Town Board Sends Lot 4 Issue To Vote
At its January 6 special meeting, the Estes Park Town Board unanimously approved a contract to sell Lot 4 of the Stanley Historic District to the Grand Heritage Hotel Group, LLC (The Stanley Hotel) for the proposed Anschutz Wellness Center. The project includes the option for Estes Park Medical Center to operate a Wellness Center while the Stanley Hotel would be responsible for the accommodations portion of the project. Registered voters within Estes Park town limits will make the final decision on the sale of Lot 4 during the April 1 Municipal Election. At an upcoming board meeting to be determined, the Town Board is expected to pass a Resolution setting the April 1 election date, all ballot issues and the election method – poll versus mail ballot.
The Lot 4 contract specifies a purchase price of $1,650,000 (the appraised value), while $325,000 would be credited back to the buyer if Estes Park Medical Center completes fundraising to construct the Wellness Center and begins construction of the facility within two years of closing. In addition to voter approval, the sale is dependent on buyer’s due diligence, the Town Board’s approval of the development by March 11 following a public review process, and a 99-year lease executed with Estes Park Medical Center by March 11. If construction of the Wellness Center by Estes Park Medical Center has not commenced within two years of closing, the buyer may only use the land to construct a Wellness Center, as defined in the contract, or it must be designated as open space.
Project information including development information, schedules and election information will be posted to
the Town’s website www.estes.org as it becomes available. The recorded January 6 special meeting is available at www.estes.org/videos. Subscribe to receive Town news and/or meeting agendas in your email inbox by emailing firstname.lastname@example.org.