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	<title>The Colorado Independent &#187; Economic Development</title>
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	<description>News you can&#039;t get anywhere else</description>
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		<title>Credit Suisse and the collapse of the West&#8217;s most posh ski and golf resorts</title>
		<link>http://coloradoindependent.com/23613/credit-suisse-and-the-collapse-of-the-wests-most-posh-ski-and-golf-resorts</link>
		<comments>http://coloradoindependent.com/23613/credit-suisse-and-the-collapse-of-the-wests-most-posh-ski-and-golf-resorts#comments</comments>
		<pubDate>Mon, 09 Mar 2009 16:54:06 +0000</pubDate>
		<dc:creator>David O. Williams</dc:creator>
				<category><![CDATA[Center Well]]></category>
		<category><![CDATA[Economy/Finance]]></category>
		<category><![CDATA[Environment/Energy]]></category>
		<category><![CDATA[Front Page]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Battle Mountain]]></category>
		<category><![CDATA[Bobby Ginn]]></category>
		<category><![CDATA[Economic Development]]></category>
		<category><![CDATA[Ginn Company]]></category>
		<category><![CDATA[Minturn]]></category>
		<category><![CDATA[Ski Resorts]]></category>

		<guid isPermaLink="false">http://coloradoindependent.com/?p=23613</guid>
		<description><![CDATA[A March 5 article in <a href="http://www.bloomberg.com/apps/news?pid=20601109&#038;sid=aT4PzNc1EgrU&#038;refer=home">Bloomberg Markets Magazine</a> paints a picture of wild excess in the high-end mountain resort development game, starting with the recent failure of <a href="http://www.newwest.net/topic/article/tamarack_resort_shutting_down/C35/L35/">Tamarack Resort</a> in Idaho, the bankruptcy of the private Yellowstone Club in Montana and ending with Florida’s Bobby Ginn.
]]></description>
			<content:encoded><![CDATA[<p><div id="attachment_23652" class="wp-caption alignleft" style="width: 310px"><a href="http://coloradoindependent.com/wp-content/uploads/2009/03/gillman6.jpg"><img src="http://coloradoindependent.com/wp-content/uploads/2009/03/gillman6-300x225.jpg" alt="The posh Battle Mountain ski-and-golf-resort was slated for this area near the abandoned mining town of Gilman that edges an EPA Superfund site. (Photo/Tom Boyd)" title="gillman6" width="300" height="225" class="size-medium wp-image-23652" /></a><p class="wp-caption-text">The posh Battle Mountain ski-and-golf-resort was slated for this area near the abandoned mining town of Gilman that edges an EPA Superfund site. (Photo/Tom Boyd)</p></div>A March 5 article in <a href="http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=aT4PzNc1EgrU&amp;refer=home">Bloomberg Markets Magazine</a> paints a picture of wild excess in the high-end mountain resort development game, starting with the recent failure of <a href="http://www.newwest.net/topic/article/tamarack_resort_shutting_down/C35/L35/">Tamarack Resort</a> in Idaho, the bankruptcy of the private Yellowstone Club in Montana and ending with Florida’s Bobby Ginn.</p>
<p></p>
<p>Ginn is the Colorado connection in the piece, buried deep in the lengthy story. As reported by the Colorado Independent in May 2008, the Ginn Company overwhelmingly won an election in Minturn, a small town off the backside of Vail Mountain; the win cleared the way for his massive <a href="http://coloradoindependent.com/4272/update-the-battle-for-battle-mountain">Battle Mountain resort</a>.</p>
<p>Ginn’s 5,300 acres of private land, purchased for $32 million in 2005, represent the largest undeveloped tract of private land in the upper reaches of the Vail Valley — and one of the true gems in all of Colorado ski country. But the parcel has a <a href="http://coloradoindependent.com/3662/the-battle-for-battle-mountain">long and twisted history</a> of mining, pollution (parts are an EPA Superfund cleanup site), land speculation and legal intrigue.</p>
<p>Ginn’s plans for a private ski area and golf course between the two former mining and railroad towns of Minturn and Red Cliff, within skiing distance of Vail, now appear stalled by the collapsed economy and a tangle of lawsuits. But a recent <a href="http://www.rockymountainnews.com/news/2009/feb/26/minturn-project-in-limbo/">Rocky Mountain News story</a> failed to mention Ginn’s inability to repay a staggering $675 million Credit Suisse loan.</p>
<p>That was the biggest loan floated by Credit Suisse — the Swiss banking giant that aggressively pedaled its risky products — to a slew of high-end resorts in the West catering to the über-rich. <a href="http://coloradoindependent.com/14960/bad-times-for-private-ski-resorts-in-montana-colorado">Yellowstone</a>, founded by timber baron Tim Blixseth in the 1990s, pioneered the private-ski-club concept off the backside of Big Sky, Mont. Ginn’s emulation now seems shaky at best.</p>
<p>With several Ginn affiliates filing for bankruptcy protection in Florida in December, Ginn’s timing once again looks suspect. In 1988 he filed for personal bankruptcy after the collapse of his holding on Hilton Head, S.C., where, according to Bloomberg, bumper stickers reading “Honk If Bobby Owes You” became common.</p>
