Timber Ridge Village lease approved by Town Council

By scott miller

VAIL — The eastern half of Timber Ridge is now Lion’s Ridge, and 113 new apartments will be built there. The Vail Town Council on Tuesday approved the details of a ground lease with the project developers, Gary Gorman and longtime Vail resident Jen Wright. The project will build 113 new apartments on roughly 5 acres of the Timber Ridge property, which has been owned by the town for about a decade. The town is putting about $1.3 million into renovating the apartments on the western half of the property, and those will be open to renters this year. Town …

Source: Vail Daily Feed