News in Brief
December 2, 2007
BASALT ” Basalt sales tax revenues for the town government’s general fund are up nearly 6 percent over last year thanks to another strong month in October.
The town collected $1,865,566 from January through October in 2006. Sales tax revenues totaled $1,975,094 for the same period this year, according to finance director Judi Tippetts.
The town has a 2 percent sales tax that raises revenues for its general fund. It has an additional 1 percent sales tax restricted to open space and trails projects. That tax has generated $ 987,547 so far this year.
The 2 percent sales tax for general purposes raised $214,000 in October compared to $204,000 for the month last year. That is an increase of nearly 5 percent, according to a report by Tippetts. She noted that there is a one-month lag between when the sales taxes are collected by businesses and when revenues get passed from the Colorado state government to the town. That means tax revenues received by the town in October reflect sales activity in September.
BASALT ” The Basalt Chamber is polling members to help decide the fate of the River Days Festival.
Members are being asked via e-mail if River Days should continue in 2008 and if there is any other group that might organize and administer the festival. The chamber also wants to know if the event should be oriented more or less around live music, or if the festival should be restructured in some other way.
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The Basalt River Days Festival was held for the 10th annual year in August.
Chamber executive director Heather Smith is seeking answers from members by 5 p.m. Monday so that results can be used at a board of directors meeting.
“The Basalt Chamber is in our annual budgeting process, and the chamber’s limited resources of funds and manpower must be considered in planning our activities for the coming year,” Smith’s e-mail said. “Administering the River Days Festival takes a large amount of resources, so we need to review it carefully.”
The chamber’s annual budget for 2007 was $117,000, according to a nonprofit profile that The Aspen Times wrote on the organization earlier this year. A separate fund is used to operate River Days. The budget for this year was $28,000. Revenues came mostly from 40 individuals, businesses and community groups.
BRECKENRIDGE, Colo. ” One Ski Hill Place, a 90-unit development at the base of Peak 8, is about to raise the bar for luxury.
The first 15 of 90 units will be released Dec. 8, and there’s already interest, according to Alex Iskenderian, vice president of Vail Resorts Development Company.
The asking price of the first of four penthouses will be $2.67 million – the highest asking price for a non-single family residence in Summit County. The previous record was $2.4 million from a Crystal Peak unit.
The price per square footage is also notable – prices range from $963 to $1,385 per square foot. Last ski season, Breckenridge’s Crystal Peak Lodge sold about two-thirds of its units for approximately $928 per square foot in weeks after the initial offering. This time, what people are buying is a premium location with amenities not yet seen in Summit County, said Jeff Moore, broker at Slifer, Smith and Frampton.
A two-lane bowling alley will be designed to look like an old mine shaft. An aquatics center will feature two swimming pools, an indoor hot tub and an outdoor plaza with a private hot tub and fireplace. Owners will be able to use a game room, two movie lounges, lockers and more. Other amenities include three restaurants, a conference center, a sports massage center, daily maid service, room service and ski and snowboard rental services.
One Ski Hill Place is a RockResorts property, the hotel division of Vail Resorts. RockResorts also owns and manages Keystone Lodge. (Summit Daily News)