<p>In Minturn, one of the few opponents of the Battle Mountain project, <a href="http://www.vaildaily.com/article/20090210/LETTER/902109885&amp;parentprofile=search">Frank Lorenti</a>, runs an “I-told-you-so” Web site called the <a href="http://minturntimes.com/Minturn_Times.php">Minturn Times</a>, on which he demands the release of millions in Ginn money promised for badly needed infrastructure projects like a new wastewater treatment plant.</p>
<p>Finally, one of the big knocks on the Battle Mountain project has been that it lacks water rights for 1,700 homes at high altitude, but the Ginn Company is pursuing a <a href="http://www.vaildaily.com/article/20090210/NEWS/902109859&amp;parentprofile=search">$30 million water right</a> currently owned by the city of Pueblo. When and if it can purchase the water and move the project along remains a huge question mark.</p>
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		<title>Colorado woos California businesses like &#8216;pitiless gigolo&#8217;</title>
		<link>http://coloradoindependent.com/21664/colorado-woos-california-businesses-like-pitiless-gigolos</link>
		<comments>http://coloradoindependent.com/21664/colorado-woos-california-businesses-like-pitiless-gigolos#comments</comments>
		<pubDate>Mon, 16 Feb 2009 20:17:28 +0000</pubDate>
		<dc:creator>John Tomasic</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Economy/Finance]]></category>
		<category><![CDATA[Economic Development]]></category>
		<category><![CDATA[metro denver economic development corp]]></category>

		<guid isPermaLink="false">http://coloradoindependent.com/?p=21664</guid>
		<description><![CDATA[From the <a href="http://www.metrodenver.org/">Metro Denver Economic Development Corp</a> comes a Valentine's lesson for lawmakers: let your state fall into repeated budget deficit crises and extended political gridlock and you can expect unwanted suitors to circle your taxpaying job-making businesses like pitiless gigolos. ]]></description>
			<content:encoded><![CDATA[<p>From the <a href="http://www.metrodenver.org/">Metro Denver Economic Development Corp</a> (EDC) comes a Valentine&#8217;s lesson for lawmakers: Let your state fall into repeated budget deficit crises and extended political gridlock and you can expect unwanted suitors to circle your taxpaying, job-making businesses like pitiless gigolos.</p>
<p><span id="more-21664"></span></p>
<p>This weekend, as a first step in a $100,000 marketing campaign, the Metro Denver EDC sent valentines to 500 California executives at expanding companies. The valentines asked the executives to take their business to Colorado. The campaign included a <a href="http://www.colovesca.com/">Web site and video</a>, a weekend ad blitz in newspaper and trade magazines across California, and an airplane trailing an 80-foot-long banner over commuters on highways throughout Los Angeles.</p>
<p>PRWeb <a href="http://www.prweb.com/releases/Colorado_Loves/California/prweb2053824.htm">reports</a> that the Denver campaign is pitching the same lower taxes and quality of life that has attracted Golden State businesses in the past, including San Francisco-based Charles Schwab.</p>
<blockquote><p>Schwab, which recently announced that it will create 500 new high-paying jobs in Douglas County, is typical of the type of California company with which the Metro Denver EDC often works &#8212; advanced technology firms seeking lower operating costs, highly educated and skilled workers, and a great quality of life. Schwab company officials said they chose to expand in Metro Denver &#8220;as part of a long-term strategic growth decision and due to the deep talent pool of high-tech workers here.&#8221;</p></blockquote>
<p>A review of the campaign at the <em>San Francisco Chronicle</em> <a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/02/15/BUIC15TNMR.DTL">Web site</a> was incredulous.</p>
<blockquote><p>Alluding to the &#8220;many aspects of California&#8217;s economy (which) make it difficult,&#8221; Colorado is kindly offering &#8220;to court California companies looking to expand to other states.&#8221;</p>
<p>The Valentine cards are just the start of it. There&#8217;s a Web site, COLovesCA.com, with lots of candy-colored hearts, ads with Cupid in ski boots, a Facebook campaign &#8220;targeted to California profiles,&#8221; and a YouTube video featuring Tom Clark, executive vice president of the Denver development group, sealing the Valentine card envelopes with a kiss (links.sfgate.com/ZGDP).</p>
<p>Isn&#8217;t this hitting California while it&#8217;s down?</p></blockquote>
<p>In its <a href="http://online.wsj.com/article/SB123448309305579825.html">review of the campaign</a>, the <em>Wall Street Journal</em> summed up the &#8220;troubles&#8221; plaguing California as high taxes, a ballooning deficit and political gridlock.</p>
