By Margaret Jackson / NewsBreak Denver
(Vail, Colo.) Vail Resorts will spend $17 million to build workforce housing on land the company owns in East Vail.
The development will provide 165 employees with affordable housing.
“Our employees are at the core of our mission to create an Experience of a Lifetime,” CEO Kirsten Lynch said. “Bringing our mission to life for our guests starts by creating it for our employees, and affordable housing is an essential part of that. As our mountain communities have grown, affordable housing has become increasingly more difficult for our employees to access — addressing this must be a top priority for our company and our communities.”
The Town of Vail approved the project in October 2019 after an extensive planning and environmental review, including a wildlife study conducted with input from Colorado Parks and Wildlife.
The East Vail project is one of four investments Vail Resorts will make into workforce housing. It’s also working on projects at Park City Mountain Resort in Utah; Whistler Blackcomb in British Columbia; and Okemo Mountain Resort in Vermont. Collectively, the four investments will provide housing to more than 875 Vail Resorts employees.
Earlier this season, the company invested in incremental affordable housing at Stevens Pass in Washington for 24 employees.
“These projects reflect progress on our commitment, and we remain focused on aggressively pursuing more opportunities in our resort communities,” Lynch said.
The investments in employee housing are in addition to the incremental $175 million annual investment Vail Resorts is making in employee wages, including a new $20 per hour minimum wage for the 2022/23 season.