fund Balance as General fund Balance as General Fund Balance as General Fund Balance as General Fund Balance as General Fund Balance as Town Reserves Department Year -End Balance $13,673,808 2006 $15,433,051 of December 31, 2007 $19,834,717 of December 31, 2008 $23,002,886 of December 31, 2009 $23,173,417 of December 31, 2010 $22,886,692 of December 31, 2011 $23,546,285 of December 31, 2012 $23,403,652 of December 31, 2013 $16,401,973 Vail Economic Indicators: Town Revenue Page 5 of 6 Last Modified: 7/7/2014 Data provided were collected by the TOV and DestiMetrics in Jan. 2009 and updated in July 2014 from a variety of secondary sources, which are thought to be accurate, but not independently verified and best used as a general overview as a result. Vail Economic Indicators: Business Growth (2004 -2014) Indicator Source IlDescription I Report Date '05-'06 Data ('05-'061 Report Date ('06-'07) Data ('06-'071 Report Date ('07-'08) Data '07 -'081 IRe ort Date '08 '09 Data '08 -'09 Report Date '09 '10 Data '09 -'101 Report Date '10 -'111 Data f'30 '11) Re rt Date '11 -'12 Data '11 '12 Re ort Date ('12-13) Data ('12 -'13) Repo Date '12 -'13 Data '13 =14 Banking Deposits FDIC Total amount of Annual (July'OS -June Annual(July'06 -June Annual(July'07 -June Annual (July'08 -June Annual (July'09 -June Annual(July'l0 -June Annual(July'11 -June Annual(July'12 -June Annual(July'13 -June in Eagle County banking deposits .06) $1,373,139,000 ,07) $1,491,847,000 .08) $1,459,685,000 '09) $1,449,899,000 .10) $1,409,032,000 '11) $1,370,288,000 '12) $1,385,085,000 '18) $1,422,107,000 .14) Not Available (USD) Unemployment Colorado Unemployment rate Rate Department of Labor in Eagle County Annual (January .06 - Annual (January '07 - Annual (January '08 - Annual (January'09 - Annual (January '10 - Annual (January'll - Annual (January '12 - Annual (January '13 - Annual (January .14 - - Local Area December '06) 3.4% December'07) 2.9% December'08) 3.6 December'09) 7.4% December'10) 9'S December'11) 8'S December'12) 7'80% December'13) 6'80% December'14) Not Available Unemployment Employment Colorado Estimated number Department of Labor of people employed Annual (January '06 - Annual (January '07 - Annual (January '08 - Annual (January .09 - Annual (January '10 - Annual (January'll - Annual (January '12 - Annual (January '13 - Annual (January '14 - - Local Area in Eagle County December'06) 29'127 December'07) 30,300 December'08) 30'477 December'09) 27,961 December'10) 26,582 December '11) 26'884 December'12) 27'388 December'13) 28,445 December'14) Not available Unemployment Population Colorado State Number of Annual (as of July'06) Annual (as of July '07) Annual (June '07 - July Annual (June'08 - July Annual (June '09 - July Annual (June '10 - July Annual (July '12 - June Annual (July'l3 - June Estimates Government, estimated full -time '08) '09) '10) 'll) Annual (June'll - July '13) '14) Department of Local residents in Vail 4,812 4,871 4,960 5,027 5,278 5,242 ,12) 5,252 Not Available Not Available Affairs Vail Economic Indicators: Macroeconomic (2004 -2014) Indicator Source . Description Report Date ('05-'06) Data ('O5 -'06) Report Date -006-'07) Data ('06 '07) Report Date ('07-'08) Data ('07-'08) Report Date ('08-'09) Data ('OB -'09) Report Date ('09-'10) Data ('09-'10) Report Date ('10-11) Data ('10 - -'11) Report Date ('11-12) Data ('11 -'12) Report Date ('12-13) Data ('12 -'13) Report Date ('12 -'13) Data ('12-' ii) Consumer US Conference Consumer Winter (November'05 - Winter (November '06 - Winter (November '07 - Winter (November'08 - Winter (November'09 - Winter (November'10 - Winter (November'll - Winter (November '12 - Winter (November'13 - Confidence Index Board Confidence Index April '06) 104.6 