<blockquote><p>&#8230;with the state facing a staggering $42 billion deficit, [L.A. County Economic Development Corp.'s Jack Kyser] said he has little ammunition to beat back crossborder raiding parties. &#8220;We know they&#8217;re out there,&#8221; he said. &#8220;California offers rich pickings. It definitely is a concern.&#8221;</p>
<p>Right behind Colorado are Arizona, Nevada, Oregon and Utah &#8212; all planning to make similar runs at luring corporate executives, venture capitalists and manufacturers who might be fed up with California&#8217;s political gridlock or anxious about potential tax hikes and deep cuts to schools, parks and other services.</p></blockquote>
<p>No response yet from Metro Denver EDC on what kind of signals, if any, wooed California executives have sent in response to the come-on. But as Colorado looks to the federal stimulus package to swell its budget and to bailout its struggling schools, this well-publicized Valentine&#8217;s campaign is as much a message to Colorado lawmakers as it is to their California counterparts.</p>
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		<title>Science-friendly White House could mean big bucks for Colorado</title>
		<link>http://coloradoindependent.com/19536/science-friendly-white-house-could-mean-big-bucks-for-colorado</link>
		<comments>http://coloradoindependent.com/19536/science-friendly-white-house-could-mean-big-bucks-for-colorado#comments</comments>
		<pubDate>Fri, 16 Jan 2009 14:27:15 +0000</pubDate>
		<dc:creator>Wendy Norris</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Economy/Finance]]></category>
		<category><![CDATA[Economic Development]]></category>

		<guid isPermaLink="false">http://coloradoindependent.com/?p=19536</guid>
		<description><![CDATA[The Economist writes in <a href="http://www.economist.com/science/displaystory.cfm?story_id=12887207">Blessed are the geeks, for they shall inherit the Earth</a> that President-elect Barack Obama's appointments of prominent scientists to key agencies and advisory councils signals a decisive shift in public policy and political decision-making by the new chief executive in contrast to his predecessor.

With Colorado ranking third in the nation on the <a href="http://www.milkeninstitute.org/publications/publications.taf?function=detail&#038;ID=38801155&#038;cat=resrep">Milken Institute's Technology and Science Index</a> — a measure of state human capital and intellectual property assets that can be leveraged for economic development — Obama's nerdy spheres of influence could reap big rewards for the Centennial State. ]]></description>
			<content:encoded><![CDATA[<p>The Economist writes in <a href="http://www.economist.com/science/displaystory.cfm?story_id=12887207">Blessed are the geeks, for they shall inherit the Earth</a> that President-elect Barack Obama&#8217;s appointments of prominent scientists to key agencies and advisory councils signals a decisive shift in public policy and political decision-making by the new chief executive in contrast to his predecessor.</p>
<p>With Colorado ranking third in the nation on the <a href="http://www.milkeninstitute.org/publications/publications.taf?function=detail&amp;ID=38801155&amp;cat=resrep">Milken Institute&#8217;s Technology and Science Index</a> — a measure of state human capital and intellectual property assets that can be leveraged for economic development — Obama&#8217;s nerdy spheres of influence could reap big rewards for the Centennial State.</p>
<p><span id="more-19536"></span></p>
<p>From the Economist:</p>
<blockquote><p>ONE of the stranger beliefs of some politicians is that if they treat nature like a troublesome opponent and ignore it, it might go away and stop bothering them. In the opinion of many scientists George Bush, America’s retiring president, was just such a politician. It would be one thing, for example, to argue that it is too expensive to stop climate change and that adapting to such change is a better course of action. It is quite another, as White House officials have done in the past, to describe climate change as a liberal cause without merit.</p>
<p>Mr Bush’s administration also stands accused of suppressing the publication of research he did not like. In 2007, for example, Richard Carmona, then surgeon general, testified to Congress that Mr Bush’s officials had delayed and tried to “water down” a report which concluded that even brief exposure to cigarette smoke could cause immediate harm. It has been criticised, too, for preferring AIDS-prevention techniques based on abstinence (which don’t work, but have a moral appeal to Mr Bush and his supporters) to those that use condoms (which do work). His attitude to research on embryonic stem cells did not endear him to many scientists, either, and although the disagreement in this case was about a matter of principle rather than one of scientific truth, the decision to stop funding such research was seen as yet another example of how low the stock of science had fallen in the government.</p>
<p>&#8230;</p>
