Developers present Resort Core PID; council questions governance, phasing and public benefits
Applicant representatives presented a proposed Resort Core Public Infrastructure District (PID) to finance parking, water storage, roads and a transit/gondola plaza with tax‑exempt bonds. Council members requested more detailed phasing, budgets and clarity about governance, homeowner transition, and potential auditor/accounting implications before deciding.
The full story
Applicant representatives (DA Davidson and consultants) presented the proposed Resort Core Public Infrastructure District and its governing document, describing how a PID can issue tax‑exempt debt and impose a self‑assessed tax (up to 1.5%) on properties inside the district to fund public and select private infrastructure. "A public infrastructure district... has the ability to issue a tax exempt debt to pay for improvements within real estate development projects," the presenter explained, then listed immediate priorities such as structured parking, a water tank for snowmaking and roads linking a new plaza to BRT and a gondola.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in