Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Development topic
No spam. Unsubscribe anytime.
Town OKs extension of vested rights for Lena Street Commons; developer outlines phased housing plan
Summary
Council approved a second amendment extending statutory vested rights for Lena Street Commons to June 13, 2028. Legal counsel said Buildings A, D and E remain to be completed and Building E (employee housing) is envisioned for completion by 2026; the developer committed to phased construction.
The Ridgway Town Council unanimously approved a second amendment to the Lena Street Commons development agreement, extending the developer’s statutory vested rights to June 13, 2028.
Town Attorney Nerlin explained that the original development agreement and a prior amendment remain in place and that the developer’s vested rights (initially petitioned in 2018) were set to expire on June 13, 2024. Legal counsel for the developer, Tom Kennedy, said the extension is sought to complete Buildings A, D and E and that Building E — described as employee housing — is "envisioned" to be completed by 2026, "if economic conditions are good." Developer Travis Spitzer said the team is "committed to start in 2026" and that they "hope to start in 2025," adding the work would be phased.
Council discussed the timeline and then approved the second amendment by motion.
What happens next: the extension preserves the developer’s vested-rights protection through mid-2028 and enables phased construction planning for the project; town staff will track progress against the developer’s stated timeline.