<p>The stem-cell question was one that particularly disturbed Dr Carmona when he was surgeon general. In his evidence to Congress, he reported that he was not allowed to speak, or issue reports, on stem cells. Nor on emergency contraception, sex education, mental health, the health of prisoners or global health. The thousands of scientists who, in 2006, signed a petition calling for the restoration of scientific integrity to federal policymaking will also feel vindicated. “See no evil, hear no evil and speak no evil” may sometimes be a good prescription for day to day life, but it is no basis for policymaking. Mr Bush did not seem to realise that. So far, Mr Obama looks as though he does.</p></blockquote>
<p>A June 2008 article in <a href="http://www.genomeweb.com/newsletter/genome-technology/">Genome Technology</a> (subscription only) noted Denver-Boulder as one of top 20 biotech locations in the world. The Front Range biotech corridor employs 10,000 people throughout the region, including at the newest facility, the University of Colorado Anschutz Medical Campus and Children’s Hospital adjacent to the Colorado Science and Technology Park at Fitzsimons, a planned 578-acre bioscience campus. Regional employment is expected to nearly double by 2010 to 19,000 people.</p>
<p>Those well-paid, highly educated workers support a very efficient economic engine. Colorado ranks  fifth among the states by generating $787 million in business activity from the $336 million in locally awarded <a href="http://www.familiesusa.org/issues/global-health/publications/in-your-own-backyard.html">National Institutes of Health biomedical research grants</a> in 2007, according to a Families USA&#8217;s Global Health Initiative report. Only Texas, Illinois, California and Georgia rank higher than Colorado.</p>
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		<title>The Battle for Battle Mountain</title>
		<link>http://coloradoindependent.com/3662/the-battle-for-battle-mountain</link>
		<comments>http://coloradoindependent.com/3662/the-battle-for-battle-mountain#comments</comments>
		<pubDate>Mon, 19 May 2008 13:30:00 +0000</pubDate>
		<dc:creator>Tom Boyd</dc:creator>
				<category><![CDATA[Economy/Finance]]></category>
		<category><![CDATA[Battle Mountain]]></category>
		<category><![CDATA[Bobby Ginn]]></category>
		<category><![CDATA[Economic Development]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Minturn]]></category>
		<category><![CDATA[Ski Resorts]]></category>
		<category><![CDATA[Vail]]></category>

		<guid isPermaLink="false">http://www.coloradoindependent.com.php5-9.websitetestlink.com/?p=3662</guid>
		<description><![CDATA[<p><a href="http://maps.google.com/maps?f=q&#038;hl=en&#038;geocode=&#038;q=minturn,+co&#038;ie=UTF8&#038;ll=39.594049,-106.430397&#038;spn=0.233339,0.452499&#038;z=11"><img width="300" align="right" vspace="4" hspace="8" src="http://www.coloradoconfidential.com/upload/minturn.png"/></a><i>The fate of a high-dollar, private ski-and-golf resort adjacent to Vail is now largely in hands of voters.</i></p>
<p></p>
<p>Tucked away in a narrow valley between Vail and Leadville in Colorado&#8217;s central Rockies, in the shadows of the mega ski&#8230;</p>]]></description>
			<content:encoded><![CDATA[<p><a href="http://maps.google.com/maps?f=q&#038;hl=en&#038;geocode=&#038;q=minturn,+co&#038;ie=UTF8&#038;ll=39.594049,-106.430397&#038;spn=0.233339,0.452499&#038;z=11"><img width="300" align="right" vspace="4" hspace="8" src="http://www.coloradoconfidential.com/upload/minturn.png"></a><i>The fate of a high-dollar, private ski-and-golf resort adjacent to Vail is now largely in hands of voters.</i></p>
<p></p>
<p>Tucked away in a narrow valley between Vail and Leadville in Colorado&#8217;s central Rockies, in the shadows of the mega ski resorts of Vail and Beaver Creek, the small town of Minturn has long been home to people who like being off the beaten path, away from the hubbub, near to nature and yet not too far from Interstate 70, which buzzes past only a few miles away.
<p>
That&#8217;s all changed in recent years, however, as Minturn finds itself in the center of the Vail Valley&#8217;s largest land development since the creation of Beaver Creek in 1980 &#8211; a private ski and golf resort called Battle Mountain. An estimated 200 to 300 of Minturn&#8217;s 720 registered voters will decide the project&#8217;s fate in a referendum election Tuesday.
<p>
Officials for the faded former railroad town have been at the bargaining table with Florida developer Bobby Ginn for three and a half years, wrangling over the details of a posh, billion-dollar-plus development that would include a private ski area, two gondolas, 1,700 homes and two 18-hole golf courses on a 5,300-acre chunk of prime private real estate cobbled together from old mining claims.
<p>
Supporters, including unanimous town council annexation approval in February, several Main Street businesses and citizen leader and former councilman Fred Haslee, say the project will reinvigorate a town that&#8217;s been bypassed and overlooked by Vail, Vail Resorts and the entire Vail Valley for the past 40 years.
