Town of Breckenridge, Vail Resorts reach lift-ticket tax accord

From the Denver Business Journal

Link: http://www.bizjournals.com/denver/news/2015/08/27/town-of-breckenridge-vail-resorts-reach-lift.html

Town of Breckenridge, Vail Resorts reach lift-ticket tax accord

Aug 27, 2015, 7:20am MDT

Ben Miller, Contributing Writer

The town of Breckenridge and Vail Resorts Inc. have reached a compromise deal

regarding a lift-ticket tax to fund transit improvements in the town.

If voters approve the plan in November, a 4.5 percent tax would be added to lift tickets at

Breckenridge, which would raise at least $3.5 million for transit improvements. The tax

would add about $6 to a Breckenridge lift ticket.

The Denver Post reported the compromise was reached after the tax plan excluded taxes on

Vail’s Epic Pass, which also includes skiing at Vail Resorts’ (NYSE: MTN) other Colorado

resorts.

“In the spirit of compromise, the council felt this amount would be adequate to begin to

work on the much needed improvements for this vital issue for our community,” said

Breckenridge Mayor John Warner, in a statement.

Ben Miller contributes to the Denver Business Journal and compiles the Morning

Edition email newsletter.

 

 

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