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Silverthorne says no to Centex

SILVERTHORNE – Centex Homes gave the Silverthorne Town Council its best sales pitch Wednesday, but it fell on skeptical ears. Burned by the last proposed Blue River Club and Silver Mountain Village developers, the council turned down the new companies’ request to start anew the annexation process.

They did, however, encourage Centex to stick around.

“My feeling is I would rather just date for a while,” said Councilmember Karla Trippe. “I think we need to go slow.”



Centex is a major homebuilder in the United States, ranked No. 1 for the past three years running among Fortune magazine’s Most Admired Companies. It also has a resort homes division, Centex Destination Properties, the division under which development of the two Silverthorne properties falls. Centex Destination Properties developed Cordillera, a golf course community near Edwards.

Centex Destination Properties is under contract to buy the 500-plus acres it wants to develop in Silverthorne. Plans by a previous developer to do the same fell through earlier this year. Centex proposes 410 homes at the upscale Blue River Club, planned for 500 acres east of Highway 9 and Blue River Run, and 188 at Silver Mountain Village. The Silver Mountain land is at the base of the Ruby Ranch subdivision. The Blue River Club golf course proposed by the last developer is gone.



But first, portions of both properties must be annexed into Silverthorne. And Silverthorne isn’t ready to do that.

Council members said they admired Centex’s credentials but want to proceed with caution on Silver Mountain Village and the Blue River Club.

The council repeatedly extended the last developer’s plans for annexation of the parcels until it became obvious those proposals weren’t making ground. Wednesday, they said they’re determined not to make the same mistakes twice.

“There are too many pieces we have to pick up,” said Councilmember Dave Koop. “If you prove yourself, you can go forward.”

The 192-acre Clark Ranch, one of the parcels needed to fully develop the Blue River Club, is already within the town’s boundaries. Barring the council’s decision to re-entertain the prospect of annexation, Centex Destination Properties president Joe Arcisz said, his company would like to move forward and submit plans for developing the Clark Ranch.

Centex proposes a variety of housing types at the Blue River Club, with a wide range of prices starting at $300,000 for a multifamily unit or for a prime lot. Plans for the locals-oriented Silver Mountain Village remain the same as under the last developer.

Jane Reuter can be reached at (970) 668-3998, ext. 229, or by e-mail at jreuter@summitdaily.com.


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