<p>
<img width="200" hspace="4" vspace="8" align="right" src="http://www.coloradoconfidential.com/upload/Gillman1.jpg">&#8220;With the Ginn development, all the things that we&#8217;ve seen in communities surrounding us are suddenly viable for our residents,&#8221; Haslee said. &#8220;Right now there&#8217;s one basketball court &#8211; half court &#8211; and a couple of horseshoe pits, some playground equipment &#8230; this developer is going to build new amenities [including a recreation center] and put Minturn on the map.&#8221;
<p>
But detractors say it will forever alter the funky hideaway off the backside of Vail Mountain, where skiers often head out of bounds and ski down to the Saloon, a legendary local hangout, via the Minturn Mile, a classic backcountry ski run. Frank Lorenti, a political greenhorn, has openly called for Ginn to &#8220;pack up and head back to Florida.&#8221;
<p>
&#8220;If this goes through, I&#8217;ll make money,&#8221; said Lorenti, who owns a storefront building in town and circulated the petition that forced a referendum on the project, &#8220;but I don&#8217;t want to lose my small-town way of life.&#8221;
<p>
A portion of the resort, almost all of which would be located above 8,000 feet in elevation, would be built on the rust-colored tailings of an EPA Superfund cleanup site. Another section would be within the boundaries of the condemned and abandoned mining town of Gilman, and another portion would be built in pristine, high-elevation forest about a mile from Vail&#8217;s Back Bowls.
<p>
The Ginn Company, with golf and beach resorts throughout Florida and the southeastern United States, purchased the land for $32.75 million in 2005, and suddenly a town that hadn&#8217;t seen high-powered negotiations since the decline of mining in the early years of the 20th century was across the table from a multi-billion-dollar corporation.
<p>
Town officials warmed to the task and began leveraging hard, asking for a list of improvements including a new recreation center, a new wastewater treatment plant, a scholarship fund, money for the purchase of nearby open space and $3.5 million for wildlife protection &#8211; among other benefits totaling nearly $200 million.
<p>
In return, Minturn would annex the Gilman property, approve the project&#8217;s increased density over what Eagle County would allow, and help provide the magical ingredient for any Western development project: water.
<p>
Lorenti said Ginn&#8217;s development will subjugate the town to the Ginn Company&#8217;s rule, dismantle the town&#8217;s unique character, decimate prime elk and other wildlife habitat, raise property taxes and choke two-lane Main Street in a cacophony of big trucks for years to come.
<p>
Supporters counter it will remove the specter of lead, zinc, gold and silver mining&#8217;s heavy pollution in the area. According to Minturn town documents, Ginn must have EPA approval to build his golf courses, which are planned for the still-contaminated Bolts Lake area just outside of town.
<p>
Lorenti isn&#8217;t sure Ginn has the power to complete the work that the multi-billion-dollar Superfund cleanup hasn&#8217;t yet fully accomplished. On the other hand, supporters point out that Ginn once converted Florida&#8217;s toxic Lake Apopka into the ritzy Bella Collina resort.
<p>
The $3.5 million included for wildlife protection is another boon, supporters say, but others argue the money is too little, too late.
<p>
Ryan Bidwell, executive director of environmental watchdog group Colorado Wild, said conservationists and the ski and real estate company Vail Resorts missed a critical opportunity early in this decade to buy the land from its previous owner, Turkey Creek, LLC &#8211; a pair of Denver lawyers who pieced together the property by snapping up old mining claims in the early 1990s.
<p>
<img width="200" vspace="4" hspace="8" align="right" src="http://www.coloradoconfidential.com/upload/Gillman2.jpg">&#8220;It&#8217;s unfortunate in a lot of ways that people didn&#8217;t have the vision to think about conservation of that property when it might have been an easier option,&#8221; Bidwell said. That option existed during a brief window between 2003 and 2005.
<p>
In the 1990s, Vail Resorts had 50-percent development option on the property, and some were concerned that the ski company &#8211; which was waging a war of public opinion during its Blue Sky Basin expansion &#8211; would build a resort similar to Ginn&#8217;s, then connect the two via a one-mile ski corridor.
<p>
After environmentalist protests over Blue Sky Basin turned ugly in 1998, with the eco-terrorist organization Earth Liberation Front torching several buildings and chairlifts on Vail Mountain, Vail appeared to give up on any plans to develop the Battle Mountain parcel.
<p>
When Vail Resorts began publicly discussing a conservation easement on portions of the property, Turkey Creek sued for breach of contract. In 2003, a judge ruled in favor of Turkey Creek, Vail Resorts was out and Turkey Creek started shopping the property around.
<p>
Eagle County was engaged in an open-space buying spree at the time, spending millions for the Bair Ranch property at the mouth of Glenwood Canyon and the Eagle River Preserve in Edwards. The money, some contend, could have been used instead to buy the Battle Mountain property rather than smaller parcels down valley.
<p>
After the Minturn Town Council unanimously approved annexation on Feb. 27 of this year, Lorenti began gathering signatures to take the issue to a referendum. In a town with roughly 720 voters, Lorenti gathered 89 signatures &#8211; enough to put the issue to a critical vote. A &#8220;yes&#8221; vote would be a huge step toward development, but a &#8220;no&#8221; vote isn&#8217;t likely to kill it completely.
