GOCO awards $600,000 | SummitDaily.com

GOCO awards $600,000

BRECKENRIDGE – The Great Outdoors Colorado (GOCO) board has awarded $600,000 to the town of Breckenridge to buy 127 acres in the Golden Horseshoe northeast of town.

The land, called the Peabody Placer, will provide access to an 8,600-acre, multi-use backcountry area, including 1,842 acres of B&B Mines land the town hopes to purchase with the county this June.

Breckenridge voters will be asked on the April 6 ballot to approve a general obligation bond to finance the town’s half of B&B Mines $9 million price. The money will be paid back via future open space revenues generated by an existing half-cent sales tax.

In addition to expanding and diversifying both Nordic ski opportunities and other nonmotorized activities, including mountain biking, hiking and horseback riding, the parcel will provide a buffer between developed areas and public lands.

Once the sale is complete, the town can expand its Nordic trails and terrain and provide links to other trails on town- and county-owned open space parcels as well as U.S. Forest Service lands.

“While other Nordic areas are losing kilometers to development, this project provides a great opportunity to actually expand acreage for skiing and other nonmotorized uses,” said Summit County manager and GOCO board member Ron Holliday. “Access will be provided not only through the additional trails on the property, but also to the 100-plus miles of trails in the adjacent backcountry.”

Peabody Placer has been the focus of many development interests because of its proximity to existing high-end subdivisions, the municipal golf course and views of the Tenmile Range.

“GOCO really liked it because of the recreational component part of the B&B purchase,” said town manager Tim Gagen. “It’s getting beyond the standard ballfield projects they tend to see a lot of. It helps us with overall financial viability of getting B&B done. It looks more and more likely we won’t have to issue the full amount of the bonds we have before the ballot.”

-Jane Stebbins

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