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Boards extend 90 Virginia Lane deadline, authorize outside expertise and explore RV‑park options to close ~$17M gap
Summary
Jackson and Teton County extended the development‑agreement deadline for the 90 Virginia Lane affordable housing project to March 31, 2026, authorized hiring external public‑private‑partnership expertise and asked staff to study RV‑park operations — moves intended to help close an estimated $17 million funding gap for a 221‑unit, deed‑restricted project.
At a Dec. 1, 2025 joint meeting, the Town of Jackson and Teton County agreed to extend the development agreement deadline for the 90 Virginia Lane housing project to March 31, 2026, authorized the Jackson‑Teton County Housing Authority to hire professional services with public‑private‑partnership expertise, and directed staff to explore options for RV‑park operations in 2026. The motions were approved: consultant authorization and the RV‑park study passed unanimously; the development‑agreement extension passed on the county side 3–2.
Housing Director April Norton told the boards staff requested the extension because the development agreement and financing commitment were not yet finalized and a funding gap remained. Penrose Regional Vice President Shannon Cox Baker, representing the developer, said Penrose supported a 120‑day extension to finish an “important” and complex development agreement and financing package.…
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