<p>
&#8220;If we vote no, (Ginn) is either going to leave or he&#8217;s going to renegotiate with us,&#8221; Lorenti said. If Ginn renegotiates, Lorenti said, the citizens of Minturn could fight for a lower mill levy, water and sewer fees, and &#8220;a lot of stuff that could be putting money in the citizen&#8217;s pockets rather than the town&#8217;s pockets.&#8221;
<p>
The key to Lorenti&#8217;s argument is that Ginn won&#8217;t pack up and head down the road to seek approval from Eagle County, which currently has jurisdiction, or seek annexation into the nearby town of Red Cliff, opening a new cycle of negotiations with either of those entities.
<p>
&#8220;He&#8217;s smokin&#8217; dope on that one,&#8221; Haslee countered, adding he thinks Red Cliff or Eagle County would jump at the chance to be a part of a project that could reap millions in property taxes for either entity &#8211; and Minturn would once again be left in the cold.
<p>
Ginn Company spokesman Cliff Thompson declined to comment until after the May 20 vote, instead referring questions to the citizen-support website at <a href="http://www.minturncitizensforannexation.org" target="new">Minturn Citizens for Annexation</a>.
<p>
Town councilwoman Shelley Bellm, who voted in favor of annexation, said, &#8220;No matter how deep you dig or how shallow you go, you can find a benefit for everyone.&#8221;
<p>
She also pointed out that if Ginn takes his plans to Eagle County or Red Cliff, Minturn would still shoulder the impacts of the development, without any of the benefits.
<p>
If voters approve the project May 20, they will have a say in everything from how much traffic comes through the town to how much money is spent rebuilding Minturn&#8217;s aging infrastructure, Bellm said.
<p>
And it surely hasn&#8217;t escaped notice that, although the ski and golf resort will be private, Minturn residents would be offered discounted membership. But don&#8217;t expect Lorenti and Haslee to be meeting up for a friendly round of golf anytime soon. Insiders say the project is still many years away from completion.
<p>
For more, visit the town of Minturn&#8217;s detailed outline of the project at <a href="http://www.minturn.org" target="new">Minturn.org</a>. Visit the supporter&#8217;s website at <a href="http://www.minturncitizensforannexation.org" target="new">Minturn Citizens for Annexation</a> and the opposition&#8217;s website at <a href="http://www.minturntimes.com" target="new">Minturn Times</a>.<br />
<blockquote><p><b>The history of the Battle Mountain project</b>
<p>    · 1992 &#8211; Vail Associates, as it was known at the time under the ownership of George Gillett, purchases a 50-percent development option on the Gilman tract between Minturn and Red Cliff southwest of Vail Mountain. The $4.5 million, in part, funds the acquisition efforts of Denver lawyers Michael Page and Jim Aronstein, who are steadily patching together a huge tract of old mining claims.</p>
<p>    · 1994 &#8211; Vail Associates begins public Snowcat tours into the Blue Sky Basin expansion area (later Blue Sky Basin) in order to garner community support.</p>
<p>    · Feb. 22, 1994 &#8211; Vail Associates files a formal proposal for an 885-acre, three-chairlift expansion into the Blue Sky Basin area south of the existing Back Bowls on the other side of Two Elk Creek.</p>
<p>    · May 30, 1994 &#8211; A coalition of environmental groups announces it has enlisted legal help to formally oppose Vail&#8217;s Blue Sky Basin expansion.</p>
<p>    · August, 1995 &#8211; Vail Associates for the first time publicly acknowledges its financial interest in the Gilman tract in a series of articles published in local newspapers.</p>
<p>    · May, 1998 &#8211; Turkey Creek and Vail appear close to an agreement on the future of the Gilman tract when Turkey Creek partner and Denver attorney Jim Aronstein proposed developing the area around Bolts Lake and conveying the upper benches of the parcel to a public trust for at least $12 million. But the ski company balks when Aronstein proposes using the conservation easement as leverage to obtain a ski connection through U.S. Forest Service land, a politically sensitive issue for the ski company.</p>
<p>    · Oct. 19, 1998 &#8211; Seven arson fires are set on Vail Mountain, destroying the Two Elk Lodge, damaging four chairlifts and causing $12 million in total damage. The radical environmental group Earth Liberation Front claims responsibility in the name of the Canada lynx, a small wildcat believed at one time to live in area. The costliest case of eco-terrorism in U.S. history at the time remained unsolved for years. Only recently were several ELF members convicted of the crime.</p>
<p>    · August, 1999 &#8211; Vail Resorts officials for the first time publicly acknowledge conservation may be the most appropriate use for the Gilman tract. Eagle Valley Land Trust and U.S. Forest Service officials subsequently reveal they have had discussions with the ski company about preserving the parcel.</p>
<p>    · Fall of 1999 &#8211; Minturn begins drafting a memorandum of understanding with Vail Resorts, which is ultimately approved by both parties, that gives the town final say over any lift connection between the town and Vail Mountain. The biggest concern cited by town officials at that time is the Union Pacific rail yards, which the ski company is said to be eyeing for development.</p>
<p>    · October, 1999 &#8211; Vail&#8217;s board of directors decides to exercise its 50-percent option on the Gilman tract in a bid to maintain some control over the parcel and recoup some of its $4.5 million investment. The ski company confirms its desire to pursue a conservation easement. Turkey Creek refuses the ski company&#8217;s $5,000 check.</p>
