Hundreds of Avon-area residents see rent hikes

By scott miller

EAGLE COUNTY — Residents of 412 apartments in and near Avon received unexpected news last month — their rent is going up.Polar Star Properties, which manages the Eagle Bend and Buffalo Ridge apartments in Avon and the Kayak Crossing apartments in Eagle-Vail, informed residents in June that rent would increase an average of 3.2 percent — with a notable exception. The rent increase at those apartments is the first since 2008. Polar Star owner Gerry Flynn said the increase was needed due to rising costs of operations and maintenance.But first, the exception: Rent will remain at current rates for tenants …

Source:: Vail Daily Feed