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Jackson council backs 50/50 split of $10M pledge for 90 Virginia Lane and taps housing funds to pay town share
Summary
Town Manager Tyler Sinclair recommended splitting a $10 million town–county commitment for the 90 Virginia Lane project evenly. Council directed staff to propose a 50/50 split to Teton County and authorized use of restricted and assigned housing funds for the town’s portion; both votes were unanimous.
Mayor Arne Jordan opened the Jan. 20 meeting as the Town Council voted to propose a 50/50 division of a $10,000,000 town–county commitment for the 90 Virginia Lane housing project.
Town Manager Tyler Sinclair told council that staff recommends evenly splitting the additional $10 million and explained where the town’s roughly $5,000,000 share could come from: about $1,700,000 in restricted mitigation fees plus roughly $3,600,000 in assigned housing funds the town has put aside over recent years. Sinclair said using restricted funds…
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