<p>    · November, 1999 &#8211; Turkey Creek, LLC, sues Vail Resorts in Eagle County District Court for breach of contract for failing to aggressively pursue development of the Gilman Tract. Vail Resorts counter-sues.</p>
<p>    · January, 2000 &#8211; The Blue Sky Basin ski expansion, formerly Category III, opens to the public.</p>
<p>    · Sept. 24, 2003 &#8211; District Judge David Lass finds in favor of plaintiff Turkey Creek, LLC, in its lawsuit against Vail Resorts, ruling the ski company breached its 1992 contract with Turkey Creek (a 50-percent option) by &#8220;not committing to prompt and diligent development of the property.&#8221; Lass also states Vail Resorts used the public relations value of preserving the tract as open space in order to gain approval of its Blue Sky Basin expansion. The judge rules Vail must forfeit its development option and its original $4.5 million investment.</p>
<p>    · Nov. 21, 2003 &#8211; Vail Resorts appeals district court ruling to Colorado Court of Appeals in Denver. The appeals court later upholds the district court ruling.</p>
<p>    · Jan. 5, 2005 &#8211; The Ginn Company, a golf resort and residential development company based in Florida, purchases 5,300 acres of the Gilman tract for $32.75 million, revealing that it hopes to build an unspecified number of homes on the land, as well as possibly a private ski area and golf course.</p>
<p>    · Feb. 1, 2005 &#8211; The Minturn Town Council votes against exploring annexation of the Gilman tract as requested by new owner Bobby Ginn, saying the developer had not revealed enough of his plans for the parcel.</p>
<p>    · Feb. 15, 2005 &#8211; The Minturn Town Council reverses itself and votes to explore annexation of the Gilman tract after developer Bobby Ginn reveals more details of his project.</p>
<p>    · Feb. 27, 2008 &#8211; After three years of negotiation, the Minturn Town Council unanimously votes to annex the project and proceed with final approval.</p>
<p>    · May 20, 2008 &#8211; In a referendum, Minturn voters will decide whether to uphold a unanimous Town Council decision to annex Battle Mountain, or reverse their approval, potentially sending the entire project back to the drawing board.</p></blockquote>
<p><i>Freelance writer Tom Boyd is a lifelong Vail resident who writes about skiing, outdoor recreation and the environment for a variety of regional and national publications. He also co-owns and contributes to <a href="http://www.realvail.com" target="new">Real Vail</a>.
<p></i></p>
<p><em>Photos: Gilman, an old company mining town perched on the cliffs above Minturn on U.S. Highway 24, was abandoned in 1984 for reasons never made totally clear. The Celebration, Fla.-based Ginn Company has proposed putting its workforce housing on the site in the latter phases of its private ski and golf resort called Battle Mountain, parts of which are located on an EPA Superfund cleanup site. Photos by Tom Boyd.</em></p>
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		<title>Rifle Booms Under Record Housing Starts, Construction Projects</title>
		<link>http://coloradoindependent.com/3598/rifle-booms-under-record-housing-starts-construction-projects</link>
		<comments>http://coloradoindependent.com/3598/rifle-booms-under-record-housing-starts-construction-projects#comments</comments>
		<pubDate>Tue, 29 Apr 2008 15:15:38 +0000</pubDate>
		<dc:creator>Leslie Robinson</dc:creator>
				<category><![CDATA[Economy/Finance]]></category>
		<category><![CDATA[Boomtown]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[Economic Development]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Rifle]]></category>

		<guid isPermaLink="false">http://www.coloradoindependent.com.php5-9.websitetestlink.com/?p=3598</guid>
		<description><![CDATA[<p><img width="175" vspace="4" align="left" hspace="8" src=" http://i91.photobucket.com/albums/k309/Dotzero/hardhat.jpg" border="0" alt="Photobucket"/><i>Go anywhere in Rifle within a three-mile radius of downtown and you&#8217;ll find a construction project in progress. Because of the oil and gas boom, this town is expected to double in size, from 9,000 residents today to over 20,000</i>&#8230;</p>]]></description>
			<content:encoded><![CDATA[<p><img width="175" vspace="4" align="left" hspace="8" src=" http://i91.photobucket.com/albums/k309/Dotzero/hardhat.jpg" border="0" alt="Photobucket"><i>Go anywhere in Rifle within a three-mile radius of downtown and you&#8217;ll find a construction project in progress. Because of the oil and gas boom, this town is expected to double in size, from 9,000 residents today to over 20,000 in about 10 years. It could possibly double again by <a href="http://www.agnc.org/reports/08-socioecomic/agnc_final_mail_report_4-07-08.pdf">2035</a>, so there is no time to waste.</i><span id="more-3598"></span><img width="200" vspace="4" align="right" hspace="8" src="http://i91.photobucket.com/albums/k309/Dotzero/Plans1.jpg" border="0" alt="Photobucket">It&#8217;s not that Rifle hasn&#8217;t seen boom times before. Oil shale came on strong in the late 1970s but plummeted abruptly about five years later, leaving the town of 4,000 reeling from a recession. Rifle actually lost population in the 1980s. But since then, new technology has allowed the oil and gas industry to extract natural gas from the tight sand formations in areas around Rifle, so thousands of workers have moved in with the drilling rigs. Since 1990, Rifle has almost doubled in size to over 9,000 residents and is now the largest city in Garfield County, surpassing Glenwood Springs.
