Letter to the editor: Breckenridge employees are here because of vacationers
Breckenridge and Gainesville, Florida
The Breckenridge Town Council has a predicament. I first came to Breck as a graduate student in 1967. It was a different town then: one traffic light, a rope tow on the hill (Carter), the Gold Pan one of the few restaurants. There was no Village at Breckenridge, no Vail Resorts, no place to stay!
Later, we were able to buy a condo (with a huge mortgage). Without short-term rental, we could not have had our happy family history here. With homeowners association dues, taxes, insurance, mortgage, maintenance and rental-manager fees, we still lose money on the place. It’s a delicate balance, with us taking all the risk and the town getting the skiers and hikers that make it thrive.
People like us have been the economic engine for Breckenridge for 40 years now. We have taken the risks, and Breckenridge has enjoyed the recreation center, expanded skiing, parks, restaurants, museums, schools and buses. All done with the property and sales taxes we and our visitors have paid.
The employees are here because of us. We, through our HOA dues and management fees, and our guests, who go out to dinner and shop, pay the employee salaries and shop owners’ rents. A conservative estimate of the economic impact of just our one short-term rental on the area is $75,000 per year.
It is obvious that almost everything built on the west side of Park Avenue was intended for visitor lodging. The town certainly encouraged this development. Can Town Council, with the stroke of a pen, cure the low-income housing deficit? Well, yes it can. The employees will evaporate, along with their housing needs. Of course, everything else melts away, as well, leaving behind a Vail company town. Wow, what a utopia. No need for town government. Vail knows best.
Support Local Journalism
Support Local Journalism
As a Summit Daily News reader, you make our work possible.
Summit Daily is embarking on a multiyear project to digitize its archives going back to 1989 and make them available to the public in partnership with the Colorado Historic Newspapers Collection. The full project is expected to cost about $165,000. All donations made in 2023 will go directly toward this project.
Every contribution, no matter the size, will make a difference.