Luxury subdivision land sells for $19M

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The former president of Vail Resorts was involved in the $19 million purchase of 1,220 acres of land just south of the Steamboat Springs city limits last week.

Andy Daly reportedly is the driving force behind Steamboat Alpine Development. Daly, who did not immediately return phone calls, was president of Vail Resorts from 1982 to 2002.

The purchasers and their land planner reportedly met with the Routt County Regional Planning Department staff recently and expressed interest in going through the land-preservation subdivision process to build homes.

The property is just east of the Priest Creek Ranches luxury development, which is an LPS, and just north of Catamount Ranch and Club golf course community.

The proposal could result in about 44 building lots together with parcels of open space, according to a developer familiar with the property.

In the early 1990s, the parcels that comprise the current land transaction were part of the larger Alpine Land proposal. Alpine Land developers sought annexation to the city as well as an independent ski lift linking to the Steamboat Ski Area. Neither of those options appears to be on the table this time around.

Assistant county Planning Director Chad Phillips said his office had informal discussions with the prospective developers, who indicated an interest in exploring the LPS process. The process provides incentives for developers to cluster home sites on lots as small as 5 acres, in exchange for leaving larger parcels as open space. An LPS subdivision awards developers with an additional building lot for every 100 acres preserved as open space.

Steamboat Alpine Develop-ment purchased the land, which is bunched together in a quilt of small parcels, from a half dozen business entities: Cottonwood Equities, Mountain View Estates, Pine Spring Gulch, Priest Creek Ltd., Walton Creek Ltd., and Yampa Valley Ltd.

All six share the same registered agent, Warren Sheridan of Denver, according to documents on file with the Colorado Secretary of State's Office.

Don Valentine, who developed 13 lots on 400 acres nearby in the Priest Creek Ranch LPS, estimated Steamboat Alpine Development could get approval for about 44 lots on its about 1,220 acres.

In another era

The original proposal for the Alpine Land site would have created more than 1,500 homes and 80,000 square feet of commercial space. The market has changed in the past dozen years, and early indications are Steamboat Alpine Development has very different plans that call for far less density.

A dozen years ago, Alpine Land Associates submitted a conceptual plan to the city of Steamboat Springs, even though the property was outside the city limits in Routt County. The intent was to seek annexation to the city at the same time the large development was going through the planning process.

Alpine Land essentially would have created a new mountain base for the Steamboat Ski Area. Plans included a resort hotel and a chairlift that would have traveled up a southwest-facing slope to the vicinity of Rendezvous Saddle. The proposal also included a golf course and a new fire station.

The developers wanted to create distinct neighborhoods within the project, grouped by housing type. The plan envisioned neighborhoods of 420 single-family or duplex units and 340 condominium units.

The developers presented figures to support their contention that annexation would have represented a net increase in revenues to the city.

-- To reach Tom Ross call 871-4205 or e-mail tross@steamboatpilot.com

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