<p>
&#8220;We have about 3,000 homes in over 20 developments in various stages of planning,&#8221; noted Nancy Sanchez, the building permit technician for the city of Rifle. Hundreds of rolled-up plans envelop the building department. &#8220;Most of the housing plotted is for multi-family dwellings, although we do have some subdivisions that will feature homes in the $400,000 range.&#8221;
<p>
&#8220;We&#8217;re under an avalanche of new housing projects,&#8221; said Nathan Lindquist, one of the city&#8217;s planners. He noted the Rifle City Council was sensitive to providing housing for working-class people. &#8220;We have a lot of affordable housing projects on the books, and the city itself is working with the hospital, school district and others to build employee housing, too.&#8221;
<p>
<img width="200" vspace="4" align="right" hspace="8" src="http://i91.photobucket.com/albums/k309/Dotzero/sewerpipe.jpg" border="0" alt="Photobucket">Besides the many housing subdivisions in the works, the city is involved its own construction projects: a round-about at the Interstate-70 interchange; a new wastewater treatment plant; a new judicial center, a combined project with the county; and new stop lights. A new water plant is in the planning stages, too. In the next few weeks, the planning department will unveil a new urban plan for downtown Rifle.
<p>
&#8220;We&#8217;re planning for a city of 30,000 people, so we want to keep downtown vital with an entertainment district, rec center, and perhaps high rises of four stories or more to attract a younger set,&#8221; Lindquist explained. Right now, downtown Rifle encompasses about six blocks with businesses starting to take over traditional residential homes.
<p>
Commercial projects include new warehouses for oil- and gas-related businesses and six more motels of nearly 100 rooms apiece, again in response to the thousands of oil and gas workers coming in. Chain stores and restaurants are not far behind.
<p>
&#8220;Even though most of the staff had not experienced the oil shale bust, it&#8217;s fresh in the minds of some of the council people, so we are planning for when oil and gas goes away. We want to be a self-sufficient city,&#8221; Lindquist noted. The city is considering developing an alternate-energy industrial park to attract non-fossil fuel companies. &#8220;We keep in mind that this oil and gas boom won&#8217;t last forever,&#8221; he added.
<p>
Rifle&#8217;s boom times were recently highlighted by the sale of a 547-acre parcel of land adjacent to Rifle for $35 million, the county&#8217;s third-highest-priced property transaction <a href="http://www.postindependent.com/article/20080310/VALLEYNEWS/916022334">ever.</a>
<p>
<img width="200" vspace="4" align="right" hspace="8" src="http://i91.photobucket.com/albums/k309/Dotzero/rowhouses.jpg" border="0" alt="Photobucket">Shari Neuroth of Metro Brokers, who grew up in Rifle, said at one point last year, home sale prices were going up $10,000 a month. &#8220;Unlike the rest of the nation, Rifle&#8217;s real estate market has seen no downward trends &#8211; we&#8217;re still selling property that&#8217;s appreciating.&#8221; Neuroth said the only thing slowing Rifle&#8217;s housing market was the mortgage crisis.
<p>
&#8220;I appreciate that Rifle is working on master plans, projecting where growth should go,&#8221; she said. &#8220;This careful forethought should help alleviate some of our growing pains.&#8221; Neuroth doubted that Rifle&#8217;s accelerated growth would force the old-timers out. &#8220;We all want to stick around and see what happens.&#8221;
<p>
Sally Brands, owner of Savage Land Company, saw the boom and bust of the 1980s. &#8220;Booms are much easier to plan for than busts,&#8221; she said. &#8220;Growth is a good thing for Rifle &#8230; It&#8217;s sure better than dying.&#8221;
<p>
<img width="200" vspace="4" align="right" hspace="8" src="http://i91.photobucket.com/albums/k309/Dotzero/rigbuilding.jpg" border="0" alt="Photobucket">Top photo: Construction signs dot the Rifle landscape. Second photo: The Rifle building department has hundreds of plans under review. Third photo: Sewer pipe is stacked under the shadows of a drill rig. Fourth photo: Row of new condos are ready for occupancy. Fifth photo: On top of all the residential and commercial building going on in Rifle, oil rigs are also being constructed at the edge of town.
<p>
Photos by Leslie Robinson</p>
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