April '07) 107.8 April '08) 77.8 April '09) 35.3 April'10) 52.9 April '11) 62.3 April'12) 65.2 April '13) 65.8 April'14) 78.8 Summer (May'06 - Summer (May '07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May 'II - Summer (May'12 - Summer (May '13 - Summer (May'14 - October '06) 104.7 October '07) 104.4 October '08) 52.6 October '09) 51.2 October '10) 53.3 October'11) 51.8 October '12) 65.9 October'13) 78.6 October '14) Not Available US Dollar vs. Euro US Federal Reserves US Dollar vs. Euro Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - Winter (November'10 - Winter (November'll - Winter (November'12 - Winter (November'13 - v April '06) $1.20 April '07) $1.32 April '08) $1.50 April '09) $1.31 April'10) $1.41 April '11) $1.37 April'12) $1.32 April '13) $1.31 April'14) $137.00 � Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - Summer (May 11 - Summer (May'12 - Summer (May'13 - Summer (May'14 - (� October '06) $1.27 October '07) $1.37 October '08) $1.49 October'09) $1.42 October '10) $1.29 October'11) $1.41 October '12) $1.26 October '13) $1.33 October '14) Not Available O_ Vail Economic Indicators: Business Growth_ Macro Econ Page 6 of 6 Last Modified: 7/7/2014 rnwH of vn' �Ii> VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: July 15, 2014 ITEM /TOPIC: Matters from the Mayor, Council and Committee Reports 7/15/2014 rnwH of vn' �Ii> VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: July 15, 2014 ITEM /TOPIC: Executive Session, pursuant to: C.R.S. §24- 6- 402(4)(a)(b)(e) - to discuss the purchase, acquisition, lease, transfer, or sale of property interests; to receive legal advice on specific legal questions; and to determine positions, develop a strategy and instruct negotiators, Regarding: Potential use of Town owned property, VVMC Master Plan and Timber Ridge. PRESENTER(S): Matt Mire 7/15/2014 rnwH of vn' �Ii> VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: July 15, 2014 ITEM /TOPIC: Adjournment (4:05 p.m.) NOTE: UPCOMING MEETING TOPICS AND ESTIMATED TIMEFRAMES BELOW (ALL ARE APPROXIMATE DATES AND TIMES AND SUBJECT TO CHANGE) THE NEXT REGULAR VAIL TOWN COUNCIL MEETING WORK SESSION WILL BEGIN AT APPROXIMATELY 12:30 P.M. (or TBD), TUESDAY, AUGUST 5, 2014 IN THE VAIL TOWN COUNCIL CHAMBERS FUTURE AGENDA ITEMS: Ongoing agenda items DRB /PEC updates WS - 15 min.; Information Updates Attachments: WS - 15 min.; Executive Session items: 30 min.; Consent Agenda: 5 min.; Town Manager Report: 5 min. Other agenda items: Half Day Retreat Define Balanced Community - WS - 8/5 Discussion on Economic Diversity w/ Stakeholders - WS - 8/19 Discussion of Parking & Transportation - WS - 9/2 VVMC Master Plan Discussion - WS - 9/16 Discussion of Five Year Capital & RETT Plans - WS - 9/16 Half Day Retreat w/ VLHA - WS - 10/7 Discussion on Town Manager's Budget (Final Draft) - WS - 10/7 Discussion on Adoption of Strategic Competitiveness Plan - WS - 10/21 Quarterly Status Report on Capital Projects & Programs (Info Update) - WS - 10/21 First Reading of Ordinance Budget Adoption - ES - 10/21 Discussion on Aspen Report & Follow up - WS - 11/4 Second Reading of Ordinance Budget Adoption - ES - 11/4 Discussion on Technology - WS - 11/4 Meet with Avon Town Council - TBD Investment Policy Update ES - TBD 1 -70 Vail Underpass Traffic Analysis Update - ES - TBD Clean Up Title 12 Ordinance - TBD Plastic bags - TBD Village Information Center - Greg - TBD Fee Schedule changes - George - TBD Housing Strategic Plan - George - TBD 2015 WAC updates (construction restrictions, legacy program) - WS - TBD Sister City discussion - TBD Discussion of future of RSES - TBD Streaming PEC & DRB - TBD VLMD Term limits - TBD Walking Mountains zero waste program presentation - TBD 7/15/2014