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Officials weigh short‑term RV park operation and modest revenue to support housing
Summary
Officials directed staff to explore a short, limited season for an RV park on the site, subject to bond‑counsel constraints; a private operator offered flexibility and estimated up to about $400,000 could be available to housing funds if structured within tax‑exempt rules.
During the March 9 meeting, commissioners raised the near‑term possibility of operating a recreational‑vehicle (RV) park on site to provide visitor parking and modest revenue while the Virginian project moves toward groundbreaking.
Staff said bond counsel must advise on tax‑exempt financing constraints that limit how much revenue the site can generate without jeopardizing exemptions; staff estimated, as an upper bound, that a limited seasonal operation could yield roughly $400,000. The developer/operator at the meeting said they would accept procurement rules (bid process) or a sole‑source arrangement if allowed, and offered to tailor season length or fee structure to satisfy bond counsel and town/county policy.
Next steps: staff will meet with bond counsel and bring back options for procurement and the allowable season and fee structure. Elected officials requested follow‑up to determine whether short‑term revenues could be used for housing funds without compromising the project's tax‑exempt financing.
