VAIL – — The Vail Town Council authorized the $5 million sale of part of its municipal site Tuesday to the Vail Valley Medical Center, Steadman Clinic and Steadman Philippon Research Institute.
The title to the property won’t actually transfer until the redevelopment project — a partnership between the town and the medical partners to build both new municipal offices on the site as well as medical offices — goes through the town’s development review process and a building permit is ready for issuance, Community Development Director George Ruther told the council Tuesday.
The move was a big step toward the redevelopment, which the town and its medical partners announced last year. The goal is to complete construction in time for the 2015 World Alpine Ski Championships.
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