Red Hot Breckenridge Real Estate
If you've been surprised how hot the Breckenridge real estate has been in the last year, now real estate speculators are buying well located Breckenrige Condos, homes and land without even seeing these properties. The announcement on March 14, 2006 surprised locals and instantly gave a boost to the housing prices here and the demand to own real estate in Breckenridge.
After decades of dreams, discussions and even a kitchen-table negotiating session, Breckenridge ski-area officials Monday unveiled plans to build a $20 million gondola this summer linking the town to the resort.
"There's been a good discussion about this for 20 years or more," said Roger McCarthy, head of the Breckenridge ski area. "We're really excited to get this going now."
The gondola will run from lots in town already owned by the ski company to the Shock Hill development and then to the ski- area bases at Peak 7 and Peak 8. Expected to be operating by next December, it will eliminate the need for skiers to ride buses to the resort.
Breckenridge Mayor Ernie Blake said the change would be more than simply aesthetic.
"Getting on a gondola, you kind of feel like you're at a ski area instead of getting on a bus," he said. "I don't think it's just romance. I think it will be, practically, a better transit system."
The gondola will do nothing to ease the traffic congestion between Frisco and Breckenridge but should ease traffic within the town.
The town is contributing $6.7 million toward construction on the collaborative project, Blake said. In exchange, it won an agreement from Vail Resorts to reduce the amount of building density on the mountain.
Vail Resorts wasn't obligated to build the gondola until it had completed 300 residential units at the new Peak 7 base area - still several years down the line. But company officials agreed to invest in the project now rather than pay for it through those sales.
"Clearly, it's a situation of one plus one equals five," McCarthy said. "It's a great town and a great mountain. Put the two together, each one is substantially more because of the other."
To Search for Breckenridge Real Estate please visit: MrBreckenridgeRealEstate.com
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If you've been surprised how hot the Breckenridge real estate has been in the last year, now real estate speculators are buying well located Breckenrige Condos, homes and land without even seeing these properties. The announcement on March 14, 2006 surprised locals and instantly gave a boost to the housing prices here and the demand to own real estate in Breckenridge.
After decades of dreams, discussions and even a kitchen-table negotiating session, Breckenridge ski-area officials Monday unveiled plans to build a $20 million gondola this summer linking the town to the resort.
"There's been a good discussion about this for 20 years or more," said Roger McCarthy, head of the Breckenridge ski area. "We're really excited to get this going now."
The gondola will run from lots in town already owned by the ski company to the Shock Hill development and then to the ski- area bases at Peak 7 and Peak 8. Expected to be operating by next December, it will eliminate the need for skiers to ride buses to the resort.
Breckenridge Mayor Ernie Blake said the change would be more than simply aesthetic.
"Getting on a gondola, you kind of feel like you're at a ski area instead of getting on a bus," he said. "I don't think it's just romance. I think it will be, practically, a better transit system."
The gondola will do nothing to ease the traffic congestion between Frisco and Breckenridge but should ease traffic within the town.
The town is contributing $6.7 million toward construction on the collaborative project, Blake said. In exchange, it won an agreement from Vail Resorts to reduce the amount of building density on the mountain.
Vail Resorts wasn't obligated to build the gondola until it had completed 300 residential units at the new Peak 7 base area - still several years down the line. But company officials agreed to invest in the project now rather than pay for it through those sales.
"Clearly, it's a situation of one plus one equals five," McCarthy said. "It's a great town and a great mountain. Put the two together, each one is substantially more because of the other."
To Search for Breckenridge Real Estate please visit: MrBreckenridgeRealEstate.com
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posted by Mr. Breckenridge Real Estate | 2:33 PM
