Vail Plans $1 Billion LEED Resort Village

March 6, 2007

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Vail Resorts is planning a $1 billion project to transform a 9.5-acre site, currently known as West LionsHead, into what Vail is calling a green multi-use resort village consisting of residences, a hotel, offices, retail shops and restaurants, mountain operations facilities, a public parking garage, a new gondola and related skier portal and a public park. It’s been dubbed Ever Vail.

If approved, Vail says it will be the largest LEED-certified project for resort use in North America and one of the first proposed projects for consideration in LEED’s Neighborhood Development certification program.

Ever Vail will encompass approximately one million square feet and include between 600,000 and 700,000 saleable square feet of residential and commercial space. The site is currently occupied by Vail Mountain’s vehicle maintenance shop yard and warehouse, a retail and office complex and a gas station. The new resort village plans call for 150-250 whole ownership condominium units, 75-125 fractional ownership condominium units, a 100,000-square-foot-room hotel, 100,000-150,000 square feet of commercial retail, office, and restaurant space and a 100,000-square-foot mountain operations facility. The project will also include a gondola to serve as the fifth base portal to Vail Mountain, a public park and a new public parking structure.

Vail Resorts plans to develop 100 percent of the project’s buildings to meet LEED criteria.

The Company intends to submit its plans for Ever Vail to the Vail Town Council for approval within the next 60 days. The Company does not anticipate beginning any real estate sales on the project until 2009.

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