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October Owners Letter 2018

Posted by carbonate on October 15, 2018

 

October 10, 2018

 

Dear Owner:

 

                On Tuesday, we had snow on the ground from the night before, but most of the white covering in the village was gone by mid-day.  Up above however, the peaks remain covered in white and a helicopter was active all-day long setting towers for the new lifts.   While Copper Mountain continues to state that they are on schedule to have the lifts operating by opening day, the Littner Poma (company installing the lifts) personnel that we have talked to told us that the load test of American Flyer is scheduled for November 17th, one day after opening.  When quizzed about American Eagle they stated they did not know, as they were only working on the Flyer.  Hopefully, the effort on the Eagle is more intense as it certainly opens up much of the middle mountain terrain.  The good news is that we observed a back hoe digging where the base terminal of the Eagle will be located.  Copper Mountain understands how important the opening of this lift will be.

 

                The two parking lots, located just west of the Athletic Club and just east of the Metropolitan District building, are nearing completion.  The westerly lot will be a pay lot this winter.  Our understanding is that the easterly lot will be parking for the Edge employees with vehicles.  They no longer will be parking in the north end of the Alpine Lot.  The development approved for the north end of the Alpine Lot has not started yet.  We anticipate that it will break ground next spring.

 

                Approval of the hotel scheduled to be built in the Chapel Lot occurred at the Ten Mile Planning Commission Meeting.   This 127-room hotel (unbranded according to the developer) will break ground this fall and hopefully be ready for ski season next year.  The hotel is planned to be operated/managed by Copper Mountain Lodging.   The developer has completed several projects in the Telluride area and his development team (architect – builder) is from Telluride.

 

                The Metropolitan District will have an election question on the upcoming ballot November 6th.  An effort to stabilize revenue coming to the District regardless of the Gallagher Amendment impacts will be on the ballot.   We urge all Colorado registered voters, who hold title to property in the District to exercise their right to vote in this election.  With the Copper Mountain Fire Department now part of the Lake Dillon Fire District through the authority that has placed the two departments together it is still the Copper Mountain Metropolitan District responsibility to fund our fire fighting expenses.  With the recent wild fires that we have experienced, adequate funding is imperative for the future of the District. 

 

                Short term rental regulations have been the focus of our local Resort Association leadership.  County imposed regulations could have significant impacts on rental owners in the resort.  While we feel that Copper is unique and should be excluded from these regulations, the County Commissioners seem to be on a mission of passing regulations for unincorporated Summit County that one size fits all.  While we feel that properties at Copper should be looked at differently, it will be up to the Commissioner’s decision as to what will ultimately by approved.  Needless to say, this impacts all of us and is critical.

 

                Thank you for your continued support and confidence.

 

Sincerely,
Tom Malmgren
President

Realtor Tom Malmgren of Carbonate Real Estate - Copper Mountain Colorado
By
Tom Malmgren
Carbonate Real Estate
Owner/Realtor

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