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February 20 Owners Letter

Posted by carbonate on February 19, 2020






February 10, 2020


Dear Owner:


                The big news this past weekend was the Dew Tour at Copper Mountain.  However, not to be outdone, Mother Nature dropped in excess of 30 inches of snow on us last Thursday and Friday.   Other than putting added stress on an already stressful weekend, many smiles are observed by skiers enjoying the mountain.   Sunday morning greeted us with another 6 inches and as of Monday, we continue to get snow.   Apparently, there was an avalanche on I-70 between Copper and Frisco yesterday afternoon that closed the road for a bit.


                All the mountain Boards of Realtors are opposing the proposed legislation to change short term rental properties to be assessed at the commercial rate vs. residential.  This would modify the assessed value from about 7% to approximately 30%.   Needless to say, the impact could be devastating to our mountain economy.   While we do not feel this bill will progress, we are watching closely.


                We have heard that the second phase of the hotel on the Chapel Lot is being strongly considered.   Allowing the contractor to avoid having to remobilize is attractive and possibly a money savings.    Copper plans to rebuild the transportation building this summer, mid-way in the Alpine parking lot.  The Ten Mile Planning Commission has it on their agenda for February 13th.  The addition of a commercial use, offering limited food service to the PUD at this location, was approved by the Summit County Board of County Commissioners.   Plans viewed on the county website for this project show an attractive building being planned.


                With the development planned for the base of A-Lift, we will have only a 9 hole golf course for the next couple of summers.   Holes 12, 13, 14 and 15 all have changes that will prompt closure of the back 9 holes.  Infa-structure is planned this summer for the development, as is moving the base of the lift, up the hill. No replacement of the lift itself is planned.   We have heard that possibly townhomes will be developed first.


                The real estate market remains very active with only 24 formal listings throughout the entire resort.   Shortage of inventory certainly impacts pricing.




Realtor Tom Malmgren of Carbonate Real Estate - Copper Mountain Colorado

Tom Malmgren
Carbonate Real Estate
Copper MountainColorado

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