An update from Frisco
The Town of Frisco has been moving and shaking over these last many months. Last year the town council approved the implementation of the Peninsula Recreation Area, Phase I , commonly known as the Frisco Adventure Park, resulting in the construction of the new day lodge, an incredible tubing hill and terrain park. Substantial improvements were also made in roadway and parking at the Peninsula Recreation Area. We were able to make this happen in a down economy because the town has taken a very conservative approach to budgeting over the last several years. This begins with staff being conservative in its revenue and expenditure projects. It continues with the council focus of maintaining our existing assets as our number one priority; we must retain sufficient funding to maintain what we have already built for the community. Further, this means we critically evaluated new capital construction projects desired by our community.
This conservative approach resulted in sufficient fund balances, combined with very little long-term debt, which allowed us to construct the Frisco Adventure Park at a time when unemployment was high and construction costs were relatively low. Frisco is proud that well over 80 percent of the money expended for this project was commissioned with local contractors and material purchases. We are currently evaluating our ability to add additional amenities to what we’ve done at the Peninsula Recreation Area.
We’re also incredibly proud of the purchases and closings of several units in the Peak One Neighborhood. The town leveraged a large town-owned property and created a partnership with a private developer to create a new, 70-unit neighborhood consisting of single-family and duplex homes. We watched this project go from dirt to a community in 2010 and into 2011. Construction will continue over the next several years as homes are built and sold in alignment with economic realities. All of the units are deed restricted to full-time residents. This fits within one of council’s goals: to increase the number of year-round residents in the Frisco community. Frisco is proud to define itself as a real and livable community within a large, tourist-driven region. Our public process and partnership on the Peak One Neighborhood project has won us awards, and we are incredibly proud of this neighborhood and its integration into the larger Frisco community.
This does not mean that all things are rosy in Frisco. We continue to see limited rebounding by our local businesses in the current economy. The struggle experienced by surrounding resort towns is also true here in Frisco. For us all to be successful, the council and staff are very aware of the interrelation between our building and land use processes and the ability of businesses to succeed, the value of our marketing dollars, and the need for strength between local government and the local business community. Council is working with staff and local businesses to ensure we are providing the highest level of service to our business community in the areas of: planning review, building permit and inspections, and how best to market our business community and events. The government’s ability to provide services and amenities to our community is only as good as the success of our businesses.
It continues to be the council’s sincere desire to see that all of Frisco and Summit County achieve our individual and collective goals and maintain the quality of life that is so valued here in the mountains.
Michael Penny is town manager of Frisco; Bill Pelham is mayor.
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