Timber Ridge construction weeks away?

1st August, 2014 by

By scott miller

VAIL — After several years and a few false starts, the job of replacing the Timber Ridge apartments should start in the next few weeks. Work was supposed to begin in May to replace the apartments on the eastern side of the 10-acre parcel. That work was delayed when a development team led by Gary Gorman and longtime valley resident Jen Wright ran into unexpected hurdles obtaining financing for the project. Wright said the hang-up primarily involved the length of the land lease for the new apartments. The original agreement called for a 35-year lease. But, Wright said, lenders all …

Source: Vail Daily Feed



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